davidaulloa/AmericanStories huggingface dataset:
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
The Alleged Bearing of Copper.

1t is said the recent drop of "
cents in copper, if continued for pc
siod of - motnhs, would lessen the in
tconle of the Calumet and Hecla about
81, 100000. To the Anaconda company it
would mean about two and half
times as much, or considerably more
than 100000.
These are significant figures, and
they suggest the extreme improbab bill
gagged in the work of bearing the cop
per market, in order to discourage small
producers There are comparatively
few people who will throw away mill
ions of dollars directly, upon the basis
of mere probability of freezing some
enc else eut:e &NaF EN
There are too many uncertainties in
tyolved. The! smaller producers may
not freeze out" That will depend up
on how they are situated and the char
acter of their mines. They may. in
come cases, be able to stand the decline
better relatively than many of the
larger producers. Some of these latter
may Ilcl ue Nulu6 " JUN III uedl
movement, and even If they should the
ultimate effect is neutrality-suspicious.
zeal
Business men do not, as a rule, like
TO give up large and certain profit,
upon the mere speculative possibility
of making the profit larger at some
remote time in the future. Especially
SO when no one can tell how remote
1he time may be, or what the increase
Of profit wilkibesa ifs1here should be any
at all Y -s
OF course the alleged bear move
ment'' may be on foot but the idea
seems to be little far-fetched There
is nothing in the appearance of things
hereabouts to suggest anything of the
kind. Every large producer in the
Butte district seems to be preparing
TO increase rather than diminish the
product. AS an illustration, it may be
stated that the changes in progress and
an contemplation at the Anaconda
works will increase their capacity at
oeast one-third, and perhaps more. AT
ahe same time the improvements at tbs
mines are upon commensurate scale
while the other large companies are
rot much behind.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

II Europe had actually owed us $780,
100000 or 100000, 900 she never could

II Europe had actually owed us $780,
100000 or $500, 100000 she never could
have satisfied us with the paltry sum
of 6,S0O,000. The fact is that the trade
balance is only one item in the account
1t is well known that the United States
is indebted to Europe anywhere from
S., O0.000,000 to $4,000, 100000, the interest
upon which stands a charge against
our trade balance. 1t is estimated that
we pay s15o,0o0,0Oo year in freights to
foreign ship owners, and that American
tralvers pay out from $4,000, 900 to s75,
100000 yearly in their foreign journey
ings. Hence. last year, with a balance in
trade in our favor Of about 100000, 900,
We received only a little over 100000
900 in specie, and this year we shall
get nearly or quite nothing. although
our trade balance may be even larger
than last year
1t is, the fact that Europe is so largely
our creditor which enables her to put
up money rates and thus prevent us
from getting the gold. If she actually
owed us the money she could not afford
to pay higher rates than we could. Her
business would not stand it. If she
owed us nothing we might draw away
the entire balance, but it would only
be for a short time. 1t would create
money famine over there, and Euro
pean prices would fall away below the
American level. Then our purchases
over there would increase. our sales
there diminish and the balance of trade
would turn against US.
1t is singular circumstance that so
| many highly intellg gent trade and finan-
cial journals leave these facts almost
entirely out of consideration in dealing
with the movement of gold.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

Central City, Colo, the county seat
in a very cheerful frame of mind over
mining discoveries in that vicinity.
Some very fine gold ore is said to have
been taken out of the London group Of
veins on Utah hill, Pine district. The
workings of the old Hecla are said to
be showing UP we'll. This mine is owned
by Willard Teller Of Denver, brother of
the senator, but is being operated by
John Hanson under lease. Mr.. Hanson
is the owner of the Walhalla, and both
mines are being worked through the
Quartz hill tunnel. Good reports come
from many other claims, and while the
yield may never equal that of Cripple
Creek, the people of Central City have
no end Of confidence in old Gilpin.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
Power OF the comstock.

Old residents of Nevada will be inter-
ested in the following, which is taken
from the Mining and Engineering Review
of San Francisco:
Last month q of the Comstock mining
companies signed an agreement to pay a
bonus of 100000 to the Truckee River
General Electric Power company for fur
nishing power to the Comstock mills and
mines, the time and amounts of pay
ments to be as follows: Five thousand
dollars upon the signing of the agree
ment; $4,000 in 30 days thereafter; $25, 900
in 90 days thereafter; $4,000 in 100 days
thereafter, and $4,000 upon the completion
of the power plant on the Truckee river,
sub-station at Virginia City, and it's con-
nections and when the power is ready
for delivery. On the completion of the
agreement $1,000 was paid, and on the 18th
inst. $4,000 was paid. according to con-
tract When the payments are all made
and the power ready for delivery, which
it is expected will be in June. 1900, the
500. GOO so advanced will be placed to the
credit of the mining companies and will
be accepted by the electric company in
payment for power furnished to the mines
at the following rates for five years: For
less than 1000 horsepower. 81 per horse
power; from 1000 to 3,00O Sc. so: from 5000
to 1900, 6; from 1900 to $500, $3.50; from
4500 to 5000 horsepower, s. per horse
power.
The power plant on the Truckee river
is being pushed to completion and bids
for the erection of electrical machinery
have been handed in by the leading cleo
trical manufacturing houses in the United
States.
The Mining and Engineering Review
has insisted for years that cheap electric
power is the only solution for proftably
working the low-grade ores and the mil
lions OF tons of rich tailings at the Com
stock mines, and it was that suggestion
which prompted the leading companies to
act. There is low grade ore enough in
sight at the mines to pay dividends for
years under the new rates of power, If
the management is honest with the stock
holders.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
The Value of Gold.

Probably there is no subject extant
upon which there is more popular mis-
understanding than there is with refer
ence to the value of gold. There are
many people of more than average in
telligence who actually seem to think
that the value of the yellow metal new
err changes. One of our most highly
esteemed mining exchanges recently IN
pointing out the advantages of gold
mining. stated that while the prices of
other things, more specifically "copper"
are constantly changing, gold is always
worth just s2O671S per ounce of the
pure metal.
That is true, but it entirely fails to
prove that the value of the metal does
not change. An ounce of gold will al
ways coin into the same amount of
money because the law provides that
a dollar shall consist of 1922 grains of
pure gold. Hence the money value of
that quantity of gold must of neces-
sity always be dollar so long as the
law remains unchanged. But if the
law were to be changed SO as to require
25 grains of pure gold to the dollar,
then it would take % grains of the
metal to be worth dollar. In other
words, the money value of gold is fixed
by law, and it is merely the quantity
of the metal that the law requires to
be put into a coin of a given denomi-
nation.
There was time when it required
go grains of standard gold to make
an eagle or -dollar-piece; now 25S
grains will make such coin. Why?
Simply because the law has been chang
| ed. But the words dollar" eagle"
etc, are merely arbitrary terms adopt
ed by the law to designate a certain
weight of metal of a particular fine
ness, and fashioned into pieces of a
prescribed form and bearing such de-
signs and emblems as the law requires
| to be stamped upon them.
All of this, however, throws no light
upon the real value of the metal after
it is stamped into a coin. The question
is. how much is the coin worth? That
is to say, how much of other things
! will it exchange for? That is the test
and the only test. Value is merely a
relative term when used commercially,
| and the commercial value of anything
is what it will exchange for in some
thing else.
A dollar is always dollar" and in
that sense it never changes. The name
| does not change, but sometimes the
| dollar will buy more and some times
| less. Therefore the value of the dollar
is all the time changing, A gold dol
lar is not SO valuable in exchange now
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
Imports of Specie.

The Engineering and Mining Journal
comments upon the fact that although
there has been a very large trade bal
ance in favor of the United States dur
Eng the past year, the imports of gold
been exceedingly small. For the ten
months ending with the last of October
the excess of gold imports over exports
has been in round numbers $6,S00,000,
although the trade balance was per-
haps, roughly speaking, nearly a hun
dred times that amount.
In common with many others, the
journal referred to, ascrihes this anon
oious circumstance largely to the high
rates for money prevailing in Europe,
which makes it more profitable to leave
the balances there than to transfer
them to America.
In sense this is doubtless true, but
why should the rates for money in
Europe be SO high. 1t must be owing to
one of two reasons: Either money can
be more profitably employed there than
here, or the pressure for funds at the
European money centers must be SO
great that the high rates are being
paid to keep the gold from slipping
away and thus precipitating crash.
The first view has very little to sus-
tain it. While there has been general
revival of business on some lines in
Europe as well as here, it stands to rea-
Son that America must be better field
for investment than the densely peo-
Piled and almost stationary countries
of the Old World. If it be true that
money can be used to better advantage
In business in Europe than it can here.
1t certainly destroys the claim that we
are enjoying unbounded prosperity as
a result of the wise administration of
President Mckinley 1t would look
rather as if we We're in the midst of one
OF those revivals which always follows
periods of extreme depression, and that
instead of marching at the head. of The
procession. the United States is. all
things considered, tagging behind.
But this is not the true explanation.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

round; and because crosscut in one
portion Of the mine is without result,
should not deter the management from
making others elsewhere. Crosscut-
ting Should be carried on systematical-
ly in view of this condition,
1t IS stated by Charles Dawson in
the Spokesman-Review that the Re
public mill at Republic is being so
built that it can be enlarged to a ca
pacity of 1000 tons a day. The Quilp
mine in the same district is said to
have passed under the control of a
Montreal syndicate. Mr.. Dawson says
that it has an immense vein of ore
and that it will probably contribute
largely to the running of the Republic
mill.
From Grand Forks, says the Nelson
(B. c. Miner, comes the information
that $50 men are working at the Gran
by smelter. The sampler frame is about
completed, and the brickwork of the
f1ues, dust-chambers and stacks are
nearly completion. The spur track by
which the ores will be carried to the
smelter leaves the main line little to
the west Of Columbia and crosses the
north branch OF the Kettle river at
point near the dam. The ore cars will
dump their contents 20 feet above the
sampler bins, which are the highest
points in the smelter.
The Salt Lake Tribune states that,
commenting on the possibilities of a
November dividend by the Mammoth,
at Tintic, Utah, Manager Mcintyre says
that it was all dependent on the
amount of ore that can be marketed
and milled between the time that the
old locomotive is put into service and
the end of the month. There is men
ace which confronts the dividend from
another source. however The railroads
that are pulling the ores out Of Tintic
are short of rolling stock, much of
which is temporarily tied up in the
yards of the smelters and while every
thing is being done to relieve the sit
uation, no reliance is placed in the as
surance that they will be able to get
the dividend in on time. Mr. McIn-
tyre himself has no confidence in it.
The Mining and Scientific Press says
that in the Rossland, B. c., district the
I. x. T.. mine, with so-called free mill
ing ore and 1O-stamp mill, presum-
ably suited to the treatment of the ore,
is shipping it's ore to the shelters. it
being stated that the cost of milling
and the attendant loss of values are
greater than the cost Of treatment at
the smelter 1t would appear from
this statement that either the ore is
not free milling or that the mill work
is not as efficient as it might be. Where
an ore Is free milling it-can be treated
in such mill at cost much below
that of smelling silicious, ore any
where Much of the rich gold ore of
Cripple Creek district of Colorado goes
to smelters, but the telluride ores of
that district are not, strictly speaking.
free milling.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
Simple Geology.

From Stray Stories.
An explorer in a new country makes
most wonderful discoveries by observing
very small facts. He comes to the mouth
of a river. II the water is milk white he
knows that 1t comes from glacier direct,
vet he may see the glacier noun
tains and finds the water quite clear.
That means that the river has lake in
its course which has filtered the water
and taken out all the mad. If the river
is muddyred it comes from a country
of clay; If it is brown it comes from
swamp or forest. If the water is hard"
when he washes his hands that means
a country of limestone. BY the gravel
he knows the exact rocks which are
drained by the river. Speckled rocks
such as granite, tell a story of probably
mountain ranges, even If none are in
sight: and by the speckles the explorer
can tell whether the mountain Is brand
new and jagged or old and worn.
BY the pebbles IL is quite easy, with a
little practice, to read off the history of
country, to guess its age. Flints mean
a chalk formation; ironsands is the best
possible indication of gold; lavas and
basalts mean volcanic action. Terraces
along the coast mean 1t is rising by jumps
as, may be seen In Norway and Chile.
Where the rivers cut deep between sheer
walls on their course from the mountain
to the sea, that there is no rainfall. Mod
ern shells on top of high mountains mean
that the range has only recently been
lifted out of the sea. Hummocky noun
tains or plains are sure to be made of
granite: caves are nearly always in lime
stone sink-holes mean water running be.
Meath.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
Colorado Coal.

After stating editorially that there are
coal deposits all over Colorado that are
practically inexhaustible. the Daily Min
ing Record refers more specifically to
those of Ouray. and says:
Among the best coal fields of the state
which offer reward for the investor are
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

The Mining Record of Colorado
Springs very sensibly suggests that
when local papers give items of mining
news, they should always give the loca
ton of the properties in such manner
that outsiders may know just where
they are. The Standard has frequently
been on the point of throwing out the
same suggestion. The local papers
speak of developments at certain mines
calling tn I'm by names which are usually
familiar to those living in the vicinity,
but totally unknown to people residing
hundred miles away. For example
local paper will state that John Smith
came in yesterday from his mine on
Smith creek and reported thus and so.
These papers all like to have their news
items quoted or commented upon, by
their exchanges; but when they are so
indefinite, they are wholly unavailable
to distant exchanges. The Standard
has often been obliged to omit nice and
newsy items which it would have been
glad to notice, simply because in their
printed form they would have been
wholly unintellgible to it's readers.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
Mining decisions.

Description of Location Must Be Read
lily Understood The provisions of the
Revised Statutes of the United States,
(section 2,32D, require a mining location
to be distinctly marked on the ground
so that its boundaries can be readily
traced. In marking a claim regard must
and the markings be so placed that they
may be readily followed from one to an
other and that person accustomed to
tracing the lines of mining claims can,
after reading the description of them in
the posted notice of the location. by a
reasonable and bona fide effort find, all
the stakes.-Ledoux VS.. Forester (94 Fed
eral Reporter, 600); circuit court of the
United States.
Relocation of Mining Claims. Where
one re-locates a mining claim on the the
Dry that former location by another
was forfeited by a failure to do the neces-
sary amount of work on the same, the
burden is on him to prove such failure in
an action by the former locator to deter
mine the right of possession. A location
notice of mining claim is admissible in
evidence, though the direction of the clos
ing location is indefinitely described. the
location being sufficient in sill other re-
spects, and the proof showing that all
the monuments We're on the ground. a
recital in the location notice of a mining
claim that is a relocation of another
mining claim, is an implied admission OF
the validity of the former location
| Providence Gold Mining Co. VS.. Burke
(57 Pacific Reporter. 6i2); supreme court
! of Arizona.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
IN THE VESTS MINERAL REALM
News About Mining in Montana and
the North west.

Tuesday
attention will
editing is
the public mining
making the Standard the authority region that has not
hitherto had representation
Communications intended the of the Standard will
Standard will
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

as it was two years ago, because prices
generally have risen, and it will take
more dollars now to buy the same guam
tity of commodities. This is just as
true of gold dollar as it is Of silver
dollar or paper dollar. The real value
of dollar depends upon how many
dollars there are in proportion to the
number and quantity Of such other
things as may be offered in exchange
for dollars. 49,
In the economic sense gold changes
in value just the same and just as
much as other things do that stand
against it in trade. It is the fixity of
the money terms that misleads. In the
old days of barter before there was
any coined money, when man want
ed goods if he used gold or silver. he
simply weighed it out in exchange the
same as the other commodity was
weighed. If he wanted more wheat or
iron. he had to weigh out more gold
or silver in exchange for it, The prin-
ciple is just the same now, except that
instead of weighing it out, he counts it
out. Even now when transferred in
large amounts it is weighed, and if
there is any shortage it must. be made
good by putting in more prices,
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

Iron as used commercially is never
pure 1t is mixture of other ele-
ments and iron. Pure iron can be pro-
duced chemically. Piano wire is prob
ably the purest form of iron in use
1877 per cent pure, 0.3 per cent carbon.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

Houghton county, Michigan, in which
Superior region, gives employment to
more than $4,000 men.
The first payment of $4,000 has been
made on the Copper Gulch group of
mines near Battle Mountain, Lander
county Wyoming, by the purchasers,
the Glasgow & Western company.
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

When an ore deposit occurs in
massive rock like granite, porphyry Of
any kind. felsite, andesite, ETC., and
there is found an extensive crushing
of the country rock along and includ-
ing the vein. crosscuts are of utmost
Importance, for the best defined wall
often proves to be merely a plane of
fracture within the mineralized zone
beyond which pay ore may be again
The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28

Australia produces more gold now
now than al any time in her history.
OF this a large proportion comes from
the desert of Western Australia, where
all the water is salt and life is largely
one of constant hardship.
The copper era., 1899-06-01

The London Mining Journal predicts that Arizona will soon pass Michigan and Montana in the production of copper.
The copper era., 1899-06-01
An Arizona Pioneer.

The late Arizona legislature did d fitting thing when it conferred a pension of $25 month on Colonel Charles D. Poston, who is known as the ''Father of Arizona" To old-timers Colonel Poston is un- doubtedly the best known man in the Territory, where he has long resided and of which he was, in a measure, the creator. He first went to what is now Arizona terri tory in 1854, going through the Apache country with band of California prospectors. Some rich deposits of silver were discovered and work commenced, but the mines had to be abandoned when the U. S. troops were withdrawn at the outbreak of the civil war.
 Colonel Poston was for time superintendent of Indian Affairs in the Southwest, and recorder of Dona Ana county which then in cluded all of which is now Arizona, which territory Colonel Poston named, ahd secured the signature vf President to the act giving the territory separate government. In 1864 Colonel Poston was elected Arizona's first delegate to congress. He made trip around the world as an inspector of consulates, and filled several other government positions. For some years past the old gentleman has been destitute, living at Phoenix in an old batter ed adobe shanty. The pension which he now receives will at least keep him from want.
 Poston is a most interesting con- versationalist and writerAand is in many respects an origih8t man. One of his undertakings, when he
The copper era., 1899-06-01
.igbim 1i9di nj gniIiqanE1f yIaesW s-s" n,,,r Encounter With Bears. onr

.IS ei
 e.s,I Encounter With Bears. odr +s, GharleyI Johpsnngo ar cattleman. bripgsito lCiiftonethe,n news ofaquiteIa blood7curdling encounter of several cowbpSsiu,withl hlobearsaroninIIudiah creek; ,iThe,meupthree inonumber, were rounding upiA,.hunchi ofi'cat- tie, ard irhso ,doing,r ran them into a dump of bushesniIn, endeavor- ing to get them :outI ef,theu bushes they ran onto three ebearsthatrwere in the act of devourihg theIremains of COW which theyschadi4 kil1edl The mems first impulse wall to kill the bears, if possible, but. havs ing but one revolver ina.theiiparty little could be done. One' of the bears turned round and received two shots from the revolveEfwheif they retreated by runningaiup the canyon, where they met another cowboy of the same outfit who see. ing the bears coming and not being armed, immediately gave them the right of way, and wheeling his horse proceeded back on the trail, the bears following him. They soon, however, struck his trail and catching up to the fleeing cowboy kept snapping at his horse's hind legs for quite a distance, injuring them badly. The bears then made up another canyon and disappear ed.
 MT. Woodward, builder of the Rands- burg railroad, will soon begin the con struction of road to the Grand Canyon of the Colorado. The road will, proba- bly,, go out from Ash Fork as the grade to the Canyon will be far better than from Flagstaff or Williams so it is claim ed by the interested parties. Flagstaff is by all means the best point as the road would run through most picturesqus country.-Jerome Reporter.