The record-union., 1899-05-03
Pacific Coast
Mining News.


news will find much to interest them in
the following references to the min
era resources of the Pacific Coast:
AS TO KESWICK COPPER.
Grass Valley Union: The Mountain
copper Company, the smelters and Of
noes OF Which are at this place, is an
English corporation. People here learn
morning OF it's financial affairs except
what is picked up from London finan-
ciai papers and content themselves
Win knowing that over a thousand
men are given employment at the
snelters here and the mine at Iron
Mountain. 1t has just been learned by
the London route that the stock is sell
Ing abroad at about $35 share, which
makes the value of the great copper
property $S,725,00O. The profits last
year We're $4,000 and $325000 has
been set aside for improvements and
extensions this year
RICH MINES SOUTH.
Santa Barbara Times-Index: Much
interest is being manifested throughout
Southern California in the new gold
fields of Lower California. The mines
are, at Santa Clara, which is about flf-
teen miles from the coast and about 300
miles below San Diego. Several peo-
pie in this city are contemplating trip
to the new diggings and it is expected
that there will be a big rush there be-
fore next fall. In speaking of it the
San Diego Union says:
The schooner Anita arrived Thursday
morning from Santo Domingo Landing,
300 miles south of San Diego. The
In
Calmalli mines Weighing 169 ounces.
and valued at So, 295.5o, and 100 sacks
of concentrates weighing 49, tons and
valued at about S514.65
Captain F'uhckA of the Anita brings a
glowing report of the new placer dig
Ngings recently discovered at Santa
Clara, eighty miles southwest of Cal
mAlh and about fifteen miles from the
seacoast. All the men in the vicinity
of Calmalli' who could possibly get
away went to the new diggings, and
men are arriving there from Santa Ro-
salia and the copper district on the gulf
coast. Several hundred men are re-
ported to be on the ground, and Mexi-
canssare headed in that direction from
all points over the peninsula. Only
few men have returned to Calmall from
the placers, and these brought gold
with which to outfit for another trip
to the diggings. The exodus of men
from Calmalli worked hardship on
the crew of the Anita, for upon ar
rival at the Santo Domingo Landing
only two men could be found to assist
in unloading the vessels cargo, task
which ordinarily employs twenty men
1t is said that the largest nugget
found at the Santa Clara placers was
worth, $50. but news of the camp is
hard 10 obtain. There are nearly 1000
men already there, and the most print
tive conditions prevail. Besides the
idle Mexicans of the lower class who
have been attracted there. many prom
inent men of the peninsula are at the
camp. Until their return to Calmalli
or some other place having communica
tion with the outside world the extent
and richness of the new diggings will
not be known. From present appear
ances the camp will become one of the
most important in Lower California.
NO GOLD TRUST.
Grass Valley Union: The general
tendency to the formation of trusts in
this country is bad for producers as
we'll as the consumers who through the
operations of the combines are made
to pay more for what they are obliged
to buy. But the gold-mining industry
is likely always to remain free from
trust influences. 1t is too widely scat
tered and diversified and too much sub
ject to individual operations, to be en-
braced in a trust, as copper mining now
Is. And there is no way of raising the
price of gold. since it is measured by its
own standard of value. The price of
silver. by combination. might possibly
be raised. if the worlds market could
be sufficiently controlled since silver IS
sold in terms of gold. But it is other
wise with the yellow metal An ounce
of gold is worth just so many dollars
in gold, according to the number of
grains of pure gold in a gold dollar.
as fixed by law, and there seems to be
no way to enhance the value of any
given stock of gold bullion other than
by changing the law so as to make
less quantity of gold constitute a dol
lar. For these reasons the gold miner,
owning and developing his own mine,
whether big or little, need have no fear
that any trust or combination of capt.
tai will ever be able to get a cinch up
on him or freeze him out of business.
The gold miners output can not be
undersold, and the world Is his market.
There is no danger that any of our gold
mines win be shut down through trust
manipulations. as has been the case
with flour mills rolling shops and fac
tories of various kinds, throughout the
country. And SO Grass Valley will con-
tinue to flourish. while manufacturing
towns, oil producing towns, and other
places dependent on productions that
trusts may control. will be constantly
quaking with apprehension of shut
down and disasters. There is no dam
ger that gold will go out of fashion
and mining for it is as permanent as
any pursuit under the sun.
NEVADA'S MINING ACTIVITY.
The following interesting items are
from the Winnemucca "SiIver State":
The Salmon district is the largest and
richest copper district in Nevada, and
in less than two years there will be
over 1000 men employed in the camp.
The ore is there in large quantities and
in quality ranging from 30 to 40 per
cent copper. Eastern capital is being
invested in Salmon properties and the
camp will, no doubt, soon experience a
boom unequaled by any camp in the
great West.
The management of the Gold Dust at
Mercur has exposed in the main work.
ings of that property breast of CHINA
bar that the foreman says is one of the
biggest and most picturesque ever en-