, 1880-10-03
MINING TALK.
Glimpses at the New York Mining
Exohange-The Men Who Have
Made the Money.
Sketches Of Some Successful Operators
-McCormtck, Dorsey, Chahee,
Elkins, and Shaffer.
From Our Otu,s Correspoaaent.

Elk1nS, and S1a1ers
From Our 0turs corTespoadent
WASHINGTON, D. c., Sept. 30.-The Boreel
Building, in lower Broadway, Is the .'Houest
Miners Camp" Of New York City. The mou~
strous structure itself resembles mine, with
its ramitcattong. shafts. cross-cuts. and the like
There are dens and deus In it, and there stands
at the door Cerberus IN policeman's uniform.
who may serve to keep the peanut-pedalers
aud the SheTiFs officers from harassnz
bankrupt SPECTATORS As entered the build
ing tho other Gay, tins guardian Of the spects-
lators' comfort inquired the name Of the person
wished to see. 1t is not difficult for d resident
Of Washington to find some person Ia that great
caravansary with whom he is on ealing terms
hasty Rlance at the enormous hlllettn-b board
enabled me, at hazartl+ soon to find name.
Wandering aimlesly through this vast building,
the first person that met was
"sILLY" COPELAND,
tor long time n Washington correspondent.
who IS now devoted to mines and mtutng.
Poiutin9 to little Office in an adjacent
corridor, the windows and doors ct which
were covered with a great variety OF
galt-lettered signs, the old journalist said:
There are great many dens In this building,
but the only honest one you will find is there,"
pointing to the one occupied by himself. This
confidence in ones personal purity han the
peculiar aavor OF Washington life about 1t; and,
by looking at the signs. discovered what may
be the reason Of the honesty Of that particular
''den." There was nothing to sell in it. except
4 newspaper. 1t was little corner occupied by
a mining editors desk, and OF course, an honest
eye may look ut the most rascally operations
That. probably, Is what the mining editor has to
do great many times dny IN New York
Turning down to another corridor, the d11t
familiar face encountered was that OF
"H1LL" snAFFER~
Shafer ia well known in Washington and I'LL
nois- The last heard ot him WAS as q success-
full mining speculator, whose operations had
been rewarded with q iarge fortune. Over the
entrance OF his offices there was no inscription
"Let him who leaves this place leave rold be-
hind: out It was evident that gold and silver
had been left there. The precious minerals lay
upon the table, upon the tnantelpiece, On tue
of rock, quartz, and carbonate, resembling some
what the howlders that we're being used In
making the repairs on the streets below.
No pent-np Utica constrained his powers. Most
Vermont. aYss." said shatfer, US be turned
from some books he had been examining with \
now to mines in Northern New England. There
Is great deal going on there now, and 1t Is
much nearer ho1ae, you KNOW than Colorado
"But is not the mining business pretty we'll
orerdoney.
!" mining Is only just beginning; but some days
tae1e Tiers IRE on others. 53;t Aaa b t9!d ed
Minins Iii % KING. who reDuked Journalist for stat
ing that his firm was worth $so,00o when
Fiood said, I'VE are not worth together more
An hour spent in the Boreei Building enables
one to gather considerable information as TO
the persons who have made money, or VINO are
r. kn4YA 1uf4A 4f3eAtv
in tho great mining movements OF the last
two years, ShaRer evidently Is o1e Or them,
although nobody was ready to state h1a hgares.
RICHARD M'coRM1cK.
formerly Delegate In Congress from Artzona,
ex-Assistant Secretary Of the Treasury, ex-
Cummissioner-Genernl to Paris, and ex num-
ber Of other titles. is one OF the Old washington
said to have made at least $0aooo, and ta have
this sum pretty well cleaned mp. He has
cats and dog 6nt the fssas nnK os 9ts h
lbs realized upon them. McCormtck has hith-
erto taken: very active Inter interest asa,1a ID
politics but h!s mining mini business bs 3s epis
summer, and he has had very little 70 % VIZ r.
the campaign. He is as suave as ever, out as
feep op lis % denied
faith, and is worse than an !nfdel. t ACTOR
mick married daughter OF Senator Thurman
houses % Ia block, tie other Of whicn is the Wash
inston residence Of Senator Thurman. The TWO
houses were connected By comn9nicasng ! doors ,s
as successful in his political aspirations
as bis son-tn-iaw has been IN mining.
these Two houses wona n';tc.l hage {o1oenc nssn
They @ we're the scene Of seaator Thuraan's
Washington campaigns. and have oeea me sl1ent lent
witnesses OF big gsasd tn 20 se tne honest
men Of the country denonnce him as polltcal political
trimmer for his reorea0cy to his SOUND principles
Of finance: and he himself has there wltnesseu tse
tho inRratitude Of 4 party to secure whose faFoe
be saceidccd the political principles Of life
tine. But the two houses will no longer be used
for ssp ns 92 49, aes
tend to reside longer In Washington, TRe honse
that has been dlTlded against itself in politics
seems not to have long endured
STEPHEN B. ELK1ess,
of New Mexico is another successful mining
have cleared at least <16oo,0oo. Elktus always
s ts5ass h5'sy hts Hs ugsss rssy
er be used to stand a the mouth OF hia IT, mine M IN
Colorado, and himself keep track OF ~ the ore
tass as5e cane oR R6as Ae said an od
na9ss than anybody.' Elkins seems to think
Ia ae hos %'aS sea lis New
he lives W in a palace. BE has meyer lost sight,
However. OF New MEXICO; and. II Congress : 81 shall
Elkins Will undoubtedly enter The race for tho
United States Senate. with great chance OF sue
ceSs~ The people OIL New 1Ae44cO Hou!0 nE sGAZ
,1nerateful # they did not make him United
States Senator, as he has done more to coll ths
ais@'D aistory Of that Eerrifory, and has better
represeuted its interests In Congress ana
IN he North, than any other. man.
EIkins has iarge interests in New Mexico,
Is well as In the mining country Of Colorado ana
ARIZONA He speaks and reads Spanish tiuently, u
and is q 3ue Spanish scholar generally. he ~ 8
young man Of tremendous energy. ana IS ,sf sery
stroug Republican IL politics Senator ba,ne tne
Stephen B. Elklns. E!kins, like NeCormlcE. Is
= son-fn-Iaw OF Democratic United States sen
ator.-Elkfns' father fn-taw being Senator Hea-
ry Davis Of West Virginia who 9.,;, has a Roooy
ury accounts, and WHO thlnks INA tnat
there is the trttttng deficit s:s ct M~ossm. SG-
mNiN0 Ia the United States 1feasufy-
Dsyis started life as Il brakesmau upon the By.
timore s Ohio Railroad, and Is now worth hfa
millions.
late United States Senator from Colorado. s
another successful operator In mines, althougn
bis wealth was 50 great before tue mining e.
citement began that 1t was not necessary
for hlm g have accumulated another
fortune ChnEee's greatest venture was
In connection with the Little PlttsooiE,