New-York daily tribune., 1866-01-03

s4OO to the tun of ore and the first two averaging from
a hafdozen assays more than twice that sum. VI
course but little has been done yet. but enough 10
demonstrate beyond all cav that our silver mines are
fully equal in richness to any TO be found elsewhere
In Summh County the result is the same except that
the ores are not rch but it is claimed that their
superior width will more than elualize the want OF
richness especially they richer than the ore OF
most silver lodes and the lodes are from two 70 SIX ee
in width yielding ore that average IRON slVo 10 so
per tun. .,.
But you ask. What are You now doing' reply
frankly But very little; except that the prospector Is
still prospecting and still developing his properly
which simply means digging hole from 30 10 10 feet
leep 10 strike iron and put II IN shape 70 sen. g,
Since 1902 there has been formed upon Colorado
property less than fifty stock companies represent
Inc nominal capital Of not less than $50 10000 W
these say forty have lad working capital OF rom
$50 900 TO S25O 900, beside large amount expended IN
machinery &C.. amounting to as much morei ana yet
there very few II any, companies tiat h"'o 10 Joi
made any dividends.
The reason Is apparent TO every one who VISITS Colo
rado and In nine out oi ten. Is sunheu up IN
word - miInanagement TwO-thirds OF these CON-
NAMES have found their mines needing cribbing ana
other expensive oulays, before they could be saely
worked Instead Of doing this at once, they have IN
most cases allowed the mine 10 stand IDLE, ana eN-
pended the entire working capital IN fitting up expens-
i've mill structures and machinery, Mt cost oi IRON
$50 600 10 500 600; which. when completed must stan1
idle for the obvious that they have not ponhd
OF ore 20 crush Ii is safe to say that WITHIN rdiOs
of ten miles with Central City its center there nave
been expended three-quarters OF million upon mus
and machinery-nue-ten of which are now rotting
and rusing In dleness because the WORKING capita. ~
used NJ; there is no ore TO be crushed and the mne
has been neglected until il requires an outlay oi severa
thousand dollars 10 begin 10 raiseOre Add 10 TINS
that these companies have, in A majority OF IN
stances sent out men rs suprlntendents "huSc
only recommendation seems 10 nave Deeh thc
negative one of being good for nothing ese-men
of the Fiz John Porter stamp whose utter worthies'
ness as mining superntendents is only equaied Dy her
inter failures elsewhere In short, sir tie lt Is not
in our mines but in their management that we arc MOI
today pouring into the commerce OF the world from
s20 OOG coo TO $4,000 go IN gold per annnn.
A word or two a. to saving the gold: Actual tests
show that heretofore we have saved to exceed 80
pu cent Of gold hence the great anxiety et m any
and every process for that purpose. SeEefhi are
now being put mp. One Ohe Crosby & Ihomps0nl mas
been worked for several days with the most gratly ing
results and ia confidently asserted TO be success
more than donbng the Weld Of gold at slight Increase
Of expense. This Is effected by merely desuphurNnR
the ore BY heat Another process just introduced ana
which ID is claimed has worked well. Il the AtNCteTi
which consists simply Of forcing tbe powdered OF.
through molten lead; the lead retaining the god ana
silver and the failing rising 10 the surice "hefe thos
are taken OF by fly wheel ,,
But The process 10 which al eyes ere now turned i
the smclha. pl0ctss. now being psi up At BACK hav
bv J. + Lvon 4 Co ~ an expense oi not less thhn
$1,000 ny this process il is cla.ed nat az ieSai =.
per cent Of the gold viii be saved at limited increase
of the expense The works nearly competed, anu
few weeks moro viii determine their efficiency. IL Is
needless 20 say that II II works ms u II expected 10 90
few hundred feet any good lode is fortune 10 us
pOsscssor. -
To show the enormous expenses Of mining here;
will iust give the prices Of few things needed ioI '
purpose; hboring men wsSss Ir rs ar beg 81 Goar
per 100 lbs s26. Batter VI p per ID ierI IRON ID u
~ cents: Pork. ~ 20 20 cent?. &c Potatoes ~ crh
per pound Yours, Sc. l.