Alma record. (Alma, Mich.) 1878-1928, 1898-08-12

It. These facts can be demonstrated. Mexico
today offers every inducemcnt for capital to
enter into the silver mining industry.
The journal in which this statement
Is 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 543a 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 i'll the leading
daily paper of this city that vein of
silver was struck near Guaynopa very
recently which runs 6, 600 ounces Of sill
yer and II ounces of gold to the ton,
and that during the past few months as
many as 90 prospectors each week have
fitted out 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 Is to 20
per cent, and in the state Of Chihuahua
greater activity III 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. have further been assured by
a conservative and well informed resi-
dent of this city that modern mining in
this country is today III its infancy and
that during the next few years Mexico
will surprise the mining world with the
wonderful increase of its silver output.
The mining laws Of Mexico have been
made very favorable TO investigation
and investment, insuring the prospector
full protection and enjoyment Of any
thing valuable he may find. Under the
present law, with a small expense for
announcement, " three months are Civ
Ell the prospcctor TO ascertain the value
Of his find and TO acquire possession if
its development may SO warrant. The
yearly taxes are $40 per claim Of q
acres, and the property is held without
further obligation on the part of the
owners.
/ have referred TO the recent rapid
increase Of silver mining operations i'll
Mexico and TO the extraordinary profits
this industry offers and is yielding here
in order that a practical, actual view
of the situation may be fully afforded.
Capital is eagerly seeking investment
III Mexican silver mining operations
with the expectation of selling the sill
yer product of their mines for from "a
TO So cents per ounce, and profits great
err than can be secured in almost any
other legitimate industry are being
made III mining here, and yet at this
time the self styled binetallists of the
United States are declaring that the
market value Of silver would be 81. 30
per ounce if it were not for some al
legged conspiracy" against it and are
seeking to persuade the voters Of our
country 20 attempt TO make a commodi-
ty worth $l.29 per ounce by legislative
enactment which can be and is being
proftably produced for from 80 to 40
cents per ounce.