The Dillon tribune. [volume] (Dillon, Mont.) 1881-1941, 1881-02-19


We are indebted to Mr.. LEATHER E. Shinn,
Of the New York Tribune, for copy Of
the Mining Digest for January. The pub.
lication contains much valuable inEorma.
ton in regard to the mining companies Of
America, giving digest Of a33 Of the .9o
having Offices in New York.
As it may be Of interest to some Of our
readers, we give the following extract from
the introduction Of the work:
"The year which has just closed has been
an eventful one in the history Of mining in
the United States. The extension Of rail.
ways to the southwestern portion Of the
Rocky Mountain region, and through Ari.
zona, Utah, Idaho and Montana, has open.
ed up immense regions abounding in min.
erals and precious metals. The mining
field has thus been rapidly extended, and
there has been a corresponding demand tor
capital to equip and develop the newly
found sources Of wealth.
In the older and better known mining
districts Of California and Nevada, many
mining enterprises, known only to the resi-.
dents Of the Pacific Coast, are now familiar
to the eastern public. untriendly leXisla.
ton and high rates OF interest have driven
many mining companies and prospectors
California to the Atlantic cities, and San
Francisco has lost its prestige as the chief
centre Of the financial operations Of mining
for the precious metals. The owner Of
newly found claims no longer turns west
ward to San Francisco alone in search of
aid to develop or to sell them, but makes his
way eastward to New York, Boston or
PHILADELPHIA, and even to London and
Paris.
The tide had already t,,~ ,.d In this ~.
rect;c,, a. the t;,,,., NJ H. I,i;st,,n ,,t ~,
Gr.t Nf;r;ng r1;.,ost ~ I1t,.,rorv hv th..
Tr;hnr.. i, H.. enr;ry ~ So 'Ih:t ,;st
o,w. sr.c;H. otfsc;.i ;nforr,st,o, c,,,...rms
H., .tl,,t -, ,;as .hs I,;,,..t ,,,,,,,
,,rsssn,.d ;nc,,,J..s ~, co,nn.,,;.s r.,,rs.
s.r+;n.. o,,.r = ~, ~ Nv, ,r,,,,;,,,, !,r;
mi Thsr.. ~ ho,.svs- .,,,ns ,1., ..,,,,ta.
Ma. ~ ,-,ors =. ";,,., cf;css T., No WI
The T,r,h,,,,s.,. IL. i1,i"ds. ,ho.s o,,,x tha,
hav. ,,,od.. S,r,,,ai ofs;c;oi rssnonse r. The
c;rc,,,.- ~ ,rr,,;r., :rh.r. a.. ~ d,,,ht
,nan,, ;,,rnr1snt ,,r;s.;o,,s .o,,. ~ ,hs
i"-..s. "nd S;.';d..,d ,,a..;.s, ,,,;ns. i,.;".
lii ,,,r..r~...n,sd ~. ~ S..;rsd d.,a;Is
1Ic ~. ~, c,,rnr.r;.. ,,,nr.. th,r tao"
th;,ds ,ss 90 ,.rnii.d ~, NJ. w. r..,;.s,
~. ,o,. W con,,an;..s h.vinv ,,fsc.s n this
..itv Nth *, .r,,,r.r;ss ,oca,ad in SAN
Erarc;sco n,oks a tot.i ,f .-o ore,.r;,a.
t;ors nov, e,,a.o,.d IL rn;,,iro cxclus;y.. ~
The ccrnorst;ens o~,,ar;,aa IL Roston phil.
a.ielnhia Chicavo and othrr r;f;e..
In Nnv ,S-o th,,.. ,v..rs c,rtv.txo d;v;.
dend. .nnviny mines INCLUDING conner ard
silyer: now there. are sevcntv.two or more.
md the list is increasinv Encourau;n,r
renorts ar.. received from many of the new.
lv opened gold mines Of California. from
the silver mines of Arizona Montana and
Utah. and great homes are indulued that
ere long the barren zone in tn. Comstu.k
lodc viii have heen nass.d and thar W..
shall hear az thu. onen;n.r of new bonanzas.
The. deem gravel mines of' California are ex
citing more attention. and several comma.
n;es have hcen formed IN New York to
work them. The total production of the
p,,;fc C,,ost nv ,SS, Is rennrtrd Nv Mr.
Valentine. of Wells. Fargo i Co. Express,
Is. Gold S,,..,,lS,: Silver. Saous. ,0a
total. S-,.s,7.sa6. This includes the re-
..eint. ~ ~ "3r;tish Columbia and the west
const ri N,xico" = = i ***
Il Is ~, ,at;f,;ny tn ohs.rv. the Increased
aud ;n,..i,;wsnt ,tt..nt;nn ,r;v.n hv the mos,
~. ~. loo,i;r,, ;ournois ~ III. country tn
thc n,n;no ;nl,strv The Naonitude of
this ;ndwstrv ;s 81 ,;r.at and the public Al,
81 yrncrally directly and indirectly inter.
ested IN it's develonment. that il becomes
unre Than ever n dutv to obtain and dis.
se,ninate throuyh In: agency Of the press,
the latest and most trustworthy intorma.
zion ~ ;ts nrouress and condition. We
nay. m sym,n,thv With the disposition
man;i;. sted by some to sncer at mining US
an occmnat;on outside Of the pale of lcriti.
,n,t.. h,,s;n,... enterprise. II is an error so
to ~ reward it. It is a noble productive in
dns,rv lv;ny at IN, foundation OF national
nrosner;,y and Il should stand side hy side
with agriculture in the estimation OF the
,.o,,,.. nth industries are essentially