The herald., 1897-04-04
oFFrcE OF rHr HERALD.
Los Angeles, Cal, April 8, 1897.

The impression appears to be grow
ing that all signs point infallibly to such
. revival of the mining interests on this
coast as may fairly be called boom.
The San Francisco Chronicle, in the
course of an article ON the subject, which
Is one that has been pretty generally
discussed. says that several causes have
united to make this revival possible. The
failure of gold mining In Australia and
the political disturbances in South At
rica sent great deal of English capital
this way. American capital, distrust-
full Of railway and Industrial securities
5oined 1t in mining investment, ana
much money which, after the repeal OF
the Sherman purchasing act, had been
held in readiness for the success of silver
Legislation to uncover it's old leads,
finally turned into other and cognate
fields OF industry. Owing to the hard
times, thousands of men have been
driven into prospecting, and the lucky
strikes made by some Of these have
served to increase the interest and
tempt others into the business. An
other potent influence has been the fact
that while common industrial pursuits
and trade throughout the country have
been bad, the returns from the Califor-
mia mines have kept steadily above an
annual average of s15,0000O0.
Statistics appearing in the last bi-
4nnial report of the state mineralogist
affirm that gold mining is the safest and
m ost profitable industrial pursuit in
California. The average annual prod
uct or earning per capita in this state OF
those engaged in farming is $780, in
manufacturing $1,000, and in mining Sl49O
What is made comes principally from
new development along the mother lode,
which is now, as in the past, a crowded
storehouse of treasure. How rich the
auriferous deposit is may be judged
from the professional assertion of the
state mineralogist that were there as
many stamps in operation on that belt
proportionately to those on the Ran
which the quantity and grade of the
quartz would warrant. the gold output
would doubtless exceed that of the lat
ter"
What is trne of the increase cf .;i:;
ing interest In California is pre-emi-
ly so of Oregon, Nevada, Utah, Wyom-
ing and Arizona. The output of gold
and other metals is increasing all along
the line, and there is every reason to
believe that it will continue to expand
now that processes of reduction enable
low-grade ore to be worked to adwan-
tage, and the invention of electric dred-
gers has made the exploitation of certain
placer districts possible which lack of
fuel for steam power has heretofore
kept in the background.
The condition of things brought about
by the enforcement of the pure food reg
nlations on the part of the San Francis
co board of health has been treated at
length in this column. A San Francisco
paper says: The board of health has its
hands very full. Packers of honey aud
other foods have practically suspended
business waiting for the board of health
to tell them what is standard grade.
Before man can sell a case of olive oil
he must furnish a sworn statement,
taken before notary, that his oil is
pure. Catsup men fly about distracted
Iy. Jelly men are in despair. Syrup men
have faces as sour as their wares are
sweet-and all because the board of
health has started out on a career of
wholesale arrest.
A decision of interest in relation to the
question Of the control of stock exchange
quotations in New York has just been
rendered by Judge Horton in the circuit
court at Chicago, says Bradstreets- In
this decision the judge overruled mo-
tions made by the board of trade, the
Western Union Telegraph company the
the Postal Telegraph company to dis
solve a temporary injunction restrain
ng them from detaching telegraph
wires, from removing tickers and from
cutting off or in any way interfering
with the supply of market information,
as it had been heretofore furnished to
certain business houses. Referring to the
connection of telegraph companies with
The transmission of quotations, the
Judge held that they were common car
riers of news, and as such were to be
by the same principles per-
taining to the rights of the public as
,ther common carriers are. AS regards
the board of trade, the judge said that
t is private corporation, and has the
same right t. control and manage it's
private property and affairs as other
private corporations have, but that If
t has so used or permitted such, use of
- v,rnnertv or arv mart of n that the
game has become charged with public
interest, then the board has no legal
light to deprive the public Of the inter-
bt thus acquired when 1t is sought and
Used only for legitimate purposes.
THE NEW YORK RANKS