The Idaho Springs siftings-news., 1908-08-08
Cunningham ssill Boosts.

cunninaham Still Boosts.
II predict that there will be no ter
ritory of like extent which will, during
the coming twelve months, attract such
favorable attention on the part of the
investing public as that portion of the
Colorado sulphide belt extending from
Boulder county to Breckenridge. This
was the statement made by W. H.
Cunningham to Siftings representa-
tive. while in the city this week. Mr..
Cunningham was formerly editor of the
Gazette in this city, and is at present
one of the publishers of Profit and Loss,
a magazine devoted exclusively to
mining from the standpoint of the in
weston, hence he is in a position to
speak authoritatively on this subject.
1.-THE reasons for making this state
ment are purely logical ones. Capital
is always tickle, and its favoritism
changes much as the swinging of pen
dulum. You will recall that about
eight years ago, as the Cripple Creek
boom subsidized. the interest of Clear
CT6ek equity lIfSACdSCh. NJ thdt Pei
there was perhaps greater volume of
capital which came into the district
than for many years previous. This
interest diminished to an extent during
the labor troubles, a few years ago,
the interest changing to the newer dis
&icts of Nevada. the pendulum has
Nbeen swinging backward for several
months, and now with the revival of
confidence in financial circles, Colorado
is going to receive greater attention,
and Clear Creek county is in the center
of the section to be most favored.
"In the meantime your locality has
cleaned off its old scores. 1t is dis
trict without labor trouble, and it is sur
prising to note the tsmarkable progress
which has been steadily going on in
mining.
1T is unnecessary ia say that the
most important development has been
the closing of the contract for the ex-
tension of the Newhouse tunnel. We
all know the struggle which this tunnel
has had, and we appreciate the fact
that only within the last few months
has it changed from a questionable
theory to demonstrated, practical
reality. This is going to give great
impetus to mining in Gilpin county in a
manner which will benefit both Gilpin
and Clear Creek. 1t is an indication
that operators on both sides of the
county line are awakened to the fact
that the prospesity of each county is
dependent upon the other. 1t truly
marks new era in mining in both To-
calities. The Newhouse success is also
of benefit to the other portions of Clear
Creek county, because its precedent
insures the success Of many other mer-
+ itorious tunnel enterprises not so nearly
~ Ulpleted. Across the range in the
vest Argentine and Montezuma sections
| am authoritatively advised that the
spirited boom which was thwarted last
fall by the financial depression is again
taking form, and the improvements
projected for that locality will be car
red through.
1dhCn OIL ilt Gil tAACAV ID Ai0 hAhASA a.
country that can be made more attract
i've to the man who is looking for con-
eervative investment. The nature of
the ore and general economic conditions
pre- such that they encourage the CO.
operative spirit among mine owners,
Ind the day of larger mining operations
S dawning.
Il believe that the only thing which
ian retard the greatest prosperity this
|ection has ever seen, would be a lack
enterprise and cooperative spirit on
he part of the people representing the
numerous districts in the locality men,
ioned. 1t is gratifying to note. there
ore, that there seems to be general
tendency on the part of all citizens to
ct aside their personal prejudices and
ork together. There will be rivalry
etween camps of course. but believe
his will be of the most friendly charac-
er, and of the kind calculated to help
hemselves by helping others. -
Mr. Cunningham's business in the
hma was to lay the ground work for q
beS4l Clear Creek edition, feature
the September issue of the magazine
which he is interested. About two
ears ago Profit and Loss issued Clear
reek review which was very complete
hd valuable. Copies of this issue are
ill on file in the offices of many in
Fstors and brokers throughout the
untry. 1t was found because of its
mpleteness and the convenient form
the magazine to be of exceptional
lue for reference. Mr.. Cunningham
ates that it is the purpose to make
e forthcoming review even more COM