Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-03-01
PRODUCTION OF SILVER.
IN Interesting Sllilnlnt 0. lis Cost
Ia J.ah.
u. e. CHAMBERS TO SENATOR
STEWART.
The Former GIVES Figurrs Of What
H. aud O.aer, Have Expended
In Mines.

stewart received his data relating 10
Umh mines from Il. q. Chambefs,
superintendent. Of the Ouhri0nu4 Day
miurs. Nir, Chamber communication
was n, tpiiows:
Hon. VIM. NJ. stewart, Uul,oi states
SENATE Washington, u. &.
Dear Slt--You favor oi the nth inst.
uuly received, IA wuirh yuu ray thu,
"stR,umtntg have been no IIr by tue
Opl Dnent, Of lies coinage that silver
enu hU produced 20 a cost n from thi y
to my Ctnts an ouuUr." AMI what I
believe 10 he the average cost VI pro.
ductlun.
From general and varied exyeri.
oucc ~ silver mining duHus thr hast
tive ~ years, feel Justified iu assert.
ing that tot every uuuc- ul silver pro.
duc,d on the Pacific coast at least 81 30
las been expended Ia silver MINING.
A. q reasonable basis Tor tins assertion
/ have hai prepared. cAuct statements
thereto utinCne1) Of the coat Jl pro-
| uucing silver H. trU OutarI0 and Daiy
mines a. Park Guy, VI b., during MY
management both uuiO q AMI since IN.
! CO pOfauUu to un e.,
From lhcsrit will DO sran that nj the
OntafiU miuC the cost has been % ,.iU
| cents per ULuCr, anu ut the Day mine
" cents. iuv-c two mine, that, us
ulYidend payers, have maur rec Ird
that place them In n lid. Of Iufhaim
five or six great silver miuc tOdpy
upg rated In tho United Snt,s. For
each mine that makes n record as
good ~ these, there are hun1ftds that
barely pay operating expenses TO say
nothing VI cost VI piart---iud thUusHHdH
Of emHiicr ventures tuat havs not 10.
TUNED ~ for every SO cN pended.
In .ayini thia | am II / Using "riil.
! ttrlig peueflIitiu b" but Y ulgIug au
assertion capab.r Vt itl meet proc, Hl.
/ though 10 furnish 10 wogIu require a
considerable amount Vt time aud sN.
peuse Tor gathering aud tauuhuug.
Individually fur myself auI tuefs,
| have expended over II iDl,UJJ IN at.
tempting 20 nuJ yust one gOOI mine,
Hnd have wUrEci owe: a huudfe
| mines IN utan ana ldauO that have
MA iv ruun slg 4 returns that nnw The
| tJtai loss equals the uuuyg uamul sum,
anu IN ~ ., tho miucs At, nov prlrti.
caiiy abandoned. This eApun ituru H.
NOT inCiuGei IN tins OiArio ami Day
statements.
A. another instance u thr same
character, have in mind "a prominent
mining man la Titan, WAC some years
ago sold an Iutorost la mine Tor uVtr
Si,jll,JJl. HrtsH sober, indusiripus =,
| steady man, with NJ ,XtIavayant
| habits. A lew years sub.tqIGntly lac
/ iOunu himself "Ical brJke,O having
spent nrar!y every dollar In an At
tempt to hn1 another phylny property.
have obtained some statistics and
general lnlOrma I0I concerning IL lew
properties whose opera Ions have bcuu
Of suCh magnitude ~ 70 attract alton.
ton iu This Territory.
The Crtscyut Mining company, one
~ the largest mines IN Park CITY, has
been operated Tor about thirtcen year,
ami up ~ October 1855, has paid divi.
deuds amounting 10 SIS, 900, u SUN
not equal 10 the cost OF the plant,
leaving the purchase VI the property
uut VI the question. Since ls5s tue
miucs have Utsu operated ~ "a lUss, tho
Assessments having boon 100000.
attach u statement showing that
The loss Tor ls92 was S22,S72, aud thai
the silver produced cost sl.lI por ounce
! ON operating expenses alone.
Toe Anchor Mining company, o.
! thB snmc lOle as the OntarlO sud Daly
mines, hns spent over Sl,OlU,OUD for
| plant anu eXpensos, aud has produced
| lea I.silver ores. Taking the prJplr.
tiouate silver output, II Is iOunu thai
/ the 4ji 54i auucrs silver tuus pro
| duCoi have cot 5000, Os8. 81, or sl.is .
| per ounce. lns a-scs. uont, on tuI,
| property to date are SiSD,UlO, aud no
uividenis. Statemeut OF superiutcnd.
eDt attached.
There are other mir es In Park City,
which have paid small dividends
within tho last year or so, bat only
because tneir ores were OF such Guar.
actcr that they could br sold to hmel.
tiers and required no outlay Tor plant.
The above eOnprises the list Ul the
| larger properties Ia Park City, one Oh
the renowned mining camps o; this
county; and the Ontario and u ,ly
alone have, up % this date, made "A
| large profit. II ~ 10 ne notet in thuir
case that practically they have been in
pay ore continuously iIog the surface,
Rud have pnii every month more than
their o, Grating expenses the
only Instance VI the kind on record.
Outside VI those above mentioned
| 49,. A.. faI.I THs...t-. al. q
n'v '',r ,' tr ' ,, W. ~ lam hnu
| losers, anu | should estimate that not
less than s2,0Ol,OJO have been LOST la "a
smaller way anu through Individual
,"EnowIsdred vonIeI1nl min.rai 'r r..'
g,on. The Elm. ire expondoI about
| Slbn, 900 aud dId not take out sIO, OO0
| worth of ore, while the Alliance.
silver OUTPUT nus thus far cott
slO.5 Der ounce. pcr statement MI.
~