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Newspaper
Sierra County Advocate
Location
Hillsboro, New Mexico, United States of America
Date
Sep 14, 1894
Page
1
Correspondence from Kingston notes a gloomy financial mood and silver's impact on the labor market. The writer argues silver production supports widespread employment, outlines how anti silver laws hurt industry, and cites President Cleveland on wage earners. Also reports on Yukon gold yields and Cape Horn prospecting conditions and costs.
In Tierra del Fargo's Cape Horn area Sloggett Bay stands out as the most tantalizing prospecting spot. Numerous expeditions reach the bay near 46 miles west of Le Metre Straits, many claim gold though outfits rarely prosper. The harbor-like roadstead with dangerous southeast seas yields dramatic losses yet legends persist of marvellous nugget gold.
The Denver mining column notes gallium at $3000 per ounce and reports a rich Idaho gold ledge near Boise on Willow Creek with a 24 foot vein, 300 feet long. It cites Keystone mine sale to a New York syndicate for $250,000 cash and describes Magno lia Boulder county calaverite ore at $720 per pound and $144,000 per ton, rare yet in narrow seams.
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