New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-29


SIR: A communication published by you under the
caption while stating many truths respecting the Ods
opnand Of dsposDg Of wildcat mines does perhaps
intentional injustice to the interests Of the mining community
and trust that Justice will induce you make
for few observations in relation thereto.
II mines Of real value be had at nominal fgures and
il individuals possessed sufficient their thorough de-
veopment any designing embark in such enterprise
would be foolish to invest without qualifying himself for and
giving property In question thorough personal examn
alton before purchasing and not rs. TO the report Of
one But as these properties arc usually purchased by COZ
with company. Interests both before and after purchase
company is liable to be deceived by their examining
selected to examine and report particular property than
one to whom blanche gyen the mines OF
ssve become Tos With II NOT 70 mors /. 5s
subject least many evil influences in the latter
in the formerf Most assuredy an agent selected by
company mining expert should be either practical
miner experienced mneaogst and one whose honesty
this capacity undouhted The sending out Of men az er
pers superDiendenis whose knowledge Of mining to
20 be acquired after assuming these positions Is the
primary Of want OF In many mining companies
Assuming that they honest they apt to be
humbugged or II the mine be really valuable one their In
experience In directing operations results in ertrayagant
pendure, when an economic management would produce
Many distinct elements be considered order to de-
eneS vSu Of n y.P s
is good bad investment for capital dependent the rich
Of oucroping width Of ledge location upon which
great depends of working ccntguity to
water and wood and distance from commercial centers
Godbearing quartz Odes are like the white naD very
certain. The outcropping contain that will work ut
the rate OF many hundred dollars per un but II Is uncertain
found considerable depths Is usually spotted the greater
portion Of the ledge being perfectly barren OF the three kud
of referred to- silver ranks next to copper In certainty OF
continuation and IL generally conceded that both far
less liable than gold Many mineraogists consider
them Ihaustbe when found In assure II there
investments made in undeveoped lodges how the
mineral OF our Territories TO be enonstrated That
hardy and energetic cluss Of pioneers termed poo lave
POI the means to develop the mines unaded While opening
lodges they cannot .ubrist op quartz though ~ eb What
with the expense OF Increased
rate Of subsistence the cost Of mining implements &c.
brdG II would be lmpossbty 10 develop those sections
without tho aid Of outside capital In this connection and
applies equally to most quartz sections prS-r may Be-
allowed TO quote the language OF emmett Eastern mineral
ogst who made tour through Nevada and mining Ter
ritores:
bat the eeA lack here capital There money Not
DOZEN Of the led, worked with vgor Thu far there has
ere scratching tile surface Tue hers all been
turned ~ TO The sight OF day viii they III Of means snk
deep shafts and build mills for crushing nve, the capital here
The majority Of those who hold claims here have dollar
develop the mines"
1t would undoubtedly be very gratifying 10 such men 10
ind parties willing TO prospect their properties for
reference contingent and boldly venture the aser
ton that company offering purchase lodges those
VIII have difficulty in making arrangements with the hold
Of az lodges they desire secure.
yet TO learn however liberal offer having been
made.
Before In the shape Of dividend be expected
from mine long tunnels have TO be projected deep shafts
sunk and expensive mills erected to crush the All this
takes aud time Those who sell stock In evoped
mines representing that direct returns be expected from
the mines themselves in few months Intentionally de-
cevDE II 10 the execution and net the rule II dvdsnds