The Lincoln County leader. [volume] (White Oaks, Lincoln County, N.M.) 1882-189?, 1885-01-17
A DIFFE RENEE BETWEEN OLD
AND NEW MEEICO

1T is dllncult TO learn some les
sons. One is that money put into
Mexican nines never yields any
return. And Americans continue
to deprive home industries of capi.
tai to be irretrlevably sunk N a
hole in the ground. A careful cx-
animation of ali reliable ObEa;nable
reports, shows that American cupi-
tai invested in Mexican mines paid
one cent ON the dullar, while there
is abundant evidence of serious
losses il, Mexican mining specula-
tions. The truth is, the Ameri-
can got there too late to find any
gold or silver. The Spaniards
were there three centuries ago, and
there is no people So expert, So
tircless and so rapacious rs the
Spaniards in search OF the precious
metals. The prospectors and min
era in California and Colorado are
simpletonS and idlers compared to
the shdrp-eycd, greedy and merci-
less Spanish advcnturrrs who ex
plored every hill and valley Of
Mexico cooval with the first settle
ment Of New England, WAC ElIde
the Indians their slaves, and tx-
hausted Mexican earth of it's metal
ic treasures lony before the system
of American ming was invent, d.
There is no gold and silver that is
worth mining left in MeXico.-Da-
venp0rt, (M.) Gazette.
The above is an illustration o.
the danger incurred by people who
write about what they know moth
ing of. The individual who wrote
1t doubtless felt glow of satisfac-
tion in consequence, and has been
doubtless commended by adm ring
friends as ignorant as himself, for
his "Conservative and timely utter
ance "
Now it Is n fact. that the greedy
and tireless Spanish adventurerS,
did no more than scratch the sur
face OF the Mexican mines. Per,
force he stopped when water level
was reached, having no mechanical
means OF dealing with it. Improv-
ed appliances have for many wears
utilized the enormous treasures be-
low the old Spanish workings and
which for the reason given were
wholly inaccessible to the Spanish
miners. For many years of the
present century, Mexico WAS the
greatest silver producing country
on earth. 1t is only within eight
years that the production of The
United States has equallcd that of
Mexico, and our present superior
ity VIC owe entirely to improved
machinery and application. Mex
leo with IL comparatively limited
application of these imEr1ye.I np
pin CO, m in;aia her pa
the second silver producing pLA
try, h.r ann lal utput f slSel
having averaged SO, U0o,VuO p, r
ann Um for MAI y years. There Is
no doubt that II a very few years,
the more universal application oi
improved methods and machinery,
will again push her past the United
States into her old place, as the
greatest producer of silver on
earth. And it so happens alsc,
that very many of the great mines
of Mexico are yielding their rich
returns to American capital
We will instance the "Jocuistita.
This is an old Spanish mine, and
esp,c tally one of those abandoned
by the SpaniardS, because unable
to handle the water. llaggIn and
Tevis of San Frarcisco pu 'chas d
equipped and manage it. 1t has
paid Sl,150, 900 in dividends to
American capital, in two and one
half years. The "Batopilas" is
another Mexican mine which has
in tour wears, far more than repaid
the original investment OF 'Ameri-
can capital" and investments of
American capital" iudiciously
made and controlled by men tn
whom mining is a familiar bust
ness. have paid better in Mexico