Dodgeville chronicle. [volume] (Dodgeville, Wis.) 1862-current, 1865-06-08
The Mineral Resources Of Nevada
Addresses Of Senator'S Stewart
and Rye.

Prof. Silliman has, after careful per-
sonal observation, declared his deliber-
ate opinion that in Nevada there IS more
Of the precious metals, gold and silver,
than has been drawn from all the mines
of California, and several Of the princl-
pie ore Welding countries Of the world.
An interesting meeting was held at the
Cooper Institute, New York, on Tues
day evening Of this week, at which adj
dresses were made upon the subject Of
the Mineral wealth Of the Pacific
States" by Hon. W. Fl. Stewart and
Hon. James W. Nye, United States
Senators from Nevada.
Mr. Stewart viewed the minerals Of
the Pacific slope not merely in the
light of individual moneymaking en-
terprise, bus as Of National Importance.
In order to liquidate the national
debt, the question arises where we can
obtain the necessary mineral wealth
with the least labor. IF it will cost less
labor to produce gold, then we should
prosecute mining interests. If it costs
less labor to produce merchandise, vita
which to pay the debt, then we should
pursue the latter end.
In 1850 there were $1,800,00O Of
gold in circulation in the civilized
world The discovery Of gold in Cali
fornia, followed by similar discoveries
in Australia and other countries, in
1850, marked new era in civilization.
The annual production Of gold in the
world since that time has been 5000, O0O,-
900, making total Of s3,OO0,O 100000.
Eighteen hundred millions Of dollars
remain in the countries in which the
ore has been obtained, doubling the
amount in circulation in 1860. The
probable increase in the production of
mineral wealth, shows that in 1880 the
amount of gold in the civilized world
will reach S74 1000, 900, 900. The aggre-
gate of gold in this country in 1880 was
100000, 900; the production between
1850 and 1860 was 5000, 1000, 900, max
ing an aggregate of $1,000, GOO, O0O.-
The mineral wealth of the Pacific States,
which abounds in gold and silver, sur
passes all other discoveries heretofore
made by men, the development OF which
will render our national debt, now bur-
densome, less than feathers weight
on the shoulders Of the giant. He
sketched the progress Of Nevada from
a barren waste to prosperous State.
under the impulse given to emigration
by the discovery Of its mines, under
which towns and we'll built cities have
sprung into existence.
Senator Nye followed and alluded to
his advent in Nevada in 1861 SIS Terri
torial Governor. The mineral resour-
ces Of the State were not then developed.
At that time there were three quartz
mills in Nevada; while to-day there
are one hundred and fifty. Then the
production Of gold was 100000 a
month now it is ton and half per
day of gold and silver ores. He spoke
of the founding Of Austin, and said
that two years ago it was SO poor that
he could not get man to go there to
take an office. To-day it is second only
to Virginia City. Last fall, less than
two years from its founding, it polled
nineteen hundred votes, and now it has
population Of twelve thousand inhab~
itants. Its growth Las been magical,
its beauty marvellous, its richness fabu-
lous. Nevada, the speaker continued,
contains more mineral wealth than all
the rest of the known world. The de-
velopment of its treasure is in its infan.
cy-it has scarcely commenced.