Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-01-06
hnnrpnJuur u1n1unuru1uu'
Copyrighted, 1899 ny Frank @, carpen-
49, teri

ltlsl
Denver. Colo, Dec, 20, 1881 met
senator Henry NJ. Teller In his office
hare this afternoon, and had a long
Cha, with his concerning the business
situation in Colorado and other mat
tors one Of the subjects discussed was
the wonderful increase in the produc-
,,on Of gold, which has been going on
over the world Said Mr. Teller;
colorado is mining more gold today
than she has ever done. We are now
the chief gold State in the Union. We
nroauced s2S,OOO,OOO worth Of gold last
year and we shall, believe, produce
more than sSO,OOo,OOO this year We
ara opening new mines all over the
state and many OF our old ones are
growing richer as they 90 down.
CRIPPLE CREEK IN 1899
oHow about Cripple creek2" l asked.
"crlpple Creek is steadily widening
and broadening It's areas" said Senator
Teller Its produce is Increasing right
along, and should not be surprised to
see II turn out four or five million dol
lars per month at some time in the flu
ture This would be about as much as
the whole United States Is now doing,
We are improving the processes Of re-
ducing gold. The cyanide method Is
growing better every month, and the
day will come when It will pay to re-
duce ore which has only four or five
dollars worth of gold to the ton In 1t.
At present the ore must carry ten or
eleven dollars per ton to make 1t pay
for the reduction. There is today per-
haps twenty million dollars worth Of
gold lying In the dumps at Cripple
Greek. which will eventually be taken
out. When these cheap processes come
many mines will be worked which are
not worked now, and the increase in
our product will be enormous.
COLORADO VS.. THE KLONDlKE.
How does Colorado compare with
the Klondke in respect TO its gold
camps2" / asked.
1T Is ridiculous to compare Colorado
with the Klondlke." said Senator Teller.
I'VE had one county (Gilpin think the
senator said that produced more gold
last year than the Klondike. | think
men are fools TO go way of TO Alaska,
when they might come here to Colorado
and do equally we'll or better"
But. senator, | understand that your
best mines have been taken. They say
that the English have been gobbllng up
the best things OF Colorado"
That Is not true!" replied Senator
Teller Indignantly. ut comes, | sup
pose, from the fact that Stratton has
sold the Independence mine TO syndi-
cate. He got in the nelghborhood OF
1000 600 in stock and money for IT, a
few others Of our mines do belong 10
foreigners, but the great majority are
in the hands Of Coloradoans Fully 70
per cent Of all the gold and silver mines
Of this State are owned at home. We
don't need foreign capital. We are able
20 develop our own mines. We know
their value and we have the money to
work them, We are able TO stand alone
and are growing more so every year"
MINING AS A PROFESSION.
How about mining as a business,
senator? Does II pay?"
YES, II does" replied Senator Teller.
IF mining Is followed In a common
sense, practical way II pays better and
surer than any branch Of mercantile
business. I know Of nothing. in fact.
IN which the failures are fewer. More
than ninety out Of every hundred mer-
chants fail. Far more than that proper
ton OF miners succeed, and that not
withstanding 50 many men rush into
mining without experience or sense.
You hear OF the big strikes and the
men who make big fortunes. There are
hundreds, yes, thousands, Of strikes Of
smaller amount that you never hear
Of. II a man will study the business
and work carefully and persistently he
has a fair chance Of success. have
just been up In the Occur d'Alene coun-
try. ] saw a young fellow there who
told me he had made 100000 In the last
five years. l met other men who had
done equally as well. We nave cases
here every month OF men who are max
Ing small fortunes"
THE BIG SILVER STRIKE AT
LEADVILLE.
How about the late silver strike at
Leadyille?" said |.
Il really don't know the particulars"
replied the senator. There are many
stories. and matters of that kind are
always exaggerated at first In brief,
however, Leadvllle has number OF sill
yer mines In and about the town which
recently filed up with water. They
were known as the Downtown mines,
TO distinguish them from the mines
higher up. When the water came In
the capitalists who owned them gave up
the idea Of working them. They did
not think II would pay 60 pump the
water out. They were told that Il could
be done for $4,000. but they laughed al
the proposition. The men who had the
scheme in hand then organized the
company called the Home Mining com.
pany. This was made up Of merchants,
small business men and others lnclud-
ing day laborcrs and servant girls who
went into II as speculation purely.
The company secured a lease on the
mines by engaging TO give royalty Of
O certain per cent on ell the silver ore
they got out. They bought pumps and
went 90 work. They finally took the
water all out, and short time ago
struck one OF the largest bodies OF sill
yer ore which has yet been discovered.
You see, those who owned the mine be-
fore had not gone down far enough.
This new company went only few feet
further and struck body CO ore so
great that they don't know yet Just
how big II Is. They have been going
down In different places near By ind
striking II In nearly all cases. II Is
aald 10 cover several acres and 10 be
about twenty feet thick.
What kind OF ore Is IL. SENATOR"
III Is composed OF silver and lead. and
IL Of that nature that the smelters are
glad 10 reduce II for nothing, because
II can be probably used In the smelt-
ing OF more refractory ores. II COM
bines with these ores and makes them
smeltable. The stock in this company
originally sold at 81 a share. II has
recently been bringing all the way from
$50 TO $50"
GOLD BY THE ACRE.
here asked Senator Teller TO give
some idea Of gold values In Colorado.
and In reply ne handed me copy OF