Show production OF SILVER the recent report made by the senate committee on mines and mining is wa 18 briefly mentioned in the dis die at abb hi time it was wae presented by the chairman senator stewart Bt ewart mr bstewart reo alved his data relating to auta tah mines from froin B R 0 Ob chambers ambers of the ontario anil nd daly mr Cha chambers tAbon communication communication WM W as aa follows hoc ff on wm m M stewart Sl lik ewart united states aa tate washington WAshing toli D C dear sir you favor of the 11 alth th dinst ay iy la in which you my fay that thai a have bave been made by the opponents of free coinage that silver pan ao bo be produced at a cost 0 of from thirty to so uty cents an ounce and nd what I 1 love liv to lo be the average cost coat of pro anition from a general and aad varied expert I 1 cioe awe in ia allver mining during tho lost last I 1 coaty bearo I 1 feel justified to ia assort amert lag for or every ounce of liver pro coed n th tho coast at least 1 80 tia been expended la in silver mining A reo basis for this thia assertion aaa enlon f N have iva had prepared exact statements tate ments Ike reto sa attached of the he oot cost of pro in the ontario and daly MASON at park city ut b during my management both betge and since in corporation to date from these it will be seen that at the ontario amas ml ue the cost coat has haa been 61 71 7 16 1 eato ta per ounce and at the daly mine 00 to anese wo two minee that as aa Pa have made mada a record feat place them in a list of per perhaps bapis ave or of VIX x great silver alver alnea today operated ta in the united state for ewh mine that makee a record as ae iferd ai ft these were there are hund hundreds that py pay operating espouses to say eay of ot lotof of plant and venturia vea turea that have haire not re ened st 1 for every 10 expended in iii saying this I 1 am nut not using glit gilt vao 0 generalities but making 96 king gin an capable of itemized proof alswor agh gh to furnish it would squire require a tai Merable arable amount of time and eluse benee for gathering and tabulating for myself and others I 1 atre expended over in at kiting ling to nod find just jost one good mine I 1 he have haftel over a hundred tiek in I 1 h b and idaho that have okd such alien ut lt returns that now the attal joaa estt the above named a fand and most of the nines are now 41 cally abandoned this thin expenditure is not included la in the ontario and daly statements As another instance of the same obar character acter I 1 have in mind a prominent mining man in utah who some years ago sold bold an interest in ia a mine tor for over JEW he is a sober I 1 ud ad usurious rious steady man with no extravagant habits A few years subsequently he found himself dead broke J having spent nearly every dollar la in an attempt to find another paying property I 1 have obtained some statistics ioa and general information concerning a few properties whose opera ions have been of such magnitude as to attract attention in this territory the crescent mining company oue one of the largest mines in park city has haa been operated for about thirteen years and up to october 1888 has haa paid dividends amounting to a sum bum hot equal to the cost coat of the plant leaving the purchase of the property out of the question since 1888 the mines have been operated at a lose the assessments having been attach a statement showing that the low loss for 1892 was and that the silver produced cost 1 10 per ou ounce nee on an operating expenses alone the anchor mining company on 01 the same game lode as the ontario and daly mines has spent over tor for plant and expenses and has produced lead silver ores taking the proportionate silver output it is found that the ounces silver thus pro dured have cost or lift 1181 per ounce the assessments on this property to date are and no dividends Stat statement emet of superintendent attached there are other rut mi ties resin in park city which have paid small dividends within the last year or so but only because their kneir ores were vrem of such character that they could be sold to ten and required no outlay for plant the above comprises the list hot of the he larger properties in park city one of the renowned mining camps campa of this co outry and the ontario and daly adly alone have up to this date made a large profit it is to be noted in their case that practically they h have ave been in pay ore con tinous ly from the surface and have paia every mouth month more than their oi Q orating crating expenses probably the only instance ot the kind on record of those above mentioned are the old empire the alliance and numerous others that have leon been henry heavy losers and I 1 should estimate that not lues lose than have been lost in a smaller way and through individual efforts to find a paying claim la in this acknowledged wonderful mineral the empire expended about sion and did not take out worth of ore while the alliance silver output has thus far cost 1960 1050 pet per autice ounce per statement at cached I 1 attach statements of the manager of the utah gem and the dis old jordan min esat bingham bangham and ophir ophar utah by which it appears that the silver aliver product mat cost and aad per anoe respectively the mining company operations in bay florae idaho it if presented in detail would furnish a most convincing argument as to the difficulties in the way of successfully producing silver even after a good mine has been discovered ithe the bare results of this able com companas comp anys panya attempts are shown is in the statement of mr salisbury their sliver silver output having cost per ounce W G 3 slAt statement ement covers ope operations rations mostly moody in ia Arl arizona and martin K harkner Hark neBB statement represents the result of years of patient development work in the Prider frederick lok tunnel company utah the foregoing to is a typical list of mining operations showing the extremes of success and failure tAl lure but it cannot be emphasized too strongly that with mines as with men inen the occasional success heralded to the world cannot be accepted as an a criterion to the exclusion of W the innumerable failures there la Is it a large class clan of mines that are worked on year after your year now at a loss and agalha at a the owners loath to abandon them as ion long as there to is a fair prospect ahead the h city book bock mine an at alta utah may be taken an example it bag baa been worked d for twenty yeats years and today shows a not net loss of evidently the silver dilver product afis tk cast mote more per ounce than the avei average rage market quota tion lion even to la tee e cam of biwan zas it has usually happened that the original profits have been subsequently lost in continuing the prospecting and other work not to mention the comstock Com where this process Is now going 01 on 1 allow me to th direct your attention to the little cottonwood district U T and the yankee fork fuli wining flag district and wood river region in idaho where as la Is well known these suase quent losses loseli are an accomplished fact it to ie easily within the knowledge of any experienced man on the pacific coast and rocky booky mountain region that the foregoing but faintly outlines a vast array of similar statistics statistic if that could be furnished there is no doubt that the cash balance in the business of silver mining taken as a whole is largely larely on the debit side aide of the account yours your respect respectfully ully B R C CHAMBERS |