Mohave County miner., 1901-02-23


on the veins on the 100 and 200 foot
levels, and over 100000 tons of ore are
now blocked out. The intention Of the
work now going on is TO double the
showing in order to be certain of
very large tonnage and warrant the
erection of l00-stamp mill. The ore
already exposed gives an average value
of over 5S per ton, and it is free mill
ing, and the lodges are very large. 1t
can be treated on the ground for about
2.25s per ton, including all costs. Il. S.
Thurston of New York made an exami-
nation of the property for the Gooder-
ham Blackstock syndicate at the end
of Decem Der, and his report was so
favorable that the extensive develop
ment contemplated was ordered imme
diately. The property on which the
work is being done is the Stemwinder
In an article recently published in
the National Banker, E. Rich, a promi-
nent banker, comparing the mining in
dustry with the banking business said:
"There is yearly as much money in.
vested in mining as there is in bank
ing, but banking does not prove as
safe or as profitable as mining. In a
time of prosperity the average banking
dividends seldom exceed per cent
year. That the number of dividend
paying mining companies is larger than
all other combined industries is fully
sustained by statistics. That mining
produces quicker and greater profits
than any other industrial pursuit is
evidenced by the score of multi mill
ionaires. That there are risks in min
ing a we'll as in other pursuits is well
known to all reasonable minds, but
that the immense fortunes of the
Mackays, the Fairs. the Floods, the
Sharons, the Baldwins and hundreds
of others, are due TO mining cannot be
denied. According to the census there
is less than one-hundredth part of our
industrial population engaged in min.
ing, producing for one year a mineral
output of 679,597 ,s76s. If other indus
tries we're as productive Of wealth as
mining, we would have, according to
the above ratio, a yearly product of
81 ,959, 1877 COOS, or 22 times as much as
the estimated circulation of gold and
silver money of the entire world. The
yearly product of gold, silver, lead anu
copper alone, if distributed among the
miners engaged in the different mining
states producing these metals, averages
from l,0oJs to 3,G0os per man, or 20
times as much as the per capita of
products of all other combined indus
tries. Mining products, with the ex-
ceptiou of coal, which is consumed, are
increasing our solid natural wealth
without being destroyed, like the veg
etable or animal products"
w. c. Williams, the bonanza king of
Olinghouse, was in town yesterday
carrying bar of gold weighing l29.l9
ounces. 1t was the product of forty
four ounces of Gold Ledge rock which
was crushed at the Slip mill. Mr..
Williams took the brick up to the Mint
and received l93585s for it. His mine
is showing richer with every foot of
depth. Recently seam an inch wide
was struck that assays 2l,O00S a ton.
| He is running 600 foot tunnel to tap
his lead Ii is now in more than half
that distance and has cut three lodges
which assay from 5S to 2js ton. He
expects that the ledge he is running
for will yield him 400 feet of stopiDg
in two feet or ore running nearly l00S
ton. This, with his shafts, will throw
half a million dollars worth of ore in
sight. One of the gold bearing forma-
tions he cut in his tunnel is nine feet
wide and assays 6S ton in free gold.
1t was struck eighty feet deep and
horns only traces on the surface. By
the aid of eight men Williams has
taken out 40,000S in the past ten
months.-Nevada State Journal.
Mr.. George Kislingbury, the well
known mining expert, has impaired
the Oasis some very interesting data
with regard to a mine in the state of
Oaxaca, Mexico, which are sufficiently
interesting to be we'll worthy of repro
duction in these columns. The prop
erty is called Escuadra, and is nine
miles from Ocotlan, in the state named
and bonded to Mr.. Kislingbury aud an
associate, a gentleman named Hamil-