The herald., 1898-02-15
OFFICE OF THE HERALD.
Los Angeles, Cal, Feb. IA, 1898.
Every r1ortal is relieved BY speaking Of
his misfortunes"

F~~~-----e1
his misfortunes."
Numerous inquiries have been made for
Information as TO the relative value OF the
Kiondiltc placcrs and those which made
the name of California The Mining and
Scientific Press, an excellent authority on
this subject says:
Exact data shows that the mos, extrav-
ugant stories as to the yield and richness
of KlondilSe placers are discounted and
overshadowcd by the actual record OF the
Yield OF California's placer mines. ]. Ross
Brownies Report to tho Government on
the Mineral Resources OF tho Pacific
stattss." IN 1867, sober authentic official
report from a conservative mining expert
and statisticinn. shows that nothing yet
reported from the Yukon region exceeds
or more than approximates the richness
of the early California placers. Much OF
what is reported from the Yukon IL idle
hearsay or emanates from the transporta-
zion companies What is set down in the
government report referred to Is not con-
lecture nor stated to influence travel. but
Is an authentic record OF fact There are
IudHy tTuStWOithy icCOtoS VI tiO oihCSt
iucredible yield of California's placers. but
the above is referred to as being in the
writer's remembrance. For instance, the
Rhodes claim, near Murphys, Calaveras
county, produced s250.OOO from an area 100
feet long and 40 wide; ninety pounds of gold
were taken out in twenty-four hours. The
Jameson claim, Iowa HILL Placer county,
yielded 100000; the Dardanelles, Forest
Hill, in the same county, $2,000,000; near
Springfield, Tuolumne county, single car
loads Of pay dirt panned out $1,000 each.
Butte. Yuba, Nevada and other counties
have equally good records. In the case
of California 1t is not what its placers are
''going'' to yield that is the subject. but
what has gone to swell the worlds store of
gold.
Australias gold yield for '97 was some
thing phenomenal-almost equaling that
OF the United States. About 25 per cent
or the amount has been received In San
Francisco during the past few months to
settle the balance of trade in favor of this
country. The f515S57, equal to $2,510.160
on the steamship Mariposa brings the to-
tai shipment of Australian gold to Cali
fornia for the season up to s1S00o,O0o.
O o O
Exact figures of the gold production for
'97 of California and Colorado have not yet
been received, though 1t Is apparent that
Colorado will crowd California pretty close
for first place as a gold producer.
At the annual meeting OF the Union Trust
company of San Francisco, held on the
7rh instant, the old officers were reelected.
M
capital is $750,000 The gross profits were
tl74.000 and the net profits $4,000. The in
crease in banking deposits was over 81 0o0,-
900. the total now being in excess of $3,-
100000
Consul Monaghan. at Chemnitz, in Sax
ony, reports that the compulsory system
of accident insurance has resulted in the
payment of s71 100000 to disabled employees
In the eleven years between 1886 and 1896.
inclusive. The indirect benefits are even
greater than the direct. as the desire to
avoid payments causes manufacturers to
adopt the best protective measures in their
works and on their machines. There is,
however, another side to this picture. The
amount paid to disabled workingmen has
increased from si52. 200 in 1886 to $1S,5s9, 800
in 1896. Something like this ratio of increase
will continue until the general tion term
Is complete. when the deaths of the perma-
nently disabled may be equal to the num-
ber added to that list AS the life of a gen.
Grafton is computed at thirty-three years,
there remain about twenty years in which
payment to permanently disabled work.
tngmen will increase in something like the
ratio of increase in eleven years already
noted. There is certainly danger that the
burden placed upon manufacturers may
be too great to be borne. There will either
he an appeal for government relief or
reduction in the rate of wages.
O o O
The first number of the Los Angeles Re-
view Is received 1t is devoted to the min
ing. financial and other interests of the
southwest. and under the management of
A. Richardson and r. r. Hill ought to sue
coed. The journal is well printed. attrac-
lively gotten up and is edited conserva-
lively and intelligently.