The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-01-07
NO SILVER soNAnzAs.
silver Mlning Not No Prohtabis ~ Former
ly-1Ianting the Gold.


100000 worth of silver at the CONNER.
cial value Of 90 cents per ounce, II Is
safe 10 assert that the silver bonanza.
which was so prooiinent a feature OF
our mining during the years between
1859 and 1898 has dropped out OF sight,
and is not all likely TO again become q
feature In this state Indeed, the state
ment may be given a much wider scope,
We are not aware OF the existence at
this time Of producing silver BONANZA
In any district In the world.
AS heretofore pointed ont, and as
may be CLEANED from the weekly re.
ports In the Engineering and Mining
Journal, the Comstock vein Is no longer
dependent for lis fair profits on silver
The bulk OF the value at present ex.
tracted is In gold, and this seems 10 in
crease as development progresses In
old Mexico, where free coinage pre-
rails, the silver mines are producing
literally. The great bulk OF the prod.
net, however, IL of medium grade, de-
pending for profit upon the use OF
American methods In mining and ore
treatment, and upon the freedom OF
the minis for the bullion, which when
coined is used In paying labor and other
expenses We're Il not for these favor
able circumstances Il Is safe 10 say
that the silver output OF Mexico would
be reduced one-hali As Il is these
methods will result In a rapid working
out OF the older mincs-abandoned
years ago because they would not pay
and as prospecting is not energetic
10 Mexico-where the government owns
ell the mineral-the outlook for new
producers is far from cheerful
In the early days OF the silver con-
troversy very much was published and
heard about the Broken Hin mines In
Australia. Some car loads Of this ore
were shipped TO Denver last year for
experimental treatment IL Is exceed.
ingly tough" and only fair In grade
The bonanza levels, extending from
near the surface 10 a depth OF 400 feet
are about worked out When this
process Is completed the Broken hin
property will be entirely Invested OF
its bonanza form. and n II continues
10 pay the result will be traceable to
the successful treatment of its medium
grade rebellious ores
Silver shipments from south America
are Insignificant In fact, that coun-
try draws upon the LonAon market for
80 per cent of It's coinage supply.
Hence the South American silver boz
nanza Is largely a romance, 10 be dis
missed as more pleasant than danger
GUS
The sale OF Mollle Gibson stock at 6s
cents per share, with prospect for
lower figures, disposes OF the leading
silver bonanza In thu history OF this
state. Its near neighbor, the Snug
gler, which shipped silver by the car
load direct 10 the rlhnery in 1898, Is
now producing sons 200 tons per day
Of low aud medium grade ore, which Is
handled at the company's concentrate
Ing plant before II " forWardeg 10 the
smelters The Arsentum.Juniata Is
not on the list OF high grade PROPOSE
tons II Is paying fairly well, but AT
Colorado Springs, where the condition
Of the mine Is well known, the stock
sold last Saturday. at 50 cents per
share, a drop offs cents for the week.
The New York Chance people arc
reported TO have taken 5000, 900 from
small strip o. territory on the
Amethyst vein at creede, and 10 have
divided as much as $4,000 last De.
cember But this Ia In the past The
mine Is now shipping It's large dumpt
the smelters, and has developed gold
values In It's lower levels IL Is a
property well managed aud which
pays literally, bw It Is no longer a
BONANZA from the silver standpoint.
On the same vein The Amethyst Is 10
Gated. This pays regular dividends Of
$4,000 per month. But II takes close
management 10 produce this result, a.
the ore-gold values ineluded-aver-
ages some $40 per ton.
This casual review has no references
10 the gold-silver mIhes OF the state, ia
which the wealth h. about equally di.
vlded between the two metals, with
lead thrown In. In this class are the
Golden Fleece, the Rlco-Aspen, the
Smuggler- Union, tho Lamartine. aud
the great bulk OF the mines near Idaho
Springs, a district which disputes with
san Miguel for fourth place In the
column Of precious metal production.
In considering the output Of silver
In this state the reflex action Of gold
mining must not be overlooked. The
product OF the low grade mines At
Leadyille-ou,side tho gold belt-and
In other districts In the state is used in
reducing the dry gold ores For this
purpose the smelters handle the silver
ores az very low Cost, and the rail-
roads, In order 10 assist the smclters
aud the mines, have wisely reduced the
average cost Of transportation.
Leading authorities state that the
product ratio this year between silver
aud gold will be sixteca ounces OF the
one 20 one ounce Of The other We
have every reason TO believe that this
statement Is correct and that the sill
yer bonanza may safely be dropped In
all future discussions ~ the financial
problem II has had 10 day. Denver
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