The Portland daily press., 1879-05-01
MINING ENTERPRISES I'm ARIZO
Ma.
In the Santa Cruz Valley the "ItaIy OF
America"

Two enterprises for developing the mineral
and other resources of Arizona, are now at
tracing considerable attention 10 this city for
the reason that their stock is being actively
offered here, ard that they bear powerful
endorsement in the shape of the names CT
some Of the most prominent and successful
men of the Pacific Coast, who are among their
directors. One of these enterprises is the
Calabasas Land and Mining Company, iucor-
porated under the laws of California, August
"a, 1878, with an authorized capital stock of
100000 shares, of 800 each. United States
Senator Jones of Nevada is one of the directors
OF this company; e. L. Sullivan, Mr.. Jones'
father.in-law, is director and vce-president
George G. Perkins, of the well.known firm of
Perkins, Goodall & Co., steamship owners,
San Francisco, is director; Col. G. P. Sykes,
now in this city, is director and manager;
and Hon. John Currey, ex.Judge of the
Supreme Court of California, is President of
the company.
The Calabasas Company's property consists
OF six mines,-the Buena Vista, San X avier,
Patterson, Arizona King, Arizona Queen and
the Democrat Together with the town site of
Calabasas, all situated in Pima County, in the
Valley of the Upper Santa Cruz River, near
the Mexican frontier and Ga the direct line of
travel between Tucson and Sonora. Col.
Sykes recently arrived in this section and has
made his headquarters in the Boston branch
office of the company "a Congress street, Boston.
He is now stopping at the Falmouth Hotel, and
he exhibits some very substantial indications
of the mineral wealth of his company's proper
by, in the shape of nuggets and gold aud silver
ore.
With the purpose, however, of giving the in
vestmeut additional value as an ind ucement TO
emigration the company have commenced the
development of the town of Calsbasas. They
are there building hotel to cost 500, 900, put
ting up brick stores, and will PROBABLY expend
between 100000 to 100000 in various i'm
provements; and each purchaser of ten shares
of the compsny's stock receives deed also of
town lot 140x50 feet in area. COL Sykes is
quite enthusiastic over the commercial posi-.
bilites of Calabasas; as it is at the junction of
one of the proposed lines of the Southern
Pacific and the newly organized Tucson &
Guaymas Railroad. 1t is also much nearer the
Mexican line than Tucson, which now does
larger deAlcau Itaue anu Is altogether Tue
most important town in the territory. The
stock of the Caabasas Company is now being
sold at $40 per share.
The other enterprise referred to is the San
Xavier Mining and Smelling Company, which
was incorporated under the laws of California,
January %, 1873, with capital stock of 800
per share, and whose property comprises the
Western extension of the San Xavier lode,
together with works already erected. Several
of the directors of the Calabasas Company are
also interested in the San Xavier Company,
and Col. Sykes is the manager of both.
Mining operations have been actively carried
on by the San Xavier Company for more than
a year with great success. The stock of this
company is selling at ST. 50 per share.