New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-06-28


like but seem to tend TO scommon centre, az the
ouispread fingers do toward the palm Of the hand.
Some Of tine rock is the richest known in the history
of mining Last ycar in the Bode Mine Sl,lOO,-
600 was taken ont of small vein not half the size OF
the hallway Of an ordinary city dwelling The rock
averaged as high $500 per ton; hut ms mas
been surpassed by recent developments IN the sane
mine and large quantities Of rock have been found
averaging from 500 20 $4,000 per ton. An al
Joining mine the Standard, has been worked for
two years and the rock has averaged about 100 pei
ton In the Consolidated racine a quahttS 81
high grade ore has been discovered. Professor Sill
lirnan is upon record as having predlcted nlIech
years ago he value of this wonderful region Inc
company which sent him 10 investigate the ulslIlct
came 20 grief, owing To the mismanagenent oi tue
mines; but the great extent and the marvellous
nchnes. of the rock found during tas las as, wear i
prove his scientific forecast. He Is of the opinion
that underlying this region is "A mother lole' Oh
which the present ore-bearng bodies are only on
shoots or stringers" The rocks grow richer as theN
90 deeper. and the silver increases III Gnantlty.
There Is an extraordinary amount OF WORK Deihg
done in the Bodie region, and IT Will turn Out an
immense amount of gold and silver"
"Wbat other regions struck you as promising III
"Well, there is the Lake region in the
Sierras and not far from the famous Yosemite
Valley there are some sixty miles of out-cropplngs
which promise some day to yield golden streams to
the commerce OF the world. saw some very rich
rock IN the Mammoth mine OF that tas'ric''
LEAD AND OTHER BASE METALS.
llOSe are all EOlu-DedIlnE ltklOhn' N''' ~"
give me some information about the base metal
mines ~
Those are found further inland, near
Eureka, Tuscarora, and other parts of Nevada and
Utah. They generally contain silver ores, with a
large percentage of lead and other base metals The
low price of lead makes it Improbable to mine In
regions like Utah and Nevada, that are distant from
the places where lead is mostly consumed. good
part of the profit in mining silver has been from the
value of the lead found with it but there has been
Over-producion Of this metal in the last few years In
addition TO the lead mines proper the siit,I hues
turn out large quantity OF lead-m9re than !he
world can consume. Some of the silver mining
companies have immense heaps OF lead ore plled up
awaiting market"
of the world"
a grea, war would soon furnish a market, but in
the absence of that the revival Of business wonld
help it, for with better times will come new build
ings and the plumbing and paint involve the use OF
large quantities of lead. To encourage the mining
of lead an Austrian Emperor decTeed that all c0his
sbould be made of that metal. If lead could be
used for pavements, the thing OF houses ana more
extensively in the mechanical arts II would render
prosperous vast mineral regions ana make hundIeus
of base metal silver mines productive which are now
unWorked"
MOUNTAINS OF METAL IN ARIZONA.
Has Arizona a bright future before IT T.
eft lisa splendid mineral region destined in time
TO produce enormous quantities of gold and silver.
There are mountains of metal to be worked in that
territory. but people should be cautious about in
vesting, as Arizona has many drawbacks. Some
of its finest mineral districts are without
sufficient wood and water. 1t has no roads and its
only navigable river, the Colorado, runs in the
wrong direction. The Pacific Railroad runs through
Western and Southern Arizona; but II would re-
azure twenty branch railroads 70 utilize fully tins
wonderful mineral region. People who now invest
i'm the mines in inaccessible sections Will be dsap
pointed unless they can hold OH until the various
roads are opened. q,
" could talk all day about mines and mining
said Mr.. CTOly III conclusion, " but l would
Ike to impress upon the public the necessity
Of caution in dealing with mining shares. The
leading companies now offering their securities
i'm this market are well backed, and generally
have good properties. mere are some eNceIent
mines offered for sale. The danger is that the sue
cessful marketing OF the stock OF good and proht-
bic mine, will stimulate adventures 10 put bogus
and fraudulent schemes on the market; then there
are not proper guarantees in existing companies 70
insure investors against bad management: My
own impression is that mining company should
be so conducted to give better show 10 Tie
stock holders and that thorough reform Is needed
in the organization and management OF these cor
DOratlons Ii Is safe to predict that thTec-1Ourths
of the mining properties of the country VIII De held
in the East before many years are over, and that
the marketing of the shares will be in the Stock and
Mining Exchanges of Ncw-1Ork ; but there Il great
danger that public confidence VIII be fudtly shaken
in mining ventures by the misconduct of the officers
Of some o. the companies. If mnescOuld be carried
ON bv individuals small syudicates or business
firms there would be less waste and more money
great corporations. repeat that mining Is to-day
fine most tempting field for the investment OF new
capital but no prudent person should FISK more
than lac can afford 10 lOse.'