Volume 12 (1866) (428 pages)

164 The Mining and Seientitic Dress. 'o SALES OF THE WEEK BY THE §. ¥. STOCK & EXOHANGE BOARD. Monday, March 12. AFTERNOON SESS Ne 16 shs Chollar-Potosl at 401@39734 per foot. 6 shs Chollar Potosi at 400 per foot, 53. 6 shs Cboilar-Potost at 406@40742, b 30. ‘6 shs CoollarPotosi at 395 per foot, s 39, 18 shé Yellow Jacket at 600@655 per ft. 2 shs Yellow Jacket at 660 per ft, s5. 6shs Yellow Jacket at 640 per foot, 5 30. 1sb Yellow Jacket at 663 per toot, s3. Ish Yellow Jackct at 660 per foot, s6. 132 shs Ophir at 667@692 per foot, s 3. 4% shs Ophir at 70:\@670 per foot. 36 shs Opbir at 790@685 per foot, b 30. 12 shs Ophir at 670 per foot, s 30. 2 shs Savage at 1100 per foot, b3. 2shs Savage at 1090 per toot 20 shs Daney at 13 per toot. 6shs Belcher at 305@308 per foot 2shs Belcher at 320 per foot, b20. 4 shs Crown Point at 1270 per foot. &shs Crown Point at 1250@1260 per ft, 3 3. 4shs Crown Point at 1260 per foot, b3. 10 shs Overman at 90 per foot, 33. 15 shs Overman at 9734 per fuot. b 30. 10 shs Vontidenee at 75 per share. 27 shs Confidence at 75 per share, 53. 19 shs Imperial at 175 per share. Amount of sales. Tuesday, March 18. a 420 shs Ophir at 650@63254 per toot. 112 shs Ophir at 655@652}4 per foot, b 30. 36 shs Ophir ac 620 per foot, 33. 24 shs Ophir at 635 per foot, b 10. 48 shs Opltir at G35@630 per foot, b 2. 4shs Gould & Curry at 1050 ver foot, 815. 6 shs Savage at 1685@1050 per foot. Sshs Savage at 1075@1060 per foot, s 3. 10shs Chollar-Potosi at.4U9 per foot. 6 shsChollar Potosi at 400 per foot, b 3. 14shs Chollar-Potosl at 416@ 11244 per ft. bB0 4sh3 Hale & Norcross at 1150 per foot. & shs Hale & Norcross at 1160 per sb, s 3. 11 shs Yellow Jacket at 650@61234 perft, 3. $9 shs Yellow Jacket at 640@6U0 per foot. 45 shs Belcher at 319@390 per toot. 2 shs Belcher at 360 per foot, 33." .8 shs Belcher at $55 per foot. 5 6. 20 shs Alpha, O H, at 350@340 per foot. 18 shs Empire M & M Co. at 240@28734 pr sh. 8shs Empire M & M Co. at 23 per sb, 3. 20 shs Imperial at 170 per share, 8 30, 76 shs Imperial at 175@185 per share. 75 shs Slerra Nevada at 12 per share. 20shs Exchequer, at 10 per share, 83 68 shs Confidence at 80@84 per share. 10 shs Confidence at 80 per share, s 3. 20 shs Bulltou at 96@9744 per share. AFTERNOON SESSION, 9shs Chollar-Potosi at 400@397%4 pr ft. 10 shs Cboliar-Potosi at 410 per foot, b 30. 10 shs Chollar-Potosi at 390 per foot, 8 30. 4shs Chollar-Potosl at 408 per foot, b 30. 10 shs Choilar-Potosl at 395 per foot 15shs Chollar-Potosi at 4U5 per foot, b 30. 10 shs Chollar-Potosi at $95 per foot, s 30. 180 shs Opbir at 650 per foot, b 30. 24 shs Opbir at 625 per foot. 12 shs Onblr at 625 per foot. b3. 24 shis Ophir at 620 per foot. 48 shs Ophir at 620 per foot, b 6. 120 shs Ophir at 615@610 per foot. . 18 shs Yetlow Jacket at 600@585 per ft. 8shs Yellow Jacket at 550 per foot, s 30, 2shs Yellow Jacket at 580@575 per foot. 2sbs Yellow Jacket at 540 per foot, 3 30. 1sh Yollow Jacket at 570 per foot. 4a8hs Yellow Jacket at 525 per foot, $30. 12shs Hale & Norcross at 1150 per toot. 22 shs Beleber at 250@320 per foot. lsh Belcher at 820 per foot, 5 10. 4shs Belcher at 345@350 per foot, b 30, 9shs Savage at 1075@1060 per foot. lsh Savage at 1085 per foot, b 30. Ish Savage at 1060 per foot, b10. 8 shs Savage at 1080 per foot, 5 30, 6 shs Savage at 1050 per foot, b30. 4shs Crown Point at 1300 per foot, 3 3. 30shs Overman at 80 per share, b 10, 24 shs Overman at £0 per share, b 3. 10 shs Overman at 80 per foot, b 5, 5shs Overman at 79 per foot, s 5. 6 shs Overman at 75 per foot, s 30. 27 shs Empire M & M Co. at 235@210. 19 shs Imperial at 170 per share. 60 shs Sierra Nevada at 12@11}{ per share. 13 shs Confidence at 80 per share. 25 shy Bullion at 97}2@99 per share. amount of sales.. seccen onn $219,428 50 , Wednesday, March 14, 828 shs Ophir at 63U@700 per foot. 12 shs Ophir at 700 per foot, b5. 96 shs Ophir at 700@690 per foot, b 3. 36 ahs Ophir at 695 per foot, s 3. 15 shs Chollar-Potosi at 39734@395 per foot. 6shs Hale & Norcross at 11090@1050 per ft. 200shs Daney at 12@11] per foot. 23shs Yellow Jacket at 580@600 per ft 2shs Yellow Jacket at 58) per foot, s 3. 10 shs Savage at 1010@1000 per foot,s 30. 6 slis Savage at 1020@ 1030 per foot. 4shs Savage at 1020@1030 per foot, 8 3. 2shs Savage at 1010 per foot, b 3. lsh Savage at 1020 per foot, b 5. 3shs Savage at 1025 per foot. b 10, Ish Savage at 1060 per foot, b 30. 32 shs Crown Point at 1300@1310 per toot. 2shs Belcher at 330 per foot, s 5. 12 shs Belcher at 330@320 per foot. 3shs Belcher at 823 per foot, s 3. 2shs Belcher at 323 per foot, s 10. 1sb Belcher at 230 per foot, 15. 17 shs Emptre M & M Co, 212}4@200 per sh. » Gshs Overman at 70 per foot, a3. 70 shs Overman at 70@63 per foot, 6 shs Confidence at 8 per share, b 30, 15shs Cdnfidence at 75 per share, s 3. 5shs Confidence at 76 per share, b 6. 35 shs Bullion at 100@1)3 per share, b 30. 9 shs Bullion at 97@95 per share. 30 shs Bullion at 95 per share, 8 8. 85 sbs Imperial at 165 per share, a 30. REPORT ON THE Mining District of BATOPILAS, in the State of CHIHUAHUA, MEXICO. {Extracts from a work just issued from the Mining and Scientific Press Job Printing Office.] (Continued trom Page 149.) EL “ PYRAMO,” Which, while giving metal in several small workings, crosses a solitary huge stone or cliff, sticking out to the height of some sixty feet from the side of the hill. In this, near its summit, was found a considerable quantity of massive silver, following which the whole of the rock was traversed, causing a hole which resembles a window, from whicb there is a magnificent view of the valley below and the mountains opposite. LA “TRINIDAD,” Of recent date, was ilrst discovered by gambusinos. It got later into the hands of Don Francisco Viniegra, who, prospecting it merely for some thirty varas, took out some $25,000. Part of this ran in excellent metul, up to perfectly native silver of two and three inches thickness. I saw a single stone, a few years ago, tbat came from it, which was valued at and sold for over $400. This claim was soon after purchased by an American Company ; but they failed to prosecute the work vigorously, although it certainly gives the very highest promise, if a tnnnel should be run, cutting all the lodes some distance below their present works, and these, besides, prospected above at different places. The metal emanating from this district is, besides the visible native silver, exceedingly rich in sulphurets. THE “ ROSARIO” lays on a spur of the same mountain, very near by and nortb from the foregoing. It is a new and almost virgin mine, having only a small shaft of fourteen varas, which gave to its late ownér, Don Ventura Avencino—a Spaniard who died a ‘short time ago—over $16,000, principally in the richest kind of sulphurets, intermixed with solid silver. It is now held by Mr. James Jacques, but not worked at present, although it holds the well justified hope of very rich rewards, laying throughout in first-class mineral grounds. LA “ DESCUBRIDORA,” Another great bonanza mine of the last century, is on the same mountain, a few hundred yards lower down. Of this mine, at present entirely filled up with rainwater, and therefore unaccessible, is only known that it gave, in years long gone by, very great treasure, the amount of which is now lost. i The last one who worked in some of its upper works was the late Don Marcos Viniegra, who, about thirty years ago, took out considerable silver therefrom, but did not get down to the old bottom. It might however again be opened by means of a tunnel, which eould be driven on the lode. Besides these, there are quite a number of other mines and lodes, some of which have been merely picked at, and contain at least very inconsiderable works. Others, as yet, entirely virgin. The majority of such as are favorably looked upon, lay in good mineral ground, and need only some judicious outlay of capital and prospecting in order to show what they are worth. Among them rank: The “Nuestra Sefiora,” on an eastern spur of tbe “ Cerro de Animas,” giving very rich earths near the surface. The “ Camuchin” and the “San Antonio de los Tachos,” botb of which are on aspur to the west of Batopilas. They are old mines, now filled up with water, but have given very rich returns, the latter one especially, in chlorides and earths, (téerras). They could be easily drained by a short tunnel, and profitably rehabilitated, as their general features promise very highly. ‘The “ Sacramento,” a vein of considerable size; the “ Todos Santos,” the “ Gavilanes,” and others on a hill in front and southwest of the “ Pastrana * and “ Arbitrios” mines; the “ Providencia” and tbe “Cobriza,” both on the same spur of and above the “ Arbitrios,” in fact, the latter belonging to its claim, and said to be on the same lode. The five latter ones bave given rich pockets of chlorides and native silver, on or near the surface, but no work has been prosecuted on them since those gave out, and are therefore almost virgin. CONCLUDING REMARKS. I will.now add a few further remarks on the profitability of investments and mining enterprises in Batopilas. First.— Old Mines, celebrated for their great mineral wealth, being generally filled toa great extent with water and rubbisb, or mud, require considerable time and a corresponding capital to clean them out, aud sink after that through the intervening space below their bottom, in order to get anew into the continuance of the silver deposit. They give, however, almost the assurance of another rich reward, if the work is reasonably persevered in. Companies undertaking such, must be prepared to remain out of their capital for at least from one to two ears. Second.—New Mines, or Virgin Veins, do not require much capital for the first year’s work, as a shaft must be first sunk to a depth of from twenty or thirty varas before silver can be expected in sufficient quantities to justify driving levels on the lode. An outlay of from $75 to $100 per week would be sufficient to pay for this work, as hardly more than six or eight men at a time can be profitably employed in a single work. Under all circumstances it would be advisable to have a capital of not less than from $5,000 to $10,000 paid in for working purposes Third—wNew Mines, that have already been opened and yielded some, hold out a great security for an enterprise upon them, provided they lay in goo mineral ground. But all such must be purchased, and eannot be had for less than from $25,000 to $50,000. Besides thes funds, there should be a reserve, or working fund, of $10,000 in eash, to enable the party to carry on works without being cramped. It is necessary to have sufficient means on hand to buy provisions { when cheap, for the support of the workmen, saving somctimes from 15 to 50 per cent. in this way. It is well to get out a large quantity of ore before commencing the amalgamating work; and further, to be able to hoard up the silver buls lion until there is cnough to send directly to the mint at Alamos. Nature, in some minerals, has formed very wide lodes, giving ore of . small dey, whereas here the precious metal is concentrated in rather} narrow veins, but giving as much in one eubic yard, as would be con tained in ten cubic yards in other districts, where the lodes are wide ani the ores poor. For, as I already stated in a previous chapter, they) metal of Batopilas ranges up from, never less than $100 to $500, and] thence to $5,000, $10,000, and $20,000 to the ton. 4 Mining companies wishing to purchase mines, and engage in enter prises in Batopilas, should be very careful in cboosing agents to exan ine them, They should be men well versed in mining, mines, ores, an metalurgy; men who have travelled through and over the Sierra Madre range of mountains, or they may grow faint at heart long before thcy arrive at the mines. Otherwise, the newly arrived agent, fatigu ‘and prejudiced against the country on account of its ragged appearance will have made up his mind, long before entering a mine, tbat it is tod far away from civilization. In my opinion, there is hardly another mineral district existing 1 Mexico, which offers inducements equal to Batopilas, and the time musf by the very force of circumstances, be near at hand, when its ancient fame shall revive and spread anew. We have every reason to be confident in our belief, that within a few months several of the claims will enter into bonanzas, each of which may, and very likely will, turn out many millions of dollars the “San Miguel” claim, for instance,the “Santa Teresa,” the “Sam Nestor,” and the “ Pastrana.” Twoof these, the “Santa Teresa,” and “San Nestor,” are already actually in such. What anextraordinary stimulus these will give at once to the oth enterprises is easily understood; and let, after that, mines like tbe “ Arbitrios,” “Cata,” and others, come in with their treasures, which they may do before a long time expires, the silver produce of Batopi Jas will astonish the world, and mining property rise immensely in value For, if in earlier days, with their scanty means and implements, the Spaniards took out hundreds of millions, and these merely, so to speak, from the surface, what should not then reasonably be expected from o actual facilities, enterprise and capital, after once fairly opening a: prospecting these almost virgin lodes ? Everything, in fact, goes to prove tbat Batopilas contains yet silve enough in its mountains to satisfy our wildest dreams. Where there is grass growing above, there must be roots below to feed it. In regard to the political troubles that this country is laboring undé fat present, we may safely hope that they will soon find a satisfactory solution. As yet, they bave not interfered in the least with our inter ests here, and probably will not for the future, as it is, and must be the): policy of the contending parties to foster, rather than to disturb them. Having nothing further to communicate for the present, I remain Your Respectfully, ‘ [Extracts from the Seventh Annual Cirenlar of the Miners’ Foundry— Now in press in the Minlug and Scicntifie Press Job PrintIng Office.] MINING INTERESTS. From the Mining Review for 1865, in the Mercantile Gazette and Prices Current. This event (the discovery of gold on this coast), like many other important dig upon the trade, industry, and financial aspect of the whole civilized world. The energies of the nations were aroused, emigration was excited, new channels . transportation and travel were opened, and new enterprises were set on foot—every interest and department of labor being made to feel its quickening and invigoratin influences. The finding of gold in California having awakened public attention the subject, led to its discovery soon after in Australia, and finally in Oregon, Briti Columbia, and elsewhere, until there is not at present 2 State, Territory, or perhaps even a province, west of the Rocky Mountains, in which it has failed to be found im remunerative quantities. That the potency of this new agent is tending to revolu fact that the product of the precious metals during these eighteen years, upon thig coast alone, has added nearly one thonsand millions of dollars to the stock pr viously in existence; the contribution from this source being at the rate of mo than fifty millions per annum. * * That this rapid enlargement of f standard measures of values, and medium of exchange, should be attended hy corresponding expansion of prices, and an unwonted excitation in every depai ment of husiness, was not only natural but inevitable. Hence the advance in t prices of property and labor, the impetus given to every branch of industry, whether speculative or practical, and the general activity, mental and material seen the world over, together with that love of exploration and adventure whic this condition of things has tended to nourish, and which has found its most markt development in our own people ; and however the business of mining may flucta= ate, or fail to prove remunerative in certain cascs, it must always continue, as has heretofore been, a leading pursuit, not only in this State, hut npon the entire coast of the Pacific. * * * The receipts of uncoined gold and silver in the city, through puhlic channels, during the past year amounted to nearly $49,000,000 as against $48,000,000 in 1864. In 1868 they were less than $44,000,000 3 in 186 not quite $42,000,000 ; and in 1861 just ahout $40,000,000. During the last twelve months the area of our metallifcrous territory has been considerably extended, while many mills and reduction works of large capacity have been put up in various parts . of the country. The greater portion of these have not yet commenced operations, or been running sufficiently long to tell with much effect upon the product of the year just closed. Another season they will increase in the annual product mater yp ally. Besides this, the business of mining promises to he carried on hereafter with more system and economy, not to say honesty, than has hitherto eharacterizedit a3 conducted in certain cases. The plan of working mines with a view to enhance or .

164 The Mining and Seientitic Dress. 'o SALES OF THE WEEK BY THE §. ¥. STOCK & EXOHANGE BOARD. Monday, March 12. AFTERNOON SESS Ne 16 shs Chollar-Potosl at 401@39734 per foot. 6 shs Chollar Potosi at 400 per foot, 53. 6 shs Cboilar-Potost at 406@40742, b 30. ‘6 shs CoollarPotosi at 395 per foot, s 39, 18 shé Yellow Jacket at 600@655 per ft. 2 shs Yellow Jacket at 660 per ft, s5. 6shs Yellow Jacket at 640 per foot, 5 30. 1sb Yellow Jacket at 663 per toot, s3. Ish Yellow Jackct at 660 per foot, s6. 132 shs Ophir at 667@692 per foot, s 3. 4% shs Ophir at 70:\@670 per foot. 36 shs Opbir at 790@685 per foot, b 30. 12 shs Ophir at 670 per foot, s 30. 2 shs Savage at 1100 per foot, b3. 2shs Savage at 1090 per toot 20 shs Daney at 13 per toot. 6shs Belcher at 305@308 per foot 2shs Belcher at 320 per foot, b20. 4 shs Crown Point at 1270 per foot. &shs Crown Point at 1250@1260 per ft, 3 3. 4shs Crown Point at 1260 per foot, b3. 10 shs Overman at 90 per foot, 33. 15 shs Overman at 9734 per fuot. b 30. 10 shs Vontidenee at 75 per share. 27 shs Confidence at 75 per share, 53. 19 shs Imperial at 175 per share. Amount of sales. Tuesday, March 18. a 420 shs Ophir at 650@63254 per toot. 112 shs Ophir at 655@652}4 per foot, b 30. 36 shs Ophir ac 620 per foot, 33. 24 shs Ophir at 635 per foot, b 10. 48 shs Opltir at G35@630 per foot, b 2. 4shs Gould & Curry at 1050 ver foot, 815. 6 shs Savage at 1685@1050 per foot. Sshs Savage at 1075@1060 per foot, s 3. 10shs Chollar-Potosi at.4U9 per foot. 6 shsChollar Potosi at 400 per foot, b 3. 14shs Chollar-Potosl at 416@ 11244 per ft. bB0 4sh3 Hale & Norcross at 1150 per foot. & shs Hale & Norcross at 1160 per sb, s 3. 11 shs Yellow Jacket at 650@61234 perft, 3. $9 shs Yellow Jacket at 640@6U0 per foot. 45 shs Belcher at 319@390 per toot. 2 shs Belcher at 360 per foot, 33." .8 shs Belcher at $55 per foot. 5 6. 20 shs Alpha, O H, at 350@340 per foot. 18 shs Empire M & M Co. at 240@28734 pr sh. 8shs Empire M & M Co. at 23 per sb, 3. 20 shs Imperial at 170 per share, 8 30, 76 shs Imperial at 175@185 per share. 75 shs Slerra Nevada at 12 per share. 20shs Exchequer, at 10 per share, 83 68 shs Confidence at 80@84 per share. 10 shs Confidence at 80 per share, s 3. 20 shs Bulltou at 96@9744 per share. AFTERNOON SESSION, 9shs Chollar-Potosi at 400@397%4 pr ft. 10 shs Cboliar-Potosi at 410 per foot, b 30. 10 shs Chollar-Potosi at 390 per foot, 8 30. 4shs Chollar-Potosl at 408 per foot, b 30. 10 shs Choilar-Potosl at 395 per foot 15shs Chollar-Potosi at 4U5 per foot, b 30. 10 shs Chollar-Potosi at $95 per foot, s 30. 180 shs Opbir at 650 per foot, b 30. 24 shs Opbir at 625 per foot. 12 shs Onblr at 625 per foot. b3. 24 shis Ophir at 620 per foot. 48 shs Ophir at 620 per foot, b 6. 120 shs Ophir at 615@610 per foot. . 18 shs Yetlow Jacket at 600@585 per ft. 8shs Yellow Jacket at 550 per foot, s 30, 2shs Yellow Jacket at 580@575 per foot. 2sbs Yellow Jacket at 540 per foot, 3 30. 1sh Yollow Jacket at 570 per foot. 4a8hs Yellow Jacket at 525 per foot, $30. 12shs Hale & Norcross at 1150 per toot. 22 shs Beleber at 250@320 per foot. lsh Belcher at 820 per foot, 5 10. 4shs Belcher at 345@350 per foot, b 30, 9shs Savage at 1075@1060 per foot. lsh Savage at 1085 per foot, b 30. Ish Savage at 1060 per foot, b10. 8 shs Savage at 1080 per foot, 5 30, 6 shs Savage at 1050 per foot, b30. 4shs Crown Point at 1300 per foot, 3 3. 30shs Overman at 80 per share, b 10, 24 shs Overman at £0 per share, b 3. 10 shs Overman at 80 per foot, b 5, 5shs Overman at 79 per foot, s 5. 6 shs Overman at 75 per foot, s 30. 27 shs Empire M & M Co. at 235@210. 19 shs Imperial at 170 per share. 60 shs Sierra Nevada at 12@11}{ per share. 13 shs Confidence at 80 per share. 25 shy Bullion at 97}2@99 per share. amount of sales... seccen onn $219,428 50 , Wednesday, March 14, 828 shs Ophir at 63U@700 per foot. 12 shs Ophir at 700 per foot, b5. 96 shs Ophir at 700@690 per foot, b 3. 36 ahs Ophir at 695 per foot, s 3. 15 shs Chollar-Potosi at 39734@395 per foot. 6shs Hale & Norcross at 11090@1050 per ft. 200shs Daney at 12@11] per foot. 23shs Yellow Jacket at 580@600 per ft 2shs Yellow Jacket at 58) per foot, s 3. 10 shs Savage at 1010@1000 per foot,s 30. 6 slis Savage at 1020@ 1030 per foot. 4shs Savage at 1020@1030 per foot, 8 3. 2shs Savage at 1010 per foot, b 3. lsh Savage at 1020 per foot, b 5. 3shs Savage at 1025 per foot. b 10, Ish Savage at 1060 per foot, b 30. 32 shs Crown Point at 1300@1310 per toot. 2shs Belcher at 330 per foot, s 5. 12 shs Belcher at 330@320 per foot. 3shs Belcher at 823 per foot, s 3. 2shs Belcher at 323 per foot, s 10. 1sb Belcher at 230 per foot, 15. 17 shs Emptre M & M Co, 212}4@200 per sh. » Gshs Overman at 70 per foot, a3. 70 shs Overman at 70@63 per foot, 6 shs Confidence at 8 per share, b 30, 15shs Cdnfidence at 75 per share, s 3. 5shs Confidence at 76 per share, b 6. 35 shs Bullion at 100@1)3 per share, b 30. 9 shs Bullion at 97@95 per share. 30 shs Bullion at 95 per share, 8 8. 85 sbs Imperial at 165 per share, a 30. REPORT ON THE Mining District of BATOPILAS, in the State of CHIHUAHUA, MEXICO. {Extracts from a work just issued from the Mining and Scientific Press Job Printing Office.] (Continued trom Page 149.) EL “ PYRAMO,” Which, while giving metal in several small workings, crosses a solitary huge stone or cliff, sticking out to the height of some sixty feet from the side of the hill. In this, near its summit, was found a considerable quantity of massive silver, following which the whole of the rock was traversed, causing a hole which resembles a window, from whicb there is a magnificent view of the valley below and the mountains opposite. LA “TRINIDAD,” Of recent date, was ilrst discovered by gambusinos. It got later into the hands of Don Francisco Viniegra, who, prospecting it merely for some thirty varas, took out some $25,000. Part of this ran in excellent metul, up to perfectly native silver of two and three inches thickness. I saw a single stone, a few years ago, tbat came from it, which was valued at and sold for over $400. This claim was soon after purchased by an American Company ; but they failed to prosecute the work vigorously, although it certainly gives

the very highest promise, if a tnnnel should be run, cutting all the lodes some distance below their present works, and these, besides, prospected above at different places. The metal emanating from this district is, besides the visible native silver, exceedingly rich in sulphurets. THE “ ROSARIO” lays on a spur of the same mountain, very near by and nortb from the foregoing. It is a new and almost virgin mine, having only a small shaft of fourteen varas, which gave to its late ownér, Don Ventura Avencino—a Spaniard who died a ‘short time ago—over $16,000, principally in the richest kind of sulphurets, intermixed with solid silver. It is now held by Mr. James Jacques, but not worked at present, although it holds the well justified hope of very rich rewards, laying throughout in first-class mineral grounds. LA “ DESCUBRIDORA,” Another great bonanza mine of the last century, is on the same mountain, a few hundred yards lower down. Of this mine, at present entirely filled up with rainwater, and therefore unaccessible, is only known that it gave, in years long gone by, very great treasure, the amount of which is now lost. i The last one who worked in some of its upper works was the late Don Marcos Viniegra, who, about thirty years ago, took out considerable silver therefrom, but did not get down to the old bottom. It might however again be opened by means of a tunnel, which eould be driven on the lode. Besides these, there are quite a number of other mines and lodes, some of which have been merely picked at, and contain at least very inconsiderable works. Others, as yet, entirely virgin. The majority of such as are favorably looked upon, lay in good mineral ground, and need only some judicious outlay of capital and prospecting in order to show what they are worth. Among them rank: The “Nuestra Sefiora,” on an eastern spur of tbe “ Cerro de Animas,” giving very rich earths near the surface. The “ Camuchin” and the “San Antonio de los Tachos,” botb of which are on aspur to the west of Batopilas. They are old mines, now filled up with water, but have given very rich returns, the latter one especially, in chlorides and earths, (téerras). They could be easily drained by a short tunnel, and profitably rehabilitated, as their general features promise very highly. ‘The “ Sacramento,” a vein of considerable size; the “ Todos Santos,” the “ Gavilanes,” and others on a hill in front and southwest of the “ Pastrana * and “ Arbitrios” mines; the “ Providencia” and tbe “Cobriza,” both on the same spur of and above the “ Arbitrios,” in fact, the latter belonging to its claim, and said to be on the same lode. The five latter ones bave given rich pockets of chlorides and native silver, on or near the surface, but no work has been prosecuted on them since those gave out, and are therefore almost virgin. CONCLUDING REMARKS. I will.now add a few further remarks on the profitability of investments and mining enterprises in Batopilas. First.— Old Mines, celebrated for their great mineral wealth, being generally filled toa great extent with water and rubbisb, or mud, require considerable time and a corresponding capital to clean them out, aud sink after that through the intervening space below their bottom, in order to get anew into the continuance of the silver deposit. They give, however, almost the assurance of another rich reward, if the work is reasonably persevered in. Companies undertaking such, must be prepared to remain out of their capital for at least from one to two ears. Second.—New Mines, or Virgin Veins, do not require much capital for the first year’s work, as a shaft must be first sunk to a depth of from twenty or thirty varas before silver can be expected in sufficient quantities to justify driving levels on the lode. An outlay of from $75 to $100 per week would be sufficient to pay for this work, as hardly more than six or eight men at a time can be profitably employed in a single work. Under all circumstances it would be advisable to have a capital of not less than from $5,000 to $10,000 paid in for working purposes Third—wNew Mines, that have already been opened and yielded some, hold out a great security for an enterprise upon them, provided they lay in goo mineral ground. But all such must be purchased, and eannot be had for less than from $25,000 to $50,000. Besides thes funds, there should be a reserve, or working fund, of $10,000 in eash, to enable the party to carry on works without being cramped. It is necessary to have sufficient means on hand to buy provisions { when cheap, for the support of the workmen, saving somctimes from 15 to 50 per cent. in this way. It is well to get out a large quantity of ore before commencing the amalgamating work; and further, to be able to hoard up the silver buls lion until there is cnough to send directly to the mint at Alamos. Nature, in some minerals, has formed very wide lodes, giving ore of . small dey, whereas here the precious metal is concentrated in rather} narrow veins, but giving as much in one eubic yard, as would be con tained in ten cubic yards in other districts, where the lodes are wide ani the ores poor. For, as I already stated in a previous chapter, they) metal of Batopilas ranges up from, never less than $100 to $500, and] thence to $5,000, $10,000, and $20,000 to the ton. 4 Mining companies wishing to purchase mines, and engage in enter prises in Batopilas, should be very careful in cboosing agents to exan ine them, They should be men well versed in mining, mines, ores, an metalurgy; men who have travelled through and over the Sierra Madre range of mountains, or they may grow faint at heart long before thcy arrive at the mines. Otherwise, the newly arrived agent, fatigu ‘and prejudiced against the country on account of its ragged appearance will have made up his mind, long before entering a mine, tbat it is tod far away from civilization. In my opinion, there is hardly another mineral district existing 1 Mexico, which offers inducements equal to Batopilas, and the time musf by the very force of circumstances, be near at hand, when its ancient fame shall revive and spread anew. We have every reason to be confident in our belief, that within a few months several of the claims will enter into bonanzas, each of which may, and very likely will, turn out many millions of dollars the “San Miguel” claim, for instance,the “Santa Teresa,” the “Sam Nestor,” and the “ Pastrana.” Twoof these, the “Santa Teresa,” and “San Nestor,” are already actually in such. What anextraordinary stimulus these will give at once to the oth enterprises is easily understood; and let, after that, mines like tbe “ Arbitrios,” “Cata,” and others, come in with their treasures, which they may do before a long time expires, the silver produce of Batopi Jas will astonish the world, and mining property rise immensely in value For, if in earlier days, with their scanty means and implements, the Spaniards took out hundreds of millions, and these merely, so to speak, from the surface, what should not then reasonably be expected from o actual facilities, enterprise and capital, after once fairly opening a: prospecting these almost virgin lodes ? Everything, in fact, goes to prove tbat Batopilas contains yet silve enough in its mountains to satisfy our wildest dreams. Where there is grass growing above, there must be roots below to feed it. In regard to the political troubles that this country is laboring undé fat present, we may safely hope that they will soon find a satisfactory solution. As yet, they bave not interfered in the least with our inter ests here, and probably will not for the future, as it is, and must be the): policy of the contending parties to foster, rather than to disturb them. Having nothing further to communicate for the present, I remain Your Respectfully, ‘ [Extracts from the Seventh Annual Cirenlar of the Miners’ Foundry— Now in press in the Minlug and Scicntifie Press Job PrintIng Office.] MINING INTERESTS. From the Mining Review for 1865, in the Mercantile Gazette and Prices Current. This event (the discovery of gold on this coast), like many other important dig upon the trade, industry, and financial aspect of the whole civilized world. The energies of the nations were aroused, emigration was excited, new channels . transportation and travel were opened, and new enterprises were set on foot—every interest and department of labor being made to feel its quickening and invigoratin influences. The finding of gold in California having awakened public attention the subject, led to its discovery soon after in Australia, and finally in Oregon, Briti Columbia, and elsewhere, until there is not at present 2 State, Territory, or perhaps even a province, west of the Rocky Mountains, in which it has failed to be found im remunerative quantities. That the potency of this new agent is tending to revolu fact that the product of the precious metals during these eighteen years, upon thig coast alone, has added nearly one thonsand millions of dollars to the stock pr viously in existence; the contribution from this source being at the rate of mo than fifty millions per annum. * * That this rapid enlargement of f standard measures of values, and medium of exchange, should be attended hy corresponding expansion of prices, and an unwonted excitation in every depai ment of husiness, was not only natural but inevitable. Hence the advance in t prices of property and labor, the impetus given to every branch of industry, whether speculative or practical, and the general activity, mental and material seen the world over, together with that love of exploration and adventure whic this condition of things has tended to nourish, and which has found its most markt development in our own people ; and however the business of mining may flucta= ate, or fail to prove remunerative in certain cascs, it must always continue, as has heretofore been, a leading pursuit, not only in this State, hut npon the entire coast of the Pacific. * * * The receipts of uncoined gold and silver in the city, through puhlic channels, during the past year amounted to nearly $49,000,000 as against $48,000,000 in 1864. In 1868 they were less than $44,000,000 3 in 186 not quite $42,000,000 ; and in 1861 just ahout $40,000,000. During the last twelve months the area of our metallifcrous territory has been considerably extended, while many mills and reduction works of large capacity have been put up in various parts . of the country. The greater portion of these have not yet commenced operations, or been running sufficiently long to tell with much effect upon the product of the year just closed. Another season they will increase in the annual product mater yp ally. Besides this, the business of mining promises to he carried on hereafter with more system and economy, not to say honesty, than has hitherto eharacterizedit a3 conducted in certain cases. The plan of working mines with a view to enhance or .