The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-08
the Exchange included $4,000 Of States and
5000 Premiums. There was also sale OF
5000 Of Consolidated Bonds (Crossman) at 81.

The trade and general business depression
In England 10 reported to surpass anything
we have had In this country. Food importa-
tions are increasing, and manufacturing is
falling away.
The Daily Graphic, OF April 8, has an inter-
esting interview with Gov. Tabor. OF Colora-
do, a young man who emigrated to that State
four years ago, and by his enterprise ana a.
gacity has acquired an enormous fortune
through his investments in Colorado mines
In this interview Gov Tabor refers to one OF
those ventures In which number Of our own
citizens are largely Interested, TO wit, the
San Juan Valley tunnel, which blsects the
several other locations, the Dolly Warden,
Red Rogers, etc. and must prove very pro-
ductiye OF precious ore, when 1t Is fully de-
yeIoped. passing as 1t does through each OF
the several lodes. The high appreciation in
which these several locations are held by Gov.
Tabor has greatly encouraged those OF our
fellow-citizens who have had the good fortune
to invest In them. According to the Graphic
Gov. Tabor said:
Then In the San Juan valley, have bought
IN the San Juan, Red Rogers, Saxon and Dol
" Warden besides some which have not been
developed. You hear very little Of most of
those mines. There has been nothing to bring
them before the people. Little money has
been needed to work them, because the ore
was taken out SO easily. handled near home
and no capital was needed Tor heavy ma
chinery None OF them have gone to any
and the whims have been worked altogether
by horse power. Tt has largely been the
necessity Of putting In heavy machinery
which has attracted 90 much recent atten-
It paid out s125,ooO last month, al
though large portion OF the product was
held back topay for machinery which we are
now putting In, and which will get out the
ore rather more rapidly than was done BY
horsepower. While this work Is progressing
but next month we shall take out much
larger amount of ore than ever before. ]
have seen the statement published that my
income from the mine last month was $685.
the whole dividend paid out. and Senator
Chaffee and myself divided equally 73-100 Of
the amount. Consequently we received q
little over $4,000 each. The mine Is going to
do much better than that, and. In fact, the
ore lies now n open sight t., AL we have to Dc
In Leadville for cash. It is one Of
the features Of carburet mining that
the working expenses are SO light.
There has been no necessity for. heavy
hosting anu pumping apparatus, Anu Inc eX-
pense 81 mining and superintendent Is not
greatly over per cent. We have been able
to take out by animal power all that could
thus far be advantageously handled. We are
taking large amounts Of ore out OF the Little
Eva, Crysolite and Carboniferous. which
purchased with Borden & Co. On Fryer Hill,
and to-day received q dispatch advising me
not to sell out the Henrietta, which | pur-
chased only the twentieth of last month, and
for which / have had good offer. The dis.
patch says: Are getting out plenty OF 100.
pound ore That b doing pretty well, and
think shall not SELL