The herald., 1898-10-07
INVESTMENTS IN CHINA
AMERICAN CAPITAL WILL FIND
USE IN THE ORIENT
THE CRIPPLE CREEK MINES
A New Counterfeit-A Shortage in the
Hop Crop-The Demand for
Lemons
OFFICE OF THE HERALD,

Los Angeles Oct. b, 1898.
The formation of a syndicate of American
capitalists for the purpose CT building a
railroad in the Chinese empire is noveI
and significant fact. 1t indicates, says the
American Banker, that there Is in process
OF accumulation in this country mass of
wealth for the use Of which in domestic
fields of enterprise there IS now less In
ducement than formerly. The construction
of our immense railway system absorbed
large share of our surplus capital after
the civL war, attracting large sums CT
money from abroad at the time. Our rail-
way progress is NOW proceeding at slower
pace, and the future has been in many
cases anticipated in the extension and null
tipl!cat.on OF roads. S'o, too, the growth Of
population In the west. which followed the
spread Of railway facilities Is slower now
because a radical change has come about
IN the character of emigration To this
country. Thus it happens necessarily that
new capital IS no longer abs orbed so read
lily as formerly. And not only that but
much as is required in the orderly growth
of communities the west now generally
supplies out of It's own gathering resources.
Naturally the men who are in control of
great monetary resources have felt this
change in the situation most severely.
Great industrial corporations were formed
IN the hope of maintaining the rate Of in
come, but with emily partial success. And
now it would seem that their latest move
IS in the exploitation of enterpr ses in for
eign lands. We all know that English cap
ital can be found all over the world. Are
we about to witness the first stage In a
similar outpourlng of American wealth
broadcast over the face of the world? China
at the moment seems to hold out the most
attractive inducements. Here IS c5lo ossal
population teemng with diligent and thrifty
workers, who are about to have their minds
opened for the first time in history to the
modcrn spirit. Let them once get d taste
Of the advantages which European civ.lza-
ton affords and the wisdom Of their sages
which seems to have kept them in bondage
for centuries, must lose much of its re-
stra.ning power. The transformation of in
dustry and social life will become Inevitable
and irresistible. And then as the stake Of
foreign capitalists IN the destiny of the en-
p're grows, social anarchy. extort.onate
taxation and gross political corruption WI
be removed. And finally the proposed in
Vestment Of American capital in China In
dicates that this country cannot remain
Indifferent to the eastern question.
The Critic" of the Mining Investor has
the following to say about the conditions
and prospects in the Cripple Creek district.
His statements will be read with inter-
est:
Ihe expression is very frequently heard
that the Cripple Creek district is, so far
only scratched over. When alongside of
tnut the tnlOlma tiOn is VDIlp ba
the camp is now producing at the rate of
81 100000 per month and distributing divi-
dends that will average better than 5000 coo
per month for 1898. it may appear to be
somewhat of AN eXaggeration But how
practically true such a statement is prob
ably even those who make use OF it freely
do not know. When we compare Cripple
Greek with other mining camps of Colo
RADIO We find that 1t is only reasonable to
expect new discoveries to be made in this
Its eighth year of history for new strikes
are still being made in Leadvlle, which
was opened up nearly thirty years ago, and
In the Kingdom of Gilpin," the Oldest gold
mining camp in this state. In Cripple
Greek. however, the veins of mineral while
vastly more numerous than in either Lead
vile or Gflpin, are not so easily traced from
the surface. and 1t Is only reasonable to
suppose that the miners and prospectors
Will be making new finds fifty years from
now, the same as they are doing today
The discoveries made in the Mitchell and
Admiral Dewey properties open up hun
dreds of acres of ground for prospecting
possibilities without counting upon single
acre of ground to the east. or the north
or the south, but only between them and
where other pay Veins have been opened up
Up to now the search for pay mineral in
this zone has been unsuccessful, but the
opening up of these ore bodies proves very
conclusively that they do exist and there
is now tangible reason to hope that others
will also be found.