| Show THE TIIE MINING INING OUTLOOK x Ex Grant Some Somo aging aIDI Pacts Facts am and Prediction At the recent banquet given by the Colorado Manufacturers Manufacturer's Exchange at Denver Governor ex-Governor J J. J B. B Grant spoke on Colorados Gold GoB and Silver Resources He Ho said Colorado is a gold and silver empire empire em em- pire within itself Having only one- one tenth of the area of Old Mexico it produced produced pro pro- pros last year 58 per cent as much silver and five time timo as much gold as was produced in Mexico Representing less than thau tenth one of the precious-metal precious minin mining district of the Rocky Mountains it produced last year 46 per cent of all the silver and 18 per cent of all the gold that w was s produced in the United States In comparison being only a speck on the map yet ret it produced last year 22 per cent of all the silver and 15 per percent cent of all the gold that came from that tha vast mineral region stretching along the western coast of two continents continents conti conti- from to Cape Horn Why is it that Colorado has yielded up her gold and silver so bountifully in the past and what does docs she promise for the future are questions of serious import to those of us who for better odor or for cast our lot with her In th the first place very much is due to her geographical position Colorado is the Eastern gateway to the Rocky Mountain l n mining region While Whilo in reality reality reality re re- re- re wo we are far in the tho West we are arc still very near the East We have four or five transcontinental railways passing passing passing pass pass- ing through the tho state with branches leading to every mining district thereby thereby there there- by bringing the most distant mining camps in the tho state within ch of all the tilO accessories of civilization Then again wo we have a great variety of ore ore gold gold ores silver ores ores carrying carrying carrying car car- gold silver lead and copper in combination tion and all together forming a suitable mixture for cheap and effective effective effective effect effect- ive smelting such as docs does not exist elsewhere here At the present price silver will not be produced so abundantly as hereto hereto- fore Silver mining however will not be abandoned in Colorado It can bo be produced here hero cheaper than at any other point and until free coinage is established we will go along in inn a quiet way and continue to furnish a fair share of all the silver that the world will absorb The he decline in the price of silver has naturally stimulated the interest in gold mining In the tho old counties of Gilpin Clear Creek Cree and Boulder and throughout the San Juan country there is a substantial increase in the output of gold Leadville promises to rival Cripple Creek as a gold producer and it is a well-known well fact that this young camp campis is now producing per month in gold with every prospect that its output in 1891 will exceed the tho gold production of the entire state for 1893 I have the statistics upon upon which this estimate is based and they more th than u justify the prediction that I have made Tho The increase in gold this thiR year will not be so great grent as many seem to think The output of the tho state willbe will willbe willbe be from to being being belog be be- ing log to greater than in 1892 This is very gratifying when we wo consider that mining in the tIlO state was almost entirely suspended for two months during the past sum sum- mer men On the tho whole the tho outlook for precious metal metal mining in the state is highly encouraging ing Colorado is the first state to show signs of bu business revival and this is due almost entirely to the tho quickening I impulses of gold and silver mining In spite of the of the fainthearted fainthearted fainthearted faint faint- hearted and weary in spite of the dire prophecies of coming want misery and starvation this young commonwealth of Colorado with all of its children at school its men at work and its women ready to vote will go forward with ever increasing prosperity offering in inthe the the future as in the tho past the most inviting in in- opportunities for labor and capital capital capitel capi capi- tal tel of any state in the B Union |
