The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-03
Silver
he ORDENANZA DE MINERVA" OF MEXICO,

THE "oRDENANzA DE MINERVA" OF MEXICO.
TO THE EDITOR THE NEW HERALD.
referred In my last to the mining ordinance of Mexi
co, Ut may happen that shall, by your leave, Mr..
Editor, do again. and promised Interpretation of
it would like to insert this ordinance, but am ad-
monished that the great press upon your columns
not admit of 1t. The following is synopsis Of its pro-
visons:-
First No individual shareholder ia liable for greater
amount than he oblges himself to expend in the work.
ing Of q mine
Second If shareholder shall refuse to pay his share
OF the expense, being called to do he exposes him
self to forfeiture Of his share but not until four
months notice from the shall have been served
upon him-and this is all the demand that be made
against him. In word, no one loses greater amount
than he subscribes for.
Third No debt can be created against mine, but by
mediately connected with the management Of the COM
pany, and then only for current expenses.
de0s
mine fail to pay back any debt due BY it, the mine It.
self is the debtor and the only debtor unless made
There is no individual responsibility, making share
holder liable beyond his voluntary instaments This
10 the subsistence Of the "Ordenansa dc Minerva" Of
An experienced miner, and one long conversant with
mining operations in Mexico, Substituting would never
ciousy guarded by the laws Of Mexico. The Spanards
who framed those laws, knew this full WE'LL and made
"
promised in previous number to write about the
enrichng productiveness Of mines when worked by
pitai science and enlightened labor have an article
on this branch of the subject but have concluded to lay
aside and give only few Of the results Of this sys
tematc working.
The mines Of Guanauato and the vastness Of their
productions are world renowned. Their enormous
yields may be inferred from the fact that vara
dhe one.twenty fourth part OF share) is sold
one to two hundred thousand dollars. One
Of these mines, / am informed on reliable
years, average Of twenty thousand dollars pee
day. No price can be set on the stock OF this mine.
Another mine Of the same name, in Catorce leaves to
its owners weekly about thirty thousand dollars. SOM
brereta known to have Yielded in the short space Of
seven months, clean profit Of Eve millions Of dollars.
(rich yield Of silver) falls short Of some millions
Real del Monte mine is yielding over two hundred
Lana vasio yielded ina few years forty milions
and Gsllego in the years 1879 to 1886, (sx years)
l could add many more but lei this suffice for the
Now it Is not my wish to be understood that these i'm
number that they have been stumbled upon by the IL
literae the poor and you please the worthessare
guided by science and sustained by all the appurenance
which belong to system arranged to embrace this great
object.
1t Is with mining for silver in Mexico or any where
else it is with efforts to compass other great and en-
riching ends As with great metallfurus regions in
nerest accidents as have shown, stumble on these
treasures SO in matters of trade and commerce. in all
their varieties some, under the rough and tumble Of
mysterious destiny, with as little skill no capital and
as little brains, and with no greater effort, become
owners Of great estates But this is not to be
sidered the rule but the exception. No fbustering
projects no coming together Of adventurer
any right to expect In their search after silver
in Mexico Whoever goes after Gods great gifts in those
regions, deep and widespread they are known to be-
and Astounding in countless millions must put on the
whole Of preparation-be clothed with capital,
with science skill, persevering industry, and undinch-
hbOr--nOt
pared, have not doubt-there is room for doubt
there can be such thing fail AMERICANUS