Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1883-05-01
QUARTZ MINES.
(Commnnicated.)

gradually, but apparently, surely work / !
ed more and more to exhaustion, ma
turs. always abhorring, and never per-
hitting vacuum in mineraI wealth.
and deposits, stretches forth her boun
teous cornucopia of endless and ex-
haustless mineral wealth Of all kinds,
in the everlasting hills and mountains
of Idaho,
''Rockribbed and ancient as the Sum-
Quartz prospecting and mining in
all the vast region of the "Gold Fields"
and Mineral Belt" Of the High Rock
ics,' embracing the area of central
and southern Idaho, can scarcely as
yet be truly said to be in its infancy.
All of those lodss or mines within this
area of country which have been de-
veloped, to any extent whatever, have
paid richly. even with the most unsci-
entific and rudest and crudest ma
chinery, and implements for opening
up the lodges and tracing the ore.
We confidently look forward to the
close of the present year as one deg
tined, by the memorable and inevitable
! fat of fate, to almost ravolutionize
the quartz mining industry of Idaho.
All that is now needed to give the
requisite impetus in this direction is
the advent Of capital sufficient to pay
for the necessary mill and mining ma
chinery and implements. The wealth
is here, as yet securely locked up in
the rocky laboratories of nature, con-
tinually saying like the silvery voice
which perpetnally spoke out of Mem
mons statue on the Nile in ancient
Egypt in the reign of the ancient
Pharaohs, "Open Sesame; Open Ses-
anne"
From speech recently delivered by
an eminent scientist at Harrisburg,
Penusy vauia, we collate the fellow
ing statistical information relative to
quartz mining in the United States:
an 1879 there were AZ mines in
GLIDING copper and silver) classed as
dividend paying; now there are y,
which are quoted as having an ag-
gregate market value of $72, 724, 652,
and which have paid total of S134,-
6I5,375 in dividends. Within less
than eighteen months these mines have
paid $40, 1894 ,695 in dividends, or more
than thirteen per cent. on the market
value of all the mining stocks of the
country.
During this period AZ old dividend
paying mines, which have current
, value of SAT, 55s, 902, have paid Sl2,-
529, 336, and the other 80, which may
| be called new, having a value of $24,-
195,760 have paid $7,s65, 3O9. One
, nine has paid 1875 consecutive divid-
: ends, and thirteen others have paid
over twenty dividends each.
"The mines have paid more than
twenty'seven per cent. on their pres
ent quoted values. &
]
"Of the l,341 railroad companies in
the United States, onl y sos paid divi
dends in 1879. The total capital stock
of these corporations is s2,479, 965, 945
and the dividends last year were 1851,
$40, or about two and one-half pei
cent on the whole amount. This does
not include bonded indebtedness, on s
large part of which default is made il
the payment of interest from year Il
year Twenty of the railroads LISTED
On the New York exchange have is
sues of common stock amounting a
par to 1894, DIG, $50, which, year agt
had quoted market value Of $l53,
97S,026. No dividends have been paic
on any of this stock for years.