New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-18
LATE FROM ARIZONA.

TUBAC, Jan. %, 1860,
1he transit Of mails during the last fortnight has
beeu much interrupted by bad roads and frsshets,
cauled BY melting SHOWS on the mountain sides aud
hesyy rains. Two stages of the overland mail were
due'at Tucson when we last heard rom there. The
stage between Tubac and Fort Buchanan, on the
last tIiP. in attempting to cross the Santa Cruz,
within q quarter Of mile Of town, was carried
down st am by the force Of thecurrent, and horses
and driver were in Himine ut peril, but succeeded IN
making the opposite shore after thorough drench-
inc. Much more rain has fallen in this section
during the present season than usual. 1t seldom
rains excepting in the rainy season, and the fall Of
water in January sufficient to cause afreshet isqute
novelty. A general rain of only few hours dura-
tioR however, is sufficient to freshet here.
Th6yalley of the Santa Cruz, in common with all
thestrcams of this country, Is bordered b! mountain
ranges, from the steep sides of which the water IL
shed with great rapidity, causing sudden freshets
after every heavy rain.
party Of wild Pnal Apaches passed through
Tubac. few dnys since, with Col. Walker, the
Indian Agent They were on their way to For.
Buchanan for the purpose of holding cOnferenc
with the commandment relative TO the release OF IN
captive taken during the recent campaign. They
express much good will toward the whites, and 81
most elrnPs{ly LfcdlN Vi ptdCt. Lucy Cldlils
as usual that other tribes have done all the stealing,
forsWhch although innocent, they have received
thepunishment; and verify believe the klnd-hearted
Agent Is credulOus enough 70 agree with them We
nav now expect another treaty, which will be at
tended with no better results than the numerous
others ratified during the last several years.
The Recommendation of the Secretary-0f-War for
the enlistment OF a mounted corps, meets With
hearty approval by our people. 1t is what have
advocated constantly in your columns. In actual
battle with Indians, is more owing to indl-
vidual prowess and skill 10 arms than to discipline,
and in point of economy, great advantages would
accrue 10 the country.
The great mining interests Of this country are
sieadily progressing, Notwithstanding the many
drawbacks incident to pioneer enterprises in new
country. Although the capital invested in the sill
yer mines of Arizona during the last four years will,
probably exceed $500, 900, the results are, by no
means, commensurate with the outlay. BY far
The greater portion OF it has been spent in pros
pectng" and in learning the art OF mining properly
and economically. Up 10 this time no steam pow
er has been applied but several companies have
contracted for machinery, which is already shipped,
and in few months will be in successful operation.
The Sonora Exploring and Mining Company have
been reducing their rich ores since March OF last
wear and their bars form the principal currency OF
this country. No other Company has yet been able
To reach this point, but from indications, the re-
sults Of the present year will far exceed all that has
been done in the past.
The Sonora Exploring aud Mining Company was
the first Association organized for Silver Mining In
fbis country Under the superintendent of Mr..
[bas u. PostOn, OF Kentucky an exploring party
arrived in 1856 and took possession OF Iubac then
deserted preside garrison, and established the
headquarters of the Company here. The Company
was first organized with the capital stock OF
$I,OOc, 900, divided into shares of 800 each,
the principal portion of which was held in
Oh fha ceDifal dOuhad
the Company's Office removed TO Wall street,
EeW-YOrk and stock sold all over the
United States. After some months of explOra-
ton vein was found some % miles west of Tubac
which proved very rich, and after repeated assays
il was decided to abandon all the other mines here
fOfore worked and concentrate their forces on tn
new one, 10 which the name of 'Heintzelman
Nine" was given. Shafts were sunk and much ore
taken out: but slow progress was made, owing
chiefly to the poverty of the Company which placed
little means in the hands of the agent The fatter-
ing reports of the richness of the metal at length
attracted capitalists, and sufficient stock was dis
posed TO enable the Director 10 erect machinery
and furnaces for reducing the ore by the amalga-
nation process. This as / have already stated
was first completed in the Spring of last year.
The shipment of large bars of pure silver worth
premium Of per cent in the market, left no doubt
Of the richness of the mine. Now came the
gambling in stock. Having reached the paying.
The Director and he was left with large accumu-
lstiOn of local debts, TO shift he could, and to
appeal in vain for funds to meet the demands. The
capacity for reducing the ore by mule power has
been barely sufficient TO meet current expenses,
leaving nothing for liquidation of the many out
standing debts. The Director worried, the cred
itors blasphemed, and all wondered that funds were
not forthcoming. Parties who visited the States
Earned the true state Of affairs at last. Funds
were not withheld because the treasury was empty
but because, the Company having attained success
it became desirable stock, and the object was TO
iniure its credit cry il down, and depreciate the
stock when il could be bought cheap; choke out
the small stoekhOldsrz and make fortune for each
OF the lucky ones. Such is thu true history in
brief of our pioneer Mining Company The
citizei.s Of Arizona compelled to wait for their
money, all business retarded, and confidence de-
sir,g,d. merely because the leading men in the
management of the Company at home desire to
Discourage the uninitiated by unfayOrable reports
and induce them TO sell out cheap. In the mean
time, the COMPANY agent at the mines, deceived
b. ~ from the Home Secretary that large sums
wen. on deposit with the COmpaBy's bankers, has
made promises of speedy settlement of outstanding
dsbfs, looking by every mail for authority To draw
upon the Secretary, I'll constant disappointment has
aggravated some 10 an extent that endangers his
lie. Ii has now reached pass that he dare not
ride out alone for fear Of assassination.
w. learn from Sonora that on the 3Oth ut., the
Church patty had attempted a concentration Of
their forces at Tres the capital, with the design
81 oyerthrowing Pesqgera and his Government,
but the Liberals, anticipating an outbreak, sue
eccded in rendering their attempt a complete iall-
Az. ISO of their principal leaders, Garcia and
Gu'Een, were afterward arrested and shot.
lgsiaalos, at last accounts, both parties were
for RI nf