The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-08-02

always on the march, and he relies up
on their judgment as to his properties.
With all the millions that he has in
works below ground, he seldom goes
into mine. He buys mines and de-
velops them on the Judgment of his ex-
perts, and his credit is such among
the capitalists of the world that he
can command any amount Of money
at any time for almost any enterprise
which he wishes to undertake
COLORADO'S NEW MINES.
During our chat I asked some ques-
tons as to the new mines Of Colorado
He replied:
I'VE have never had so many miners
at work here as we have today. More
mines are now being developed than
ever before, and the prospect is that
there will be steady increase in our
gold output. In 1889 we produced less
than $4000,000 worth Of gold Last
year our output was more than $18 000,-
900. and l believe that we will run the
figures up to at least $25, 000,0 900 this
year. This gold comes from all over
Colorado. There are good mines in
twenty different counties, and we are
by no means dependent upon any one
region, such as Cripple Creek, for oui.
output
THE CRIPPLE CREEK MINES.
How about the Cripple Creek gold +?
Will it last?'
Il don't like to predict as to the flu
ture of any gold-mining region" re-
piled Mr.. Moffat Zone Is apt to give
either too high or too low an estimate.
but the indications are that there are
enormous quantities of gold about
Cripple Creek The properties in which
l am interested and with which 1 am
familiar show that the camp has a
great future. The fact that the Grip
pie Creek mines produced something
like $8,0O0,000 worth of gold last year
Is strong argument as to their rich
ness. Many prospects are being opened
which promise well and profitable min
Ing will be done in that camp for years
to come"
There has been a great change In
mining in recent years, has there not %
Yes" replied Mr.. Moffat. IT came out
here In 1860, when the motto of every
one was Pixies Peak or bust Den
yer was then gold camp, and the
greater part of the mining done was
placer mining. Gold was first discov-
cred near Pixies Peak, and every one
was crazy for gold Silver was not
much thought of. That came later.
Now we are having another great
gold era. This era, however, Is not
one of placer mining. 1t Is almost en-
tirely a smelling and milling pro-
position. 1t comes to some extent
through the fall of silver, but more
from the new methods of the deduc-
ton Of ores. Until lately 1t hardly
paid to mine gold that was worth less
than SIC a ton. Now we can reduce
gold that runs S. ton and still pay
slight profit to the miner. The result
Is that vast quantities of gold bearing
rock which was formerly considered
valueless are now being reworked
There are hundreds Of dumps In differ
ent parts of Colorado containing val
ues which will some day be extracted
and which will add vastly to our
wealth. Abandoned mines are now be-
ing reopened and prospecting carried
on on q new basis
GOLD IN THE ROCKIES.
''What will be the effect of these
new processes upon the gold supply
of the world, Mr.. Moffat7"
They will increase 1t immensely"
replied the mining millionaire. They
are already increasing 1t and there Is
no telling how much gold we will event
uaiiy have. Why. Colorado is just at
the beginning af its mineral Aaya5afa