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Updated: May 15, 2025
Chlorinating and leaching generally is a process whereby metals are first changed by chemical action into their mineral salts, as chloride of gold, nitrate of silver, sulphate of copper, and being dissolved in water are afterwards redeposited in the metallic form by means of well-known re-agents.
It thus appears that the system lacks $300,000 a year of paying interest and expenses. It is estimated, however, that when the deposits have reached the sum Of $50,000,000, which at the present rate they soon will do, the system will be self-sustaining. By law the postal savings funds deposited at each post office are required to be redeposited in local banks.
As the surface of the land is slowly lowered by weathering and running water, the zone of solution is lowered at an equal rate and encroaches constantly on the zone of cementation. The minerals of veins are therefore constantly being dissolved along their upper portions and carried down the fissures by ground water to lower levels, where they are redeposited.
The fact that the Leadville ore bodies are sometimes themselves excavated into chambers, which has been advanced as proof of the falsity of the theory here advocated, has no bearing on the question, as in the process of oxidation of ores which were certainly once sulphides, there has been much change of place as well as character; currents of water have flowed through them which have collected and redeposited the cerusite in sheets of "hard carbonate" or "sand carbonate," and have elsewhere produced accumulations of kerargyrite, perhaps thousands of years after the deposition of the sulphide ores had ceased and the oxidation had begun.
Meantime, Ammon addressed the throng, incidentally blackguarding a Post reporter before the crowd, telling them that his paper was a "yellow paper, had never amounted to anything, and never would." Some timid souls took courage and redeposited their money. The run continued one day and cost Ammon and Miller about twenty-eight thousand dollars.
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