The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-08-18
GOLD MINING IN COLORADO.

During the last five years, the almost tabu-
lous profits realized from gold and silver
mining operations in Colorado Territory have
attracted the attention Of capitalists and prac-
tical business men. Within the space men
toned the constant stream of gold that has
| flowed from the ports Of the Pacific has almost
entirely changed in its character. Instead of
the chance and uncertain results obtained by
washing and surface digging, which cbarac-
terized earlier operations, the mining labors
of the present day are conducted upon a prac-
tical and scientific basis, aided by the highest
efforts Of mechanical contrivance. Together,
these form system as certain and reliable
as iron mining and smelling in our own
State, which have for generations en-
riched the fortunate families of their lucky
discoverers.
The development Of the quartz mines of
Colorado requires the combination Of skill and
capital. Where these are employed under
honest management, the returns ore almost
bewildering in their magnitude. The daz-
zling dividends of oil stocks and railroad
shares are thrown completely in the shade.
There are instances in San Francisco of per-
SONS in the bumblest walks of life who have
become milllionaires on the original invest
ment of comparatively small sums.
Indeed, San Francisco is the great centre Of
the joint stock mining companies, and the
sudden rise of prices there is sent by telegraph
daily to New York, Boston, and Philadelphia.
In this city large amount of stock is beld in
such corporations as the Ophir, the Gould and
Currie, and the North Clear Greek Gold and
Silver Mining Company. The latter company
bids fair TO become one Of the most successful
and prosperous in the Colorado regisn.
Msjor-General JOIN A. DIX is Its President,
and he gives to It's concerns e thorough per-
sonal supervision.
Besides owning immense mines of un-
paralleled richness, it hes working capital OF
nearly half million, and is managed by men
of the greatest ability and experience and of
spotless personal integrity. The following
letter will convey some Idea ofthe enormous
mineral wealth Of that splendid region, which
is destined to perform its share in releasing
our pOsterity from the financial burdens OF
our present struggle 60 preserve and main
tain our UniOn:-
1 % |
| New York Dear Sir--l received your note lust
| as was leaving your city ior the West, and, in
| reply 10 your inquiry, / beg 70 say the property
| Of the North Clear Creek Gold aud Mining Com
pany, of which the Hon. John A. Dix is Presi.
dent, ranks among the best mining property OF
Colorado Territory, especially the claims Of thC
Gregory No. 2, the Simmons, and the Ground
Hog lOdes-all of which are extensively worked
and their value demonstrated.
"The Henderson Mills, now owned by thj
company, was in good running order last spring
and viii pay large pront on the working
| expenses, with ordinary management.
''You ask my opinion in regard 10 the erection
OF mills, gOld-saying apparatus, etc. With oul
| present experience, am in favor OF the Keitl
Desulphurizer and the Bartole pans used IN con
| junction, for gold saving, though an expensive
mill With your large working capital, you
could erect mills capable Of running 40 tons pc
| day. / think it very safe calculation % sa
| that YOUR claims will yield $500 per cord, equa
| 30 S25 per ton, and often double this.
"NoW mill should work AZ leas. twenty day
in a month, and ten months out OF the twelve
which 10 only two hundred working days ont 0
| the three hundred and twelve. Thus forty ton
per day, at S25, yields $1,000. Two hnndre
working days in a year, $1,000 per day, $780, 00l
| Allow one-half for working expenses, and 20
then have $1,000 in gold az coin rates. Wit
gold at 250, this shows ten per cent profit o
$4,000 900.
IMiiis of the capacity alluded 20 should b
erected complete in Colorado, even at presen
high rates, for less than half the working capita
your company has.
lodes opened down to pay, any good manage
s can work up 10 and long ways above my est
q mate.
J, "GhO, l. NICHOLS"