The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-08-28

Voted Mining Experts Views on Ten.
denotes ef Capital.

denotes sf Capital
Anhohg s1e latest arrivals in the city IA
william A. Parish Of Denver. ere =. .ha
ieadfng mining engineers in TIRE rr,ise6
Siaues. VINO mas .aken rooms al the Grit
Gth house with hts wife Mr. Fa-sx;, vrho
has cone here 20 fiji g. prors.sscrag .rus,-s
nlent OF which he does not care 10 .sik.
= sanFufns as 70 the future OF the min
Ing industry .fs-ougfsotI: the West ard aid
IA discussing this topic with a Post. Intel
ussnesr representative:
through Colorado mining rs IN better
shape than ever before More money "a be-
ing taken on. and more Investments yera
oS1n9 made until the war commenced. when
investments were suspended. although in
teTest continued uraba;ed. There ara no
government bonds 70 be had ard oil IN
con1e-paying securities ara held az rer,na-
Eehs Investments and eannoe be ts1u-ss.
In consequence an enormous amour. of
money Is earning no interest whatever ana
mining appears TO be TIE investrnen, for
p~osas 70 60 into 70 get the biggest results.
Az far as manufacturing fs concerned al,
authorities agree that IL il already over
Gone For this reason, people viii be
ready TO invest IL mines now that the
war IL over. AZ the same time. ueople
VIII demand better properties for their
money than ever before, or, IN other words.
properties VIII be looked into with more
OF mining
So far as ! am advised. capita, ia TO.
seeking mining fnveSt ments In any sseciaI
locality and Is perfectly willing 10 go ,,
that locality where the Inducements Offer
The best returns. II IS Just az willing IN OF,
10 Mexico or the Klondiks as 10 any more
civilized section OF the world An enor-
iHois quantity OF American money has
been ard Is being invested In the mines Of
Mexico"
DO you hear much OF Washington as a
field for Investment
Yes. great deal OF attention Is being
attracted 10 the state OF Washington and
20 British Columbia and Alaska This il
uHe 20 ne favorable reports being received
rom mines now In operation and 10 con-
tinucd good reports received from nroso.c-
Tors There Is no question In my mind
put mat rev era % mining liz dawn
Ing on the whole Pacific coast. particular
" The northsr1 states. The industry in
California has suffered a setback this year
on account OF the drouth extending through
the entire length OF the state I hear a
good deal OF the mining interests OF Seat
ne ana the tributary country and hear
considerable talk OF Seattle becoming a
mining center. Low grade properties. IN
particular. with large quantities of ore
which nrorlise prof. are being sough.
after by capital and ! understand that In
the territory tributary to your CITY A grear
number Of such properties have already
peen discovered which In due time Will be
investigated, bought ana developed
The cost Of mining and extracting The
value or ores has been greatly reduced
within the last few years. Ola methods
have been discarded IN many Instances and
new ones inaUgurated both fl mining and
reduction. which have reduced The cost
from 20 IN 200 per cent The improvements
made by the application Of water and eiec-
trio power. ara their direct application IN
mining as We'll milling and smelling.
also by tina use Of cyanide improvements
In colonization and smelling together with
the constant and steady Improvement be-
Ing made In concentrating machinery. all
now combine 70 make valuable low grade
properties which were formerly valueless
AZ / have already stated. i Is the opin-
Ion or the best advised men with whom
! ana acquainted in the financial world of
the United States that mining offers the
best teld for the investment Of money,
But investors viii look closely into the
merits OF all properties and he more eau
:!aus before parting with their money than
they have ever been heretofore for they
re- beginning 10 raai.Z@ that mining Il A
legitimate business. as safe as any other
legitimate business when gore into with
the same care or course. an occasional
II
exception, rot Tie rule
1.-The great Drawback 20 the mines ~
Washington IS The Inc cceSsibil;tv Of ne
property 70 commence sith. ana the rough
character or tie country. The ore deposits
81 she state arc generally very large and
generally low grade In order 10 make
them profitable the expenditure o. money
running into ;'le hundreds ~ thousands OF
dnllsrs "a necessary for thetr 1cvel 7pTneat
ard Tho erection - reduction machinery
and ottssi.slea TIE hNl3 rg ~ railroad
ia absolutely necessary. Therefore ire est
cost - n property amounts - very lit;ie
as rosrr2re3 with The money necessary -
market tNe product at 4 minimum cost
leaving \ reasonable ms ~rt0 for prof In
order, therefore - ifs9!ure capital - n
VeTf The ps,SrT~-or Uwui0g r." properties
;n'ss' place "a p-ire ard make TERMS suf.j-
cIertiy e"f1rtlve otherwise FaU- mining
region VIII To progress AT the rate mat ST