|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|
WESTERN MINING GAZETTEER. ENGLISH vs. AMERICAN MINE books dating back to antediluvian times if not to the horse. i lie fact is, at the present time, when min-in- g An English gentleman, in correspondence properties in Utah can bo bought very with the writer upon the subject of investment cheap, opportunities for investment of foreign in Utah mines, says: capital were never more favorable. The unin here Great Britain have so ctjuutivcil People slroujj settled state of affairs in Great Britain, taken u prejudice against Yankee mines, prometera, syndicates in connection with the vast amount of English and directors, from their rueful experience in the Emma pre-Adami- Tho three Yankee mines above-nameare as famous for their wonderful richness as for their trinity in unity of imbecility, extravand rascality" which 1ms characterized agance O So far, therefore, as the their management. intrinsic values of the properties themselves arc concerned, no Yankee need be ashamed of them, or of the Territory in which they are located. With regard to the agents and promoters engaged in putting them on the English market, it is safe to say that, from the high and mighty Huron Grant down to the veriest jackal that bought and howled over the fragments left from the lions feast, of of the entire outfit were Englishmen. And when the mines were purchased and gutted, the directory that controlled them and the of Utah. We invite our kinsmen from over the sea to spendthrifts employed by the London management, were almost exclusively invade our Territory with their money hags and reap, with us the harvest of mineral English. three mines Nor are these exceptional in the wealth that waits o.. honest management and ruinous result of foreign management. Every hard work. noted mine in Utah run by managers from abroad has met with disaster, and METAL YIELD OP THE COAST FOR 1880. in most cases has been plunged into the hot Wells, Fargo it Co.s annual statement of the tomless pit of bankruptcy. Compare the former superb management of the Winnamiiek precious metals produced in the States and and Old Telegraph mines with the supernatural Territories west of the Missouri River, includBritish Columbia, and the receipts in San folly of recent foreign intervention. Offset the ing Francisco by ox pi css from tho west const of imperial, continuous dividends of the Yankee Ontario with the pitiful, pompous, disas Mexico, shows the aggregate products to he as turns English failure in the neighboring Mc- follows: Gobi, $3..o22,lS2 silver, $10,005,30 1; $0.7-12- , 3tK) ; copper, $808,000. Total gross Henry mine. Tintic, Ophir and Tecoina dis- - lead, rosult, $S0f107,n3C5. 1 he total products are: tricts arc strewn with the wrecks of riitlisli n $21,231,9:) Mexico $2,091,557 engineered bv English di Cniorndn mining ventures . 1. 1)4,74 7 California Malm 1K,27,IP. rectors, superintendents and supernumeraries. Nevada lfi' 15,031, 1, 05 9,0 11 Oregon P,IV)tyr3 Britli Columbia. Nil, 07 Camp Floyd went up like a rocket under the Utah Nf-7 1,300 . Iliivwl Washington Ti r. propelling influence of John Bulls princely jiVakotT.'! 05.1(1 Olhi-'Iontan:l B,S22,37'J i0, 155 investment, and came down a worthless stick under the depressing weight of his stupid management ot mine and mill. Aiound somej In comparison with the production of 1871). ot the offices ol impoited managers the California shows an increase in gold of ot wine and Leer bottles rivaled .lll( .t decrease in silver of $3(10,873. Xe the growth of their ore .lumps. Spoeh.1 iigonts Villlll sIlmva iV totill fanin 0V f the d two-third- s high-steppin- mocKss or eeeixixu comm. te capital seeking employment, should induce intelligent, fair-m- i neded Englishmen to turn their attention to Utah mines and, by judicious outlay i.nd economic management, recover moneys unnecessarily squandered in former ventures. They will find experienced, reliable miners and business men in the various districts, thoroughly posted in the art of developing and managing mines. They are men who stay by the properties entrusted to them and are content to receive fair wages for honest work. Their labor and its successful results visible in various localities in paying mines, is the best guarantee of their ability to make the most of a given amount of money. Increased facilities for mining, transporting and reducing ores, make the present time far more desirable in connection with investments in mining than any former, time in the history mine, tho Last Chance and the Flagstaff, that the hesitation to invest even a trifle in them amounts almost to an absolute refusal. AVJir g high-price- d ; I The following process, reported from Germany, promises very important results. Tho copper of commerce, which is largely produced by reduction from the ores of that metal, is never free from oxide, which detracts seriously from its toughness ; and tho process hero referred to lias for its object tho removal of this oxide, by employing for tlie purpose the energetic affinity which phosphorus is known to have for oxygen. The experimental trials, first made upon metalie copper with phosphorus in its elementary form, were found to bo very satisfactory as to results ; but the uso of phosphorus in this way was found to be both wasteful and dangerous. It was subsequently decided to employ a compound containing phosphorus, and for this purpose tho phoswas phide of copper or phosphide-coppe- r selected. The result is said to have surpassed all anticipation. As described by Dr. ltocssler the metal taken from the furnace, after a very short period had elapsed alter the addition of the phosphor-copper- , presented quite an altered texture in comparison with the sample taken before its addition. The latter could be readily broken off with blows of the hammer, delivered in one direction ; while tho former could only be broken after repeated bendings to and fro. In a word, the metal possessed a toughness which was quite astonishing. The fracture was hackly, of salmon-recolor, and silky luster, which is characteristic of chemically pure copper, and contrasted strongly with that of the other sample the fracture of which was that of the refined copper of commerce. The specific gravity of the orignal meial was 8.731, and that of the metal after treatment 8.000, An examination of the two metals for oxide showed that the commercial metal contained .100 per cent of oxygen, and tho metal refined by phosphorus per cent. with The result, together fact of the greatly improved qualities of the refined metal, demonstrated that phosphorus had very effectually done the work intended ; and the procedure bids fair, if those statements may bo relied upon, to assume an important position in the ninttalugy of copper. d .0-1- 2 MIXES AXl SrECULATOXS. i . Mt-xir- r j 1 . . sdim-t-K- . . 1 1 $'70,-acciimulatio- n . : j the Atlantic end wisely Happed their scientific cars for a day or two at tho mineand from ,1)u Comstoc k hein- - S3, 312, 302, as S,S30,r32 i lSTO- -a decrease of then slide down to Halt Lake City to wine and The product of Eureka Disu ict is 517f.,7o. -, dine and draw their princely salaries with a , of Sl,220,2Cli. ,;3, ()o.- a regularity as satisfactory to themselves as it an increase of $0M2,07-1- . Colorado's ruinous to the shareholders. .crease is gl),X71, 171, ehielly from I.eadvillo o hae no quarrel with scientific miners , Oh 1. Aii-atir i e t , Dakota's increase is crossed j ,0,-reas- !, e ii-,1- in-w- tll-l- . as d expel ts. but in the puivlia.--o and manage-- ! The total js simply marked notable.meat ot a mine, the intelligent, observing tlJd vield of precious metals of the same sections is who with formfamiliar practical miner, the 'from 1(S70 jsSO, inclusive, is given as ation, tho nature of the ore, the characteristics, $S2S, 033,7-10(ho exceptional idiosyncraees, so to speak, (if the district where it- is located, is of A cheat of the failures that j . greater value to a company generally, than the imported expert or manager who is necessarily igno-- 1 According to the New York Tribune and its statistics are probably correct the year 1880 exhibited a decrease in the volume of speculation in mining stock, but an increase in the n u m her of mines, dividends, the amount of capital invested, and, of course in the number ot workingmen employed. This shows that large capitalists have been investing in mining property. It is a branch of the business boom of 1SS0. Capital has been seeking investment in all directions, and has invested in mines, as well as in railroads. The decrease in volume ol speculation is due to the failure oi the Coin-docor Bndie District to develop a bonanza during the year. There is nothing remarkable in the simultaneous increae ot mining and and decrease of slock purchases and salt's. It merely shows alroli what everybody knows, that the Comstock and Bodic have been under a cloud and that capitalists have been buying mines in New Mexico, Arizona, Idaho, Utah, Maine, and elsewhere. Whether it will prove better for the country in the long run that the shall each he owhed by from one capitalist to live or six at must, or he owned by five hundred people drawing the dividends and spending them at home, is questionable. The very journals which a licet indignation and fear because the railroads are falling into the hands of a comparatively small number of men, rejoice that the shares of good mines are not for -;:do in the market, hut are in the pockets of a few' rich men who already probably have quite as much monev as U good for them or the community. X. F. Sfork JXjntrf. k best-mine- s proportion occur in connection with milling are due to gross mismanagement. Men who would not for a moment entertain a thought, of embarking in a mercantile venture without having an extended experience in the particular line of business and aNo having about them a corps of equally well posted assistants, will rush blindly into mining and plan? complete reliance in luck. Such men regard their efforts as a mere gamble, and arc successful as Most ot the stock of the South Horn Silver will probably be taken in Philadelphia. often as the faro player.