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der district may be considered as its foundation.
Although a great amount of injury has been done to the progress of the mining industry by the float ing of stocks in companies having nothing back of them but an undeveloped prospect hole, yet the two ^greatest existing evils is the lack of capital on the part of the owner and prospector, and lack of trans portation. GOLD. The search for gold has ever been attractive. Although pioneer and "tenderfoot" alike have loved to live this life of allurement and uncertainty, the prospector for precious metals has now the same •chance to "strike it rich" or "make a stake" as was ■ever held out here or elsewhere. But little of the hid den wealth stored up ages ago in these mountains lias been discovered, while it is nevertheless a fact that Park county has been prospected only in a superficial "way. Whole districts, aggregating an enormous area, and filled with the greatest possibilities have T>een unvisited by those of practical knowledge in quest of hidden mineral deposits. If is no exaggera tion to say that if the practiced eye, aided by a knowledge of metalliferous formations, searches among the mountains for a day it is certain to find locations that will justify work and exploration. This is as true of the old districts as it is of those but seldom visited. As an example, the district of Bear Gulch had been prospected to a certain extent for more than twenty-eight years, when a common landslide in the spring of 1898 revealed to the naked eye one of the richest lodes of gold-bearing ore in the state. The Boulder district had been worked for its JP G-**** * * À - * ■ *;,? . * \ V ; ,-V -* h i 9 4 / * ■■ . A, . ,*• 1 . 1 . V" f4 *** . v " ■ , u y*i\£' . ■■ » . t ^ -jgi • . * * FORT YELLOWSTONE. Belt and Crazy mountains, and the day is not far distant when a second Butte excitement will be realized. Platinum lias been found in the form of placer in the diggings of Emigrant gulch. Bismuth and zinc are also found in small quantities throughout placer "diggings" for many years, when during the summer of 1899 E. H. Cowles, an expert placer miner, had used liis hydraulic works so thoroughly tliat on reaching bed-rock, the leads of very rich veins of gold-bearing quartz were revealed to him. The Emigrant district was until recent years only worked for its rich placer gold ; but great possibili ties await the development of the recently discovered quartz leads in the Great Eastern, St. Julien and the North Star—the St. Julien assaying as high as $368 in gold and about .$40 in silver. A nugget of gold, weighing $58, was picked up in the Yellowstone near the present site of Gardiner by one Jim Pons ford. Rich spots have been found that yielded five thousand dollars per day to the washer, then after it was worked out it might be days or weeks before another was found. Gold is obtained from auriferous gravels of placer mines or from veins or lodes, and by one of the following methods : (a) By smelting ore from the veins or lodes. (b) By milling, amalgamation and concentra tion, together with cyaniding of quartz ores. (c) By placer, hydraulic mining or dredging of gravels. The smelting of the ores in Park county has only been in operation in the New World Mining district. Although this process of reduction would reap an abundant output of the hidden wealth in other dis tricts, yet the lack of capital stands ever ready as a bugbear to taunt the ambitious owner of mines and mining prospects. This district is only in its infancy, to-day; but fabulous possibilities for her future are this gulch. Tin is present in the New World Mining district, and cinnabar is plainly visible in Cinnabar mountain. Lead mining lias been the least important branch in the mining industry, yet the increase made during later years is proportionally greater than tliat shown often given as the judgment of prominent mining experts. Gold to the value of many thousand dollars is obtained annually by the Bear Gulch Mining and Milling company. Plans are in progress for the building of complete reduction works, the supply of ore from the mines necessitating their speedy erection. Placer mining to some extent has always at tended the discovery of gold. It has been extracted from the gravel, either by the old process of panning, or the more expensive methods of dredging and hy draulics. About one-half million dollars lias been realized from the partly developed placer districts of Emigrant Gulch, while the Boulder district (by the recent discoveries of E. H. Cowles) and Bear and Crevice gulches by their past year's output bear evi dence of many millions of dollars in undeveloped dust and nuggets. SILVER. While it is true tliat in this district silver usually accompanies gold in some quantities at least, but of the few discoveries tliat liave been made in silver leads, the decrease in its marketable price has caused such propositions to remain idle for the time being. The production of silver in Park county for 1898 was about 60.34 fine ounces with a coining value of $78.01. Some of the assays made of silver in the New World Mining district yield one hundred fifty ounces per ton, and are now lying dormant. Although rich copper deposits have been discov ered in the Boulder and Six-Mile districts, the lack of capital has prevented their development. The best possibilities for this metal are found in the in previous years. It occurs as a by-product in the output of gold and silver ; but owing to the low price of the ore and excessive freight rates to the consuming point, it is not found profitable to be de veloped to any great extent. Iron ore abounds in the Boulder, Six-Mile, Emi-