Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-06-27
LOADS OF SILVER

LoAD. VI slLNEB
Still on these very mines come English capi-
taiists lost millions They spent something like
s2o.oOo.c 90 in developing them some years ago
and got out less than three-fourths of that
amount This was at the time that England
had her last great craze for American in
vestments. Ii about ffty wears
ago and they then lost more than $50 900 900
IN aexican mines They have a similar craze
today which extends 20 an kinds OF syndicate
enterprises IN the United States. They are
SuSihg our breweries. our salt works, Our iron
founderies and our railroads. and the same is
the case with Mexico. great deal Of English
capital IL now coming here and though they
have been irving to swallow up the cotton fac
tories and other industries thei- chief inv0t-
msnis have been in mines and estates.
NV an American at Silao who has sold out
hrs mines near Guanahuato to an English conn
pany at a 6-g profit. aud has held enough of the
STOCK 10 give him big thing out Of the profits
II they MAKE any. He gets a good salary for
managing the mine. and Is now placing on the
market bag naming zone IN Sonora on the
vest coast which he has discovered.
great deal Of capital is now going into the
redeN,i"pms nj OF mines In Mexico. Humboldt
estimated that there we're 5000 mines in oper-
Htion IN Mexico at the beginning OF the cen
Jury, and II the legends are correct there was
never 50 great q success IN Mexican mining rs
al the time - hen the SpaniarC.- were overthrown
and driven cut Of the country, ia ISL when
the republic was founded.
Al this time the most Of the mines in Mexico
OeAonSed L. thea During the revolutions
which folloued each other in auick succ. ssion
these mines were Abandoned They >ecame
AAisd with satsr and the nance and records.
and. IN met the very locations of many OF
mem were irst- Others of the old mines had
Rsaa very veil. until the miners struck wnter
The pumping machinery of the time
vas such - 20 preclude their being worked
further sno they have from time to time In the
past been abandoned such uines are to be
All yer H.
Mexico. AMI there are hundreds of men ON tbs
LOOKOUT Tor good ones. II Humboldts figure.
are correct there must be at least 2 600 n,ins.
yet ~ b reclaimed and the search for these i.
active.
kNERIckS ESrrRrRfsxa
number Of Americans are among the
s~shers. They talk with the Indians. look nm
the old Legends and now and then they ind
nine which hey can pump out with our mod
ern pumps and strike a bonanza lust
under the water. I met q Denver man who
ws going To mine which he had
uncovered IN TINS way IN the state of Durango.
ne owned ~ IN company with Henry X. VOL
colt and Kansas City man. and he told m.
49, we're making 10 pay. though 10 cost them
80 . ton b get the ore from the mines 10 the
ralroad AMI 20 the Denver snelters.
hs'r labor n having some trouble with
- o.a mile which he b redeveloping. He
coosnt an intere<, In the mine Tor go, 600 and
agreed 10 erect reduction works and began TO
TUNNEL through the side Of the hill 10 strife
sne vein IN that way. While they were tunnel
ing ne did % want his mill 10 lie idle
mo began stk On some refuse which the
owners haA town aside as not worth bother
ing about IL paid we'll that he kent At IN
and now % 70 -a,d that the original owner. are
making great fuss because he IL not working
90 she mine it.eii- The probability !. that
the matter will be settkd without from
bis, and that be will make a hig thiny
oat Of this mine - he has out Of 90 MANY
y Csaorsdo- The tact h that Mexican mine