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Show INTER-MOUNTA- MINING REVIEW. IN fered through the shrinkage in values resulting from the silver collapse in 1893, when the Indian mints were closed to free coinage, continuing as follows: Oh, my countrymen and feljow New Devoted to the Mining and Smelting Interests of Yorkers and Brooklynites, what a tumWest. the ble it was! Now, as my object is to H T. Doom C. Weeklt by ARTE, Published start the vested interests of this me223 Atlas Block. tropolis into considering these facts, I have interviewed an imaginary AmerTERMS: ican capitalist, with the following re(Payable in Advance.) $2.00 'One Year 1.00 sult. I must deal in some figures .(figSix Months 50 ures axe always Three Months fatiguing), but I will To England, Mexico and Canada, $3 per year, give you as few as possible, and only postage prepaid. those absolutely necessary to prove my Lake Salt Postofiice as the Entered at case. City second-clas- s matter. This capitalist on the 26th day of : 64 65 and Merchants1 Office San Francisco June, 1893, was worth a million dollars, Exchange, where this paperbeis kept on file. Admade with E. C. invested as follows with the New York vertising contracts can Stock Exchange, valued June 26, 1893, Dake, Agent. as follows: 26, 1893, Manhattan ConSalt Lake City, Apbil 16, 1896. June solidated Elevated railroad ism in mining company promotion we have seen nothing equal to our present one. Colorado has become the Botany Bay of mining bunko steerers. It offers a premium to every such a thief, and says to him, Here is your field and here is furnished every needed facility. The Wealth of Deep Creek. INTER-MOUNTA- IN review. MINING Inter-Mounta- in " j stock, 2000 shares at $125, value July at 100 $ A Powerful Argument. June 26, 1893, Baltimore & Ohio railroad stock, 2000 shares at Mr. Richard Lacey, a prominent 73, $146,000; value July 26th- 54 27th, at New York city merchant, fills a page 26, 1893, Chicago & NorthJune in the current number of the New York western railroad stock, 1000 Financial Record with arguments in shares at $104, $104,000; value at 85 July support of the free coinage of silver, June 26, 1893, Chicago, Rock Isl& Pacific railroad stock, and he presents the subject in such a and 2000 shares at $70, $140,000; valbusiness-lik- e way that his appeal is calue July at 52 culated to go direct to the hearts and June 26, 1893, N. Y. & Lake Erie & Western railroad stock, 2000 ts pocket-book- s of his shares at $16, $32,000; value of gold in that great hot-be- d July 26, 1893, at 8 Northern Pacific) June While the New Yorkers are railroad stock, 2000 shares at 26th- disinclined to even listen to any ar$13, $26,000; value July 8 at 27th, guments that proceed from the West, June 26, 1893, Union Pacific railwhen one of their own number speaks, road stock, 2000 shares at 25, value July $51,000; one who has no affiliation with the at 16 silver baxons and who is not terrori- June 26, 1893, Western Union stock, Telegraph company zed by that cruel monster known to 1000 shares at 82. $82,000; value $250,-00- 0; 26th-27- th 200,000.00 109,000.00 85,000.00 26th-27t- h, 2Gth-27t- h, 104,000.00 fellow-merchan- mono-metalis- m. 26th-27t- h, 16,000.00 16,000.00 26th-27t- h, Senator Vilas as the silver sentiment, he commands respectful attention. Furthermore, Mr. Lacey's article is calculated to touch the cupidity of Eastern capitalists, which, notwithstanding all the twaddle concerning the patriotism of the bankers, is the controlling influence on Wall street. For instance, what could be more direct than this: There are no two cities on the face of the earth more interested in the question of bimetalism than New York city and Brooklyn, and no two cities that would profit as much by the free and unlimited coinage of silver at the ratio of 16 to 1 as these two same cities. Because the income of the inhabitants is mainly derived from all kinds of investments, and from dealings in and handling all sorts of financial ventures and commodities. So that the maintenance of solid and stable values for all kinds of investments is a matter of supreme importance to the people of this financial and commercial center, and a shrinkage in values of securities and commodities is more severely felt here than anywhere else in this country, owing to the centralization here of a great percentage of the wealth of the United States. And it is a fact, which I will show, that the holders of the wealth of this country are as much to be benefited by the reestablishment of bimetalism in the United States as the working people. Not only will the working People benefit, but also the capitalists will benefit through bimetalism. Mr. Lacey then proceeds to losses that capitalists and investors have suf Why? so-call- ed at 67 July Total securities, June 26tn-27t- h, 32,000.00 67,000.00 26, 1893, 629,000.00 value July Total securities, June 26, 1893 ..$ 831,000.00 June 26, 1893, 100,000 bushels No. 72,500.00 2 red winter wheat at 72c.... 2250 bales middling June 20, 1893, cotton (500 lbs. each) at 7c. 85,781.25 per lb 1893, cash in his 718.75 June 26, pocket. 10,000.00 in bank.. cash June 26, 1S93, gold Note the gold cash in bank 1 $1,000,000.00 per cent of his wealth 26th-27th- .$ $831,000; In thirty (30) days after the 25 per cent decline in the value of silver lion, the value of this capitalists $831,-00- 0 securities investment was, July bul26-2- 7, 1893, $629,000. When this ruthless, brutal, scoun- drelly, wicked blow was struck at ver this capitalists 8 sil- securities invest- ment was worth, in dollars, $831,000; thirty days later $629,000, a loss of or just about 25 per cent, the same as the proportionate decline in silver $202,-00- 0, bullion. When a New York merchant talks to his associates in this manner and through the columns of a Wall street organ, the friends of silver in the West have no reason to feel discouraged The mining stock fakirs must surely have brought about an awful condition of affairs over in Colorado to inspire such an outburst as the following from the Denver Mining Industry: We have seen mining booms and booms, beginning in the days of the Argonauts, followed by the Pikes Peak of 59, the stock boom of '64 and 65, the Comstocks of 69 to 73, the Leadville of 79 and 80, and the South Africa-Cripp- le Creek of 95 and '96. But for unmitigated, lying, infernal scoundrel- Construction work on the road from Salt Lake to Muncie, Nev we are assured will be commenced at once, the surveyors now being in the field. Not half the people of Salt Lake realize what this means. This road will penetrate to the Western boundaries of what is known as the Deep Creek country, an area seventy-fiv- e miles square, as rich in minerals as any region between Pikes Peak and the Sierras. In view of what Deep Creep contains it is astonishing that it has so long been denied railway communication. There is probably no mineral belt in the world where such peculiar conditions prevail. The greater portion of the country is gashed and seamed with great veins, carrying gold, silver, lead, copper and iron, some of the ores being of such high grade as to pay for a wagon haul of 200 miles. These veins have been covered by locations, thousands of them, according to a correspondent of The Mining Review. The owners of hundreds of claims developed their properties to the point that would enable them to at once commence the shipment of ore, patented their ground and then suspended operations, to await the railroad they were certain would come. This has been the condition for a number of years an unproductive region of developed mines and hence the moment the rails reach a district, that district will be in position to at once commence the shipment of ores to the Salt Lake smelters. Unless reduction plants are erected in the vicinity of the mines, this railroad will, as soon as completed, bring to Salt Lake 1600 tons of ore per day. As the smelters are not handling now more than 1000 tons per day, Deep Creek will more than double their business. This ore traffic, added to the vast quantities of supplies that will be needed by the many mining camps, will not only supply abundant revenue for the new road, but will increase Salt Lake trade to a magnitude not realized by her own people. Mr. S. W. Eccles, assistant general freight ag'mt of the Union Pacific, has in his possession some very complete data concerning the resources of the Deep Creek country, compiled with especial reference to the ore tonnage. His estimates, made up from conservative reports on nearly all the districts, show an aggregate output, as soon as rail communication is established, of 1605 tons, yielding to the railroad a daily revenue of $8627, and the estimated earnings from other sources increase this sum to over $12,000. Dugway district will produce 200 tons, among the claims being the Yellow Jacket, Silver King, Washington, Buck-horSilver Glance, Rattler, Blue Rock, Gypsy, Lehi, Carbinit, Black Dragon and Combination. The Spring Creek district, producing gold, silver and lead, is expected to supply 100 tons, and some of its mines n, |