A Guide to the Mount's Bay and the Land's End: Comprehending the topography, botany, agriculture, fisheries, antiquities, mining, mineralogy and geology of West CornwallParis, John Ayrton
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A Guide to the Mount's Bay and the Land's End: Comprehending the topography, botany, agriculture, fisheries, antiquities, mining, mineralogy and geology of West Cornwall
Paris, John Ayrton
Cornwall (England : County) -- Guidebooks
With respect to the value of the mines, considered as property, it
may be observed, that the whole concern is a Lottery, in which there
exist many blanks to a prize, and were the whole of the speculation to
be invested in any one individual, there is no doubt but that, after
paying the required dues to the lords of the soil, and defraying the
necessary expenses for working the mines, he would at the conclusion
of the year be a loser by many thousand pounds. It is very true
that there are many cases of extraordinary gain,[105] but these are
balanced by more numerous concerns in which loss is incurred. How
then does it happen that any capitalists can be induced to engage
in the speculation? The answer is obvious, for the very same reason
that they are induced to purchase tickets in the State Lottery.
There are moreover additional motives which induce individuals of
a certain description to embark in the speculation, although, as
simple adventurers, they may scarcely anticipate success, such are
landholders, who are naturally desirous of promoting an undertaking
from which they must necessarily receive considerable dues; or
merchants, who by becoming shareholders, are empowered to supply the
mines with timber, candles,[106] gunpowder, and other articles which
are required for its working.
Having thus considered the mode in which the ore is excavated from the
mine, and brought to the surface, let us examine the processes which it
ultimately assumes the state of marketable metal.
Public-domain text, read in full here on John Shaqi.
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