The Arizona sentinel., 1878-08-24
ARIZONA SENTINEL.
SATURDAY, AUGUST a, 1873

FROM parties lately returned
from the Santa Rita Mountains
We get glowing accounts of the
Bushell and Saint Louis mines,
on which the first two companies
in the Toltec Syndicate were or
ganized and incorporated by Col.
j. ID. Graham, its Managing Di-
recton. This gentleman left here
last Wednesday, in company with
Gov. Stafford, bound to the mines
in Aztec and Tyndall Districts.
III. S. Osborn, Esq, prominent
lawyer of Chicago, who has been
in that section examining titles
of mines, etc, spoke very highly
of the two above named. j. G..
Waterman, Esq, Of st. Joseph,
Mo-, who has been, for the past
three months, in and about these
mines, declares them to be far in
advance of what has been said Of
them, both as to richness of their
ore and its quantity. DR.. j. II.
Mckee, of Los Angeles, has been
out there about month, and con-
firms all that has been said by
Others. 1t is now some eighteen
months since Col. Graham organ
lied the Aztec Syndicate, whose
rapid progress is already well
known. Everything indicates, TO
an Observant loOker-On, that the
affairs Of the TOltec Syndicate
will be pushed with even greater
vigor than were those Of the first
named one. Col. Graham is now
about arranging for reduction
works, which have been clamOred
for by Supt. Magee since the
opening of the mines. With him
will go out DR.. II. r. Allen, OF
indianapolis, and party of dis
tinguished gentlemen from the
East, including Prof. Cox, State
GeOlOgiSt of Indiana, Rev. Mr..
Reed, of indianapolis, DIR. John
son and Mr.. E. A. Corbin, of Phil
adelphia. DR.. Allen and Col.
Graham are largely interested in
the Aztec Syndicate-Which is
now Philadelphia institution
and they go to promote and push
on its affairs and to arrange for
the reception of ten-stamp mill
which has recently been purchas-
ed. Having kept our readers
fully advised Of these matters of
SO much Importance to our Ter
ritOry, we are glad to see this real
and genuine progress.
Col. Graham has done good
work for Southern Arizona. Hav-
ing secured control of valuable
mines, he did not follow the easy
and usual course here of raising
money in San Francisco for their
development, by creating fever
ish and evanescent excitement,
levying assessments, and making
a "stock DEAL" regardless of all
interests of stockholders. We
have seen altogether too much
of such business in Arizona.
But he first developed the
property enough toshOw its merit,
and has since been unceasing in
his efforts to have the mines fully
examined by experts and capital
lists from the East, who, unlike
those of California, want good
mines for investment rather than
snowy ones for speculation. The
mines have stood the most critical
examination. The consequence
is that solid men are investing in
them, and work will he carried
on with a view to permanent
profits, and not to spasmOdic divi-
dends, on which to excite San
Francisco and make a market for
stock California men develop
our mines little faster, but East
ern people build the country up
"to stay" They are going to
make, in that Santa Rita country,
a success that will cause the in
yestment of much other capital
in Arizona mines.