The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1880-11-24

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abundance OF material in store. which can be
drawn upon with a. much certainty as reserve
sources and the benefits 10 be derived from qn
active presence Of such abundant wealth,
is only question Of time Like the
human Intelligence and effort, mining has
had, aud doubtless will have. its marked
stages of growth and Development For time.
where present and mountain and valley, rock
aud crevice swarmed with keen and eager pros
I.ectors. searching. digging, testing 10 hnd evi,
dences OF silver and gold. Claims were located
by the thousand, and then, instead OF the legiti-
mate development following this movement, a
fur0re of selling claims for mines set in which at
one time threatened serious disaster TO the best
Interests of mining. Then came the era OF high
capitalization, and the California method OF de
Yelopment in the Interest of stocks, and stocks
alone Men have attempted 10 remove noun
tains in day, aud have Threatened 10 give gold
and silver into the ontstretched hands of those
waiting TO receive il without duly considering the
amount of time and labor required before the
treasure can be uncovered. Experience, time
and knowledge will remove the seeming oosta,
Giles to success and the great vocation will stand
in its true hght-known and understood OF all
men, t-a
LEADyILLE.
1t is about time that the true condition Of affairs
was made known in regard 10 Leadvllle. as a
matter of simple justice not only 10 Leadyllle
itself. but to the mining industry which II so
largely represents. For weeks conflicting state
ments have burdened the columns of
the Eastern press: unfavorable reports
concerning the prominent mines have
afforded much qualification to other bitterly
occurrence TO find in some local journal a letter
printed, and perhaps commented upon with con-
siderable pride, in which the returned prOdigal
in strongest terms denounces the region which
he has Just visited. and reports in glow
ing Language the, advantages of his own
mining center has been heralded time after
time; its great mines have collapsed so
often that that word has lost its significance,
aud mining in Colorado has been played OUT so
frequently aud persistently that there is a chronic
state of incredibly in the minds of those who
listen TO the wOeflil prophecies and on the other
baud. behold the constantly increasing mineral
rod ucts of her mines aud smelters. There seems
TO be perYeTSe blindness in some quarters 10 all
that pertains to Leadyille. Its mines are potato
hills and played out; yet. under adverse ma
nipulation, the daily output of few prominent
mines average over 600 tons of ore per day, and,
while the mines have been collapsed. the output
for the last ten months already equals the entire
product of last year. Ii does seem strange that
dead Leadville's collapsed. dug-out and
played-Out mines twill persist in spite of
every opposition. in going ahead of their
palmiest days. The reports from the Chrysolite
Mine and the Little Chief have been the chief
topic day after day in some OF the bantam dailies
For time the affairs of the Little Pittsburg Mine
were seemingly of more importance in some cir
Giles than Il war in Europe. Now, since its name
Is forgotten, except TO point moral or adorn
tale il is settling down into a respectable work
ing mine. While the great mines few months
back. for some unexplained cause, gradually de-
creased the amount of their production attention
was turned TO others less noted and the daily pro-
ductiOu shows a gradual increase. This proves
the fact that the life OF Leadvile does not depend
upon the manipulated product Of three or four
mines, while il Is more than probable that the
great body of her reSour ces has not been touched.
The leading and representative men in the
chief cities and business centers OF this country
will be found 10 be very largely interested in
mining. The merchant princes, the wealthy
bankers, the heavy capitalists, the healthy polti
n
Of business activity is represented by its ableSt
men in mining. which seems to be fitting crown
and supplement- to them all. But for the charac-
ter and weight OF the names now connected with
this growing and popular industry. mining would
have fallen INTO the gulf of ruin long ago, and
shame and confusion would have been the result
where now the solid foundations OF
great enterprise are slowly yet surely laid
70 endure Tor generations Boom after bonn
has been started by a certain class of YultureS.
who reap their harvest only among the ruins OF
disappointed hopes and the wreck of fortunes.
A lumber OF times an excitement has been orig
mated, which contained all the elements of n
first class panic, the explosion OF which would
have created almost universal disaster, but this
conservative element OF Weght-capital aud
shrewd business ability-could not be moved to
add its force To the avalanche Many times the best
Interest of mining has stood upon the very preci-
pice of a great disaster, which would have
delayed its progress for years, but the infu-
the hands OF wise business men has saved
it from the threatened danger, and
readjustment 70 q trner line has been the result
broad expanst and inexha1sIibie Stores of our
mineral wealth, yet we well know that noun
tain OF gold Is worthless without energy, fore
thought aud industrious application. So fai th
can be based in the ultimate success and peIIna-
nence OF mining largely upon the character aud
ability OF Its representative men, the great silent
majority. who. with prophetic eye, look far into
the distant future. and slowly. yet none the less
surely and steadily. plan, build and bend every
energy of colossal minds and giant wills Co the
achievement OF grand and mighty purposes.
coScLUsIoN.
What noble stroke for the welfare of
mining has been presented BY this Mr.
Newton. 1t speaks volumes in a short, con
else article, and to parties wins are contem-
plating gsing to Colorado for the purpose of
getting mine, l wish TO say, remember
that it takes money to bring mine into
production; andif you desire to make money
from your investment put il into some basis
now organized, as there are thousands of
discoveries of mineral veins, and the great
question of mining in Colorado to-day is the
treatment of IFS now discovered bodies of
ore and not what may be found. There is an
abundance of ore, and the most money is TO
be made in getting the precious metal out
of it. So far as am personally concerned,
would recommend an investment where a
Company was endeavoriI g 10 pr eecute the
treatment OF the ores OF gold and silver
rather than to making new discoveries. To
those that contemplate making such an in
vestment, | can say, so far as the Colorado
Cooperative Prospecting and Mining
Company is concerned, that it is the
purpose of this Company to realize on the
production OF its properties and the revenue
derived from the treatment of ore, and not
by the promiscuous selling of stock. No
stock is being sold by any memberof this
Company for such purpose, but the stock is
being held and the management are placing
stock that belongs to the treasury fund and
for working capital.
With this emphatic statement | hope no
man will place the Company / represent in
any different light, "a would not allow my
maine to be connected Will any other than
legitimate enterprise for the prosecution of
legitimate mining. @. o. PsARcE, "i
President Colorado Cooperative Prospecting
and Mining Company. I+I
indianapolis, November 20. t