Idaho Springs siftings., 1902-09-13

The above is one of a half dozen let
ters bearing upon the same subject re-
ceived last week. We do not publish
for the purpose of making self presen-
tation of bouquets, but to show that the
papers fight to do something for legit-
innate mining is bearing fruit
We have also received one letter from
mining man in which the idea ad-
vanced is looked upon as dangerous
one for the district This writer states
that the idea of selling stock is n bad
one in any district and points to Grip
pie Creek as a horrible example of what
has been accomplished in that regard.
If the gentleman will look up the pro
duction figures he will see that Cripple
Creek is producing her $2,000,O00 per
month. We are not familiar with the
history of the district in every respect,
but we do know that the present pro-
duction figures are positive and undeni-
able proof of the fact that results have
been obtained. We know that it pro
duces a greater valuation each year
than any other territory of the same di-
mensions in the known world. We
know that it pays a greater dividend
each year than any other territory of
its proportions in the world.
If Cripple Creek is an evidence of
what stock sales will accomplish, for
the Lords sake let us have stock sales.
Scores of responsible mining men
who have grown up with the Cripple
Creek district have visited the Idaho
Springs district and have stated that
with proper development the output of
this district would be as great as that
of Cripple Greek Prominent among
those who have made this statement
is w. w. Kirby, secretary of the Grip
pie Greek Mining Stock Exchange He
said: "The Idaho Springs district is
indeed a wonder If we had the same
rich virgin ground in Cripple Creek the
people would go wild and you would
see millions ready for investment. The
Idaho Springs district even possesses
advantages that Cripple Greek never
has"
Charles Rockaloff, now of Florence,
Colorado and formerly one of the rec
Ognized mining authorities of Cripple
Creek, visited the district this summer,
and, after looking it over carefully, re-
marked: This is certainly surprise
to me. You put this acreage near Grip
pie Creek and there would be one of the
greatest booms in that camp ever heard
of. There never was time in the his
tory of that district where surface indi-
cations were as good as they are here
J. L. Wright of the firm of Wright,
Lily & Co. of Colorado Springs came
to the district, saw everything for HIM
self and then said ''There is not an
other place like it in Colorado. l do
not wonder that Colorado Springs cap
ital is coming this way. We can make
this camp as important as great pro-
ducer as Cripple Creek. You have the
true fissure veins, the mineral and ev-
erything needed"
As we stated before, scores of such
interviews could be used in these col
umns. There is absolutely no question
concerning the future of the district.
All that is needed is capital for devel-
opment and fair and honest expendi-
ture of this capital 1t must not be
paid out in salaries or foolishly expend-
ed in fine machinery and mills where
there is little ore uncovered. And this
brings us back to the first idea so
plainly and concisely put in the letter
from Mr. Waltman.