National Republican. (Washington City (D.C.)) 1872-1888, 1879-12-02
GOV. SHEPHERDS BONANZA
His Promising Mining Enterprise
Down In Mexico.
Tho Company Organized in New York with
Capital OF Three Million Dollars
Gov. Shepherd Elected Manager
Prospects of Fabulous Wealth
"A Description of the
Property, &C.. &c.
The Consolidated BatopiIas silver Mines.

Inc COnsOnuhteu bntOplins SILVER Mines.
The gentleman known as Ex-Governor Shepherd,
has formany years occupied prominent placein the
minds and hearts of the people of the District aud
naturally the curiosity regarding the mining Ell.
especially as it is whispered that he has struck
rich lead" is very great. Governor Shepherd was
tons with him and private dispatches received by
Mr.. Hallett Kilbourne and other gentlemen from
New York yesterday THE NATioNM. REPUBLICAN, is
enabled to present TO its readers the following
facts connected with the enterprise
Governor Shepherds own opinion, that he has OBJ
tanned possession OF one OF the richest mining
properties on the American continent, Is sustained
by the opinions OF the bcstinformed most cautious
and experienced dealers in mines and mining Sc.
curtios. 1t is thought by them That If the yield
only half realizes what can be reason
ably expected OF the mines, Governor Shepherd
will, in point of wealth rank with the bonanza
princes OF the Pacific Slope; The organization of
the committee was effected in New York yesterday
by the selection of the following officers; President
George W. Quintard; resident vice-prcsident,
John r. Robinson: Yce.president and gen.
eral manager, Alexander X. Shepherd: sec
rotary, Charles I. Barney treasurer James
ID. Smith; executive committee, George W.
Quintard, Henry IIavemeyer, Charles \, Barney
James d. Smith and Andres h. Stone. The name
Oft the company as reorganzed is The Conson
dated Batopilas Silver Mining Co of New York and
Mexico" The name is only slightly changed from
that which has been borne by the mine for q hun
dred years or more. The capital of the company Is
by persons interested in the management and II is
intended that none of this stock shall be placed on
tue lOulkCl Inc pOaTu OF directors includes some
Of the best known business men aud fnauCicrs OF
New York and other cities Among them
are William, G. Fargo, the wcll.knowm
BEN p. Cheney, of Boston, vice.prcsdent Of the
Atchison, Topeka 4 Santa Fe railroad: james
ID. Smith, of tile banking firm Of Jamison. Smith &
Cutting, of New York ex-senator Chafiee, the
principal owner OF the famous Lcadvile mines ;
4. b. Stone the iron manufacturer of Cleveland ;
Steamship line Henry Havemcyer, of New York
the wealthy sugar retner Mr.: Mitchell, promi.
nent New York broker; A. II. Barney, President Of
The United States Express Company; Charles T.
Barney, of New York; Ex-Governor Shepherd and
l.. IL. stevens, of Washington. The stock has been
paid for and contract has been made for 100000
worth of the most improved machinery. Ex-Gov-
ernor shepherd as manager OF the mines, will take
MS residence at the mines as soon Us the machinery
is finished and shipped He Will take his family
with him and establish permanent residence
there 1t is the intention of the company TO spare
no expense in developing the mines, and cx-
Governor Shepherd will operate them with as
large force as can be employed. For Il number
OF years a small force of men, not exceeding tily
| in number, have been employed in working the
mines but the profits of their labor amounted to
S22b,OOO The mines III question are the ConsOli-
dated Batopilas silver mines, located in the Sierra
| Madre mountains, in the State OF chihuahua,
| about 800 miles from the coast of Mazatlan. Tile
| firm of Wells Fargo Il Co. have operated the prop
erty for nearly twenty years. aud have gained
| annually profit almost equal TO the original
| cost. The new owners expect to produce lar
greater yield by increasing tie working force ten.
fold, aud by introducing all the modern appliances
| for mining within the last ten years tie mines
yielded in single year So 10000 over expenses,
| and when owned and operated 10y the Marquis Of
Bustamente, yielded in q few years s2i,OOOOOo.
| There are four distinct mines, Il substantial
ping seventeen veins OF rich promise. The
| property purchased includes confirmed
grant OF land of 100000 acres, with houses mills
and stores and water-power sufficient for all uses,
| together with other personal property 10 the ex-
tent of half million OF dollars. The indomitablc
| energy of Ex-Governor Shepherd will be directed
to developing the wealth OF these rich mines. lie
says that he intends 10 devote himself entirely 10
| this work.