Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-07-20
The silver Miae. of washoe and of

HE AhIYeE 4ulneH Ol w s@-0 ~
Mexico.
From the ''Talk on Change" in Mondays
Ala, we extract the following interesting
and instructive matter:
The low prices of mining stocks, even the
hest still continue, though all the letters
from Virginia City assure us that there is no
1screase or exhaustion of the wealth of the
mines. No reasonable expectation of find
mo rich ore has been disappointed during
,be last three months. Not only do the
mines promise as well as ever, but the man
agement promises better. The panic, it is
admitted, will have an influence to increase
the profit of mine owners. The price of re-
duction is to be reduced, it is said, from S25
to $50 per ton-a saving to the mine owners
of 20 per cent. This may be so much the
worse for mill owners and the workingmen in
the mills, but it may lead to the working of
much ore which otherwise would not pay.
II we wish to find out the probable general
result of mining in the Comstock lode, we
must look to the experience of miners on
other lodes Of similar size and richness.
Ward, in his book on Mexico, written In
1927 (forty years ago, in which period the
produetiveness has not decreased, says:
Mining in Mexico has hitherto been
confined to a comparatively narrow circle;
the immense mass Of silver which the coun-
try has Welded since II conquest CHum-
boldt calculates it at Sl,767 ,952,OOO in lSO3,)
has proceeded from few central spots, IN
which the capital and activity of the hrst
SPECTATORS found ample employment; yet,
if we examine these spots, we shail ma tnat
three centuries of constant producnVeness
have not been sufficient to exhaust the prln-
cipal mines originally worked IN each,
while by far the largest proportion Of the
great veins remain uneXplored. ms Is tue
case at Guanajuato with the mines OF Gaia
and Rayas, and at Zacatecas with those OF
San Alasio and San Bernabe.
yalenciana is a more recent discovery out
Mellado, likewise at Guanajuato,)
is supposed to have been the first mine de-
nounced in that district. At Guanajuato the
vein of the Payellon has been worked from
the time of the conquest, though 1t was only
in the year 1872 that it produced the famous
bonanza Of the Fagoagas. The mines OF
Santa Eulalia, in chihuahua, continued TO
be equally productive during period OF
eighty years, and were only abandoned at
last in consequence Of the incursions OF the
Indian tribes.
"The riches of the Real Del Monte can
hardly be said to have diminished IN term
of sixty years, although the difficulty OF the
drainage caused the works there to be sus-
pended" ~,
are not exhausted, nor are they near It. 1t
can truly be said that there is no record IN
history of the exhaustion Of silver lode
equal in size and richness to the ComStocS.
Washoe has increased more rapidly in poPu-
lation, and has within five years after disco
very produced more treasure, than any other
silver district. These facts prove the rich
ness of the main lode conclusively. Now
let US see what Ward says Of the distrlou-
ton of population. He uses the following
language: -,
Fwith the exception of the Capital, which,
as the seat of Government, derived Its I'M
portance from other sources, and the towns
Puebla, Guadalajara, Valladolld and Oalaca,
which were selected as the seats OF the EpiS'
copal settlements of the country, there Is
hardly single town in Mexico that does not
derive its origin, directly or indirectly, from
the miners, while i'll like manner cultivation
will be found to extend in long line from
south to north, with occasional lncllnaaons
to the east and west, following always in its
direction that of mining diScoveries,) the
course of which may be easily traced upon
the map.
"The most fertile portions OF the table
land are the Bajio, whichIs Immediately con-
tiguous to Guanaiuato, and comprises por-
ton of the States of Valladolid, [now Mich
oacan,1 Guadalajara, Queretaro, and Guiana
iuato the valley of Toluca, and the southern
parts of the State OF Valladolid, which supply
both the CAPITAL and the mining districts OF
Tlalpaiahua, El Orc, TemoScaltepec and An
gangeo the plains of Pachuca and Apam,
which extend on either side to the foot OF the
mountains upon which the mines OF Real del
Monte and Chico are situated; ltzmiquilpan
which ows its existence to Zimapan; Aguas
Calientes, by which the great mining town OF
Zacatecas is supplied; considerable circle
in the vicinity OF Sombrerete and Fresnillo
the valley Of the Jarral, and the plains about
San Luis Potosi, which town again derives
its name from the mines of the Cerro de San
Pedro, (about four leagues from the gates,)
the supposed superiority of which the famous
mines OF Potosi, in Peru, gave rise to the
appellation of Potosi. A little farther north
we find the district OF Matehuala, which is
now thriving town with 1000 inhabitants,
created by the discovery of Catorce; while
about the same time, (the latter part OF the
last century, Durango rose into Importance
from the impulse given to the surrounding
country by the labors Of Zambrana, at San
Dimas and Guarisamey. The population in
creased in twelve years from 5000 to 10000,
while whole streets and squares were added
to its extent by the munihcence OF that for
tunate miner. To the extreme north, Santa
Eulalia, gave rise to the town of chihuahua
Batopilas, and Ell Jarrel became each the;
center of little circle of cultivation; Jesus
Maria is at the present day producing SINH
lar effect; Maponi, Cuencame and lndee, Ia
little more to the southward,) served to de-
velop the natural fertility of the banks Of the
Nazas, while in the low, hot regious of Sono-
"a and Sinoloa, on the Western Coast, almost
every place designated in the map as town
was originally land generally is stilD real
or district Of mines. Such was the case with
Alamos and Culiacan, and Cosala and FL
Rosario, and such will be found to be the
case with an infnity of other towns and vii
lagos scattered over the territory OF the Mex,
lean republic, which, but for the mines, would
never have been established at all.
In the fever of speculation, we may at
tempt too much, we may try to get along too
rapidly, we may pay more for stocks than
they are worth, We may undertake 70 open
mines where there is no ore, but Nevada Ter
ritory is destined to yield great amount OF
silver and to pay vast profits TO those VINO IN
vest their money with sound Judgment after
a careful examination of the mines.
THE London Times, of May 22d, says, In
rahn n