The Engineering and Mining Journal 1891-01-17
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Jan. 17, 1891. THE ENGINEERING AND MINING JOURNAL. 83 lead decreased, notwithstanding the high prices for both metals, which have ruled during the year. This falling off in the case of silver amount¬ ing to no less than 1,675,000 ounces, while even the total value of the lead, copper and precious metal product is less by some $60,000 than in the Lining preceding year. It would seem from these statistics, then, that instead of the era of un¬ paralleled prosperity which we have heard of in Colorado since the par¬ tial exclusion of Mexican lead ores and the rise in the value of silver, the situation of the mining industry in that State has not improved at all. The reason for the decrease in amount of lead and silver output may be in part attributed to the decreasing grade of the ores of Leadville and Aspen, but there must also have been less ore smelted from other parts of VpL. LI. JANUARY 17. No. 3. the State. These ores are silicious, or contain only a small amount of lead; too little to classify them as lead ores, but they help to swell the BIOHABD P. BOTHWELL, O.E, M.E., Editor. grand total of lead output. R0S8ITEB Wi RAYMOND Ph.D.) M.E, Special Oontribator. Cable Addres>s ; “ Rothwell. New York.” Use A. B. C. Code, Fourth Editior, London : 76 Finsbury Pavement, London, E. C., Mr, Thomas B. Provis, Civil FREE COINAGE OF SILVER. and Mininu Engineer. Manager. Mexico ! Mr. R. E. Chism, M. E., Callejon Espiritu Santo No. 4, City of Mexico. The advocates of the free coinage of silver have captured the United Perui S. A.: Mr. John Newton,-No. 2 Calle Constltucion, Calla. States Senate by a vote of 42 to 30, and have passed the bill of which tlie Australasia : Messrs. Moffat, Judd & Co., 11 Bridge street, Sydn^, N. S. W,; Mr. VV. Forster, 56 Elizabeth street, Melbourne, Victoria; Messrs. J. T. Partridge text will be found printed on another page. Outside of Ckingress there has & Co.. 134 Manchester street. Christchurch. New Zealand. of late been accumulating evidence, in the influential newspapers of the Subscription Price, including postage : West and of the East, of a growing opposition to this unwise measure. Weekly Eldttion (which includes the Export Edition), for the United States, Mexico and Canada, $4 per annum; 12.25 for SIX months; all other countries in the The policy of the Engineering and Mining Journal on this important Postal Union, $5. subject is well known, and is inspired solely by a desire to promote the Monthly Export Edition, all countries, $2.50 gold value per annum. Remittances should always be made by Bank Drafts, Post-Office Orders or best interests of the w’hole country and especially of its wage earners, Express Money Orders on New York, payable to The Scientific Publishing Oo. All payments must be made in advance. w hether in the silver mines of the West or the cotton factories of the East THE SCIENTIFIC PUBLISHING CO., Publishers, and South. Sophia Braeunlich, Sec’y & Treas. R. P. Rothwell. Pres, and Gen’l Manager. The Engineering and Mining Journal has always earnestly advocated P.O. Box 1833. 27 Park Place, New York. international agreement to fix a ratio of gold to silver at which all the OOMTtllTB. large commercial countries will accept either metal. Under such an agreement silver and gold would circulate together. We have alwajs Page, i Page. The Mines of Colorado. 83 ■ •Buchanan's Granulator. 87 opposed the policy of the United States undertaking alone to buy all the Free Coinage of Silver. 83 •Ore Dock of the Duluth. South Shore The Copper Production and Consump- | & Atlantic Kailway Company at silver that may be offered in order to raise its value, or, worse yet, to tion in 18<J0 83 ; Marquette, Mich.—II. 87 adopt free coinage of silver, which would depreciate rather than advance Report of Experts—The Capacity of •1 «ading Coal Men. 91 the Brooklyn Bridge. 84 Nitrate of Soda.. 7. 91 the market value of silver, and would simply drive gold from circulation The Nicaragua Canal. 84 I The Anthracite Coal Production of and depreciate our money to the level of the commodity bullion, as is now The Market for Gold and Silver Ores Pennsylvania. 92 in Colorado. 85 Metallurgy of Steel. 92 the case in India and other free-coinage countries. Books Received. 85 Railway Consumption of Coal. 92 Black Manganese.^. 8) *The Brooklyn Bridge Problem. 93 Who would be the gainers and who the losers by free coinage‘r The 1 he Panama Canal. 86 Text of the Coinage Bill Adopted by gainers at first, at least, would be the great silver producers, such as the Remedies for the Smoke and Sulphur the United States Senate. 94 Fume Nuisance. 86 The Mica Industry in South Australia 94 rich owners of the Ontario mine, the Granite Mountain and other large The Cyanide Process for Extracting The Silesian Nickel Deposits. 94 Gold and Silver. 86 Christomano’s New Melting Point producers of the metal, and perhaps especially the swindling Comstock mill Preliminary Plotting. 86 ' Apparatus. 94 ring. The chief losers would be the workmen throughout the country, The Heerdegen W'^ater Finder. 86 Patents Granted. 94 Direct Combination of Iron and Car¬ Personals. 95 who would receive the same number of dollars as wages, but they would bon.:. 86 Obituary. 95 The Kupelwleser’s Modification of the Industrial Notes. be depreciated dollars, which would not buy as much as those they now Process . 87 Societies. get. No sane man can doubt that the effect of free silver coinage would lel Bridge. , 87 i Machinery and Supp 96 . *!Illustrated. lie to drive gold out of circulation and to advance the prices of many necessaries of life. One would suppose that the Repubhean party which Mining News : British Colum Birmingham.. .106 Iron: Arizona.•.... 96 bia. .100 Boston. .107 still holds control of Congress had had sufficient opportunity to app*-ec:iale Alabama.96 Canada. .100 Coal Stocks.. 107 New York. ... 104 the effect of this upon the votes of the country, and would stoutly resist California.96 Meetings. ..101 London. .106 Chicago ....104 Colorado. 97 Dividends. .101 New York. .107 Louisville.KM a course that will aggravate the disaster of November. Georgia.97 Assessments... ,.101 Paris. .106 Philadelphia... 105 Idaho.97 Pittsburg. .106 Pittsburg.105 The Engineering and Mining Journal, however, bases no argument Kansas.98 Mining Stock San Francisco. 107 on political expediency or party politics. The adoption of free coinage Michigan.98 Markets: St. Louis. .106 Chemicals and Missouri.98 New York_ ..101 Trust Stocks. .106 Minerals.105 stopping the purchases of silver would no doubt cause a decline in the Montana.98 Boston. ..101 Nevada. 99 Denver . ,.101 Markets : Building Mate¬ world’s market price of the metal. We are now' buying at least all the sil¬ New Mexico. 99 St. Louis. .101 rial Market. 105 ver w’e produce, and this country w'ould before long offer no better market Ohio.lOO 1 San Francisco. 101 Coal: Pennsylvania.... 100 Lake Superior New York. ... .102 Current Prices: for the metal than free-coinage India.. The European markets would South Dakota. ..100 Gold and Iron Chicago. .103 Chemicals..106 Utah. 100 Stocks...102 Buffalo. .1(« Minerals. 106 still continue to show the market ratio between gold and silver. Wyoming.100 Pipe Line__ ..102 Pittsburg .... .103 Rarer Metals. 106 It is to be hoped that the House of Representatives, or at least the Mining Stock Building Mat'r. 106 Foreign : Tables: Freights.. ..103 President, will kill this infinitely mischievous bill and save the country Austria.100 Baltimore_ .106 Metals. .103 Adv. Index.xxi from incalculable injury. That the debtor class, which seems to favor THE MINES OF COLORADO. this free-coinage scheme, should ignore the universal experience that capital can always take care of itself and that the losses are finally al- The Denver Repuhlican 'm its issue of January 1st, publishes statistics of w’ays borne by the debtors is perhaps the strangest feature of this “craze.” the production of the mines of Colorado during the preceding year, which in addition to those given in our statistical number, include the value of the gold and silver output of that State, compiled from mint and smelter THE COPPER PRODUOnON AND CONSUMPTION IN 1890. figures. Notwithstanding the infinite care taken to secure accuracy as well as The amounts and values are given as follows : promptness in the statistics of the metals published in the Engineering Amount. Value. Gold, fine ounces. 218.294 84,5i2,136 AND Mining Journal January 3d, we find that two errors occurred in Silver, fine ounces. 19,443,^88 2,0259,908 our copper tables—one through a clerical error in crediting to the C!olorado L«ad, tons. .54,596 4,749,748 Copper, pounds. 2,396,2^ 359,440 Smelting and Mining Company, of Butte, Mont., the product of another Total... 329,880,734 metal by a company having a somewhat similar name, and the other a There is a very considerable discrepancy between these and our own duplication of a certain small amount of copper treated by an Eastern figures concerning the production of lead and copper. We credit Col¬ refining work that had already been included in reports direct from the orado from direct returns by the smelters and refiners in all parts of the mines. country with an output of 63,000 tons of lead and 6,760,000 pounds copper. The accompanying table gives the corrected figures of the copper pro¬ The Republican’s statement cov ers only the returns of the smelters in Col¬ duction of Montana in detail and of the several States apportioned ap- orado, and does not even include all the copper produced by them and proximately.