Pine Bluff daily graphic., 1896-04-27
MILLIONS IN IN MINES.
ENGLISHMEN INVESTIGATING THE WEALTH OF GEoRGlA,5 GOLD MINES.

and the South African Mines.
 II predict that Georgia will see with in the next three years the greatest min ing fever the world has ever witnessed.
 'sThis state has the richest goldfield known on the face of the globe today. There are mines in north Georgia which are capable of producing $40, 900, 900 of gold year. I believe that the record of the Comstock in Nevada will be exceed ed by some of these Georgia mines per haps within the next two years.
 Georgia Is destined to be the richest mining state ill America. /"
 This sounds like the dream of some mine owner or dealer ill mineral proper ties, does it not?
 But the remarkable statements were made by buyer, and, what makes 1t more astonishing. by an Englishman. He is over here as an expert, making thorough investigation of the Georgia goldfeld Every one knows that the English are not enthusiasts when con sidering an investment. They are on the other extreme We consider them cold blooded. They want statistics. The Englishman must have figures before he will listen to a business proposition. To get data on the gold belt is the mission over here of MT. Russell Rowland of London. For the past two months MT. Rowland has been in and out of Allan ta, running off few days, coming back for a day or two and then off into the mountains again. There was mystery about his movements, and itwas not un- til recently that his real business devel- oped. A Constitution man has had two interviews with him. He is an expert and has great mind for figures He has made close examination of every foot of the state's gold belt and he is satisfied that there is 0 great future in mining in Georgia
 It developed in these interviews that the English prefer gold mine as an in vestment to anything else. They are after securing the gold mines of the world; hence their attention to Georgia. Within week or two there will be quite party of London men over here If they decide to invest at all, they will go in on large scale and will start off with capital of $3, 1000, 000 They have options on some of the best lands in the state. and it looks as though they will buy and put up large stamp mills. The vast fortunes made by Barney Barnato and his associates and others who were not his associates in the South African goldfelds have set all Europe crazy on the subject of mining. It is easier to raise capital for a gold mining company than for anything else. Lon don usually starts these ventures and Paris, Vienna and Berlin buy the stock at secondhand.
 The Rand companies are paying from 10 to 45 per cent dividend. Take the Robinson mines in South Africa The shares were originally g1 each. The company accumulated such surplus that the stock was watered 50 for 1- that is, each holder of G1 share got $50 share in exchange. Now we can't buy one of these shares for less than ESQ. There is $400 asked for what was originally $5 stock.
 The ore in the Robinson mines aver ages $23 pure gold to the ton. I have seen assays within the last week of Georgia ores that ran up above that. and the specimens of Georgia ore were the very poorest that could be found ou the property. Experts say that some Of these Georgia veins will produce $500 pure gold to the ton, 800 feet down That would be about 815 pounds of gold to the ton of ore.
 And this belief in the existence of these rich ores prompts Mir. Rowland to make the remarkable assertion that the output of the Comstock lode will be ex- ceeded here in Georgia probably within two years John w. Mackay took $32,- 900, 900 out of the Comstoek in one year. He would not let his miners come up but paid them big wages, sent cham pagne down to them and kept them steadily at work. He did not want the outside world to know what he had down there. But after taking out $150,- 900, 900 the lode suddenly disappeared and it has never been found There Is l more of it somewhere but the noun tains must have fallen on it.
 But they say there is enough gold in one little strip in Georgia to keep three large companies busy for 600 years, and by that time few of us will care whether the mine pays out or not
 The English say that the trouble with mining in Georgia in the past has been that it was conducted on too small a scale. Instead of handling 30 to 40 tons a day, they go in for handling 500 to LOGO tons day. And that is why they make so much money at it. No kind of small industry can manufacture as cheaply as large one. The English be- lieve in mining gold on big scale, just l as coal is mined.
 Georgia's gold belt covers from LOGO to 5000 square miles. The Cripple Creek belt covers only 400 square miles, or about as much as one Georgia county. The cost of production out there ranges from cents for $l in gold to 48 cents. There Is profit in gold mining of from