El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-05-28

distance of 300 feet from the first dis
| coverv the ore body seems to be equal
| " as rood as where first found. A car
| load of sample has been shipped to the
Demipo Sampling Works and three
ton sample to the Silver City Reduc-
| ton Works If the ore is as high
grade as expected the new strike is
| big bonanza. The mine is in lime
stone.
| J. B. Gilchrist has increased his
| force of miners to 30 men working up
| on the Guadalupe, Oxide and Ch1no
mines, which he is developing under a
| lease from the Santa Rita company.
On the Guadalupe the new Gilchrlst
shaft is down about 20 feet and shows
| a 3 foot vein OF ore which runs "A per
cent copper. Two shifts of men are
employed on this claim working
dav and night. The new shaft on the
Chino at depth of Is feet shows good
streak of ore which runs 10 per cent
copper. Pay ore has also been struck
| in the new shaft on the Oxide mine
| The two new common sense Wnlms
have been ordered for use on these
properties and are now en- route IRON
Denver.
The new mining code of Mexico has
many points far superior to that OF the
|
owners rights, whether foreign or
native, is absolute, and the former sys-
| tenn OF taxation has been improved, and
! the new method is certainly reasonable
and lust. In fact, we know of no one
| familiar with Mexican mining who
| would offer any objection or com plant
| to the system now in use. Whlle no
fee simple exists to any realty in Mex
| leo, vet it exists in another form, none
| INIT Ia rly
fee simple. Property passes to the
state for non payment of taxes, where
as in this country 1t is sold at g forced
| sale. though even under the Mexican
system improvements put upon 1t must
| be paid for by the parties again de-
nouucing the property from the gov
ernment.-Two Republics.
Cripple Creek is steadily increasing
its gold output. From January LIST to
April 3rd, 1897, the total output in gold
in the Cripple Creek district was So
| ST., 5000, which is an excess over the
! output for the same period in 1896, OF
| s., $40, 22O. Cripple Creek district has
| fOrty-eight mines in operation which
are classed as paying properties: the
| most profitable mine among the num-
| Der being the "Portland," which in
1896 showed gross earning OF 81 $780,
| 600: the Independence" mine comes
| second in rank, with gross earnings
amounting to 100000, while fourteen
mines in the district show gross earn
| ings ranging al the way from 100000
to 100000 during 1896. The lowest
J producing mine in 1896 was the Dead
: Pine which shows a gross earning
( of but 81 600. There is probably no
other mining camp in the United States
J that can show such splendid results in
four months of work, yet good as the
results are, the pre- dictiOu is made that
the output for the next four months will
exceed that of the four months ending
with April 3Oth.
The recent bringing out in London
| of Limited company with a capital of
| ESQ, coo to take over and work a copper
property near AriO, state of MichOcan,
fultlls the prophecy long since made,
| that the low price IF silver would pro
duce a boom in copper Even
superficial examination of the effect OF
of Ugh exchange upon the profits of
copper mining in this country is sutfic-
lent to convince the most pessimistic