New-York tribune., 1872-04-30

town of Silver Montain but having been buiu sin os
for protabs work Intended to erect
new mill this season, with all the modern improve re.
ments Tho Sovereign, new English company, To
organized from the Imperial, will soon recommcncee ne
work The former company tunnel some s e
e odes Of the tho Her
sues and Tasss and must arsoS RIVER opposite the
mouth q Monitor Creek H !s o HSsnt fest in length and
still peggng away in the hard rock. full OF confidence Ill
Good Hone Mine. also on tho west bank Of the
Carson several miles below Bulona, has been deveioPeu
over Coo feet IN epg o .s TO s
1t capable Of supplying 90 ns per day pn. NJ aS
sbility Of reducing that quality of prontably The
improvements in metaIr 9I hg past e present
s Sas ySunGS Cnpsn ne the
market at $4,000 for working capal-nego,ao
being carried on through an influential san
Though the mines OF Alpine have been overshadowed,
lie canita and influence of San Francisco that could be
applied profusely lavshed yet thor deveiopens
than ever was shown in the Comstock Mines-eyen In
those worth tens OF millions OF dollars IN ,ns tns
silver iodes that win lead in extent and richness any
now in the mining regions OF the Pacinc: Wner1
Thousand dollars have been expended In deyeOpmeht
here hundred times that amount has heen hvesteu ia
the In no % paGS % e aees for cheap e
potaon OF ore as here. with WOO d ana water "nou
| limit. ..
Parallel with the lodes Of the mineral belt, ana
often in close proximity to them as in the GloDe Mne
are found copper veins Of fine quality The Morning
Star is situated miles to the north and east OF Mon
itor in the Great Mogu District 1t developed six
or years ago. and hundreds OF tuns OF good
copper ore raised; but at that time there was no
method by which the could be proaby secured or
tnhei Of 600 feet interseets the lode shaft
with hosting works was completed two years ago. ~ Is
owned by san Francisco company, who nave let the
mine lie idle for time, awaiting the deyelopmens
elsewhere to open method OF prohtaDie treatment Vi
The Leviathan Mine is about six miles north easterly
from Monitor was opened IN l0i as g2id ana sfGr @
pregnated with red oxide of iron, resembling quartz;
NINE nho Was the copper found instead having
no value at the time In 1907 Mr. Dorsett an EhgnSn @
worked It regularly for copper having taken out
S25O0 in value in the course OF opening out lhe mine up
TO The present time. Two tunnels lG feet apart have
been run into the sandstone, which is over 200 feet In
Thickness and third is about to be started There Is
tber Il IL opened The ore is red oxide and carbonate,
entirely from sulphur; the latter mineral undeIy
ing the lode, in nearly pure crystalline form; M 1 dhe -
vathan is under the management OF Prof w. j. kckard'
the assayer ana the ae Nine ei s yenw sSphuret
in the upper portion of the lode changing TO peacock IN
sps ana e aier gray ORE Experts
Visited Alpine say tho Globe copper is the finest they
TO SC for the cray variety, and with depth Increases In
bearing steam pnmPE ana 1o recent large ad
vance in the Eastern and European prices Tor nctic
copper gives additional value to tnlS re as o "'
| ties for reduction are of a superior CHARACTER
| MINING LAW AMENDMENT
| An amendment TO the Mining Incorporation act of
California passed its recent session. provides that the
boders OF majority OF stock in any company may pc
tition the Judge Of the County Court TO order new
election for trustees whenever and often said ma
| i)ry deem the interests OF the company 10 require
| change of management. AT such meeting oi STOCK
holders called. twothrds OF the shares must he rep
resented when 10y majority OF the stock the Old board
can be ousted and trustees and officers chosen The
operation of this law is TO break mp the ring system,
| he fCpll
Incompetent officers whenever any wrong doing or artl
dce becomes apparent in the MANAGEMENT, afordinG
degree OF protection not hitherto enjoyed II put
no execution days after its passage by Mr AvlnZa
| Harvard who owned a majority of Savage. hut had
! no voice whatever in the management. Under the
change eff trustees the stock than doubled in price
| at the stock Board.
| MINING PROSPECT FOR 1872.
II Is from the actual results" covering an immense
field of operations that have substantial basis TO
forecast the future OF mining The "prospect wears
most cheering aspect and the product for this year
promises TO be unusually large The Improvements in
machinery and processes the opening Of mines and
the erection of mills OF greater capacity, capable Of
| doing better work. warrant the prediction that our
from 500 oO6OOO to s1OOO6oOOD Capital come. is
coming to the expansion OF the mining business with
SO fully deserved. Faith in mining is shown by the
that the he c SaS aTs of sn rr All
their surplus accumulated funds in new enterprises
mining States and Territories and the Atlantic
States and Europe the flow Is already large, and steadily
|
Says London paper. The Mining World: "The ever
increasing spare capital Of this country Is constantly
mining oefs falrer chances Of larger pro It only
natural it should claim large share OF attention" Says
doubtless be the important for the mining in
terests that we haye ever had in this country All
and all the business connected with an industry that
To mining and mining operations no cold shoulder
should be given There is no pursuit which offers such
great inducements and pays so well as mining legit-
natey carried The Increased interest is due to
| cent developments, more efficient Management,
cesses Tor the extraction of metal, and the In
! PRODUCTION OF both foreign and home capital.
| Gold and silver must come. and mines must
There never was time in the history OF the Pacific
coast when mining was so prosperous as now This has
in the mode Of mining. Tie time when labor, unaided
soil, has passed. but the time has when there is
better profitable employment for accumulated
capital than in its application 10 the development of
! gold and silver from quartz" Again, says the
paper "Thc aggregate amount OF capital invested In
the s. leading mines dealt In at the stock B Board is sl
stockholders in dividends and have produced s5O00O0
bennen machinists founderies expressmen shopkeep-
omred wealth For these reslts fhe in
merely nominal. There is at this moment, better
investment than In wcmanaged mines, ard experience
has proved that no property is safer in the long rum
That these very successes viii supply the stimulus for
putting great numbers of fraudulent mines upon the
market, injury of incauons investors, to be
denied. Such frauds, however, incident TO every
business. Were there no genuine coin there would be
10 cOuutereits. As frequently before, would again
impress upon the public that due caution he used in
making investments. Yet when satisfied of the ability
nabe mines. no one should be discouraged because Oh.
saces encountered, that the most careful
cannot always foresee avoid Perseverance will
bc sure to win.
CLIMATE OF ALPINE.
Here, NJ Monitor, about 1900 feet above the
eaievrl New considerably affected by the
rarity Of the atmosphere, becoming "blown" by slight
nh g. "A few he