The Weekly Arizonian., 1869-07-10
THE WEEKLY ARTZONAN
JULY 3....................l869.
0IR MINING INTEREsTs.

GuDlc TliDL IILG "OA Niil OA IA4C III
 in this locality, has been giving place to a spirit
 of activity and energy in thIs branch of in dustry. The unprecedentedly low rates atwhch
 government contracts have been let, and jhe consequent scarcity of money-in short, the present and prospective inactivity Tn trade seems to have had beneficial effect, by arous- ing the hitherto glulted contractors from the stupor caused by Saper-indnlge and caus- ing them to discover new fields for enterprise ofthe existence of which, in their recent dor mant state, they were utterly unconscious. AS yet this spirit is only just beginning to mani- fest itself, and to Messrs. Anderson, Stone and Lyon, the propretors of the Apache Pass mine, are we indebted for its resuscation. This mine, during portion of 1867 and the whole of 1868, was nomnally in the hands of the Apache Pass Mining CompaDy-a party without capital or organization. This mining company, or, more properly mining mob, was disbanded in the Spring of 'G9, and upon its ruins the present enterpriSing company started up, and already are about commencing work on a large scale The great richness of this mine as shown 5y recent assays, bids fair to give an impetus to mining enterprise in Southern Ari- zona That the various mines in this vicinity have long been neglected while yet their rich~ ness was manifest to all, is well known, and perhaps equally well is it understood whence originated this indifference: the majority of anti-miners contend that it IS utter madness to invest money in mining speculation while the Apache remains unsubdued; that capital so expended is sent adrft upon a gloomy un- certainty from which a return may never be obtained, or, if ever, only after length of time the outlay during the term. There is no doubt at all as to the great influence exercised upon mining interests within the Territory by the presence of hostile Indians; but that this in the only causeto which may be attributed the non~ development of our mines. however largely maintained, is an opinion lacking that support necessary to its establishment on fair grounds; as, until the present, no effort has been made SlQcc the late war tO lCf4EN "SiA t'O'' '-'-J O'
 ------- --,~--.-----. AA. fao'", YHtcu dt0 known to have well repaid the cost of labor in times past; and until an effort of this nature shall have been made andA@hdered abortiye by Indian hostility, we must continue to be- heve in the existence of other causes which might explain that which "Indian troubles" fail to do, to our satisfaction. We think that the principal agent acting to the detriment Of mining interests here, is successful specuIa- ton in contracts obtained from government Up to the middle of 68 there were very few men in the Territory who could give bonds, guaranteeing the fuGlment of contracts sufficient to satisfy the government, and con- sAquently these capitalists had their hands fill ofcontrasts at all times from which returns were ever quick and certain, Indeed it re- quired very little business capacity and very litsle troublesome calculation to carry oa this style of business and it Is not, therefore, sur prising that our business community was so very modest about enga ging in mining specu- lation. But complete revolution has taken
 
 ly dawned. There are no longer only few capitalists. Every man carrying on business i.ere at present (and the influx of merchants, {: on California and New Mexico, within the }ast year has been very great) possesses suHi- ejent capital to secure a government contract and the consequence is that instead of the few regaling themselves with the oil of fat contracts ,re now find several dozens of ye hopeful specu- 'ators wrangling over contracts of skin and bone.
 This strife to oJtain worthless contracts" is lust the class of dissenson of which the Terri 'ory stands in need. It is destined to throw tue speculative mind into other channels and asa matter of necessity mining speculations will suggest themselves. It is quite evident hat before many months shall have passed away, the work commenced, or revived, by . 'Iessrs. Anderson, Stone & Co.,, will find favor n the eyes of the many who, only couple of