Arizona's yesterday : $b Being the narrative of John H. Cady, pioneerCady, John H. (John Henry)
History
Arizona's yesterday : $b Being the narrative of John H. Cady, pioneer
Cady, John H. (John Henry)
Cady, John H. (John Henry), 1846-1927; Frontier and pioneer life -- Arizona; Pioneers -- Arizona -- Biography
"Gold--Gold.... Lots 'v it!" he informed them, drunkenly, incoherently,
and woke up the next morning to find that half the town had disappeared
in the direction of his claim. He rushed to the registry office to
register his claim, which he had foolishly forgotten to do the night
before. He found it already registered. Some unscrupulous rascal had
filched his secret, even to the exact location of his claim, from the
aged miner and had got ahead of him in registering it. No claim is
really legal until it is registered, although in the mining camps of the
old days it was a formality often dispensed with, since claim jumpers
met a prompt and drastic punishment.
In many other instances the big mining men gobbled up the smaller ones,
especially at a later period, when most of the big mines were grouped
under a few large managements, with consequent great advantage over
their smaller competitors.
Indeed, there is comparatively little incentive now for a prospector to
set out in Arizona, because if he chances to stumble on a really rich
prospect, and attempts to work it himself, he is likely to be so
browbeaten that he is finally forced to sell out to some large concern.
There are only a few smelters in or near the State and these are
controlled by large mining companies. Very well; we will suppose a
hypothetical case:
A, being a prospector, finds a copper mine. He says to himself: "Here's
a good property; it ought to make me rich. I won't sell it, I'll hold on
to it and work it myself."
So far, so good.
A starts in to work his mine. He digs therefrom considerable rich ore.
And now a problem presents itself.
He has no concentrator, no smelter of his own. He cannot afford to build
one; therefore it is perfectly obvious that he cannot crush his own ore.
He must, then, send it elsewhere to be smelted, and to do this must sell
his ore to the smelter.
In the meantime a certain big mining company has investigated A's find
and has seen that it is rich. The company desires the property, as it
desires all other rich properties. It offers to buy the mine for a sum
far below its actual value. Naturally, the finder refuses.
But he must smelt his ore. And to smelt it he finds he is compelled to
sell it to a smelter that is controlled by the mining company whose
offer he has refused. He sends his ore to the smelter. Back comes the
quotation for his product, at a price ridiculously low. "That's what
we'll give you," says the company, through its proxy the smelter, "take
it or leave it," or words to that effect.
Now, what can A do? Nothing at all. He must either sell his ore at an
actual loss or sell his mine to the company. Naturally, he does the
latter, and at a figure he finds considerably lower than the first
offer. The large concern has him where it wanted him and it snuffs out
his dreams of wealth and prosperity effectively.
Public-domain text, read in full here on John Shaqi.
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