New-York tribune., 1869-05-22
OUR MINERAL RESOURCES.

PROM COMMISSIONER RAhMONDe D hEfohl'
The Report Of Commissioner Il. W. Raymond con-
4ains so much valuable and interesting information
tbot we have selected some portions for our columns
II opens with an Introductory letter to the Secretary
oftbe Treasury in which the condition Of the mining
industry in the precious metals is briefly reviewed
Mfr. Raymond's views are clear and positive. lie
says: an
The bulon product Of the present year is more dif
eult TO be estimated than that Of almost any prGce9ns
source OF knowledge the subject is taken away "es,
Fargo CO.'S express returns which nave theV T inns
the pfoduc; Of bullion the Pacific coast nave ISs. &
comprehensive character by the Of The
business Of Witch Is said to considerable but % has not not
been, 70 ny W ie hest authorities and such official
scf1Tps as can collect estimate the product OF the
ydSrSIa. Ea9S GGGnIy as $3.50 coo
Nevada itS0Oo other sources ioS0OS
RS9Soa t9a99 ofcsa 1oo6Ooo 900
of 5000 OOO from the product oflS67,
Will tbat OF the year before Montana Idaho and Colo
rado manifest saiiS9ctoIy @ 90 96 6 .SF d f 9
Nevada the beng due to the exhaustion of many
fact that the greaerpar Of eprO
duet from deep mining Is furnished by the same mines
This year as last year ana te year DCGrc 6 oninc
methods would result in greater stability or production
Tie Weld FROM placer mining he expected to de;
crease and its place must supplied by the cement aud
quartz The causes OF the decrease lh our
hon Of bullion may be summed up IN one sesenyo, Sc h @
Mining has found In too many instances 10 De UNI
profitable; and tie mdiyiduals who nave Iost noiTS &
iaye retired from the business III cera8 m ste ~ SO mn nm
iuy OF the Government 10 give bountes 20 DoisIg Up
mining Industry II that Industry Is by the nature V @ t
,u ~, Iu1,rrf lble one Yet il cannot be denied tlat
thc decrease uf the product OF EOlQ anu eNCI ~ t'
eTnmcnt at this nme aud 1t may well be n9uhea ihs
whether the causes OF II are IelneuaIo; ; tIo ao' 81
{be 6i"yernmen based upon just appreciation Of its
rsation 70 The mining industry will do away with the
800 Corccrniur tie extent of mineral resources"
b has never been told but those resources are but
ono factor which must be joined WIN labor ana
intelligence to make tile product wealth When the in
dustry Of mining in these rich helds IS Daseu upon
foundation o univ ersl law, ana shaped Dy 'ne manu- VI
educated skin, may expect it to become stately ana
enduring edce not mere ShE, Ia bcrT the poneer @
in our iar Western territory II has founded states at
ton aud IL has done this great work in lawleSs ana
careless way. without much regard TO the future Al
GeropS Gror sysemazed and cohsodated but the print
tte indnsrv remains in its primitive condition Esab
Ushnc everything else IL las not established ITSELF
The fiIst part of the report consists OF observations
pD the present condition ana prospects OF the mhhB
Industry. Inc qulcAsu'eI puslH0SS 10 'iuo 0Pi'O
mizcd: ,.-,.,..u g.. .,,..,,,.,o,, -.
S,ld Alnodeu nm SPAIN supplies the market OF London
snd large part Of Europe aud ships It's product as iar
tr0ed the great Chinese market but Mr. BultcrwOrth
shipping 10000 TASKS TO Hong Kong ana selling az taI
below the cost forced the rrshpment TO Spain OF all the
Bpaus quicksilver and the market has since been IN ms
hands The same tactics the part of Spain keep him
c TINS forced 10 divide the world between them
Tbe Eew.Almaden Company the only producer Of
quicksilver in California. and Is obliged Tor sell PIestNa
ton TO cccede combination with the NeWdiia ana
me RcdiuCton; and Is this combination which now
controls te production Of quicksilver and will probably,
Tor long time 10 come, prevent the successiu eslDsA
The oficIal returns show the product at New-Al-
MAIDEN for the wear 1868 TO have been 24 TASKS, or
LqlO2SG II. All other American quicksilver mines
probably produced IN the aggregate ABOUT the same
New and important things are said in the interest
tgFfI Mari ID
mime and Princeton people sketches are given, and
speaking of the former mine, Mr.. Raymond says:
The quantity Of lOwgrade ore sll III the reserves Is
immense and the amount Of mining ground not yet open
beyond calculation. The problem here, as everywhere
proces tGe Company expects 10 this successfully"
: The working results of the RyersOn on l,5OQ tuns
81 Josephine ore are given, and the ore which for
merly yielded 81 to IS per tun; is shown TO have
yielded S24 G6 by the new method. The Commits
siOneTs evidently dlsntcreSted report lustlhes eN-
pcctatlOns OF mOueIdJG success lOI IhI5 HcdNH
Speakins of the famous Eureka tHayward) Mine
of AmaduT Co. CAL he shows that at the time Of its
recent sale for about $4,000, II was paying Glvi-
dends regularly at the rate OF 30 per cent annually
on that amount, and adds:
20 ponder In the San Francisco market where the value
Of mines Is best understood the stock OF an active sue
oessful mine IS not tIiusicaly worth par, unless IL is
payTg i1 s M rot at the rate Of per annnn
t worth in cash. under the most favorable circumstances
The favorable circumstances" in this case con-
a
sears fcserreS iR eight, of known value. In view OF
these facts the folly OF paying large sums for ude-
Veloped mining ground appears eElqenC enough.
and illustrated with drawings. chapter on Giant
Powder and common powder presents the results OF
experience at the Oaks and Reese mines near Bear
las the veins are narrow, good deal OF hard country
rock blasted In stopping, aud besides ts II IS Necessary
TO keep driving levels aud preparing new ground IL IS
easy TO understand that these circumstances make the
and amaIgamaton OF this quartz are effected in the
beautiful enstamp mill belonging 70 the mine at an ex-
ense OF about s. per tun extraction costs $50
per tun IL IS In hard rock, Instantaneous for
common powder and especially in running levels or sink
ing shafts that instantaneous and powerful explosives
bore or leave large portion Of It standing. so much
labor wasted They tear 10 the bottom and act in all
directions without waiting as u were TO fnd the ne OF
With common powder daily:
Two shifts, 10 drers. at s95 strikers at y tOss2 20
Two fOTemen at $ll5 and 500 per mOnth..-...-.. 90
Powder, keg, al 90
Totai.....................................1o 800 co
Total work, los feet drilling with the large iiinch
With Giant II, powder daiiy-tho same number Of
Two shifts so drllers at 90 90
Two fOremen. as 90
POWdeT 10 pounds 81 60 less per cent for Il 8
Candles oO
Total.............................. si27 Is
Total work, 256 feet Of small Ilnch drlllng-cost
Sd% since the small holes with Giant powder do as
much execution the larger ones with common powder
favor Of the former This gain arises from the
fact that IN boring small holes, each man works by HIM
of small holes In day against s4 inches Of large holes
The other system where holds aud the other strikes
drilers have no time wasted in charging firing. All
that well cleaning out the stope 10 done by the
where.
The miners fOresee that this change reduces the neces
tlgfrg ard inf