The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-28

their FIRST dividend In 1878, and since then
have been paying regularly. having 1iStrlh-
utcd in divide nds more than SSOOO,OOO,
The total exports of minerals now amount
to 100000 annually, and there are about
60OO men at work In the mines. Not only
tin but also gold, silver, copper iron mud
coal are taken out, as well rs small
amounts Of other metals.
one Of the most wonderful mines Is the
Mount Iyell gold mine, which was dlscov-
cred In 1851. This was thught y be Of
MS gold mine. but was aftcrwur1 found
to contain copper gold ana silver, hnd the
ore WAS reduced after modern processes OF
smelling copper. The results were So great
that the company was reOrganiZcd with Il
capital of about S4500.O0O. railroad was
built from the mines to the smelling works
and within a short time the company had
1--WE smeters treating l1,0O0 tons of ore a
month. This company paid Its first dlvi.
dcnd In 1897. and by the middle of the year
following II had distributed to its stock.
holders more than million dollars, II now
Paws out about $1,000 month In salnries
and Is making money right along out OF
copper, silver and gold.
The klondike OF Tasmania.
There is a government mining bureau
here at Hobart, from which learn the fol
lowing concerning this new mining region
of western Tasmania which may be called
the klondlke Of the country. So far much
Of the minerals have come from the north.
east, great deal Of tin and gold having
beer taken from the right ear of this
heart shaped island. In the west hut little
mining was done In early days. and the do.
velolment there has been comparatively re-.
cent within the past decade towns have
heen sprnging M almost as fast as In our
mineral regions OF the West and new town
| ships are being applied for every few
| weeks. Several railroads have been built
anu deposits OF gold, Tin and copper have
| been found.
No Chance for Americans
have made some Inquiries about lands,
both mineral and agricultural. and as a re,
suit believe that there is little chance here
for Americans either in mining or farming
! Nearly every bit Of good land has been
/ taken up. There are many men who own
| large tracts and some who are very rich
| formers The government sells the public
HhIs IN blocks Of from fifteen to 400 acres
AZ - per acre IN cash. or for little more
| rea' estate sales and II seems 10 me that
/ farms aud city property bring almost MS
/ nn nttdi aRa IN many cases more than in the
Lying, is, II anything, cheaper In Tas.
| mSnA than with us hut wages are lower
Issmh hands get from, 30 70 $3.50 per
apo1t S2'o a year. aud common lahorers
! reeve Anout II or Sl.d0 a day. As TO
clerks and booSkeepers, they are poorly
PAID, and there are few such places open.
domestic servants are in demand aud their
wages are about the same as With us tho
4 New Zealand - -
Ono OF the troubles about clearing the
/ goNsfnment lands is the dense growth OF
tlmnrl which must he cut down before they
can nc used The climate here is rather
I moist and the underground Is thicker than
~ most parts Of our country Much OF thp
tlhlhtr Is me eucalyptus, but there are also
nrcvnes' ,1ogWoods, oaks and other hard
woods. There are millions ~ acres of vil-
I'm FORESTS, containing excellent timber
( some 81 this Is now being cnt down and
Sntpped as railway ties to South Africa.
aud some Is being cut nm into naylng hlocks
4 for expectation 10 England
Frank q. Carpenter