Publisher's Synopsis
Excerpt from Mineral Resources of Minas Geraes (Brazil)
The fact that, in the face of such enthusiastic and unanimous scientific testimony, these gold mines have been abandoned, and these iron deposits have been ignored, only shows to Monsieur Touzeau that the mining history of Brazil forms no exception to the rule of mining that repeats itself in every country. The first stage is marked by the rush to participate in the scramble for the rich alluvials. Then follows the period of ill advised expenditure of capital and the ?otation of worthless and un proved properties, and the consequent interval of discredit, when sound and unsound ventures suffer alike, and this is terminated by the process of weeding out the bad concerns and the prosecution of the good ones on legitimate lines. Brazilian mining reached the discredited stage and stopped.
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