The true northerner., 1898-08-03

~
\. These facts can be demon~trstsd. Mextoo
today offers every inducelnent for capital 70
enter into the silver mining industry.
The journal IN which this statement
IL made is Itself favorable to the free
coinage of silver in Mexico and doubt
less in the United States as well, as it
urges that the cheap labor thus insured
invites investment of foreign capital.
There is therefore no partisan purpose
in the statement which is therein made
that silver which is worth at this writ
ing ban cents per ounce in New York
and London is being produced in Mex
leo for 80 cents per ounce.
Mexican Mining Laws.
1t is reliably reported in the leading
daily paper of this city that vein OF
silver was struck near Guaynopa very
recently which runs 5000 ounces OF sill
yer and IL ounces of gold TO the ton.
and that during the past few months as
many as 20 prospectors each week have
fitted ont in FL Paso, Tex, and depart
ed for the Yaqui territory, the vicinity
| of the above rich silver find from all OF
whom favorable reports are being re-
ceived.
In the state of San Luis Potosi there
are veins of silver ore which can be re-
lied upon TO yield annual profits, esti-
mated in gold value, of from lS to 20
per cent, and in the state of Chihuahua
greater activity in mining and prospect
ing is now being manifested than ever
before, and many valuable discoveries
are being made not only IN the way OF
hitherto unknown mines but OF larger
and richer bodies of ore in the older
mines. l have further been assured by
a conservative and we'll informed resi-
dent of this city that modern mining IN
, this country is today in its infancy and
? that during the next few years Mexico
, will surprise the mining world with the
wonderful increase of its silver output
D The mining laws of Mexico have beer
! made very favorable TO investigation
f and investment, insuring the prospectol
full protection and enjoyment OF any
e thing valuable he may find Under th'
q present law, with small expense 10
4 announcement" three months are Civ
l. en- the prospector TO ascertain the valu
4 of his find and to acquire possession i
v its development may so warrant. In
3 yearly taxes are $40 per claim OF =
l. acres and the property is held withou
l. further obligation on the part OF tn
n owners
II / have referred TO the recent rapl
il increase of silver mining operations /
D. Mexico and to the extraordinary proh'
es this industry offers and is yielding hei
n in order that q practical, actual We
,e of the situation may be fully afforded
ne Capital is eagerly seeking investmel
in Mexican silver mining operation
ne with the expectation of selling the 81
ne yer product of their mines for from
is to So cents per ounce, and profits grea
tn er than can be secured i'll almost al
ts other legitimate industry are BEN
ne made in mining here, and yet at tn
n time the self styled bimetallists OF q
n United States are declaring that G
Id market value of silver would be ST..
ON per ounce if it were not for some
I'm legged conspiracy" against it and a
on seeking TO persuade the voters OF
er- country to attempt to make commot
la ty worth ST.. 30 per ounce by legislati
m enactment which can be and Is bel
of proftably produced for from 80 to
er- cents per ounce.
-ba A False Ammunition.