The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-05-23
Future of Mexican Mining

one Of the results OF the three or more years OF revolution III the
republic Of Mexico that has made 4 deep impression upon The minds
o; western people ! the GENERALIZATION OF the great mining industry OF
that county. Americans own control Of more than one-hali OF all the
mines IN Mexico. and the loss to them has been tremendous. Naturally
there Is much speculation a 70 what The outcome viii be- Il * Ger
tain that these mines canno. Dc operated with profit while the armed
ioTces Of both rebels and iederas are marching up and down the land.
Throughout the west there are NAM men interested in mining who
.roa forward hopefully 10 Z cessation OF hoetiIres in Mexico and a
gradual return 70 normal conditions These men believe that under such
circumstances there would Dc many opportunities in the southern re
public io- men with pluck and a little capital. especially in the mining
business. On The other hand. there are men who believe il is waste
OF tine 70 pin any hope on the mining future OF Mexico; that the presen,
Generalization Of Mexican mining viii rebound 70 The benefit OF the
industry in the United States. Among these is the editor OF the Salt
Lake Mining Review. who edi,oriaized as follows on The subject in the
as, issue Of his publication:
one marked resu, OF conditions which have Tor % long pre-
vailed in Mexico i the paralysis Of mining operations in
clt country. and. Judging the future By The past. Il viii be q long
time before activities there will reach even normal: while II may
BE years before confidence will be . fully restored that capital viii
seek investment there upon 4 scale chroncled before the various
and sundry revolutions were begun that have practically destroyed
every industry Of our southern naghboT. i very evident. there
fore. that from now on the class Of investors who have been auured
70 Mexico because OF many mining opportunities existing there,
will seek other fields, and il i quite natural 70 believe that western
mining camps and districts will greatly benefit thereby.
As a matter OF fact. il Is surprising that men OF means would
seek mining investments in a foreign country. where : many OBJ
sraces have 70 be overcome. and where 50 much hostility exists.
when 50 many golden opportunities abound in the United States.
Il IS true that the belief prevails in certain circles that the big
things OF the west from 4 mining standpoint, have all been &C
qured and that but little remains to tempt the investment OF goodly
sums OF money. This Is not the case. however, and careful in
yestigation would bring 70 light many properties which. undoubted-
X. could be transformed into producing and paving mines al an out
lay much less than would be required in the development and
equipment OF a Mexican mine. Indeed. there Is hardly a district II
the west but that possesses from one 0 a dozen prospects and
mines that would respond most satisfactorily to intelligent opera
ton.
The elimination OF Mexican mining for the time being. at least.
IS almost certain to have a beneficial effect upon the mining III
dusry OF this country.