The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1873-08-02


for another days journey.
WELT AUSTELLUNG.
ANOTHER "EL DORADO"
The biggest Gold Mine i'm the World
Two Leagues Of Land for 800 1000 900
| [Buenos Ayres Correspondence of the New
York World.
I am enabled by this mail to sent
you the particulars, so far rs they hav,
yet been made public, of the discover.
, of what, If the accounts be true, Is til,
richest gold mine in the world, and {
treasure-house of the precious metal
almost SURPRISING in value all the gold
mines in California combined. The
scene of this great discovery Is the Val
ley Of Famatina, in the Province of Ri
Ola, Argentine Republic, and the tidings
of the almost fabulous riches unearthed
have produced the greatest excitement
here. Wonderful as are the accounts
given of the value of the mines, 1t Is
the general opinion that the half is not
known even by the discoverer, and
that there is more gold there than the
finder thought at the time of his nego-
tiating for the sale of n portion of the
tract.
The single fact that q provisional
transfer title has already been drawn
up for the sale of two leagues of this
immense auriferous deposit, by which
the vast sum of 100000 900 in curren-
cy is to be paid, is the best evidence of
the confidence that is placed in the re-
suit of this discovery. The great
"find" has naturally attracted the at
tention of capitalists and spectators,
and while the general public of Bue-
nos Ayres is engaged in wondering
spe ulatiOns and comments as to the
probable advantage to La Plata which
may follow an event which promises
to bring them a great tide of emf
grants and gold-seekers (for the fact of
the existence of the immense unde-
veloped mineral riches of the Argen-
tine Republic has now been full estab-
lished, it is claimed), mOneyed men
have been quick to turn the discovery
of the mines to immediate account.
Parties interested have left here for
England, whittier the eyes of all turn
when great financial speculations like
this are concerned, to form partner
ships with capitalists to work the
mines or else to float the affair us u
joint stock company.
The discovery of these mines has
been due to perseverance,, supple
mented by science and belief in the
mineral riches of the Republic. Some
time since German, n man versed in
mineralogy, came here from Europe
impressed with the conviction that
search properly carried out would re-
suit in valuable discoveries in the
northern provinces of the Argentine
Republic. On arriving here he at once
repaired to those provinces, and com
menced to make personal survey Of
those localities which he thought most
likely to reward his efforts. He went
from place to place, pursuing his inves-
legations. Among the remotest lOcali-
ties visited by him was the province of
Rioja, mountainous district situated
among and to the eastward of the Adj
des mountains, the northern limit of
which is in latitude $50, and the area of
which extends west to the Andes from
longitude G60 20>.
To the north of Rioja is the province
of Catamarca; to the south San Juan
and San Luis; to the east Cordova, and
the western boundary, separating it
from Chilli, is the Andes. In Rioja is
situated the valley of Famatina, fertile
only in spots, where the soil is subject
ed to irrigation by streams, and of
length of about one hundred and fifty
miles, by thirty miles in width. The
boundaries of this valley are, on the
west the Famatina range, and on the
east the ValascO range of mountains.
1t is 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.
Reaching Chilecito, the principal town
of the valley, he began an investiga-
ton. In short time he had estab-
lished to his satisfaction the fact of the
existence of gold in the valley. Con-
tinued research revealed the fact that
upon tract belonging to the govern
ment 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 explored, COM
prising one league of land, was sold to
him for q very Insignificant sum. The
first purchase was followed by another
and larger one, and, i'm order to in
clude in his bargain as much as possi-
BILE of the rich deposit land, he bought
in the three leagues adjoining. This
having been done, the discoverer sent
to this city a full power of attorney,
which has only recently reached here.
When the news of the wonderful
discovery was known in this city, the
excitement 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 would be
the product of the labor. Many re-
fused to believe, as incredible, the
tidings Of the immense value OF the
mines. Not SO, however, was 1t with
all who heard of it, for il Is now an
nounced in the Daily News of this city
that the provisional transfer title, here
tofore referred to, has been drawn up
at the Office of Don j, Y, Cahral, q no-
tary Of the city, in favor of two gen
tlemen, Messrs. 4. Madero and +.
Castro, for the sale of two leagues of
the gold tract. .
The sum paid, 500, 200, 600 in curren-
CIV, seems truly enormous, and the
promises made by the seller Of the land
are equally so. The terms of the sale
are that One-fourth of the purchase
money shall be cash, the rest to be paid
on short time i'm installments, the con-
dition being a guarantee on the part OF
the seller that on a moderate outlay
the mines will yield TO the owners the
prlnpely sum of 81, 600 patacones (aboui
S33, 900 in United States currency, pei
day, The announcements of this exten-
sive transaction has resulted in estab-
fishing in the public mind a confidence
i'm the accounts originally given, and
although efforts have been made TO buy
portions of the remaining two leagues
the fortunate owner refuses to sell, anC
has decided not to offer the land in thi,
market at present Everybody is nov
eagerly awaiting the report Of the en-
gineers who have been sent TO Famati
pa-Rioia to survey the land and maxi
their report
| IN axnlanation of the ahaenca of fl,,