The Madisonian. (Virginia City, Mont.) 1873-1915, 1895-11-16

output for 1895 is estimated at $780,
600, 600. More than sixty millions in
excess of the best year in the fifties.
All the great banking institutions in
the world are loaded down with gold.
The bank OF England has more than
one hundred and fifty millions in it's
vaults: the bank OF France nearly five
hundred millions; the Imperial treas
ury of Germany nearly six hundred
millions and the treasury OF the United
States one hundred millions besides
five hundred millions in general circn-
latiOn.
Recent operations in the African
gold fields are of intense interest.
| There is one district called the Rand
it is q miles long and two miles wide.
In this district they are now working
$500 stamps this year, the product be-
ing thirty five million dollars; next
year the number of stamps will be in
creased to 5000 and the product will be
more than one hundred million dollars.
1t has been estimated by DR.. Hatch, an
experienced man in this district, that
the %aurifurous contents of this belt
will weld three thousand million dol
lars. At present there is a great min
ing craze prevailing in London and
on the continent. All gold mining
shares are on the rise: the people are
alter gold. In our own country the ac-
tivity is no less marked thar in Africa
and Australia. Prospectors ore in the
mountains every where: new claims are
being discovered and developed: new
mills being built by the hundred and
the general output enlarged all over.
Colorado will nearly or quite double its
production; Montana is largely iucreas-
! hers. Locally we may add that for
; Madison county the outlook is encour-
0 aging. There are many new and valua.
BILE mines being opened and in the
spring there will be no idle miners in
= Montana. AS an example it is saio
u that in the Bald mountain district or
G the Madison side about Pony, Revenue
and adjacent districts, 800 men will be
at work and on the other side Of the
range at least 400 more Ia and abou
q Virginia the work will also 60 on
While the Easton mill will close dOwl
for the winter the mine will still EN-
70 ploy a number of men. This is a grea
@ mine-having now it is said $4,000 ton
er OF ore in sight. The U. S. Grant an
a the Bell mine on Alder gulch and tn
Bamboo Chief have all shipped a cor
siderable amount of ore during tn
season, and the work on these and
n number of other mines in the vicinit
bit will continue when the spring opens
ia So that the outlook for Montana is pal
70 ticularly good for the coming year.
There is no possible danger of
dearth of gold, the whole world is af
err it, and they will get it. Before til
- close Of this century the annual pre-
r0 duct will be three hundred million
p and more. There V has been ]
Id the whole history Of the world SO niue
10 energy, activity and Intelligence dl
plaved in this direction as there is t
a p
:, day.
sh It is & possible thing that the d
N m~onitization of silver in 1872, mf
have been after all not SO great a di
aster as it has been pictured, and it
also among the probabilities that Il
J., increased production Of gold and Il
decreased production of silver 10;
bring the two metals down to the rat
- of 16 to l in this congressional Or 9th
no legislation.