Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1895-06-05
The Revival of Mining.
JUNE D

The San Francisco Bulletin has the
following on the outlook for mining
boom on this coast:
The opinion that we are on the eve
of a revival Of mining on this slope is
shared by Irwin @. Stump, who has
Just arrived from the East. Mr.. Stump
is well known as the eX-manager of
the Haggin and Hearst properties,
and has now charge of the Hearst es-
tate. He was chosen for these re-
sponsible positions on account of his
notorious conservatism he is in fact
one Of those hard headed men who be
live what they see, and little more.
When such a gentleman says he looks
for genuine boom in mining in this
country. the statement will command
general attention.
His idea is partly based on the con
tagious character of mining booms.
There is ut this moment a perfect rage
for mining Investments in London,
Paris and Berlin Fortunes have
bttil lild'.t OUT OI the IifN SoItA Ill IVS
in South Africa which have been so
frequently mentioned in this column.
For fifty miles along the apex Of the
gold bearing reef at Walfnatersvand,
near Fredericksburg. the ground has
all been staked out, and locations
made. and though some ofthe locatOrs
have put more money into the earth
than they have taken out. others have
realized fine profits by working ore
which ran less than half an ounce Of
gol4 TO the ton. The advent Of South
African million aires is noted at the
European watering places, Just as the
arrival of Californian milliionaires
used to be reported twenty years ago.
From South Africa the epidemic
spread to Southwestern Australia, |
where fine nuggets have been found |
in the vicinity of Coolgardie, and a
promising mine which is known as
the Londonderry, has been opened |
eleven miles from that town. The
of the district in 1894 was reck-
oned at a million sterling. Here the
have encountered serious
obstacle in the shape of scarcity of
water, and it will take time to con-
struct the water tanks for the build
ing of which the Government of
Western Australia has appropriated
$4,000
In the meantime, leading American
under the lead of John
Mackav, d. O. Mills and Senator
Toues. are preparing fer the spread of
he epidemic TO this country. There
s more gold bearing territory in Cal
fornia, Nevada. Colorado. Utah,
and Idaho than there is in
Ill South Africa. and the mineral
which has been extracted is a. mere
ltom in comparison with what re-
mains. 1t has been figured that the ,
'ierra alone in this State contains as ,
much stored'gold as the whole of the
outh African Republic, +
A mining revival on this slope will :
e based on the new reduction pro- J
esses which enables ores that were r
twenty years ago to be worked
to-day. When the Con. :
'irginia petered. nearly twenty years !
go. ores carrying less than $40 of p
recious metal were frequently thrown r
pom the dump. Ten years ago in the q
asst days of Senator Sharon, an ore -,
arryiug less than $50 worth of gold
nd silver was generally supposed to
e worked for the benefit of the mill
wner rather than the miner Now 9
ne experience of the Black Hills
liners has taught us that SO ore can O
e reduced with profit, and that there y
money in ore which carries 81 and '
worth of gold if it is not too re- G
'actory The money of the future is j.
be derived from the low grade ore,
nd Nevada has yet to see her biggest &C
lining days. r