Year: 1877

Judge James Walsh, whose mining and milling experience has been as extensive, and whose judgment is as valuable as that of any man now in the practical business of mining, has examined the mines Of this vi cinity pretty thoroughly, and unhesitatingly pronunces this the most promising locality for future mining enterprises of any that. in his extensive mining career, he has ever visited

 In Humbug District. he observes a pecu- harity in th formation of the lodges, that he never met with elsewhere; that is to say the rule has been in other camps and coun- tries. that a small thin vein at the croppings was almost certain to be q mere wedge shaped flake, that would run out in going down short distance; but such Is not the case in Humbug, where he finds, in nearly every instance where a small rich vein crops out, or is discovered blind, the deeps reveal Q good sized ledge. Still increasing in size, and holding it's rich character as 1t descendS towards the center of gravity.

 His opinion is also very favorable of the Goodwin district, where he went last week, Co examine the Kit Carson and Silver Flake properties. He assures us that he has no doubt of the richness and extent of these mines, and believes that proper development will verify the good opinion he has formed of them.

 The want of capital for development is what the country most feels, and not capi- tai only, but organized, or associated capital and intelligent mining management.

 In order to secure this, 1t Is necessary to incorporate and place the stock in many hands, so that in case of failure in the de velopment of any particular mining prop erty it falls but lightly on each share of stock and Is not felt. Of course they do not receive so much profit in case 1t pays a dividend, as if they owned larger portion, or all, but the same owners may be interest ed in many interpretations, and in a rich country like this. 1t Is hardly possibly that, with good management, the paying mines will not over balance the failures, and leave q handsome profit and at the same time avoid the hazard of becoming bankrupt by trying to handle such extensive works alone, as successful operations in mining necessarily involve. The Senator mine if economically handled, by an incorporated association. with resources to draw upon, and to undergo the expense and delay of eN- pertinent and repair without becoming in- volved in debt, and subjected to the pay ment of interest, which is pretty sure to re suit in bankruptcy, he believes would be 8 paying property. It is true that the Sena- tor ores are very base and refractory, but it is also true that they are rIch in the noble metals. and iudIciously expended capital would bring them out.

 The country over which the Judge has travelled in his investigations, he assures, Us is merely scratched, and hardly that, as there are large districts where no pretentions have been made 10 even prospect.

 The Judge will go again to the hills in few days, as he only awaits the arrival of Mr. F. \. Mckay, who is associated with him, and who Is now examining the mines of Globe district, in Pinsl County BIT. Mckay is also a gentleman of extensive mining experience in Cal, and New, where lis opinion on mines is regarded as valua- ble