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Ch. 3: Precious Gem stones in 1887

Ch. 3: Precious Gem stones in 1887 Page of 36 Ch. 3: Precious Gem stones in 1887 Text size:minus plus Restore normal size   Mail page  Print this page
572                                 MINERAL RESOURCES.
At first they were merely collected by the villagers, who were at­tracted by the beautiful colors; and so little was their value realized that they were used as flints for striking fire with steel. They were so abundant at first that one writer speaks of having seen about a hun­dred weight of them in the possession of a single native. Traders, how­ever, soon carried them to the distant commercial centers, where their value became known. There was an instant rush of jewelers' agents to the locality of the mine, and the price rose rapidly until about £20 per ounce was paid for good specimens, at which rate they have re­mained. The Maharajah of Cashmere promptly exercised his authority and sent a regiment of sepoys to take possession of the mines and harry the natives who were suspected of having stones in their posses­sion or any knowledge of new localities where the gems could be found. Any one they laid hands on who had money was suspected either of having sold sapphires or of being about to purchase them, and was de­spoiled or even imprisoned. This naturally enough had the effect of compelling secrecy. Several crystals were found weighing from 100 to 300 carats each. During the first year of the discovery the Delhi jew­elers are said to have bought up more than £20,000 worth of these sap­phires. Exceptionally fine sapphires to-day bring from $65 per carat to $125 per carat, which is less than before this great find.
The acquisition of the Burmese ruby mines cost the British Govern­ment a vast sum of money. On the wars of 1826 and 1852 England ex­pended $75,000,000 and $15,000,000, respectively, and after all this sac­rifice of treasure the Burmah and Bombay Trading Company claimed, four years ago, that King Thebaw, of Burmah, had arbitrarily can­celed the leases by which the company controlled the output of the ruby mines near Mandalay. A meeting was accordingly held at Ban-goon, on October 11, 1884, presided over by Mr. J. Thompson, agent for Messrs. Gillanders, Arbuthnot & Co. The result was the war of 1886, which involved the raising of an array of 30,000 men and an outlay of $5,000,000, but the British Government gained control ot the long cov­eted ruby mines. The question which next presented itself was, how should they be worked ? Several firms were desirous of securing the lease, and after the Indian Government had virtually closed a lease to Messrs. Streeter & Co., the London jewelers, at an annual rental of 4 lakhs of rupees (£40,000), for a term of five and one-half years, with the privilege of collecting 30 per cent, on all stones mined by others, the home Government revoked the lease for some unexplained reason, probably ou account of trade jealousies, although Mr. Streeter had ap­parently every assurance of the acceptance of his proposition and had even made preparations to begin work at the mines.
The ruby mines of Burmah are situated in the valley of the Mogok, 51 miles from the bank of the Irrawaddy river and about 75 miles north of Mandalay, at an altitude of 4,200 feet. Concerning these mines very little has been learned up to the present, as they were always
Ch. 3: Precious Gem stones in 1887 Page of 36 Ch. 3: Precious Gem stones in 1887
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US Geol. Surv. 1887. Gemstones, Metals.
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