Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-16

pres,isis more than mere luck Of location
OF occupation Even the first glimpse 81
mining IN the san lnar belt c1nvin,es
thr novice saturated with the popular
fallacy that silver X ~ plenty and eheap
A. dirt that this notion Is uniounded
| and erroneous
f'erhnp. q biz Of history and some rcll-
able statements Will show that mining Is
a thpnsand fold more hazardous than
even dangerous, difficult or expensive.
The San Juan district y representative
| Of al Colorado. mining, and equally as
| well, OF all silver mining on the continent.
| II has it, bright times aud It's dull. its
| fortune and its poverty. II Is perhaps
| the best possible type ~ the western
| silver mlne, through good times
AID dull. work has goup on below the
| ground with almost Impartial vgOr That
~ investment and development have not
been the result Of any famous bo0ms
Bnt for specific facts and brevity let
ny take into consideration but a portion
Of the San Juan territory the Rod Noun
tain dlstrict-whlch Is probably the rich
at and best Of that whole section. IL
lies south Of Ourny. II can be- said with
certainty, too. that the history Of Red
Mountain mining is the history Of min
Ing for the world. II anything. II is
rather partial witness. because there
has been less money spent 10 the He'd
Mountain region for what Il has prodnc-
ed than any other section Of Colorado.
Hence what II shows IN the line Of cost
OF producing silver must have II double
emphasis.
The astounding fact is developed that
every year there is almost as much act
val capital of money and labor put into
the ground by miners Us the value Of
silver which comes out Of H. This has
long been recognized as un undlsputed
fnct among mining mcn-nOue doubt II,
flnflN n hap
son 10 doubt or deny Il, for the masses
know u is only too true. The most con-
scry1tivr mining men place the cost of
each years output of silver at never less
than two-thirds whit it brings This
holds good both ior the normal prices Of
silver 10 the past, and for the present
unnatural depression. because when
prices were better there was more pion.
Ger development ON, more Outl1ys In
shaft-sinking and machinery. whereas
now the work Is proceeding In part an
that original outlay Horace Greeley
recognized the risk and cost of mining
when he visited Colorado in almost an
Other age. He said. Were q bushel of
wheat to be given to the miners for
every dollar of money and honest toll
til " cxpend in mining each year. there
N not wheat raised To cancel the debit"
Few think of this.
Now for the figures
All the glory OF Rod Mountain district
centcrs IN two mincs-thc Yankee Girl
aud the New Custom. When the richness
OF the region IL related, they furnish the
Illustrations; and a hundred other mines
are Incidentally and iunocently rated by
the dazzling success Of these two bonan-
zas.
The Yankee Girl commenced a peer
less career early In the eighties. was the
marvel Of the region ia is success, hay-
Inn AtYiHf.I pins.t i, flt. ,f1tfYl &C
S2,OOOOOO dividends In the interim.
However, size se2m5 now 10 be playing
out aud 1t is likely her glory has He'd.
The New Guston mine, limittSi, the
nearest urighbor Of the Yankee Girl, was
second 10 come to the front as a bonau-
~. Il is now by far the best of the
community. In fact, The othrgs are not
now clussed along with H. The New
Custom company, limited is the child of
an old Custom company that went the
way Of most mining flesh Mr. Totting
ham, nm Irish landlord and NJ. r., to-
grthrr with English associates, put IN
half q million before realizing anything
out of Il. Note that "a we go along
Halt a million sunk IN the hope of get
ting somcthing-not with any assurance
of u. The Custom ran from lSS2 10
1856 without taking out u pound of pay
ore II completely swampcd the old com
pnny Mr., Nottingham withdrawing from
financial ntr, while u sUn Ol ms, con.
nectrd with the old company, Is today
pounding a drill In another minc for his
daily bread These are mere lncidentals,
but their recurrence Is innumernbe
The new parties took the mine. rc-or-
ganized II as the New Guston. Limited
hazurdcd $4,000 more In II. and It began
to yield ore. From the start II has in
creased until one and a half millions
have been paid in dividends. This is the
great "gulcy washer" Of the Rcd Noun
tain district-yet il has cost since found.
Ing ON an average Of 20 cents per ounce
for every bit OF Nlyeryiclded The ho-
nnnza niue OF rich region paying 10
cents for ia product! -auitc a difi,Soncc
from the usual arithmetic Of the eastern
goldbugs who claim that miners want 70
or 10 cents product stamped with the
value of Il dollar! OF course, II the Gus
ton maintains 4 long life of usefulness,
little los little the average cost of its
product will be reduced; hut that Is some
thing no man can count on for amy time
nhcnd ore deposits stop short like sand,
or wntcr or rocl;hcds m the surface
the Yankee Girl has huctuated-why not
IN time the princcly Custom.
These are the pnrngons which have
given a stimulus to mining al Rcd Noun
tain. II Is tile hope Of repeating these
records thnt hus hred on the thousands
Now take gaze of the picture usually
turned toward the wall
In this same limited, hut famous. ter
rltory, the following mines have made.
and are making the following individual