|Paper||Western Mining Gazetteer|
|Rights||No Copyright - United States (NoC-US)|
|Publisher||Digitized by J. Willard Marriott Library, University of Utah|
|Paper||Western Mining Gazetteer|
I WESTERN MINING GAZETTEER. THE PRECIOUS METALS. The Hon. Horatio C. Burchard, Director of the Mint, furnished from Washington the following comparative statement of the production of gold and silver in the United States for the fiscal years ending June 30th, 1877, 1878 and 1870. It is worthy of attentive study by those interested in mining, because it shows, in a manner different from the tables of statistics heretofore present, the production in different localities IV - 5- im t r- - l- - where silver and gold are found: GOLD. 1C Locality. )f of it X- Utah. - Arizona NtfW Mexico. nt e- - Washington. it. Virginia North Carolina. Georgia Other pourceu.. in id le SILVER. an he ! I Montana Idaho. I i lit, xico. New M Dako'a Lake dio The tables only show the production of the precious metals up to J une 30, 1 873. The Director of the Mint says that the returns for the fiscal year ended June 30, 1S80, are so incomplete that he cannot estimate the total yield as yet. By this statement is shown, however, that for the fiscal year ended June 30, 1S70, Nevadas output of silver was $12,680,-- j live lie has tin 1 Superior 0 her sources j rty as and that of Colorado, $11,700,000. The latter State i of doubled its productive that year. But since the Nevada dc- mines show less, while Leailville produced in the calendar anti year of 1S70, $10,500,000. For the first half pear of 18S0, the )int j output from that camp was $7,813,S0G, and for July, $1,054,-113000, J 8; August, $1,290,352. M IKING citv FINANCES. The following from the San Francisco Stock Report , will per serve to give dealers some idea how long bciore they will be ing called on for more mud to assist in the further development ,no ;f their favorites. The record given is October 1st: 1 be The monthly statements of cash balances of the more promireii-?!nent mines show the following figures: Union Consolidated, jactual cash balances over and above all liabilities, $33,316.40; per .Sierra Nevada, cash, $40,133.24; Consolidated Virginia, $34,-- ! the 107.46 in cash and $117,251.87 in unsold bullion. The Octom ! : I lt ions can viiig at the Consolidated Virginia and California have been partly paid, but the full amount is not yet ber expenses lnmes known. Utah, on hand, $8,884.06; Best & Belcher, $5,310.50; h 'Imperial, $22,021; Chollar, $20,S04; Silver Hill, $4,000; $33,500; Challenge, $0,571, and North Bonanza, Po-0s- $14,-,11.3- 2. i on ex jtive i ii T1IE COMSTOCK. Ar z ue- - NOT ALL IN ONE BASKET, Rich strikes and really valuable discoveries continue to be made throughout the State, and from Nevada, Utah, Idaho, Arizona and New Mexico conics news, which cannot be doubted, of most valuable, developments. Yet capitalists do not take hold freely" ; only-- the longest sighted of them take hold, while the general public take no more interest in these new discoveries of gold quartz, argentiferous ore, and free metal than of so many" exhibits of cobble stones. Such is the force of habit. The people of California have been educated into tho idea or perhaps we should say have educated themselves into the idea that the Comstock lode is the greatest lode oil earth and tho representative lode, by" which all. other lodes and even deposits must be judged. They" have therefore decided that if that is a failure everything else must be; but they might as well conclude that if Californias wheat crop should not come up to expectations there would never be a wheat crop again and that no other country would even raise a crop. We do not believe that the Comstock is going to prove a failure, but even if it should that would not bo the end of mining on the Coast. It might actually" be for the benefit of the Coast were the Comstock lodo to be declared a failure and be abandoned altogether. A new system of mining would then begin to come'into vogue. Grand combinations would give place to smaller enterprises. The countless mines of the Coast would be opened up one after another, and the aggregate result would be greater than ever. The success of the Comstock lode will be a great thing for thousands, its failure would probablyv be a great thing for millions. Its success will retard the opening up of our mineral resources; but still in time the opening up will come. The future of the Coast does not hang on the Comstock by" anyr means. Stock Report . following companies had an indebtedness on Scptem- 30: Alpha Consolidated, $12,175.00; Mexican, $11,345; Bphir, $8,782.18; Leviathan, cash overdrawn, $2,080.99. Tin; in the mining situation to sustain an There is nothing as vet i advance in the market, should one be made. There are possibilities enough and some probabilities; but these are not enough. Ophir is working hard for necessary ventilation so that the ore on the 2000 level, near the California line may be opened up. The east crosscut on the 200 level, which encountered the ore vein, has reached the point where the winze is to be sunk to connect with the raise from the 2300 level. When this connection is made the required ventilation will, it is thought, be gained. The situation east of the 2300 north drift in Sierra Nevada is interesting. The cast clav of the formation there which bounded what ore was found on that level is perpendicular, and at a point fifty feet up it has its regular easterly dip, and is to be followed still higher. On the 2500 level of the Union the situation has not changed for the better so far as the crosscuts are concerned. No. 1 has its face loss than forty feet from the eastern workimrs. n and no ore of valued has been discovered. The raise started from the northeast drift on this level is searching for the continuation of the ore on the level above. It will find it if the ore formation does not take a shoot in an unknown direction. The result of this movement will be to ascertain how far below the 2400 level the ore reaches and whore it goes. The northwest drift on the 1300 level of Savage has its face in some of the finest looking porplmy and quartz mixed ever seen on the lode. It resembles that which bordered the rich7 est portions of the big bonanza. Chollar is preparing to continue explorations into Potosi on the 2100 level, and work in that direction will doubtless soon be resumed. Exchequer is following its vein of promising quartz to the north, and the situation there is hopeful. Bel- cher will have its new pump-rod- s in place by the beginning of next week, and then explorations there will be resumed. in Benton, Alta and Silver Hill the ourlo continues good. The necessity of continuing work in ihc north header of the Sutro Tunnel lias had a depressing e licet here, as it argues that the prospect for ore in the nnrili-cn- d mines is not us good as had been hoped. Union evidently does not wish to assess its stockholders lor the coin necessary to prosecute work ill that direction. Are. !