Show STATUS OF LEADVILLE li Ht oord tho hundreds of car loads of ml vcr coin which secretary sherman AO frankly talked abou tui his recent speeches as being stored away in tho vaulti of alie united treasury fade into a more bagatelle compared with iho ghittori glit tori ing of wealth which are being wrested from natures inexhaustible treasury at leadville Lead villo said major J W his impossible for any one who chagnot been among tho binm at Lc adville to convey anything like a correct idea of the immense amount of treasure that lies concealed in choso hills waiting only for tha en capital of man to convert it into coin the development of tho mines now he says is very large but it is nothing compared with what it will bo in a very short time thero are now in leadville between and mines in which mineral in found jn greater or alss quantities some of this is what i termed float butof the thousand mines only about are sending ore to the smelter thus showing that an increase may be expected in the future in ill of these mines they are shipping iligir oro to the smelter regularly not more than half tho elnoa which are being worked are developed that is you put down your shall and you lind mineral in places and then giroo and money aro required to put it in chape for producing tho mineral in large in order to put alie mine into a condition for being most worked you run down your shaft say from ninety to one or two hundred feet the okie may be if you work from this alone of cluroe tho progress pro grees be slow owing to tho want of space and M important still the want of ventilation by sinking a second shaft and then tunneling from one to the ether you not only make space for a greater number of men to in but also overcome of suffocation occasioned by die loul air which pervades all mines where minerals are found the scooper chieftain and baltimore mine located on what is known aa yankee hill which derives its namo from mr W II 11 11 yankee who discovered the mines ao a o said to be die i repositories depositories deposit ories of ore in though not in what may bo billed a developed state they aro in such eliapo now thit they are pro du ing largo quantities of ore and yet tho production is but slight compared with what can to dono in alie near future in the chieftain are working fifteen born at within sixty d ays aliey expect to bo working sixty men in tho scooper minal it in expected that twenty or twenty five men will be working in time theore in abo scooper is among the most valuable yet discovered and is showing all tho way from to ounces per ton in the high grades there aro now in the neighborhood of ninety which loaft li aft bave been sunk and which will all alie way from 40 to ounces to the ton these of iron carbonates which are sometimes mixed and again are found to run hi layers all of these particularly on yankee hill cover tho entire crown of tho fiill I have sold these mines to the argent mining company and the IOWA gulch mining company the IOWA gulch company takes the scooper or and the argent company has bought tho chieftain and tho n imagine an area of ground similar in shape to the cen dennial building now standing in fairmount park and you hae a very accurate idea of the of the tareo mines which run paral lei w ith ach oiher for a distance of 1500 feet though in width flioy nrc somewhat narrower than tho cea tennial building this immense i literally filled with silver to form anything like an idea even of the value of this hill of treasure would bo an impo taking out his pencil and putting down the figures as he proceeded to cipher out for an illustration major continued by saying if you figure up a space fifty feet square and averaging eight feet in depth of the eiph chlorides it will give you ton worth per ton and lor tha speck of ground you would receive tho modest sum of look incredulous euid he ads tring tr ing the scribe who lost h fiort in the of the but have only figured thy ore at per ton when to have stated the case fairly at the high should have reckoned it at per ton which would produce from a square of fitly act with an average of cipot feet the fabulous sum ot you can form no estimate of the concealed in hills and if you were to go there and BOO them for yourself you would only bo lost in greater wonder and surprise I tell you tho minerals contained in those mines alone can not be got out in the next hundred arara ompha sizing tho remark with a whack on the table there are thirty four now loaded down with ore and they take nothing but the highest grades theao leavo two furnaces each with a capacity of twenty firo ton per dy and aro running day and night tho robert E lee mino i being put in working chape und they aro now paving dividends of por month on the of july alst the boino could havo boon bought for now it could not bo bought for many millions tho capital invented in it inno unta to between and OOOO and ro presenta dimply what afta been expended la getting it into working condition them were taken out of abi mine during the last summer and the prospect more will bo taken out during tho coining A half interest was ft few months alfin Pittsburg the mino to surveyor named georgo ali ico for 10 lie refused to buy and now abo name mind is in tho market for large sums of money are made in the business of grub staking that ia famishing money to men who prospect for manog in tah way governor II 11 A W tabor LM made half n million dollars in two why I il to know hua when h and hia wiep kept a little grocery toro and his money haa not ana jar a fool of him either lie is just ni good a fellow now as he was when were the mines ou yank ec hill discovered asked alio tho chieftain wa discovered december in jan 1878 and the baltimore in may the year replied mii bonan but you mut remell that thieo are not the only mints leadville worthy of mention thou h p course they arc the moet aromi i ont and aro acknowledged to bo tl s richest in mineral deports B it below thrpo mines aro the diina i matchless Match climax A kmec alie chief ar d many othera among abo the highland chief bla k prince minor ben franklin raa alingh little ella last chabre the treasury vault theae aed alapit way froia lUO to million ot dolla iv h a t people ha a fine I boms thirty ras dutant from tha railroad yet raw i uros etro in operation for connect rn it by rail with the rest of the world and what will bo its futi rohy joao a of its etora of untold wealth ab nb human bing can comprehend j |