The San Francisco call., 1896-01-02
.'.TQ.DEVEIQ]|P I]P COLD MINES
=: = a.. 3:
Pre- + eparing for an. Expected Stir
/. +. II. == in California Mineral. !. :..
2. .:. .: Interests | L. @ :: =. Il. i. . &.
E Eff0r Isl 70 Be. Made to| Supply. Capital.
8. {. 1 .==c to- Deyelop Great Latent. : +: +
r =::.: :PossihififiaS = =

4-:.11G he recently y. organized San Francisco:
Gold Mining 81 lxoh ange purposes; to act as
"a. reIlab M edium between he lniner and
III "capitaiist, whose. rea y= money. is al
WAYS necessag VI t he early working and
.deYelo pnlent Of the prospective mine "
!: The main object as greatly: to develop
the late Mt resources by. interesting homie
and reignzea pital in. California. gold -min-
ing g*regionsthat are. To- day com para lively
me ected@because the; :claIm:hol9ers have
mott lot he means to invest:in the: preliminary
work ~ twill be the: aim Of the. exchange
ITO co Iect. data concernin various mining
properties, to substantiate: the inform alton
by the.inNestigaton of q colnp petent corps Of
mining engineers, and thent to present: re-
liable facts for the inspection of persons
wishing to iriyestin mining properties.
The secretary of the exchange, ]. F.
Crosett, VIXEN seen yesterday regarding
the general position to be occupied by the
new enterprise; said
I have been engaged in mining in this state
more or less since 1856. and ain somewhat ac-
quainted with the gold fields of California 1t
has been for many years. query with ME why
so many of our meritorious mining properties
are idle. The answers TO such Queries were
that several causes operated to prevent such
development as was required to: put a mine
upon paying basis, the: high expense of opeT-
ating ard the lack of proper facilities for the
saving OF gold preclud1ng anything but high
grade quality OF ore from being worked.
Some OF these difficulties have been gradu-
ally removed. To-day we can mine and red uce
ore of as low grade as :S3 per ton; in some in
stances as low as 81 per ton
Methods OF extracting precious metals from:
the ore have been so nueh improved in the last
few years that95 per cent of the real product
can be obtained from the rock And improve
ments to reduce the cost are constantly being:
made.
For several years past our attention has been.
so attracted to the great silver fields OF Nevada
that gold mining, except in isolated cases has;
been lost sight OF. Silver mining was pushed.
with all the energy capital could Command I'M
til silver was demonitiZed. The result has been
TO turn the attention of m0neyed men. TO the;
OF gold minesin all quarters Of
the globe,
Millions of dollars have been invested in the.
gold fields OF South Africa and with results
that have astonished the most censerya tive:
capitalist. The success there has awakened an
interest among mine investors all over the;
United States, and the gold fields west of the
Rocky Mountains are; receiving consideration:
that is incalcu1able.
= Inquiries for meritorious mining property on:
the Pacific Coast are numerous and come from
all over the United States. Mining exchanges
and mining commissions are in successful ope-
ration in Boston, New York, Chicago, Colorado:
and Utah, but up to the present. time none in
San Francisco other then the Silver Stock Elk.