Transvaal Problems; Some Notes On Current Politics by Lionel PhillipsTransvaal Problems; Some Notes On Current Politics by Lionel Phillips

Transvaal Problems; Some Notes On Current Politics

byLionel Phillips

Paperback | January 30, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905. Excerpt: ... CHAPTER III THE MINING INDUSTRY Gold-mining has usually been regarded as a gambling business, and before the discovery of the Witwatersrand it is not surprising that this should have been the case. Quartz-mining is proverbially hazardous, and great fissure veins that have given enormous returns have with but little warning ceased to yield the precious metal in payable quantities. It has become customary, therefore, to value them strictly upon the amount of ore in sight, because the element of uncertainty as to what the next level in depth might disclose has rendered a calculation upon any other basis purely speculative. Rich alluvial fields have in some instances maintained a comparatively consistent yield, and the extent and thickness of the deposits have often been ascertained with some precision; but the claims from which great riches have been extracted, in the shape of nuggets, have generally offered no indications by which their metallic contents could be approximately estimated. The very precarious nature of the ventures has, not unnaturally, caused gold-mining to be regarded rather as a game of chance than as a serious industry, and it is not to be wondered at, therefore, that the steady-going members of the commercial world have looked askance at business of this character. The discovery of gold in the sedimentary deposits of the Witwatersrand has justly revolutionised opinion Chap. m. UNIQUE CHARACTER OF BEDS 69 upon this subject, and their development has demonstrated that the conglomerate beds are as reliable in their persistency as coal measures, and are, taken over a large area, as consistent in their contents of the precious metal as is a wheat crop in its yield of grain. A great many theories have been advanced as to how the finely-divided...
Title:Transvaal Problems; Some Notes On Current PoliticsFormat:PaperbackDimensions:120 pages, 9.69 × 7.44 × 0.25 inPublished:January 30, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:021730110X

ISBN - 13:9780217301107