The Irish standard., 1896-08-08
Silver was not much thought Of. That
came later. Now we are having another
great gold era. This era, however, is not

0.lvSf Was uOL luucu LuOuSlL VI. i 1udt
came later. Now we are having another
great gold era. This era, however, ia. not
one of placer mining. It is almost entire
ly a smelling and milling proposition.
1t comes, to some extent, through the fall
Of silver, but more from the methods Of
the deduction Of the ores Until lately, it
less than SIG a ton Now we can reduce
god that runs IS ton, and still pay a
slight profit to the miner. The result is
that vast quantities of gold bearing rock
which was formerly considered valneless
are now being reworked There are hum
dreds Of dumps in different parts Of Colo
RADIO containing values which will soma
day be extracted, and which will add vast
ly to our wealth. Abandoned mines are
now being reopened and prospecting car
ried on on new basis. VI, u
What will be the effect Of these new
processes upon the. gold supply OF, the
world, Mr.. Moffat?"
"They will increase it immensely, V re-
piled the mining millionaire. They are
already increasing It, and there is no tell
ing how much gold we will eventually
have Why, Colorado is just at the be-
ginning of its mineral development! Only
the smallest part Of the state has been
carefully prospected, and the few spots
where the rich veins have been uncovered
only 20 to prove that the mineral wealth
Of. the state is scattered over its entire sur
face. believe that the time will come
when all of our mountainous countries
will contribute to the output of gold and
silver. And then the African, and AUS
tralian mines will still turn cut great
quantities of gold. All over this Rocky
mountain region there are good gold pros
poets, and the new processes will surely
make revolution in mining / don't
know what will be the outcome. I have
thought good deal about it. 1t may
equalize the values OF gold and silver -.
'I understand that the most Of you peo-
pie out here are for the free coinage Of sill
ver?" ..t.@
eyes" replied Mr.. Moffat, ''we think
here that it is the best for the people Of
the United States to adopt the silver
standard We do not believe that It is
possible for this great nation to do busi-
ness on the gold standard alone, and In
my judgment 80 per cent of the vote 4of
the state OF Colorado will go for the sill
yer ticket. This is so, withstandtng
Colorado produces more gold than any 9th
er state in the Union :.
"How does Senator Teller stand here?'
eve regard him as the ablest man we
have in the state, and as perfectly sincere
and honest in his silver belief"
'.This gold production ought to make
times good in Colorado" said l.
eyes, it helps matters, !" replied Mr. MOI
fat. eve are better off than any other
state of the Union. Many OF you people
look upon us as having nothing but lot
of rocks and deserts. The truth is, Colo
RADIO is the richest state of the Union In it's
natural resources. If Chinese wall could
be built about us, and we could be shut OF
from the rest of the world for hundred
years, we would be able to raise everything
ourselves, and iii the cad We would have
here nation more rich, more progressive p
and better equipped than any other nation
on earth. We have all kinds Of minerals,
and our iron and coal will make US a great
manufacturing state. We have. immense
silver mines, which will be developed when
silver comes up again. AT present we
have about 100000 people in the state,
and there are 100, 900 men now at work In
the mines At four to the family, that
means that we have enough work in the
mines alone to give the head OF eacn ram
ily employment. It takes an immense
amount OF feed for the miners, and the re-
suit is that our agricultural products are
marketed here at high prices. And then
our wealth comes from natural resources
and not from speculation or trading. we
add more than $40,000,0 900 every year to
the wealth of the world by our precious
metals. Think Of that! That is $1O0 for
each. man. woman and child in the state,
or about $500 for every family. This does
IL akh inornrfQnt nrN6IHfA.
which are large" Vi
ssBut how is this money distributed,
Mr.. Moffat? It goes nearly all to the big
capitalists, does it not?"
s.Some of it does, but a great deal OF It
goes to the people. know a. score Of men
who were poor who have gotten rich
through mining. There are more than a
score of such instances at Cripple Creek.
Take Sratton, the owner of the lndependT;
ence mine. He Is worth his millions. he
was carpenter, working by the day, hve
years ago." !:
GLOW about mining, Mr.. Moffat; is there
really much chance for the small fry in the
mines today?"
#. Il eyes. I think there is ''Was Mr.. Momats
reply. ssbut success in mining is pustH like
sdcceess in any other business II. you
proposed to be a lawyer, you would work
for years at it before you made much
money, and at the end you might possibly
tail. If you went into mercantile business
YOU would have to associate yourself with
some one who was thoroughly posted in It,
and YOU still might fail. 1 doubt whether
the percentage of loss in mining is greater
than that Of other business, and the prof
Fl lis are often enormous. The trouble IS
that too many men go about their mining
as man goes about playing policy. They
apply no more knowledge than person
selecting three lucky numbers at draw: draw
Ing. !. ISL I'LL; ,:..
Of luck p ..5 ,s.
:. Not altogether, by any means, " replied
Mr. Moffat, though there is a large ele-.
.ment OF chance in. it. Mining has, how.
ever. become a legitimate business. 1t re-,
uuires intelligence, experience, economy
and capital. There are some prospectors
who make fortunes by finding gold mines.
IF you can. uncover q good vein or body Of
ore you can easily find the capital to de
yelops it. Bona fide mining is not a gamp-
Eng proposition. The prospects of a mine
after a short time can be easily estimated.
and the probable returns can be almost
surely counted upon. To get the gold out
Of the ground requires costly machinery, J;
and the men who go into mine developing
with capital and experience usually make. =
money. Those who come out here, how
~ frvfy 1,rr