Synopses & Reviews
Synopsis
Excerpt from Report of Committee on Federal Relations: In Relation to Joint Memorial and Resolutions Asking Government Aid in the Construction of the Sutro Tunnel
That the mines of said lode have been worked for seven years last past, and during this time have produced sixty-four millions of dollars.
That the present annual yield is sixteen millions of dollars, an amount equal to the total annual product of the Republic of Mexico.
That the expense of working these mines so rapidly increases with the increased depth, that the sixteen millions of dollars were last year realized at a cost of fifteen million five hundred thousand dollars and, at the present ratio of cost to production, their resources would, in a few years, be Wholly absorbed, and the mines practically abandoned.
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