, 1879-04-08

The est!ma.o thus mado prostMecd the astonsh::
tne f!Kurrs Of t5tloo: ooo. Tho amount paid
et aM .eas ot 5; IL Iouon
salary Of ef0 700 ycar, anu ass1stanta MI lib.
itum. It Was discovered alter making suycrat
csosseuttsgs that tlls main drift, accidentally
throughout md thas .lr orc ontsids was very
lttle better than ordinary, besides having tnanY
barren places. It Ii believed By muny trartteut
mucrA vim arc familiar with
TIE EMMA
TINT, even under these tlt.Gnuragemeuta, tse
nina could have been worked with Il moderate
degree Ut sl,eccss had 1t been rightly managed.
But, Instead ot slniccciytng the English stoch-
holdcra anl Informing them OF hc true contia.
tt0m Of slIe property, their representatives IN
Utah cndcavDred to carry IL along by making
reports a1'd derlnrln9 huge dividends. The re:
ault was to3Rl COLLAPSE.
There ia an element OF uncertainty in mining
speculation which charms Rrcnt tnnny peoblc.
parado1!cal tint fnen OF liltlo moueY shoud 10
80 nue', tsiurc willing to risk their all lhnn
heavy capitalists arcto invest fraction Of iftlr
foftunrs, but stcti Ia the case. Nearly every
man, or .was when be went into mtning. 'rabor,
Rische, Fryer, FIncrty, tho billions, nit! dozen
Others arc specimens Of the successful grub
wortns who hnvo been overtaken by sudden
pEDbpETlkft 4nEF liHu HUtNllls ~ lHfG8tf AlNt
consequently, nothing to lose. But since their
tin,o many men have come TO 1.eadvllls, bring.
Ing Will, them from $5o0 to $1,000, aud perhaps
haIf of them hare Hlado good broats. fllt
themselves H. iho camp so far is limited, a1ld
lhcy arc exclusively nEcn trom Ci'chEo. vt.
Louis, and Denver. San Francis :o' has ntbhled
uround the tempting bait, hut has dccllncd to
take tho wholu hook, wlile New York has Ee-
tnatncd steadily at distance.
1na CARBONATE MINE,
however, Is owned IN New York, while Detroit
has representative In tic tseld. 'fllese. ! be-
l!ave, aro t!le only exceptions. It should BE-
a1dc1 that Chicago ha1 by lar the largest dele-
Eatton OF any.
While thurs are many respectable business
mon engaged III legitimate mining, Artl also in
huYlny asl1 sclI!rg mines, there nre also not
tow III l.eadvillc who are cnEaVed tn swintill1lg.
Sharpers arc nlrcally OH hind to inVciate the ut,-
wary Into all kinds OF mining sehetnes' und to
turn to their own advantage the prevailing
"Lcadville fever" 1'lln ar. Ut srlIin. worth.
less mine Is ORG In which they aro thoroughly
ronsersant. OF course, In Lcady!1le as we'll as
In other silver mud gold Districts there aro poor
'ntncs a1!'l good oucs, unl tLcro aro so-ca1lcd
mines which arc not mined at all. It Is easy
enough for nnn to go out und dtC hole III
the ground, confer upon II a hf4h:soundns
name, md thcu take tlic train Tor Chicago or
New York md try to stuck It for tifty or l,ul,-
lrcd thousand. lsay it Is easy 10 try; might
Rdd that during the psasent excituncnt It Is
also dep1orabiy easy 70 succeed. Not often,
either, among the wealthy classes. but gcncratly
among those who ore unable to STAND a loss. 1
might cite, as
A CASE IN POINT,
a scheme which Is before tho public to.dny. In
this Instance The mines tilnt nre offered for snac
location is so far ont OF the way Tint any one
| once lint tllcy cannot be made to pay. 1t 1nay
| be laid down rs an axiom that no silvcr'mlnc IL
Is moro than 200 miles from q railroad: Silver
| mining Ia entirely dlt1crent FROM Eod.mlnlng.
| The gold when found Ia money Itsclf, md can
| 10 casily transported. Silver, on tho othgT
lland, Is alwaYs fouul ln conjunction With
other meta!a which i'ays to pe carefully. asd H.;
+, boriousIy eliminated; bcstdes, 1t IL bulky and
| weIghty, and thu cost Of transportation 10 ut
/ small item. as have pointed out In previous
| lettcrs, thc advantages which Lcadylle has
over oiher silver districts nre, frat, the cxtcat
uhd richness Of the deposit, and seeond, thu
ease with which tho orc Is extracted. The quGs.
ttoa Of transportation Is still serious QUO, a.
though railroads arc pushing rapidly @ aS!osa
only Blxtysuyen miles from tho present railroad
terminus.
Hut it is not only IN taking holes in the
grouud, giving them hsgh.soundlng nalnes and
stocking them Ii, Eastern cities, that
TIE M1NlHa swiNpLEns
are engaged. A more fayorltc nlnti is for them
to take worked.out mine. or one tt1nt con
tains low-grado orc. This n1fords them wider
tleld Of operations, md Raves them from subse
! qucnt trouble. The usual method Is to secE
out the owner Of such mine un1 Induce hin
to toiu In tic scllemc, ur buy him out for
nominal sum. Having thus obtalnct control d
the property, +the nnxt step Is to havu It cxnm
tncl by IN "expert.n 1t 10 probably not kuowt
Of dreamed Of In TUG East tl!at shcse IRE nnInbr
Of men ia Leadylile holding rood positions
and being really experienced In mtling, VII.
arc perfectly willing to MAXI false or imperfcc
reports on mines, quits regardless OF the paopl.
who may thereby 6c embarrassed or fliDcd
An expert Is pnld from s10u to $500 to make al
examination Of curtain mine. Ils gocB thcre
flc8ccnds thu shaft, takes cupluus note
OF tue directions Of the drlfts, tile thpls
ness OF the mineral, ntlt tho extent o
tho workings. lie afterwards writes OUT a IT,
port, giving thcao facta With perhaps ! IL" word
Of colt'.nsndatioa. Tie mlne may 10 ent.rsl !.
exhausted, but he ls not supposed to say That
know IT. liz Is paid to make good report u,lt
he makes It, II there are any bad lcaturc
about tue mine he simply ignores tttcln.
With knowledge uf these facts
TIE CAPITALIST INTENDING TO INVEST IN LEAD
| VILE MINES
ought to be ab1o TO mike money. THIS sltve
dfstrict Is without doubt tho richest Ia tn
Vest and good mne here Is extremely val
| able. But TOO nluch caution cAunut Go oxEf
| piscd III Investigating the character nf the pruI
ertY which Is Offered for sate 4 pGraonn yisi
n1!ll inspection IL BY all means tho safest guar
ngaillst fraud. Next to tt!nt is the opinion .H
| ndyicc OF inrn OF kn0wn integrity And standing
Yhete are several Chicago real estate llr'ns repre-
seated Ia LealyElle, nnd theis word can te rclle
upon. u. E. W.
|