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Show MININ' !& INTER-MOUNTA- IN INTER-MOUNTA- IN MINING REVIEW. high-grad- Devoted to the Mining and Smelting Interests of in West. the Inter-Mounta- Published Weeklt bt C. T. H ARTE, Room 223 Atlas Block. TERMS: (Payable in Advance.) One Year $2.00 1.00 .50 Six Months Three Months To England, Mexico and Canada, $3 per year, postage prepaid. Entered at the Salt Lake City Postofiice as second-clamatter. San Franciboo Office : 64 and 65 Merchants1 Exchange, where this paper is kept on file. Ad vertising contracts can be made with E. C. ss Dake, Agent. Salt Lake City, May 21, 1896. Cheap Production. People who are not familiar with conditions in the Camp Floyd district are likely to regard the reports of recent strikes as unworthy of their attention. The assay returns from these discoveries show values that in any other district would be calculated to discourage the owner, and people at a distance may quite naturally express surprise that anything should, be said about them. Mining operators in high-gracamps, whose mines are confined to a few fissures, cannot understand why so much fuss should be made over the discovery of $5 ore, when they are throwing better stuff over the dumps because it will not pay for handling. Some figures on the cost of ore production and treatment at Mercur will not only explain the importance of these discoveries, but also show some wonderful results in the way of economical production. The Geyser company being restrained in pending litigation from working its richest ground, is now extracting ore from the leanest portion of the vein. The average value of the ore milled during the month of April was but $3.92 per ton. The entire cost of mining and milling was but $1.97 per ton, leaving a profit of nearly $2 per ton. Therefore the little cyanide plant was capable of yielding a profit of almost $100 per day in the treatment of ore carrying less than $4 per ton. What is being done by the Geyser can be done by other companies, and that is why a large body of $5 ore in the Camp Floyd district is regarded as a bonanza. The profits are in high tonnage, rather than in high values, and happily the ore bodies are of such size that there is practically no limit to the tonnage. These new discoveries, aside from their value to the owners, are of importance to the district, as each one adds to the known extent of pay ore in the great vein. The discovery of the vein on one claim demonstrates its existence on many others and increases their value. It must not be inferred from the foregoing that there is nothing better than $4 ore in the district. The Mercur company has been milling ore of an average value of $15 and the deeper workings show even higher values. The Golden Gate has ore running into the thou de low-gra- de 50-t- on sands and geologists express the belief that deep workings will show the prese ence of ore throughout the paper district. that a listed Utah A Lesson from History. ance that he gets gitimate mining enter The financial world has had frequent The Mercur Su occasion to note the distress of the South American Republics, bub the The efforts that Represent causes of this distress have not been Allen of Utah is putting forth fully understood by the masses. The rector Charles D. Walcott of the" merciless manner in which these silver partment of the United tSates Geologic using nations have been crucified by cal Survey, to have a new survey made their gold standard creditors is thus of the Floyd mining district, forcibly presented by the New York should Camp receive the hearty support of Financial Record: A restrospective glance of the coun- every citizen of the State and every miner who has interests in Utah, and tries of South America twenty-fiv- e if it should necessary, in order years ago brings before the eyes coun- to secure become tries rich and teeming with resources. should be the new survey, a memorial drawn and should secure the In the course of time railroads, waterunanimous indorsement of the citizens. ways, docks, etc., became necessary to The report of the first official survey develop these resources, and foreign made of the district by Profs. Emmons capital and contractors were invited to and Spurr, recently published, has undertake the construction of railin a roads, waterways, etc. Unfortunately the medium perhaps indirect way been through which many thoun for the people, the sands of dollars have stipulations in the payments of the both prospectors and been savedGeo-to investors. bonds were made payable in pounds conditions of the district are sterling, instead of the peso, sole or logical milreis. For a time the engagements now better known than before the rewere promptly met as long as the dif- port was published, and miners and inference between the English pound vestors are each better informed as to the economic geology of Camp Floyd sterling and the moneys of the different South American pountrles did not district than they could possibly have exceed 10 to 25 per cent. Later, when been without the intervention of this the premium of gold notwithstanding most important branch of the Governthe increased production advanced to ment service. However, the work of the prospector a premium of 150 to 200 and 300 per cent, as, for example, in the Argentine in the district has gone far ahead of the Republic, the people found themselves work of the Governments geologists, twice the and since the report of the latter was compelled to surrender quantity, yea, sometimes three times closed many new conditions in the forthe quantity of wheat, wool, hides and mation of the district have presented agricultural products in discharge of themselves. Notable among these is their indebtedness to the British hold- the presence of kaoline, graphite and ers of their securities than formerly, other earths of great commercial value, causing discontent and misery among while the more valuable deposits of all classes, realizing at last, but, alas! arsenic and mercury and their origins, too late, the full significance of con- have scarcely been discussed. If the tracting debts payable in English first official survey was of value the Review predicts that a later one would be pounds sterling. Keeping in mind these facts in con- of much more value for the reasons nection with the history of South above given that the men developing America, it is extremely doubtful that the district have advanced far ahead the people of this great republic will of the geologists, and have, and are now decide upon a monometallic monetary daily opening up new and novel condisystem, which will literally enslave tions in this great gold belt. them financially to the British and In view of the probability that Mr. monarchial European powers. May Providence direct the steps of our McKinley will be the Republican candidate for President, and of the possistatesmen, and save us from the curse of financial bondage to Great Britain bility that he will be the next President, his attitude on questions of and Europe." finance is of deep interest. The fact The New York Financial Record, that Western Republican conventions having responded to the Mining Re- have declared themselves for McKinley view's suggestion by moving the On- and free silver, while Eastern conventario mine back from Dakota to Utah, tions have warmly indorsed McKinley pays the following tribute to the mines and the gold standard, make it quite clear that much is expected of the of this State: The Dakotas have done pretty well. apostle of high protection. It is not They have given us the Homestake and every candidate who can ride two wild a lot of other good dividend payers, horses galloping in opposite directions. but they are not entitled to that queen McKinleys enemies in the East proof silver producers, the Ontario of nounce him a silver lunatic; his EastUtah; but still without her, Utah could ern friends vouch for his sound still boast of having more dividend- money" views; in the West his oppopaying mines than any other State in nents regard him as hopelessly wedded the Union, and the country has only to gold, and his supporters profess to begun to be developed. This draws our believe that he has a leaning towards attention to also another point that is free coinage. Mr. McKinley himself, very favorable to Utah, and that is that the candidate for the highest office there have been very few fraudulent within the gift of the .people, seems r al-rea- Spanish-America- dy, |