, 1888-12-13

who had also been in the camp, and he
declared the surface showing to be as
4ood as 1t ever was in or about Butte.
M. Pease will return in the early Spring.
When he went in about month ago he
was accompanied by A. l.. ScofieId and
Z Garrison Of this village, and the party
were shipwrecked on Lake Pend d'Oreille.
For three days they were tossed about by
the waves, and during this time his com.
panlons had ample time for meditation
and reflection. He declares he never
heard men pray for deliverance like they
did, and he almost came 10 the conclusion
that they were missionaries In disguise.
ihere was efficacy. in the supplicatiors,
for all reached land safely.
WHY LEAD is DOWN.
Colonel Tingley s. Wood, owner OF the
LILLIAN. Antioch and Benton gold and sill
yer mines, Breeze and Printer Boy hills
Leadville, Col, arrived few DAYS ago
from Mazatlan, Mexico, where he has been
to inspect q mine.
The American lead market" )" said Col.
Wood, In an interview, has been materi.
ally depressed on account of the admiss
OF Mexican lead, practically free Of duty.
OF Colorado, Nevada and other states and
territories have been forced 10 shut down.
Now this Is owing TO q recommendation
made by the senate COMMITTEES this year,
OF which John Sherman wes chairman.
lhe law up to that time required that all
lead ores from foreign land ahould pay
two cents pound duty on admission.
This meant that Whatever ores were
brought IN that had lead in them should
pay this duty, according 10 the amount
But according to the new ruling. un-
less the lead predom ineted over the silver.
and other metals which might be com bined
with It, 1t shonld be admitted free. Now,
II carload OF ore was brought up TO FL
Paso, Denver, or elsewhere for treatment.
and 1t was found to run $29 In lead and
$30 silver per ton no duty was to be col
lected. 1t was TO be known as q silver
ore.
"This ruling made the Mexican mine
owners think of scheme. II their ore
was not quite heavy enough in silver to
De admitted free they would buy a car of
lead ore and put it In with the rest to
bring the average up, and thus 1t has hap
pened that about $4,000 tons of such ore
has been brought In from Mexico this year
and admitted free that ought to have paid
duty.
miners all through the mining regions
of the West are interested in having this
corrected, and 1t is probable that it will
be done this winter. Certainly move
will be made that way. Then lead will 90
up, unless the l4,000 tons left over BY
Corwith, who tried to get up corner and
failed couple Of months ago, should be
thrown on the market. few years ago
there was such failure to corner
the lead market, and at the
time the Richmond mine Of Eu-
reka, Nevada, had 10000 tons ON
its hands. Whenever the market rose a
little the Richmond kept showing of lead,
and thus kept the market down for
while, but even II the Corwith $4,000 tons
should be put on the market in this way,
It could not keep the price down very
long, and must eventually assume its
normal condition.
when the ruling was made to admit
ores OF the kind have mentioned free,
the senate committee, not knowing much
about lead, has no conception OF the great
injury that must result 10 lead mining In
the closing down Of 30 many properties
and throwing thousands Of men out OF
employment. Now that the injury is seen
there is hope that 1t will be speedily REM
edied."
MONTANA DIVIDENDS.
Following is a list of dividends paid by
Montana mines from January l to Decem-
her 1898.