The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-11-09
AMERICAN GOLD.
Better Mines In the United states Than
In south Africa.

Better Mines In the United states Than
In South Africa
In your issue OF Monday last s. W.
Allerton is reported as saying: There
is more gold about Del1x)od than
there is in South Africa"
Many who have carefully studied Tie
history OF mining fcr the precious
metals In this conn nv as compared
with the same industry n South Af lea
are confident that Mr. Allert0n fas
stated an important fast. Why, then,
is not American can-al attracted TO
mining investme rts in this country;
as is English caDital IL kafiirland:
The oft-repeated lines in which there
is no less OF truth than OF T -sfry.
It's distance lends ench1ntmen' to
the view accounts for the popu'a r.ty
of the more distant fields: but TIE
capitalist who az lc )king for profitable
mines and not certificates of stock in
mining companies ought not 10 be de-
ceived by a mirage that has 50 often
been proven to be most disastrously
Elusive.
The ore Yields but an ounce Of gold
to the ton. but the new cyanide pro-
cess Of extraction can be used at cost
of less than even pennywelghts to the
ton. leaving a profit of five penny
weights" He meant of course a profit
OF - pennywe.ghts, as 20 pennyweigbts
make an ounce Troy weight.
/ can go to more than one gold mine
in the state OF Montana where thou
sands OF tons OF ore are in sight that
will ASSAY over one ounce or SIG to the
ton. or $3.50 less than Mr.. Mayors es-
innate OF the cost of treating the South
Africa ore Why then go TO South
Africa?
I have Travelled all over the state of
nj NfTaf M
than one valuable milling plant now
standing idle that will make the for
tune. and that right speedily, OF the
purchaser who realizes that IL Is large
bodies of low-grade ore that, with the
improved methods of milling, that are
every day being discovered. are to be
sought after rather than the pockety
and more uncertain deposits of richer
ore.
The largest gold brick / ever saw,
valued at s125. ZOO. was taken from a
Montana mine that has been sold three
times In as MANY years. II has ruined
everybody but the original owner, and
he still controls It, IL is not in such
mines that a large and steadily in
creasing income Is to be found, for
such rich deposits are never found, to
be continuous or characteristic Of true
fissure veins. They serve to draw the
crowds to the localities where they are
found. but more fortunes are lost than
are made in such ventures. The min
eral wealth Of the Black Hills and OF
the Rocky mountain range and It's
many spurs that run through Montana
is yet to be disclosed. but while mining
for the precious metals calls for the
same discriminating and economical
methods as coal or COPPER mining. from
the application OF such intelligence.
and care the rewards are vastly great
err. Mining, not dealing in mining
stocks. is lust as safe ana as certainly
remunerative an industry as any
strictly mercantile employment.
Now is the time for capitalists who
desire to invest in gold mines 10 make
their ventures. and there Is certainly
no need ito look to South Africa or
Australia for attractive prospects or
for large bodies of paying ORES. III,
Nelson in Chicago Tribune.