Arizona state miner., 1920-02-07
NEWS Of THE WEEK
IN MINING CIRCLES
Late Facts About Metals and
Mines as Reflected BY the
Leading Mining Journals.
BY H. B. WATSON.


Average prices of metals compiled by
the Engineering and Mining journal.
gets the following compliment from the
Mining and Scientific Press: "What
New York needs is a Metal Exc hange,
on which all the sales made are duly
registered. AS it is now the attempt
to impose the quotations of the Engin-.
eering and Mining Journal on the in
dustry is an absurdity." This must be
consoling to assessors of Arizona who
are required under the Act to Provide
for Taxation of Mines and Mineral Ores.
to compute the value thereof, based
upon the average market quotations as
evidenced by some established author
ity or market report such as the En-
ginirg and Mining Journal of New York
City. twenty-five per cent of this
computation is the total amount upon
which county assessors shall levy for
taxes. The average prices" quoted
by any trade organ are apt to be not
only inaccurate but more OF. less infiu-
enced by interests in touch with the
publishers.
Ruby Hill development company is "a
private enterprise that has reopened
the famous Eureka Richmond lead and
silver mines of Eureka, Nevada. These
famous old producers were credited in
1890 with having produced $34, 500, 900.
Amicable relations with Mexico will
stimulate American mining in that aw-
fully stricken country. If military oc-
upation of Mexico ensues in response
TO the Otis an Hearst syndicate of war
junkers, aided by few Arizona
don't care damn what happens" ed
'ors, we would acquire ten millions of
Mexican Indians and twelve millions of
mixed Spanish Mexican-negro popula-
tion, IS % of whom are illiterate-a a
highly dangerous factor to American
civilization. The stock of our American
people has already been leavened by an
inferior racial influx that we are trying
may make few mining and oil million
aires, but We breed an interminable
mixture of yellow, red and black races
sure to lower our own standard of stur-
dlest Americanism.
The Silver Coin mine of Union Pass
region has cut a "a inch vein of high
grade silver ore eight feet from the
surface.
The sanitation system of the Copper
Qneen smelter at Douglas now is well
completed. About $4,000 were spent
in change rooms, seeptic tanks, comfort
sta ion. 1t is now one of the most con
'veniently equipped shelters anywhere.
Organization of new companies to re-
open old silver mines keeps growing;
Virginia city. Tonopah, and all the old
silver camps Of Nevada and Colorado,
are booming. A new influx of capital
is stirring old silver camps Of Arizona,
from the Mexican line TO the Grand
Canyon st Wickenbdrg last month. a
miner from Montana appeared with
maps and records taken from old Span
ish archives showing the location of the
San Domingo mines near here that had
been silver producers over 200 years
ago. The old Montezuma. q mine now
operated by Frank White, eight miles
east of Wickenburg, and now owned by
DIR. Ansel Payne of Phoenix, was also
enumerated in copies of record taken at
Mexico City, whence metals were tran
sported by burro pack trains and sold
to the Spaniards in 1868. In two months
a hundred mines hereahouts have been
investigated by investors.
High silver prices is compelling the
various powers to revise silver coinage
Germany has issued 619 marks in paper
money For. the silver mark; Ganada has |
a new silver dollar of 2e8 grains silver J