Evening star., 1896-02-15

my stay. In the Portland mine 1 found
millions In sight, and / am told that the In
dependence mine IS equally good. The Port
land mine is turning out about $4,000 worth
Of gold day, or more than half million
dollars month. 1t costs very little to get
the gold out The average Is less than 25
cents an ounce, and an ounce of gold is
you know worth more than $50. Nineteen
profit off of 25 cents isn't it?'
Colorado Rich Men.
Eyes, 1T is" said I. But I suppose the
most Of this money goes to the east?''
mo. it does not" replied Senator Teller.
Il thank fortune it does not. The east has
had little confidence in Colorado of late
years. 1t would not for long time take
any stock in the gold discoveries, and Col
orado men had to develop the mines them
selves This is what want. I want to see
the state develop itself and get the profit.
We don't want lot of fellows living in the
east and fattening of the body of Colorado.
We are practically independent. Colorado
has all sorts of resources, and if the people
do rot want our silver we can give them
gold. II they don't want gold we will give
them coal, ard if they don't want coal we
have got enough petroleum in the state to
foat niaI.y of the eastern cities. The gold
discoveries have filed the Colorado banks.
| heard not long ago from Colorado Springs.
My letter stated that there was more than
a million dollars of Cripple Creek gold de-
posted in its hank vaults. l have a recent
statement frcrn one Of our banks in Denver.
1t has a half million dollars capital and it's
deposits now amount to more than seven
millions of dollars"
The Golden Era.
|. "Do you think this gold output VIII con-
tinTe to increas seq"
81 don't know why it should not" replied
Senator Teller. Some of the mines which 1
saw have enough gold in sight to keep them
busy for years, and new mines as I sad,
are being discovered. There is great IN
crease in the worlds gold product 1t usu-
silly mounts to about $lJ0,ND0,G0 annually.
It is row going on at such rate that it
VIII amount TO more than 900 a
year. and ] will not be surprised to see it
increase to $3.50, ,0f6.0i0 g year. Such an in-
crease VIII surely raise prices and silver
will go up. l do not, however, believe that
this viii make immediate good times. Cap
itai is tmid. There are few new factories
being started, and It will be- think. several
years before we see substantial change in
the financial situation"
Speaking Of the Cripple Greek mines, Sem
ator, who are the men who ere making the
most money out of tken?"
There are a number of men who are
realizing fortunes" replied Senator Teller.
! among other persons who have valuable
property IS n man named Stratton. He
owns the Independence mine, which is now
turning out a half million dollars every
much a month. Some of his ore is SO rich
that it can he taken out at an expense of
10 cents an ounce and don't suppose that
it costs him more than $500 monthly to
operate the mine. I was told when I was
last in Denver that he had then $3.50, ,OOO or
deposit In a Denver bank
was StTatton n rich man to start wfth?'
I asked.
mo. believe not" replied Senator Teller
'He came west poor and struck it rich at
Cripple Creek. 1t was the same with one
of the owners of the Portland mine. which
told you was also turning out q half million
dollars a month. He was q plumber a few
years ago. and was working for few dol
lars a day.
Gossip About McTatt.
How about David II. Mofatt, Senator?''
/ asked He is also a self-made millionaire,
is he not?''
Eyes" replied Senator Teller. when 1
first knew David H. Moffatt he was running
a little book and stationery store in Denver
He came west from Omaha, I think He
left the book store to be cashier of bank
and his money-making ability vas such that
he was soon able 70 buy a majority of the
slcck OF the bank, and became its president
don mean that he did anything = OF strict
ly honest, but he IS natural morey-maker
and ne has always been successful"
what is Mr.. Moffatt worth now, Sena-
tor?''
'I suppose he is worth anywhere between
ten and fifteen million dollars" was the
reply. He is so rich row that ne can't help
making money. He may lose 3 little here
and there but he is bound to come o,@ on
mine for a debt of s150.000. He put money
into it ant. d9yaloDed it. and ont Of that mine