New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-02

OF miners and capitalists by securing To susb oas..
an undsputed interest in localities for specified ana
when the conditions as TO payment for the usafrnct
are complied with, for unlimited periods and wbila
erecting this, with beneficial results TO them wopd
relieve the necessities of the Republic.
Assuming the national debt, on the lat Of Jn,,
1863, to be s778,0O0 0O0 the Commissioner says Tho,
tax OF some per cent on the whole Weld Of the
mines would, upon the maturity of proper mining
system, and when the same shall eventually 20 into
full operation, pay off this interest, enable The Gov.
Eminent 10 r!aee. by at least two thirds, the exsi.
ing direct tax, and from the residue and imposts.
have an annual income sufficient to support the Gov.
eminent, and provide fund for the gradual extinc.
ton Of the public debt and restore the currency to
metallic basis
The usual size of mining claim in the quartz
region is 100 feet the ne Of the lode or vein, and
100 feet on each side, equal to an area of 900
square feet; or say 200 claims to the square mile
Allow that only one hundredth part Of the mountain
surface is occupied by paying leads or veins, there
will be space for GOO, 900 CLAIMS. But Gov. Evans
Of Colorado estimates the already discovered gold
bearing region Of that Territory az afordlng ample
room for 100000 claims, and states tina! new die
coveries are daily increasing this area.
A glance at the map is sufficient to show that the
mineral region Of Colorado occupies less than one.
sixth of the whole extent under consideration; but
assume it to be One-sxth, there will be ample ex.
tent on this basis for 4,8OO,0OO claims which il
worked, would give employment to O,0000O0 Of
men. Quartz that yields Sl2 per tun will pay in ia.
forablc localities, but there are many veins now
worked that yield from $50 to $500 per tun and
come that yield from 500 to $1,000 per tun, vary
ing in different parts OF the same lode. Some Of the
recent discoveries are estimated. as high as $4,000
per tun, but these have not been worked.
Ia addition to the deposits of goldand silver above
specially alluded 10, various sections of this whos
region rich IN precious stones, marble, gypsum
salt, tin, quicksilver, asphaltum COAL iron "copper"
and lead mineral and medicinal, thermal and cold
springs and streams.
None Of these mines have been worked for a great
length Of tme except the lacers Of California, and
much the largest portion Of them comparatively
recent discoveries; yet 1t has been fully demonstra.
ted that the deeper the mine is worked the richer ID
the ore or rock. Mines that barely paid at the sur
face are yelling enormous profits at depth Of $50
to 200 feet. And when the geological formation Of
this region ia carefully considered will be conceded
that even tho precious metals must be found in
mas 60 and in position If sufficient depth shall be
reached.
The above estimate Of the extent Of the mines
may seem extrayagsnE, but it ia believed experience
will demonstrate that the estimate ID too low. Not
now, nor for many years 10 come because me popo-
laton is there but fact as the population does
reach that region the correctness OF these eoncll-
sons il is believed, will be yindlcated
Within the last eighteen months more has been
done 10 establish the position ASSUMED than all the
discoveries previously made. The coming year aud
q half will do still more.
The yield of the precious metals alone Of the
gion will not fall below 500, 00O, 900 the present
year, and It will augment with the increase Of pop
ulation for centuries 10 come.
The value OF these mines to the country IL abso-
lutely incalculable-to the Government they may
be made 70 yield in revenue just in proportion 10
tue number Of men employed in working them.
This year they should yield $40, DOC, O0J and would
do 20 under the operations OF well matured system.
The experience OF miners III those districts which
have been successfully worked has demonstrated
the prosperity, and, may add, the necessity Of d.
yiding the mineral lands into small parcels o.
claims.
THE GOVERNMENT RECOMMENDED TO HOLD
THE MINES.
This Office cannot recommend any measure for the
sale VI tie mineral ands, but would advise the re-
,ention of the fee in the United States and that they
be held open TO the free occupation OF all our people,
subject only TO ID nominal annual license, and such
monthly, quarterly, or annual moderate percentage
upon the product as shall be prescribed by law.
limitation as 10 the quantity which may be held BY
any person is also advised. with the guaranty tha.
such quantity may be retained so long rs the loes.
ton shall 10 occupied, worked, and payments dHly
made 10 tie Government.