New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-26

REPORT.
The history of mining presents many inter
esting facts, perhaps not fully understood or ap'
preciated by the public at large, and we are talIy
aware that no pursuit OF Industry presents more
temptation, and consequently has been pursued
with 30 little judgment aud discretion as that Of
mining for the precious metals. All ages, ano
almost every neighborhoOd, have their "gold
hunters" and mineral seers, stimulated by desire
but guided by no light save their own WHO
imag Dations. Ii cannot, therefore, be regarded
strange that the usual result should be f0tn
uaste If time, money aud energy; hence the i'm
preston that gold and silver mining has always
cost more than has been realized. Yet a closer
investig alton of the subject will show that this
general opinion is not more correct In relation
10 the subject Of mining than TO most other
branches OF human industry, provided all the
follies OF men TO be charged to the account OF
cost of production. We do not deem it neces
safy nor will we attempt TO enter into lengthy
details to prove our position; still IL may NOT be
Inappropriate to present lew leading tacts de.
rived from authentic sources OF long experience
and directed by the aid Of science, which seem to
demonstrate that very fair and remunerating
profits have been and still are derived from
sources comparatively OF far less promise than
that which this company propose 70 occupy aud
work. We find, by consulting comparative
table Of celebrated mines in Europe and America
by ]. Burr, ESQ. the following statement la
MeXicO-the richest silver mine az the present
time, is the Vetagrand, near Zacatecas, it yields
only about "a o. OF metal TO the quinta OF ore
lequsl to about cents to the pound, is worked
from a shaft /, 100 feet deep, costs 100000 per
snnum for draining alone, employs about goo
hands at from to shillings per day. yet pays
over 10 per cent per annum clear profit over
ard above expenses and interest OF original capl
tai. The Valencia mine, the richest in Mexico 10
lso0, had shaft OF 1850 feet and cost t4OO0e,
annually ioT drainage employed 3l00 hands al from To
shngsIer cay yielded ony about O1pces OF silver 10
the euils and paid ABOUT 100 per cent PER TIE
HAnme sfufd mine in SAXony the richest la Europe IN
1850 bad shat Of 1000 feet and discharged 81 gallons vi
water ger minute by stesmpower, yield from 10
ire tuhhi h4uoush compArauVeiy Dut hlle ore was pro
eueed tony about one hundfedn part a. much a. the Va
eucAn nines,J s1l paid over p per cent The cOnsO
dsed sud united MINIS Of Cornwall, England producing
ctn copper WIN lte tD present the Hi0g facs
shsns from "a % rs i-homs feet water discharged
per minute from 70 'WV gallons, employing steam 60
eines 81 ife m % - ~ men cylinders and water Wheel Of
a. feet diameter and al annual of 1900 stsrsg
Toe yields only Z per cent Of copper or about tTo
cents per pound arc e ms produces On an average f)
years vslue, &llssc per aDuum, expense Of
&s5 o0, SHOW log clear prGn Of 4bj so per annnm In
ms Safes cf Virgins AID OcofkA, where he expense OF
procuring the IL much less yet generally taken n IN
hoJ regarded fair ano very safe business yisd
the busn- ~ Dali cent per puma ana tla
where steem wholly relied upon fof power 10 Oper
More recent xpcrn have shows that the Zinc mines
OF New Jersey aud Copper mics Vt Connecticut may be
made 10 paV hau most other Dr1lcnrs " Dusiuess
nursu,d In ibe sane neg hDorhoOd IL is also net
AZ Eug.b Company have recently underal me draining
ara u0rsirg Of 20 mine ~ Old spain, that has been
filed with FOR l5Oy-afs with every prospect ~ sue
GEES Tie official reports from Mexico. for 1e last year
ana show sso hs the business Of mining has been
g. productive the treaty OF peace with n7 Dalted
Sisir- ~ a. any former period. Hence may lot
prct ffom sucn ioand In CAIfDrDa win
wafer power aud machinery sufficient, aud directed ~
American eLerpfse and returns pOldlng a
ess n magnitude with ne difference ia advantages and
chn.s there presented 1urrrJre when recuf 10 our
former cuiatOn " &c pound VI rock crushed
ensDeo ~ stale tat every recent sc0yery, oonn
he southern ners 90 me MarapDsaarc other localities snf
n northern ana me branches 81 nc 1uDa AZ Gfass
Valley, AID he Nos ard SCUM fOrks u ne American
RiteY Auburn end faDua more tnsu sus's4-s 10,
with increased confidence that we anticipate mat
Az lspecuOa Of the machinery now cOnp etff BY
hesgs PecHrs and Smith by competent judges c<nhrEs
he pniCu snail be- ~ Work a. ie4s. iJry tas
per cay The conclusion seems thereJIe snOst iresft-
abe that every reasonable anticipation VIII BE- realized by
he c0upeny VIZ forty would b. 90 90 be II SC
plocre 500 d0ars per day. Or 800 fJr SO
days allowing $3.50 $40 for al expenses Of wOfkog and
ts1 e &C sn0 Oui hundred per cent
r. civide poDg the sfoeE h0oe vet snou1 rssza-
non recuct even quarter Of lhai amount resgt
which by means suppose probable the Drohis wDlf
T eycfec cry oiher eGterprze N which capital could DO
invested vi o 60 equa' degree Il security
havrg taken this general survey u the subject OF gold
urirg we would present sucrn' view OF me history,
pfrsct como. ION ard pTosgecus 81 our own elite Prise
% STA NDy-f Der d f cicllar Wa PUBLISH 0 sIF-
iIR hf-f s.atnen ci i- operations OF als company
alc l-r.ral rrw 81 fs position. az Cher -t.e % WIZ
clff.1r uf3ef avug -t9f iad nJ A. t-r,
Lssuslt III Al.ltfs hat a. 10 e. iloniLs