Bisbee daily review., 1907-10-09
TREND OF CAPITAL
into OLD MEXICO
mining RecOrd.)

There is a pronounced trend of Unit
ed States and foreign capital into Mex
leo. Many tremendous mining enter
prises have had their inception of late
and the announcements made of va
rious plans afford cause for consider
able speculation as to the extent of fl-
ture mining expansion in the republic.
Some of the most prominent and sue
cessfui mining men of our country
have invested heavily in the several
states. Millions are being spent in
equipment and development, and the
last year or two has witnessed the evo-
luton Of old camps that have been in
the modern days of mining, the near
set approach to absolute primitive
ness imaginable, into modern, up to
date mining eenters. Numerous big
smelling and milling plants have been
and are being constructed and rail
roads are reaching out in all districts
IL IS becoming quite evident that the
ancient mines, operated in the days be-
fore the coming of European conquista.
doris under the crude methods Of saw
ages, are Yeritable bonanZas. Despite
the many years that they have been
worked, there seems no sign of deple-
ton, and estimates made of ore re-
serves in various properties in the sew
eral states and districts that have late
ly come under the notice of big mining
concerns, reach into millions of tons
in quantity and millions of dollars in
value. The crude smelling and metal
extraction methods at the disposal of
the ancient miners fell far short of
saving all values, as a result of which
miners of today are digging out long
covered Stag dumps of old smelters
and realizing good profit in the re-
treating of them with Improved Spro-
ceses. Old mine dumps. long since
hidden by thick growths of vegetation,
and in which even big trees have taken
root, are being eagerly searched for in
order to secure overlooked values. Old
mine workings are being cleaned out
and ore streaks Of great extent. but
of lower grade than the miners of by
gone days cared to give their attention
to, are yielding prolificly. Again. it is
found that there are vast quantities of
minerals containing metals whose ex
istence years ago was little suspected,
and which were then thrown away as
utterly worthless. These minerals af.
ford an incentive for the rehabilitation
of old mines where perhaps the silver
or gold values have been completely
exhausted. Indeed. Mexico Is becoming
a country of wide variety of miner
ais, and the mining industry is no long
er confined to narrow channels. Smell
tiers of improved process are being
erected on sites where others have
stood in the past, and which have been
carried away piece by piece ore even
worn and crumbled into nothingness
By time Conditions are truly chang
ing. A complete evolution is being
wrought and It amounts TO almost as
much as the discovery and exploita-
ton of a newly found country as rich
as Mexico was deemed by the early
ciscovereTs. II is no exaggeration, no
metaphor of speech to say that Ameri-
can investors are looking upon Mexi-
co and its mines today with as much
wonder and eager anticipation as Cor
tez and his followers. when they in
vaded the land seeking for golden
treasure. To be sure, the conquest of
today is peing waged in an altogether
different manner, and Mexico will not
lack in benefits albeit she is actually
an object of invasion. The republic
has figured in romance and mystery,
has been the mecca OF adventures and
the charmed area in which Jasons
have sought the golden fleece, but de-
spite the Snug exaggerations with
which romance has dealt. the reopen
ing Of old mines and the exploitation
of new territory is quite likely to re-