The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-24

months of the present year.
The valleclo Silver Mining Company have for some
time past been engaged in the shipment of steam engines
of great capacity and other machinery active and
extensive operation Of their silver in Mexico The
Board of Directors is composed of Of wealthost
and most influential citizens and there is very little
doubt but that everything that capital, skill and expe
rence do will be done to place these mines in pro-
ductive condition, in the shortest possible time The
mine has had high reputation for the richness and
abundance of its metals in the early part of the present
century The yield of the mine very large upwards
OF thirty years sace when worked by the old Saniards,
who expelled The country in 1920 when the mine
abandoned Since then the old mine to the depth Of
245 feet been restored to its former usefulness
American association, at great expense and vein
penetrated to the depth Of leo feet.
The cutting Of the vein in this mine made it
from the increase of water to and
powerful machinery For the last eight months this
work has been under way and there is about ready
to ship complete cornish engine of $50 horse power,
cylinder 60 inches in diameter ten feet stroke and has
sufficient power to work the necessary pumps to the
depth of thousand feet and will discharge 500 gallons
of water per minute Two shafts sunk the vein
700 feet apart the depth Of $40 feet EACH and
muncation made between them above the water level
sy 40 feet from the surface The labors drifts have
been cleared of the rubbish that had accumulated during
the thirty years the mine lay abandoned The hacienda
reduction establishment has been coupled with mia
and all the appliances for extracting the silver from 200
tons of ore per month.
The new vein and the vein worked by the old Spanara
parts of the ven-ofshoots of stiM greater
vein recently discovered The assays been made BY
Dr. Louis Posset formerly Professor of the University Of
Heidelburg, Germany, whose reputation as gfsogst
and chemist is known all over Europe.
Prof. Posselts assays made q ton at time
in the reduction works erected at the mine. The
Ores following the classification of Prof Posset,
have been carefully analysed by Dr. Endern of this citys
and give the following result to the carga of 800 lbs In
this country speak of the yield of per bushe
by the In Mexico every thing calculated by the
carga Of 800 lbs, that being mule load.
l. Collorados mpregnated with blue silver $27o to 400
lbs
q Colorados impregnated With green silver 1924 800
lbs.
g. or black silver ORE 500 to 800 lbs. of ore.
4. Lead silver ore, 1858 to 800 lbs. ore.
When q mine is well opened, and all the works in
order, $40 to the carga win give q noble profit The
average yield of the Zacatecas mines do not give
$40 to the carga and the great mne Of Frisnlo has
long paid over half million annual pD6t-the
ores of which do not average S. to the carga
but there is scratching the surface
here; everything is done enormous scale.
The Mexican laws have been carefully framed and
strictly adhered to in relation mines mining The
the country it required well defined and faithfully ad
mnistered laws to lead to its encouragement and for
these reasons foreigners English particularly, have fear
lessy embarked in mining enterprises in Mexico Tho
laws provided That no individual stockhoder is liable
for greater amount than he oblges himself to expeni
in working the NINE No debt be created against
a mine but by duly authorized persons
The following will show the products Of some of tba
silver mines in MexicoIA Luz in Catoree leaves to its
owners weekly from s24 900 to $3.50 Its ores, Dr.
Posselt states very similar to the OF 'Jesus
Mars" fnd the mine is now regarded ~ being in poor
state Ihe ptpHts Of the mines Of Guanajuato may be
judged by the prices Of the (varas sharesevery vaa
is l24h part Of the mine, which s so high as from
s10O 900 to $500 900 per share somberec gave soms
twenty years ago. in about months clear profit
of Ave millions of dollars and in Xacatecas there is hardly
anime that has not had bonanza (rch yield Of sver)
Of some millions One mine alone, San Avasio, gave 30
foro the outbreak Of the Of Independence In few
years. fsrty five Millions and Gslego in the years 1879
to 1886 eleven Millions"
The receipts of the indianapolis and Cincinnati Railroad
Company during the months Of February and March,
1854, were as follows
February. March,