The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1873-07-26
ANOTHER "EL DORADO"
the Biggest Gold Mine In the World
Two Lcngucs Of Land for 500 900 900.

TWO hcuEU'S 81 h'Nuh sVF TtW"'"V"'"""'
[Buenos Ayrcs Correspondence Of the New
York world.
] am enabled by this mail to send
YOU the particulars, 80 far rs they have
vet been made public, Of the discovery
of what, II the accounts he true, II the
richest gold mine in the world, and q
trc0Nrc-hOusc of the precious metal
almost surprising In value nll he gold
mines In California combined, The
scene of this great discovery il the Val
ley of tamatinn, in the Province Of Ri
ola, Argentine Republic, andthe tidings
of the almost fabulous riches uncarthcd
have produced the greatest excitement
here. Wonderful Ns are the accounts
given Of the value of the mines, 1t II
The general opinion that the half is not
known even by the disc0yerer and
That there is more gold there than the
finder thought at the time Of his ncgo-
tipting for the sale Of II portion Of the
tract.
The single fact that Il provisional
transfer title has already been drawn
up for the sale of two leagues Of this
immense aurifcrous deposit, by Which
the vast sum OF 800, 000, OOO in Currcn'
cy IL to be paid, il the best evidence Of
the confidence that Is placed in the re-
sthl Of this discovery. The great
"hndn has naturally attracted the at
icntion of capitalists and spcculat0rs,
and while the general public Of TuC-
nos .Ayrcs il engaged in wondering
spe, uations and comments Ns to the
probable advantage 30 In Plata which
may follow an event which promises
10 bring them n great tide OF emf
grants and gold-srokers (tor the inct OF
the existence Of the immense undc-
yeloprd mineral riches Of die ArErn-
tine Rcpuhlir has nov been full c'iab-
lishcd, ii Is claimcdt moneyed men
have been Quicl; 20 turn the discovery
of the mines to immediate account.
Parties interested have left here for
England, whittier the eyes o! all turn
when great financial spcculatlons like
this are concerned, TO form co-partner-
ships with capitalists 10 work the
mines or else Ia float the affair ~ -
joint stock company.
The discovery OF these mines hnS
been due TO perseverance, supple
nentcd by science and belief Ia the
mineral riches OF the Republic, Some
time since II German, u man verscd IN
mineralogy, came here from Europe
impressed with the conviction that 4
search properly carried out would re-
suit IN valuable discoveries IN TIA"
northern provinces OF the Argentine
Republic. On arriving here heat once
repaired TO those provinces, and com
menccd to make u personal survey Of
those localities which he thought most
likely to reward his efforts. lie went
from place to place, pursuing his invcs-
legations. Among the romotcst locali-
ties visited by him was the province OF
Rioja, u mountainous district situated
among and to the eastward of the Adj
DIES mountains, the northern limit of
which is in latitude 2S', and the area OF
which extends west to the Andes from
longitude GO 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 1t
from Chill, 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 IA
length OF about one hundred and fifty
miles by thirty miles in width, The
boundaries of this valley are, on the
west the Famatinn range, and ON the
east the Valasco range of mountains.
1t is to this valley that, led 10y his wish
to examine into the silver mines that
il already contains, and hoping to
make new discoveries in that quarter,
the German finally wendell his way,
Reaching ChilccitO, the principal town
of the valley, he began M investign-
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 u tract belonging tn 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 ut first explored, com
prising one league of land, was sold to
him for very insignificant sum. The
first purchase was followed by another
and larger one, and, in order to in
clude In his bargain ms much as posi-
BILE of the rich deposit land, he bought
i'm the three leagues adjoining. This
having been done, the discOvcrer sent
to this city 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 We're IN substance
that when the mines should he worked
tens of thousands Of dollars would be
the product of the labor. Many re-
fused to believe, rs incredible, the
tidings of the immense value Of the
mines. Not SO, however, was IL with
all who heard Of ii, for II is now an
nounccd 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. Cabral, n no
tary of the city, in favor Of two gen-
tlemen, Messrs. T.. Madero and T..
Castro, for the sale of two leagues of
the gold tract
The sum paid, sl00,OOO,OOO in curren-
cy, seems truly enormous, and the
promises made by the seller OF the land
are equally 80. The terms Of the sale
are that One-fourth of the purchase
money shall be cash, the rest TO be paid
ON short time in installments, the con-
dition being a guarantee on the part OF
4 a - - u. al