Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1882-04-01

FROM DENHER.


As it is understood by all who are
in any way acquainted with the re-
sources of tie s ate Of Colorado, mi
ming IL the bssis Of oar prosperity.
But while mining is the chief source
Of income, yet we're all the materials
for glass, terra Gotta, parsr, pig iron,
steel, brick and limestone utilised,
the income realised through our m.
nips ressuIce would be bat little
grseter than the earnings of foundry
snd factory.
The Gunhison country. which lies
west Of the continental divide. and
southwest from Denver, has been
found to he very rich in gold and sill
yer, but notwithstan ing this, it
is said the greatest wealth Of this
country may prove to BE- in iron, coal
ard lumber. Several veins Of an
thracita coal been dis severed near
Crested Butte; and the lumber
trade has already attained to consid-
erabls proportions there. Up to tim
Der line the mountains are wood cd
with a fine quality Of spruce and pine,
and the rspldly flowing streams fur
nish the ssw-mill power. The coking
coal Of Crested Butte is nearly 80 per
cent, carbon, tribe better than the
beat Conrellsvills (Pa.). OF late, 100
tens FER day of limestone have hssn
shipped from a einGle quarry near
Ten Mile, Summit county.
II is an unfortunate fact that stock
companies have fallen into disreputs
among people of the East, as through
their msaas enormous gains are dis
tributed among a very large number
of pecple-the shares paving often
100 and 200 per cent, on amount in
vested-insiesd Of cent-sinR all the
wealth sInopg two or three perscns.
But as long ss swindlers and conk
denee men exist, the evil will con-
tinue. The objection, however, should
not BE- to tire form, but to the swindls
itself How to guard against this
evil, ani purchase the stock OF bona
fds companies only, is Il qusstioa for
which even King Solomon could not
lay down an infallible rule But
much can be done by the co-opers-
tion Of the intending purchasers by
enqairing into the general eoBditi n
Of the camp in wh ch their mines are
located, whs are the men who repre-
sept the mines and from what source
came their letters of Introduction
But even this will sometimes fail to
give the investor tho needed informa-
ton. And there is also O. strong
ohjsction TO tho Judgment Of an
Eastern nAan reQa,d ding the value or
Ron-yslue of tho property under con-
sidsiation, end tEat objection is bis
utter lack OF knowledge OF Western
ways, ideas, phrassology, and of the
mining business in particular. A man
may be good miner in one country,
and sot know shether the ore at the
bottom Of shaft in Ruby Camp. was
galens or lead carbcnates, or whsthsr
it was geode or bedrock. ONLY
practical study and exami nation
among the different mining districts
will enable { man to judge rightly Of
the value of his claim. Many mines
have been worked hundreds of feet
with profit, when the vein would sud-
denly disappear, and the mine be
abandoned bat after months Of ex-
pease and patient searching. it would
again a pear yielding richer and rich
er returns.
1t is currently reported, and 10
doubt often believed, that all the min
eral in Colorado has been discovered,
and that but few of the regions pros-
pected have been found to contain
the precious metals. It is shame to
our people that 80 gross libel is al
lowed 10 be perpetrated upon our
State. Net oue-fourth Of the moan
tainous regions Of Colorado have sv.
er been trodden BY the foot Of the
white man, but wherever pick and
shovel have overturned the soil and
rocks Of our mountains, gold and Aii-
yer have been found and mined.
W. /. A.