New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-06-26

three hundred thousand, We shall probably send
Two or Three Millions of our people into Nevada
and our present Territories within the next four
years; and, instead Of making hundred miles
of the Pacific Railroad, We shall complete at
least one thousand within that period. The
Road ought to have reached the Rocky Noun
tains from this sde--also Humboldt or Reese
river from the Paci6c-bcforc the close of 1863,
beside having made good progress on some OF
the most costly tunnels and cuttings of the diff
cult region which separates Denver from the
valley Of Salt Lake. And that Pacific Railroad,
unlike any ever yet built, will pay fair inter-
est on all it need have cost when but hall
opened; that is to say: when seven to eight
hundred miles on this end and five or six humid
red on the other shall have been constructed,
either fragment will have as much business US
it can do ut double the charges OF an Eastern
road, while it will have added far more than its
cost to the value Of tho region it will have
,raycrsed or penetrated.
The world was always abundantly supplied
with mines: the problem is, how to work thcm
to profit. Thousands of quartz veins known to
contain the Precious Metals are not worked,
for tho simple and sufficient reason that they
will not pay. And working them TO profit or
loss is mainly question Of bread and meat. A
lode that yields $50 per tun may do very well
when Corn is 81 per bushel and Bacon so per
hundreds; bnt put the Corn up to So and the
Bacon to $50, and every pound of rock is
crushed at a serious loss. As yet, every tun OF
food and machinery sent Up to the Rocky Noun
tains has cost from $3.50 TO $500 for Transports
ton from the Missouri riyer, and not ono quartz
vein in twenty can be proftably worked at such
rates. On the other side, the distances IRON
San Francisco are shorter, but the charges quite
a. high. 4 Railroad m operation would reduce
them thrce-tourths causing thousands Of veins
TO be worked at profit which must now be
worked 1T loss >r not worked at all. With
the Pacific Road half built our annual product
Of God and Silver may he quickly raised TO
900, co. 900 per annum. yet produced at lar
greater average profit than now. And, with
the mines in such activity, il would be difficult
for the n.aiag.ys of the Railroad to steal enough
Of its earnings 10 bring the dividends to It's
stockholders below ten per cent. per annum.
How much Is 70 be gained by the new Mining
processes now challenging attention. We will
not here consider; but all miners are agreed IN
affirming tha: the loss by the present methods
is enormous. Not half the Gold that chemical
assays prove present in the rock is usually OK.
tracted from il; and the "iailings" or refuse OF
today working, being left out "a few years to
freeze and ,haw, get wet and be d'ied, &c.,
&C., almost uniformly yield large percentage
Of gold when roasted or crushed and washed
again. We cannot doubt that tho means Of
overcoming the obdurate stubbornness Of Gle
rock either have been or soon will b. perfected.
The great importance of our Precious Metals.
alike 10 Industry, TO Commerce. and TO our
National credit and solvency, will impcl us to
ustc. with interest The future development OF
our Mineral Wealth: aud tho best and fullest
accounts o; il, progress will be sought for and
presented in our columns, as IA evidenced to-
deg. Othcr able and trustworthy correspond
onts Will ia duo time be heard from.