The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-03-01
From sundAyS Daily.
]: POug10'''ii


= would lie difficult task tocomput,
!. ,,,n,ber Of millions Of Eastern and
s ~ capital invested in mines In TIN
.,.,n;t Valley or Butte mining district
rh. Alice, Moulton, Lexington, Mon.
,ans Copper, Colorado and Montana,
..,,.dorr and other companies now &C.
''.,;.., in the development Of mines and
wv. WV r..,,.tion Of ores in this district rep
90" nn, and can command twenty mil.
' '.., # least Of Eastern and in the case
:; ,,,e Lexington, foreign capital.
II Is to be presumed that stockholders
In sc to it that honest and capable
,,.u arc put in charge Of their MINES
Ind do develop them. Ifthis be not
.,,.. ease. u. it has not indeed in the Rob
;u.ou eonlany's mine in Colorado, then
IT,. Stockholders are to blame. But
y. mi, in Montana, and especially
~ TN. summit Valley Mining District,
-. he,ive that this is the case. Conse-
,.urntk when man who has the re-
.x.t md confidence of the community.
.ml 0 his sulxriors az well as his infe-
iors authority in Ills company, there
!, Mccarthy reason to believe that he,
i've h foreman, superintendent or what
moi will deliberately falsify rs to the
ro,iition OF his mine. An honest man
ip.,,ch ca.es will say the truth or moth
iu. Consequently when the managers
nd Superintendent of the Alice mine,
If example. say that the Slopes are not
Exhausted, that there is ore enough III
irh. in I'll: upper levels to last two
ears and keep the eighty stamps going,
md when they take other persons into
the ni,ic anil convince them Of this
,her. wo,.:.i seem to be no applicability
10 this district in the following remarks
Of the N'iiy stock Report:
"T:'c Alice stock has dropped, under
ur...at..n "i dividends, from 81 to 81,
a;u, on The whole it WAS y gesNl thing
:ur the camp that it did. 1t has taken
.o,ir o. the IicnSense out Of the lDe pie.
I j., however, il small thing to blow
..aHl. u i.en We remember that CalirOr-
,j,, has ,::iicn from :175 to ~ cents; that
;itt;. i'i;is!,u:y Was unlo,letl On the
ihli...t SD and lost the $lU as s.OI, u,
was .lu;lc. In all these cases too, the
stock ,u.a,,,.-l ln.c:,,!se the mines were
.l:tc.i. The Alice is as vet hardly
pI,.>,irctvd. Within two years the stock
sill hay. recovered and PASSED the nigh
rA price il ever brought, and on merit,
na OH i!,;.n;pulatiOn. Meanwhile the
,vt-' ack will have taken some Of the un-
.l,le >w'rl!in. out ni all kinds III prices
al Ht:r. and thus have benefited every
;,.!y ihui. trNt,.,t .ritft.
Ia "S,t-lacii" i:,ay have benefited
INIT. ',ut what about the Eastern pur-
.-,.:. at IS. who do not market ut
:uite.: They must now subsist upon
:,rtrii;'';"lns. no: tho most swelling diet
i, IT," wo.;.i. The poor Eastern man
>e.n,> I" tx chronically inclined to bell-
ri, Tie mining districts by submitting
20 a loss .; about 50 per cent. Of his in
v:>tn'e,t when he buys mining stock.
Tic Record of the past twelve months
has shown Il remarkably large number
Of such tellci.,CtiOlls.
LIZ; IT, hope now that prices have come
nearer hard pan b;,>is than ever be,
lore, AMI that whatever future ''swell-
!Ii=' takes place will inure to the benefit
81 the Eastern. mans sadly depleted
IHrkr,. He don't like to feel that every
time stock reaches any considerable
figure that it is an immense short"