Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-07-25
THE MINING OUTLOOK.

A00OV VI ~ - aaFLa
THE MINING OUTLOOK.
Amid the general depression of bus
insss In most parts of the Union, it il
refreshing to find in the precious meta
mining industry . very different stat
ofaf1airs. The far West courts exami'
nation at present and desires nothing
better than its claim as a proftabl,
field for investment be closely scrutin
lied. And as success in any n line
Of trade is bound to infHse life anC
0 or less vigor in all others, the
present remarkable prosperity of the
Pacific coast mineral interests may
we'll be regarded as an encouragement
to respondent business men of the At
lantic and Valley States.
The harvest Of the miner Is a perpet-
ual one, depending neither on fair
weather nor plentiful storms. Let US
glance across the 1900 miles of noun
tains lying between Denver and the
Pacific, and see what is being done.
The inspection will have many ele-
ments of interest aside from the array
of figures which express the outflow OF
metal from the bowels of the earth.
The winter has been a long and tedious
one, and though now quite at an end,
but . small area OF ground is yet fully
under placer work, not one-fifth of
what will be in the next 30 days. This
branch Of our industry produces annu-
ally about one tenth Of the annual
precious metal yield, or between seven
and eight millions, and in an examina-
ton of the condition of the industry at
the present time Of the year much of
this important item must be disre-
garded. But what Is left makes an ex-
ceedingly respectable showing.
Nevada, tho Silver State, is pouring
out daily $l25 900 in silver, $75, 900 in
gold, 5000 In lead, and $4,000 in other
minerals, making a yield of $2l0, 900
daily, or 1858, O00, 900 per mum
California is producing daily about
$4,000 in gold, $4,000 in silver, $1,000
in quicksilver, 5000 in lead and cop
per, $1,000 in coal, and fully 5000 in
iron, anthony, zinc, and other min
erals. Its total yield IS therefore $751;
900, corresponding to an annual output
from It's mines of $23, $780, OO.
Colorado Is producing $4,000 in sill
yer every twenty-four hours, $4,000 in
gold, and 81, 900 In other minerals, or
$4,000 daily, ::eaual to : 1900 0 yearly.
Utah is credited with q daily output
of $4,000 in silver, $9,OOOin lead, $1,000
In other minerals; $23 5000 per day, or
$780, 900 per year.
and New Mexico together are turning
out each day $50, 900 in gold, 81, 900 in
silver, and 1900 in base metal, giving
a total Of Sa8 500 each day, or $ll, $780,
600 annually.
Footing these items it appears that
from sunrise TO sunrise the mineral
regions of the western United States
throw into the markets of the world
not less than 1884, 900 in pure bullion
aud 146,5OO worth Of other metals and
minerals. Each hour Of the "a is the
parent Of SIS 1921 worth of metal, and
each minute Of the hour the producer
of permanent metallic value to the ex'
tent Of about $3.50. With nearly every
tick Of the centennial clock at Phila'
delphia, . half-eagie rolls out of the
mines and takes It's place in the worlds
treasury, the contribution of America
to the worlds supply of circulating
medium.
II Is only by examining closely into
tho details of affairs that we arrive
at a full comprehension OF their signif-
canoe. The precious metal mining in
terests of the United States are to-day q
tremendous fact. The production Of
gill, 900 OF metal each year from a
region, tbres-Quarters Of which was q
bowling wilderness Is years ago. Is
something to be proud OF, and to won
dor 1t, andan argument IN support Of
the proftablsness Of the industry thai
is difficult to be overthrown. Assum-
ing, for the sake Of quieting those hab-
itual growlsrs who are contisuslly as
sorting that profitable gold and silver
mining il q delusion, that . billion Of
dollars have been invested by the
world In opening and developing the
West "a figure nearly twice the actual
facts) the investment is now returning
an aniual interest of over 10 per cent,
and before another quarter of a GEN.
tury is passed will be yielding from ID
to 20 per cent. No amount of outside
encouragement or disfavor can stop
the work or retard the industry. For
the first time in the history of the
world, mines practically inexhaustible
have fallen into the hands of a race