Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1873-07-31
4 New III Dorado.

ICA-A TASTE or THE ARABIAN NIGHTS
AHEAvY REAL ESTATE TRAN sACTioN.
lfrom the Cores pondence Of the n. \. world. !
BUENos AYERS. May 2a--I am enabled
by this mail to send you the particulars.
20 far a. they have yet been made public
OF the discovery OF what. If the accounts be
true, is the richest gold mine in the world
and treasure-house OF the precious metal
almost surprising in value all the mines of
California combined. The scene OF thi.
great discovery Is IN the valley Of Fama-
tina. in the province OF Rioja, Argentine
Republic, and the tidings of the almost
fabulous riches unearthed have produced
the greatest excitement here. Wonderful
a. are the accounts given OF the value OF
the mines, it j. the general opinion tina,
the half /. not known even by the discoy-
erer, and that there i more gold there
then the finder thought at the time OF hi.
negotiating FOR the sale of portion OF the
tract. The single fact that a provisional
transfer title has already been drawn up
for the sale of two leagues ofthis immense
auriferous deposit. By which the vast sum
OF 500, 900. 900 in currency Is 10 be paid, i
the best evidence of the confidence that i
placed in the results of this discovery
The great find" has naturally attracted
the attention of capitalists aud specul A
tors, and while the general public Of
Bueuo> Ayrcs j engaged in wondering
speculaiious and comments As to the pro-
babe advantage to La Plata which may
follow an event which promises to bring
among them 4 great tide Of cmigrants and
gold-seekers dor the fact OF the existence
of the immense undeyoloped mineral rich
OF the Argentine Republic has now been
fully established il Is claimed, moueyed
men have been quick TO turn the discovery
OF the mines 10 immediate account. Par
ties interested have left here for England.
whittier the eyes OF all turn wheu great IL
nancial speculations like this are concern
ed, 10 form copagtnerships with capitalists
to work the mines or else TO hoat the affair
Is joint stock company.
The discovery Of these mines has been
due TO perseverance, supplemented by
science and belief In the mineral riches
OF the republic. Some time since. a Ger
man. a man versed in mineralogy. came
hiiher from Europe, impressed with the
conviction that search properly carried
out would result in valuable discoveries in
the northern provinces OF the Argentine
Republic. On arriving here, he at once
repaired to those provinces and commenC-
ed 10 make a personal survey of the local
tiles which he thought most likely 10 re-
ward his efforts He went from place to
| place pursuing his investigations. Among
| the remotest localities visited by him wa.
the province OF Rioja, a mountainous dis
1 trict. situated among and TO the eastward
ofthe Andes mountains. the northern limit
of which is latitude y degrees. aud the
area of which extends west 10 the Andes
| from longitude &c degrees 20 minutes. To
! the north of Rioja is the province Of Cata-
marca, To the south san Juan and san
| Luis, TO the east Cordova and the western
! boundary. separating it from Chill. is the
| Andes. In Rioja is situated the valley Of
| Famstina. fertile only in spots where the
soil is subjected TO irrigation by streams,
/ and of a length of about 80 miles by thirty
miles in width. The boundaries of this
| valley are on the west Of the Famatna
range, and on the east the Velasco range
| of III mountains. Ii was TO this valley that
| led by his wish TO examine into the silver
mines that it already contains, and hoping
! to make new discoveries in that quarter.
the German finally wended his way. Reach
| ing Chilecito, the principal town OF the
I valley, he entered upon his Investigations.
| In short while he had established 10 his
satisfaction the fact of the existence OF
| gold in the valley. Continued reese arch re-
vealed the fact that upon tract belonging
to the government the precious metal was
| indeed there in abundance. nd he at once,
F, without making public the purpose in view.
! commenced negotiations for the purchase
| of a site. He managed so we'll that the
| spot which he had at first explored com
| prising one league Of land, was sold to him
for very Insignificant sum. This first
| purchase was followed by another and a
larger one, and. In order to include in his
bargain as much as possible Of the rich de-
| post land, he bought in the three leag ues
al 20 h@x- h1a dor "a
discoverer sent to this city full power OF
attorney, which has only recently reached
| here.
When the news of the wonderful discov-
cry was known in this city. the eIciteme mt
, was naturally very great. Perhaps the
facts were exaggerated. but the accounts
were. in substance, that when the mines
should be worked, tens of thousands of
dollars daily would be the product of the
labor. Many refused to believe, AS being
incredible, the tidings of the immense val
lie Of the mines. Not so, however, was il
with all who heard Of it, for it is now
announced in the Daily News of this city
that the provisional transfer title. hereto
fore referred to. has been drawn up at the
office OF Don j. V. Cabral. a notary of the
city. in favor Of the two gentlemen,
Messrs. E. MaderO and Z. Castro. for the
sale Of two leagues ofthe gold tract. The
sum paid, 500, 900, 600 in currency, seems
truly enormous, and the promises made
by the seller ofthe land are equally So
The terms Of the sale are that One-fourih
OF the purchase money shall be cash, the
rest TO be paid on short time instaIments.
the condition being guarantee on the part
of the seller that on moderate outlay the
mines will yield to the owners the prince
~ sum of 81 600 patacones (about e33, 900
In United States currency per day. The
announcement of this extensive transac-
ton has resulted in establishing In the pub
lie mind confidence In the accounts orig
inaliy given, AID, although efforts have
been made to buy portions Of the remain
ing two leagues. the fortunate owners re-
fuses to sell, aud has decided not to offer
the land in this market 1t present. Every
body is now eagerly awaiting the report Of
the engineers who have been sent to Fam a
tina-Rioja to survey the land and make
their report.