The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-05-09

auced will be that the vein will either be thrown up Of
This vein iuns parallel with the blue ridge, and
20 SOUTH il Of %ess SIDE Of the dipping east
no variations can take place generations
how this mine You must be careful in
piles SO as to keep each quality by itself No No 9
NOS BY this means you will be able to assay the ore
from each pile and to know what il will produce before
il goes to the smelling furnace and if No will not nav
try No2 and If that will not pay try No g. By this
you will find what your furnace w IN prodnce
when running either quality of the ore This yoi
ought to be particular about instances of this Kind
have taken placehat mines have been given up as un.
profitable when others have taken and made fortune
out of them by their better management bee ause YOU
at much expense for reducing the poor az
is you have no need Of reducing anv
at ALL but let il lie for some future day In this way the
mine will be rendered productive from the beginning
As at present this mine but in its infancy every pre-
caution should be taken and the ores will give at the
present depth from five to sixty cent what will they do
ty or forty fahoms With the facilities Of this mine per
cent will give handsome profit. believe all the
melted in England do not give more than from to 10 per
upon average. Now if these would yield
than 10 per cent this property must be invaluable.
But have doubt in my own mind from the expert
ment have made already that VIII produce 70 upon
ducing will be very light compared with that OF Cuba
and as the ore snrches as we go down. there is every
to believe that they will be equally rich with the
Cuba ore at the same depth.
From the above remarks it will be plainly seem that in
the further extension Of the operation Of the above
BILE the expense in sinking Of the shaft down the depth
Feet to the level the water without taking from the
shall now proceed to give you estimate OF all the
necessary expenses to into effect the now projected
plans on more extensive scale.
ESTIMATE THE PROBABLE EXPENDITURE AND INCOME
FOR THE WORKING OF THE CONSOLIDATED COPPER
MINE.
Expenditure
To building Of the furnace, materials &c. inclu-
To cost Of building Office. stable &C.. dwelling '' "
houses. SC. ........... ..............: 1900 %
To expense for superintendent. clerk twenty-six
men, horses, Wagons, materials Of every kind,
wear and tare, transportation OF copper to mar
ket, &C. &C. per month. ............. 800 00
Surprising that twenty men employed in the
mine should only werk ont 10 Is tons per
diem and that ore yielding 20 per cent, and
taking the average price Of copper at $500 pers
tun, it will give. ................. $500 90
And taking the returns for the month will gve "a OC
But supposing that it only,y ielded quarter of
this, say per cent, viii give. 5000 90
Now taking tine expenses at $500, but in order
to evade mistake or unforeseen accidents,
1t will leave nett balance in favor ofthe mine
Now II the furnace, about to be erected . constructed
on proper plan will reduce this quantity of in
the hours and much larger quantity can be obtained
will he brought out of the mine and laid down by
the means Of small Wagons running a railway Fuel
also in great abundance and lime il easy to be obtained
in tact the facilities of this mine very great compared
with any other mines in operation and she can be
WORKED many years WunOut necessity OF pumping
water is generally great draw back all mining
operations.
Now in conclusion. have only to regret that am but
pioneer and infant, comparatively speaking, in tho
knowledge great mineral Of this country
although have spent thirteen years in endeavorng del
velope them since left England, they differ, NAL
teally from those OF England in the general formatsn
in the strata and minerals
The knowledge Of which will be only obtaed by thu
itinerant practitioner in the pursuit of which som
valuable etimes will be spent before they are fully
known for in taking into consideration the great mner
resources Of this country, am lost in Contemplation
and wonder. is generally considered by practical mel
that report ofths kind should be plain and simple, and
l have attempted nothing beyond.
With this you will receive plan Of the mine, showing
the present state thereof well ground plan, show
ing the entrance of the intended level and the furnace
Gentlemen, have been particular and concise q
possible in my remarks. Wishing you every success
your undertaking,
Ihavc the honor to be, gentlemen,
Very respectfully
Your obdt servt,
JOHN PENMAN |
P.s.-Any gentleman wishing further explanation o
the above mne obtain by calling at % Pine stree
or by letter