Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1898-02-18
WHAT MINERS ARE DOING
GOLD PRODUCT OF THE WORLD.
Nearly q Quarter of a Billion Added
During the Past Year-United
States Contributes Nearly One
Fourth of That Amount

The director of the mint, from informa-
ton now at hand, says there is sub
stantial evidence that the worlds prod
uct of gold for the calendar year of 1897
will approximate, if not exceed, $780,
100000, an increase of nearly 20 per cent
over 1896. The gold product of the Unit
ed States for 1896 was $50, 100000; for
1897 it will approximate SCI 100000, an
increase of $s,4O0O,O0O. The product OF
Africa for 1896 was $44,44O,OOO. Returns
received up to December l, 1897, indicate
that the gold product of that country
for the year will be $58,000,000, an in
crease of $l3,60O,OOO. Australasia, for
1896, $45, 200, 600; for 1897 the indications
are that it will not be less than $5l ,OOO,-
900, an increase of $6,S00000. Mexico
for 1896, $8,330,0O0; for 1897, estimated
at $l0,000,000, an increase of $l,7O0,O00
The dominion of Canada, for 1896, 49,
100000; estimated for 1897, $7,500,O00
an increase of $4,70O,OOO. India's product
for 1897 is estimated at $7,500,00O, an
increase of ST. 100000 over 1896. Rus
sia's gold product for 1896 was $2l $780,
600; for 1897, estimated to approximate
$25 100000, an increase of $3,500,00O. The
indications for the United States are that
Colorado will lead in the production OF
gold for 1897, as it is estimated it will
not be less than $20,00O,O0O. California
will follow with product of probably
Sl9,000,000. With the exception of the
South Appalachian range, it is believed
there will be an increase in every produc-
ing state of the gold product over that OF
1896.
option on the LIE Roi.
In spite of denials on the part of some
of the officers of the LIE Roi company, it
seems to be a fact that the British Amer
lea Corporation has some sort of an op-
ton on the property, either of their own
or indirectly through the London and
Globe Finance Corporation. That this is
true is admitted by men heavily interest
ed in the LIE Roi who are in position to
know the facts. An officer of the LIE Roi
company whose name can not be given for
publication because he deplores giving
publicity to a mining deal until it is COM
pleted, nevertheless admits that the prop
erty is under option to the Macintosh
people, and that as the report of their ex.
pert can not reach England before the
latter part of this week, the option was
recently extended from December 81,
when it originally expired, to January 81.
This option was given by Colonel Peyton
and Senator Turner on their recent visit
to London, they having been empowered
to dispose of the property. This gentle
man declined to divulge the price involv-
ed in the deal, but admitted that his
share would be close to half-million,
and, as his holdings are known, the pur-
chase price may be figured at $5,000,OOO.
Washington's Record.
Henry Landes, state geologist, says
From the data at hand it is estimated
that the output of the precious metals
in Washington for the year 1897 will
amount to about one and one-half mil
lions of dollars, which is substantial in
crease over the preceding year. The year
1897 has shown great increase in the
interest taken in Washington mines, and
prospecting, developing and mining have
been carried on with great vigor in ev-
cry district. Several new rich strikes
have been made, many new properties
have been developed into shippers of ore,
and all of the mines have increased their
output. Not only have the quartz mines
been pushed, but the placers as well show
notable increase. Old diggings, as those
of the Swauk, have produced fine mug
gets, and many new grounds have exhib-
tied satisfactory showings. The Klon-
dixie excitment has not materially him
dered the growth of the mining industry
in Washington.
Gold in Oregon.
Statistics prepared for the annual num-
Der of the Oregonian show that Oregon
will produce this year more gold than the
Klondike yielded during the working
season of lS96-97. This statement will
come as surprise to most persons. The
Oregonian estimates the Klondike pro-
duction during the last season at $780,
900, while it estimates that Oregon has
produced during the year over $5,OOO,OOO.
OF this sum, according to the figures of
that journal, Union county has produced
So, $4,000, Baker county 100000 and
Grant county 100000, making the total
for eastern Oregon over 100000. South
ern Oregon is credited with the produc-
t: IN of 100000.
Many Claims VIII he Jumped.
At the auditors office in Colville, Wash,
the receipts of affidavits of assessment
work on mining claims is far in excess of
any previous month of December in the
history of the county, and it is estimated
that 1000 in all will be filed within the
next four days. In the meantime the hills
are full of prespectors who are actively
looking over the boundaries and loca-
lions of claims that have failed of their
assessment expenditure, and many mine
owners who have trusted to others to do
the assessment work on their claims are
going out to see that their employees do
not abandon the work at the last moment
and jump the properties at the begin
ming of the new year. Instances of this
kind have been frequent in the past, and
promise to be especially so this year.
Ore in the Ymir.