Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-03-18

Remarkable Development Of the
Mineral Wealth of the United
states.

Remarkable Development Of the
Mineral Wealth of the United
States.
The San Francisco Mining and Scientific
Press has the following regarding the prog.
ress Of the mining industry in this coun
try
From all portions Of the great mimi
fields Of the country we are daily receiving
evidence Of the rapidly increasing favor
into which the mining industry is rising.
The most conservative and cautious people
are losing their timidity, and embarklng in
mining ventures with a boldness that sur
passes the operations of veterans of the
same ranks. All classes OF those who have
any money to invest look upon mining as
being paramount to all other means of in
creasing their capital. Neither age, sex or
occupation place any bar upon the actions,
in this line, Of individuals. From the
bootblack to the banker. through all the
Intermediate grades of capital; from the
corn doctor to the surgeon oil consummate
skill; from the constructor Of wheel bar
rows to the builder of the most intricate
steam engines; from the scullion in the
kitchen to the millionaire owner Of the pal
atial residence; and through every phase of
social life. from the lowest to the highest
all are swelling the grand army of stock
buyers. and becoming thereby co-partners
in mining property.
This is not to be wondered at when the
rapidly increasing yield of the mines is
taken into consideration. 1t ceases to ap-
pear like an infatuation when we meet the
daily records of new and rich discoveries
Of mineral veins. Were not the facts sub
stantiaied by the production Of bullion as
positive testimony, it might seem that a
glamour was cast by some magic spell over
the entire community. But ii Is no trans
tory vision, it is no evanescent delusion-
it is a fixed and permanent reality. The
miners pick is more potent 20 than was
the magician's noted talisman OF bygone
ages. At its practical stroke, from the
darkness of t.ie mine it brings to light the
yellow gold, the glistening silver, tlebright
brown copper the more ductile lead, and
the somber hued iron. 1t opens receptacles
of hidden treasures, that since creations
dawn have awaited its sturdy blows to
break away the easement that enclosed
them. 1t yields more power than did the
subtle spells Of the alcEemist cons Of years
ago. aud transmutes the crumbling rock
into bright, pure gold. 1t sends the I'M
~ NY a W - -
sion is extracted the noble metal.
And what is more remarkable still, is
the sudden and universal development Of
all this mineral wealth. The fields which
our grandsires titled are found to hold be-
reath the depth which their plowshares
reached, crops Of such exceeding richness,
that the product of a single acre would
thrice-fold pay the original value of the
farm. The waste and barren mountains
hold within their veins crops of more value
than the most fertile plains could ever pro-
duce. Nor are such instances isolated ones.
Everywhere throughout the country, where
the presence of metallic deposits were not
even thought of, rich yields are extracted
from the new mines that are opened. The
young men who left their homes in the
Eastern States, to join the gold seekers Of
California in the DAYS Of 40, have gone
back matured in years, and educated by
experience in practical mining, to see sven
at the thresholds of the old homesteads,
and under the surface Of the old farm
fields, mines that rival in richness those of
the Pacific shores.
From the Maine Mining Journal we learn
that twenty seven miles were recorded in
January and February of the present year,
the aggregated capital stock in them
amounting to S13, 500, 900. They are yield
ing richly in gold, silver and copper.
From the Carolinas, Virginia, Tennessee
and Georgia new developments are being
made, and many old mines are reworked.
From the galena regions new discoveries
are noted of richness in excess Of all pre-
vious ones.
From New Mexico, Arizona, Colorado,
Montana, Idaho, Utah, Nevada and Cali
fornia, the notices of strikes come SO nu-
merous and so frequent that only a passing
mention of the most important of them can
be made. Ore containing from 500 to
1000 ounces of silver to the ton is often
reported. There are mines that are put
ting out from 50, 900 to $40, 900 per day. II
the attempt Was made to name all of the
mines which are yielding over 500 daily,
there is not a journal in the United States
hat could find space enough in its columns
to do so. With such rich strikes and so
generally distributed as they are, it is evil
dent that the " mining boom" must con-
tinue to increase both in the investors and
amount invested, and in the yield from the
mines that has brought it into existence
and still keeps it in progress.
There is evidently a rich future in store
for our country from the product OF this
industry. It is now receiving an impetus
that will extend its production. Il has not
vet attained its maximum of output, and
from its capabilities of producing it may
safely be stated that it has only commenced
to display its power of yielding treasure.
II its real future could be accurately set
forth now, the statement would be deemed
a wild fiction or an impossible romance.
and yet that statement would not be an