The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-09-13
GOLD AND
DIAMONDS
Korea Has Stores
Of the Yellow
Metal.
CHINA WILL BE
THE FUTURE FIELD
H K. Hall, a New York Mining
Engineer. Talks of Develop.
mts.. Of the East.

The wealth of the East has not been
developed in the slightest degree as
yet, and to the companies which secure
concessions there are vast fortunes
awaiting the exploitation. H. K. Hall,
one of the mining engineers who has
been at work for the American syndi-
cate which has such valuable mines
in Korea, is one of the through passerre
gers on the Nippon Maru on his way
to his home in New York. After de-
livering himself of the opinion quoted
above he continued:
I'm the mines of Korea there are
vast bodies of mineral. and the returns
from the diggings Is enormous. The
ore runs about SIS to the ton, as a rule.
though there are rich concentrates,
and as the wages average about 10
or 20 cents a day, the profits of the
syndicate which has the American con-
cession is in the neighborhood OF a
round million year. Owing to COM
plications concerning labor the syndi-
cate is anxious to sell, the price being
in the neighborhood of s15.000,00 and
their last offer was 81, 900, 000 The
mining is easy, and the company Is
continually enIarging its plant. There
is now in the course of erection plant
with forty stamps, and the plan is to
erect cyanide plant at this mine as
soon as possible.
''Of course, the people of Korea are
becoming civilized. and there VIII be
heavier bonuses demanded in the fu-
ture The land all belongs to the king,
and he allows none of his people To
become wealthy. There is always a
magistrate who knows the wealth of
the men in his jurisdiction. and when
man of the common people gets too
much money he is taken and whipped
until he gives up to the crown. Yet,
with all this, the king is not very rich.
as he lives at an enormous rate.
THE greatest source Of mineral
wealth, in my opinion, will be China.
The Yellow river is very rich IN placer
mines, and these must have their orig
in in some gold bearing quartz. This
is without doubt within few hundred
miles of the sea, and the development
of that country will result in the find
Ing of very rich diggings in my opinion
The p1acsrs will give all the wealth
that the usual corporation viii want II
the proper concessions are granted, and
it Is the outlook that there will be sew
eral nationalities in the field for the
business at once. There are few con-
cessions now, but these will have to
demand which will be developed when
the large capital comes In to take out
the gold In large quantities.
just before we left Chemulpo there
was a rtlnor that there had been dis~
covered on one of the islands Of the
Yellow Sea rich diamond diggings
Should this be true there will be an
other field for the investment of large
capital. 1t has been known that there
are diamonds there, but the latest dis
| covery is said to be more extensive
| than any other yet found. The Ameri-
can syndicate has made false step in
! the bringing out of men who have con-
tracted to work in the skilled positions
| for small wages. In this way there
has grown q spirit of resentment or
| the part of the others, who have KEEP
the standard of their technical staff al
the highest point 1t will not be long
before there is a general movement II
the searching for gold in China, ana
when 1t is found the richness of tn.
mines will be surprising"