, 1870-12-05

tbe ptuAt&Ao Investment OF the& means |
tLe bt.s'nets Of reducing them to bullloo.
Recen u, An agent Of San Francisco capital
ls&s cana hlthef 10 INSPECT tbs DISTINCT thor
Lugh1v, and oshegs. a1so. with the visw OF /
employing upwards Of ! million do1l2xs in the
eEec,ic1. Of extensive 1eduetiau works. The
came party Ii no 10 Eezu Distk1ct. ~ith thi.
b favored By tins outlay Is uncertain !; bat |
The example viii be followed BY others. and |
all parts Of the State viii be incidentally
1be no.aschild Smelling worts, e1tensiye
- shsg m, nth the ha6 dozen smaller 1oEks |
in epe,ation In addition, aro bsrely sufficient |
fos tho work Of reduction in this ulstrics |
alone. The pzoan Of The bu.iness, when |
pi OF erly mAraged; asn very l1zga-conslderz-
bly mcre than 104 per cent Nhera fuel "a
e. esp there Is no difficulty in making even 20 |
Charcoal IL lot more than 50 cents bu,lsl |
L Ibis season, Ind L great deal Wa pus-
chaeed during thu eoumer for 18 cents- Wood
il Is Fer cord, delivered II the furnaces. The |
rr.ee paid for raiEmg and delivering the ore
has :, not been equal to oue-1iith its value -
The RothAchila Smelling Works have made
furnaces, and have started up suird furnace
within / faw dAys, 10 ~ to Afford N oppos.u-
nit5 for e1an ination Ind repair Of The first
tHo.. This is the long.st run ever made BY
sri tie r tusgenent Of tncse works, and for
the ihort nshre'H cf fhe workmanship exer-
ct-et in ileir construction, especially after 60
n.ant faiu1tr hsd PRECEDED sbe advent OF this
compAuy. Their SEPARATING aud refining de-
p.atment il ncarl, reAay fur \ commencement
uletel5 furnished a. is tho seaolt.
ing department. The method OF
ee partition gill la tha Halbaab
syEtcm Of 1nolteK zinc amalgamatiou, and
subsequent dissllssion Of the z!1c. This has
heen iound TIC meet Faptd and profitable Way
itc+, By the way. tnat lsfEe smclting works.
.re TO be imnediately erected 1t Omaha, on
tho Union Pacific Rs1lroad, With separsttng
works on tho Ba,baah system attaoned. Nj.
Leopold Halbaeh. nephew Of the Newark op-
orator, IL to be Superin' endent. Tho capital
II. H. Pier, Gen. Lowe, Il l. King, and &.
II. Mead are the Directors. The company
expect 70 reduce from sixteen to tRentJ tous
Of o1s daily. With these werks, and our own
It Hamilton, Eureka, Elko. PAlisade aud
Dream, the ores Of Esstarn SevAda will ba
reduced nd the metal refined II ves. rapid
rate
PKnAA.sEScf or TIE MINES or WHITE FINE
No better ev,denee of the present aud pros
pective value Of cur mines can be Afforded,
than the continual Investments Of foreign
capital IN tbelr development. The same Lon
the Eberha1ut and North Aurora mines, have
now negotiated for the additional PurchAse OF
,he Ward Beecher mine. adjoining the North
aurora. The Ward Deecner hls beeu for
| some time pset 1apidty increasing in value,
sna 'a h. H. nssn =. n m Rnse on he n,tket :ron
the total yield of the mioe fos ths
month Of Ostober ras e5o,0oo. Why
the Chicago operators DID not Cat hold Of this
mine is mystery. 1t Is in evidence that the
1,rop1ieto1s Of the Chicago Mil, or = part OF
| them 1t least. mAda strenuous eff1rts to pur-
chase it before the figures reached their pres
ent height; but the nonresident stockholders,
| or rather tho - resident in Chicago, could not
1ealze ,ts genuine value until it wAs too late.
The Eugllsh Company NOT h&se mining prop
etty on Treasure Hill sufficient to g1ys con-
mill Ut Eoerhatdt City, uoH being rapidly con-
rt1ucted. This property comprises three OF
| the bect mines oa the hi11-the others being
the South Aurora and Hidden Treasure. Bo:h
the latter keep two large mills running con-
stantly en- ore Of high grade. The Wa:d
tseeeher, however, now stands at the head OF
tie list
The radical difference between the American
and EuRllah sFsthul OF working valuable m ues
llas produced the result in these cases, and
viii cou,iuue 70 produce the Same consequences
IL otheth. Tho best mines in Nevada &nG
California arc already in tie hands OF Englist
capitalists. ~ slated in former commuai
cation, the difference consists in wo1kina
mines for mooerAte dividend, Instead Of fol
I'll extravagant riee in the value Of stock. Ths
latter is specits Of gambling with which tht
American people nte beset ia every direction
and. until it IL extirpated, or IN some way re
formed, the best mining properties will con
foreign capital, "a these have been.
- =.