Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-28

Govenor Shepherd and out of which he is
taking great quantities of good ore. 30 far
he has put all of his profits back into his
mines, and he Is, 1 am told, developing
them on the same magnificent scale that he
improved Washington City. he lives in
The Hope of a Vast Fortune
IL the future, and is spending, 1t is said, in
improved machinery and fine mining furni-
tu-e what anv Mexican or ordiaary Ameri-
can would consider a fortune. About u
miles from Chihuahua there is a little
mining territory the size of an Ohio town
ship, OF about six miles square. 1t is
among the mountains, aEd In it more than
200 mines have been developed The veins
run down into the earth, and 80 of the
shafts are more than 600 feet deep. These
mines have been worked for nearly ten
generations, and the mines of Governor
Eheoherd are 80 years old. They have
already cost millions, ana 1t is easy to spend
millions in the development and furnishing
Of a mine.
The Count of Rega, who made so much
out of The famous mines at Pachuca, spent,
Il is said, s. 500,0 900 on his reduction works
Of 100 years ago, but he cleared $500, 900 a
wear out Of them for u years, and was so
rich that he had a way OF making his dis
tinguished guests walk on bars of silver
when they came to see him. 1t was
one of his descendants who founded as
charity the Government pawnshop of
Mexico and the original Count who began
life by driving mules, and who bought his
title for g cool million, when he struck it
rich. had the cheek to ask the King of
Spain to come to visit him.
He Would Plate the Walls
of his bedroom with silver if he would do
so. and that wherever he walked about the
place lie should have the paths paved with
Silver bars. Count Regla made an immense
fortune, and these mines are still among the
largest in the world Still on these very
mines some English capitalists lost millions.
They spent something like $50, ,000 900 in
developing them some years ago and got
less than three-fourths of that amount. This
YVES at the time that England had her last
great craze for American investments It
wGs about 80 wears ago, and they then lost
more than 500, 0O0, 600 IN Mexican mines.
They have a ss1nilar craze to-day which
extends 10 all kinds of syndicate enterprises
In the United States. They are buying our
breweries, our salt works, our iron foundries
and our railroads and the same is the case
with Mexico. A great deal of English
capital is now coming here, and though
they have been trying to swallow up
the cotton factories and other industries,
their chief investments have been in
mines and estates 1 saw an Ameri-
can at Silao, who has sold out his mines
near Guanahuato to an English company at
q big profit, and has held enough of the
stock to give him big thing out of the
profits if they make any. He gets good
salary for managing the mine, and is now
placing on the market a big mining zone
In Sonora on the West coast, which he has
discovered.
ReclRirning the Old Mines.
A great deal of capital is now going into
the redevelopment of old mines in Mexico.
Humboldt estimated that there were 5000
mines in operation in Mexico at the begin
ming of the century, and if the legends are
correct there was never so great q success in
Mexican mining as at the time when the