The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-07-23
Ell DORADO AT LAST.
\ Wonderful Gold Mine In the Ar
gentine Republic.
Two Leagues Of Land Bought for
One Hundred Millions Of Dollars.

| oDEhO1 AlhA1l uAhy 49, = oLA SANOASN
by this mail to send you the particulars
50 far as they have yet been made public
Of the discovery Of what, II the accounts
be true, Is the richest gold mine in th'
world and a treasure.hOuse OF th'
precious metal almost surprising in valut
all the mines Of California combined
The scene Of this great discovery Is In th'
Valley OF Famatins, In the province o
RioIa, Argentine Republic, and The
tidings oil the almost fabulous riches un'
earthed have produced the greatest eX
Cit6ment here. Wonderful as are the
accounts given Of the value OF the
mines, It Is the general opinion thai
the half is not known even by the dis
coyerer, and that there Is more gold there
than the finder thought at the time Of his
negotiating for the sale Of portion ol
the tract. The single fact that 8 proVi-
sIonal transfer title has already been
drawn up for the sale Of two leagues oi
this immense aurilerous deposit, by which
the vast sum Of $1000O0,000 in currency
is to be paid, Is the best evidence Of the
confidence that Is placed in the results ol
this discovery. The great "6nd" has
naturally attracted the attention OF capl-
talists and speculRtors, and while the
general public OF Buenos AYres Is en-.
gagged in wondering speculations and
comments as TO the probable advantage
to La Plata which may follow an event
which promises to bring among them q
great tide OF emigrsnts and gold.seekers
(for the TACT OF the existence of the i'm
mense undeVeloped mineral riches Of the
Argentine Republic has now been fully
established 1t ia claimed) moneyed men
have been quick to turn the discovery OF
the mines to immediate account. Parties
interested have left here Tor England,
whittier the eyes OF all turn when great
financial speculations like this are con-
cerned, to form co.partnerships with cap
italists to work the mines or else to float
the affair as joint-stock company.
The discovery oi these mines has been
due TO perseverance, supplemented by
science and belief In the mineral riches
of the republic. Some time since Ger
man, man versed in mineralogy, came
hither from Europe impressed with the
conviction that o search properly carried
out would result In valuable discoveries
In the northern provinces Of the Argen-
tine Republic. On arriving here he at
once repaired 10 those provinces and COM
menced 10 make q personal survey oi the
localities which he thought most likely to
reward his efforts. He went from place
to place pursuing his Investigations.
Among the remotest localities visited by
him was the province OF Riojs, noun
famous district situated among and to the
eastward OF the Andes Mountains, the
northern limit OF which Is latitude 81
deg, and the area Of which extends west
to The Andes from longitude Go deg. 20
min. To the north Of Rloja Is the prov
ince Of CatamRrca, to the south San Juan
and San Luis, 10 the east Cordovs, and
the western boundary, separating It from
Chill, is the Andes. In Rloja Is situated
the Valley OF Famatina, fertile only In
spots where the soil Is subjected to irriga.
tion by streams, and ol length ol about
150 miles by thirty miles in Wldth.
The boundaries Of this valley are on
the west the Famstina range, and on the
east the Velasco range Of mountains.
Il was To this valley that, led by his wish
TO examine into the silver mines that 1t
already contains and hoping to make now
discoveries in that quarter, the German
finally wended his way. Reaching Chill
ecito' the principal town Oi the valley, he
entered upon his investigations, In a
short while he had established 10 his sat-
islaclion the fact Of the existence OF gold
in the valley. Continued research reveal
ed the fact that upon a tract belonging to
the government the precious metal was
indeed there in abundance, and he at
once, without making public the purpose
In view, commenced negotiations for the
purchase of the site. He managed so well
that the spot which he had at first cx.
plored, comprising one league Of land,
was sold TO him for very Insignificant
sum. This first purchase was followed
by another and larger one, and, in order
TO include in his bargain as much as pos
sible Of the rich deposit land, he bought
in the three leagues adjoining. This
having been done, the discoverer sent TO
this city full power Of attorney, which
has only recently reached here.
When the news Of the wonderful dis
coyery was known in this city, the excite
ment was naturally very great Perhaps
the facts were exaggerated, but the &C
counts were in substance that when tho
mines should be worked tens Of thousands
of dollars daily toOtlld be tho product Of tie
labor. Many refused 70 believe, as being
incredible, the tidings Of the immense
value of the mines. Not go, however, was
Il with all who heard Of II, for 1t Is now
announced In the Daily NetuS Of this city
that the provisional transfer title, hereto
fore referred to, has been drawn up at the
Office OF Don. j. V. Cabral, o notary OF
the city, In favor Of two gentlemen,
Messrs, q. Madero and E. Castro, for the
sale Of two leagues Of the gold tract The
sum paid, 100000, 900 In currency, seems
truly enormous, and the promises made
by the seller ot the land are equally so.
The terms Of the sale are that one-fourth
Of the purchase money shall be cash, the
rest 10 be paid on short time In INSTALL
ment, The condition being guarantee on
he pdrt Of Tho HlLer thar on moderGte
OUTLAW Hb mines pal yield 10 tho otoners he
princey sum Of $4,000 pGtdc0neS (db0ut
1888, 900 in United States currency per day.
The announcement Of this extensive trans.
action has resulted In establishing In the
public mind confidence in the accounts
given, and although efforts have been
made to buy portions Of the remaining
two leagues the fortunate owner refuses 10
sell. and has decided not to offer tho land
In Ibis market at present. Everybody Is
now eagerly awaiting the report Of the en-
Cineers who have been sent 70 Famatina'
Riois 10 survey the land and make their
report A "gold fever" similar to that
which sgitated the United States In 1S4O
when the gold discoveries Of California
first came 10 the knowledge Of the public
has begun to set In, and but for the long
distance TO Rioja and the many incon.
veniences Of the journey Of 900 or 700