New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-18
PROSPEROUS COLORApO,
TWENTY MILLIONS or GOLD AND FIFTEEN hiiti'-
Hons OF SILVER THE PhnhAhth
YIELD EnIi lhlh.

"Wlll Ihhre ever Ne anNiheF mining haHi w 'his
G0nnTYF was The question asked Fesia'has w
Tnbnhe Reporter NJ w. " Ai0Ifai, rIHsilrhi w MS
flisI National iiank ~ benVefl ana ohe ~ 'hs
largest mina0Nhais N ihe United states "Must
aAsnfedly ihefe viii hen he replied "ani mat ioo
very aooni what either Industry offers ahph posi-
hllliesg The products NJ agriculture hardy pay
The farmer fof his labor, ami "a result falfoah
aninlnsa, Win few exceptions, are below ~" h'Vl
dend mark. while tho fierce competition IN manu-
features haa greatly reduced the mhfsln ~ pf"htH
Naturally The gold mines ~ the country hie NJ
tacting the attention Of wide'awake Investors
IN reply Ia Inquiries regarding ~" mines "t
Colorado their present condition and prospects Tor
tho coming year. SIR, Monat said TN" recent
discovery ~ the gold deposits At cripple creek ana
also IN the gold belt Of I.eadvilie. IN my oplh'
lon, viii exceed anything found IN ms country
since the days of california IN the way OF gold
mining and the districts mentioned ARE hardly
onened AZ yot ON Carbonate iilll. NJ i.endvillc.
tho Maid ~ Erin. producing ore averaging '2o per
ton IN gold ana silver has pnlh over 'h"l"" w
dividends ana n Htiii paying. The "Hlht' 81 inc
late James q. Blaine ir ono OF tho Htockhoh'fH W
this mine. Tho Henrietta. now consolidated win
the Maid Of Erin has paid over fO0O,oOo In dlvI-
dends from averaging t25 per ton In god SILVER
and lead Tho Wolfe Tone adjoining the Maid OF
Erin has paid over $4,000 In dividends. The Louis
Vile mine Iron I'm. which has paid over ''V,-
600 In dividends Is now being systematically deVe'
oped with good prospects. Inc fo'hhoh"S P'o-
duclng silver lead and iron. located In the town OF
Leadvllle has paid dividends In excess OF &1oVW.
The Gray Eagle. adjoining. and now consolidated
with the Pocahontas has over 10000 In dividends
to its credit. The Rex. developed WITHIN the last
six monihg in the god belt. shows large
body OF gold from four to twenty Feet thick'
which averages over 500 per tor. The Little
Johnny part OF he Ibex Company property, was
a heavy produce during the year lSh 1t Is safe
IN say II has yielded not less than tl0o.") per
month The ore mining about 10 per cent god
and ~ per cent silver. averages apout >"' per 'o.
Tho Ibex Company also owns between hii"'n ana
twenty other claims adjoining. In All OF wni'h
shafts are being sunk with the expectation Of siflk-
ting the same character Of ore. There are many
o,heta now producing ore that have been opened
I'M IN tho gold holt during the last tw"N" months
Tho Resurrection. adjoining m" Little johnny, "
nnw down IN foot IN ahaf' when la 'Np'''"1 ~
lao IA nn'j nta at depth ~ son feet WITHIN the newt
sixty DAYS
a. tfe,le. tho Anrlh,Hl, with oie ~ per cent
..tt and an r., cen, ntNrr averaging 80 rrt ton M
y,io, has pnit over suNun IN dlNld'hda amt "
welding about loh toms ~ osu ialN tn" 'h''''
mine. aud the Anilor's rath min'A are no" ""'"'
Ing Ioaether ana extensive drNel"pW'h'h az" h"NA
an m, ME- Yields from 81 To- $40 per tom net, all''
p,,ing All eNpennoe, ln,luiing smrlter7' charges
rho las, chance ana the New Work. both OF when
mr., ON the same vein a. the AmeihyHt, are pro-
ducinr largely and paying dividends Ih'S are
boweyer close corporations ana don't say mu'h
about what th"y doing
.Tb. iud,nendencr one of the largest producers "'
the crpplc creek Camp. a owned by G. ! Siraiton'
,,,o discovered It Ia lsi. The vein IN very large
,,t IN. orc averages high How much the mine
has pali its lucky owner IN not known. bur WIN
only twenty four men ~ work enough ore ~ '"N'"
out TO pay over $1,000 per month over All expenses
The Victor. the stock OF which ia prlncpanS """'"
IN France has paid $1,000 In dividends. N'""
oayinx been paid since January J. 1875 IT'S disi-
bends are at ihe rate % pc cent per inon'm f on
,rs ''n.i,~-a a..rne. about tS.ep per month IN"
Ansr"nda IL consolidation ~ several claims hay.
- ,k IL. eoins on rapids. and wi,h the compile
lion Of tho yaniic mill AT Florence, ,her' Ore.
can be easily handled ana made 10 s,e'i ~,
pron, La Uclle - another properly 81 mtsI po sH
isnt which - beink lhoroushO opencd nc no''
he camp Il IL an orRanzcd company. ana ~ r..
pu,ci TO pay over io'y" per m9h,n pn,is e'r""t
thai are paying largely above expenses r,n'ps 'oa
ir.cce is In fuii operation ana treating their low
sr,de ores they win becom" dividend peS'is .,.
c,d r,S"" on accom-" "' u litigation after paying
aver itooo In dividends. are being ngain pa, III
sh ss ,nd 10 Molr "Gb.on and the unaa The Moi.
Gibson Is ~" hea''s,S s,,,r ~ ayIends the Iasi
ono in January The Deep SHAFT prsnns' s Tnh
Mining COMPANY are shk,g snm.', a "numher
4, ia Intended - drift on IN" veins OF h"""''
o'wWamy n, the old god mines OF Gllpn and boulder
countless are now paying div1cnds their ores being
,rea,cI hy the cyanide process. Many pI3pristo,ns
mr.. looking Tor mines IN this section OF me S,ht''
and the prospects are that Ghlpin oun'y ", Th
,,iu r,,tuc. nearly %.rc'D OF gold ms year :! ne
san Iunn district H opening up very fapil.N. -"
smclt.rs are starting up at RICO ana AZ burh.soPi
and me output OF gold from these districts VIII
exceed that o, any previous year NJ Iellutlne, ~
San Mlsticl county the Tomboy is producing over
90 co0 Ter month IN gold. It's ores being treated IN Il
Huntington mill Al Florence the Junction OF ~
criuplc Creek Railroad with the Denver and hlp
Grande a cyanide mill on cArthur-r Forest pror"Sy
Nth a capacity OF 100 tons per day. mas becn com
nl,t.i nj a cost OF $4,000. and has Just star'cI w
This will enable minc-Own"rs 10 secure hrs' p'phts
rom their low grade ores The 'horlnatlon MI. MI
n, Florence will soon be ready 10 start up MS
mil, costing $50 700 will have capacity or -Vo TONS
per day. ., ~, 49, c,a,a mas MAYOR
90 prosperous az during tae last year ana tne
cattle and sheep raising Industries nav" been 'N-
cerdngly remuneratlvc business IN Denver ~ gen
orally reylvIng As an indication 81 IN" genera
,,o"1yorltv the deposits In the First National BANK
y, Denver averaged nearly N.eDoo last Week the
iarg.et in IN history. The general business ac-
,Iyi,v reminds one OF the old times before the sil-
ver mines shut down. II is safe to say INA, INC
ou,nu, OF gold from Colorado this year VIII aEsic.
gate nearly s2oOn.cc. and that OF silver ABOUT
X5cO In value.