The Elbert County tribune., 1899-07-06
GOSSIP FROM DENVER
& AND THE STA TE CAPITOL.

berger, who with the ofI1cern Of the
Denver 4 Rio Grnnde II building the
Rio Grnnde, PnEDsn Springs 4 Nor
| thern. The object OF the race II to
reach 1rrt the rich lumber districts
and mineral territory In the vicinity
| Of ragosa Springs. r. H. BiKgs and
Charles BigRs are behind the San
Junn & PnRosa Springs railroad,
which Is building from Lumberton,
n. NJ, to the Springs. Lumbertcn Is
on the Rio Grnnde's main line TO Du-
range. Fourteen miles of the Biggs
road. II is aaid. are practically built
alrendy. A stntemenf made on excel
lent authority is TINT the McPhee 4
McGinnlty Lumber company OF Den
yer IL behind the Biggs brothers.
while Suilenberger and Newton, Of the
! Sayre- Newton Lumber company rep
resent the other interest, which In
cludes President Jeffery and other Rio
Grnnde officials. Active work began
on May 10 and by July Is the survey
lors VIII have completed their tnsk. II
was suited Mt Rio Grande headQunr-
tiers this morning TINT the major por-
tlon Of the Rio Grnnde. Pngosa & Nor
| fhern would be completed before the
snow hies. In the meantime Just ns
active work has been done by the
Biggs people. Their headquarters are
NJ Lnmberton, and from that point n
short limo has been built to several
large mills operated by them. This
line will be uflIIzel In running north
to Pngoea Springs"
The United stntes brunch mint In
this city. for the fiscal year lust ended,
reporfs the largest sum total OF gold
receipts in the annals OF the insfltu-
ton. For the twelve months the gold
received and paid for nt this mint foots
up f2l 1927, compared with $16,24O.-
441.D3 III the fiscal year ending June
30 1siS which wns period of exccp-
fionnl activity In mining for gold and
IN metnllurgicaI improvements. the
Inter being responsible for ut least
one-thirsl OF the gain. The Increase
In this iiscnl year compared with Its
Immediate predecessor. reads 81, JO3.-
| ID5.0I. or 30.2 per cent, about eqtiIyn.
lent to South Africn's wonderful gnIu
In the FIRST five months of the present
year. compared with the correspond
Ing period In 1893. II is thus seen
that Colorado, taken us n gold produc-
ing district, stands close to the front.
I with the promise OF even more rnpid
gains In the ncnr future ms gold
strikes are Of dnIly occurrence In MI
parts Of the state while placer mining
with dredges has but just commenced.
For the month OF June the mint pny-
ments foot up 81 1856. .0Ss.12, compared
with 81. .15S.247.43 In June. 1893. The
gain rends sol. 7.Si0.69 or In excess OF
= per cent. For the calendar yenr 1893
the Denver mint pnid out $40, 107,-
973.72 for gold and $2s.O2f .D2 for silver,
making S20,105,D05.A all told. This
was the next largest total to the one
herein reported for the fiscal year
ending to-dny. or this figure $1D.-
1910 in gold and So. .S2G.51 In silver,
was credited to Colorado mines, while
districts foreign to Colorado, such as
AInskn, Arizona. Mexico. Nevada, New
Mexico, Utah. South Dakota and Wyo-
ming. contributed $674 .625.G4 In gold
and A.Stu.53 In silver. In other words.
OF the total gold received and paid for
during 1903 nt the Denver branch
mint. fraction OF over q per cent.
was credited TO outside sources. Icnving
OF per cent for the Colorado mines.
When coinage Is established In this
city the deposits from outside camps
will Hhow a rapid gain. Under present
circumstances, with the chief market
for bullion In New York city, n Inrgc
proportion of the western retorts aud
bullion bricks are forwarded by OK
press. u GA So