Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08

country in which it is mined is quite free
from iron deposits. 1 am going to use 1t
with some steel plates of American produc-
tiou in the manufacture of timed plate to
be used in making cups and other table
utensils which will furnish the table at a
banquet which is TO he given early next
month al Chattanooga. 1t is banquet TO
be given bv a Chattanooga Steel Company.
at this banquet they Will eat their food from
plates and drink their champagne from COB
let's made from American tin plate, the
basis of which will be Chattanooga steel.
Tho Present Supply of Tin.
1.-The tin mines Of Dakota are not produc-
ing regularly now, but their owners [ be-
leve, are seeking some reduction process by
which the ores can be treated at a profit,
and when they discover this American steel
and American tin will be the materials out
Of which American manufacturers will
make American tin plate. At present our
supply OF tin comes from Australia and
from the Straits settlements"
Nh Niedringhaus had a costly experience
sa;ne years ago in an attempt to develop the
tin mines OF Mexico. He became the owner
by location, Of all but one of the immense tin
deposits OF Mexico and spent some S20,0 GOO
in an effort TO produce tin for the American
market at a profit He found, however,
duce the tin as it was worth. The lack of
water is the chiet obstacle TO the develop
1nent # the Mexican tin mines. The mug
gets of Tin could be washed out by the use
Of q strong hydraulic power, but as this
power cannat be had in anv wav the tin de-
posits of Mexico will never be made avail
able. Messrs. Niedringhaus & Bro. aband-
oned their holdings after two years expert
ence.
ST. Louis Went Itinerary,
Some wears afterward the mining crsze
struck ST. Louis. 1t owed its origin to
great strike" in the Granite Mountain
silver mine in Montana. The development
of this mine made millionaireS OF several
poor men in st. Louis and largely increased
the riches of others. Directly after this dis
coverv the mining fever struck ST.
Louis, and almost everybody, from the mil
lionaire to the hired man, invested In min
ing shares. The news soon spread through
the Western country, and large number OF
mining sharks foaJed into the city with
gold-lined schemes for pulling mined
money out ofthe earth.
a number OF companies we're formed, and
the fluctuations of their shares occupied
large share of the attention of the ''street. "
All of the newspapers established mining
columns" and employed correspondents to
send their mining news from many parts of
the West In the midst of this excitement
a mild-mannered man of persuasive mien
came to st. Louis and took up his quarters
at the Laclede Hotel. His luggage con-
sisted chiefly OF box of scintillating sam
piles, and his capital was an alluring smile.
A SpecuIator Sat Down Upon
This gentleman went among the investors
of the city of ST. Louis and summoned a
few of the wealthiest to conference at his
H.
terprise OF great importance, involving the
purchase of some enormously rich tin fields
in Mexico. The price asked was only s., ,000,
600. The prospective profits were limit
less. Entirely unconscious of Mr.. Med
Tinghaus' experience in Mexico, the
promoter summoned him, through a brother
capitalist to attend the conference. Mr..
Niedringhaus went. He listened attentively
to the bland story of the gentlemanly tin
miner. When the other capitalists present
had been worked up nearly to a s., 000,0 600
pitch of excitement, Mr.. Niedringhaus arose
and said: Tin is worth 20 cents pound
Ii will cost you about 81 pound to extract
this tin and get it TO market These facts
can be proved. l propose to demonstrate
them in the ST. Louis papers Tomorrow
morning if you do not leave the city to-
night.
MIR. Niedringhaus is gentleman of posi-
tive manner The tin mine promoter did
not argue the question. He sand that he did
not care to DO business in 4 town where op-
portuDities to make fortunes were treated so
lightly. So that night he took his glitter
ing samples, paid his board bill (with his
own money, which was something he had
never contemp plated), and lett St. Louis for
the East. So Mr.. Niedringhaus' $4,000
experience probably saved a great deal more
than $50, 900 to the citizens of ST. Louis.
GEORGE GRANTHAM Balm.