New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-14
THE SOUTH PACIFIC MINE.

n
Owing to many inquiries regarding this com
many . reporier was dispatched TO Investigate its
affairs and the results OF his Investigations are heIe""
given;
The companys property, consisting OF two ocatohso
300 feet by 500 feet is situated $50 miles IN westerly
drection from the of ST. Bernardino In the county
Of that name and state OF California. near the salt Lake
route and twenty miles sOutheastward from ho't'nB
Springs 10 the AmargOsa Mountains near "here tne
Amargosa River empties into Death Valley. This NINE
is not new anI having been worked with great proht
as far back as 1853 under the name OF the AinarS"sa
mine and was well known and faVOraDy cohslIeIeu VI
the san Francisco market where It's STOCK mas sou as
high as 81 20 per share In 1861 tho mill was destroyer
by Indians and the miners were massacred thus com
neuing he abandonment OF the mine The Indians, how
ever no longer inles country and no obstacle e1ss
10 the sucrcssiu working of the mine under It's new
owners and management,
Three witnesses testify to the value of the property
Charles A. Luckhardt. Of san Francisco, VINO Tor
years was the private expert OF Mr. RalsOn, ami on
whose from the "COmstock" the san Francisco
market was made Mr. Luckhar1t Is noted for extreme
conservatism and his record made during twen'yseVeh
years Experience the Pacific coast proves MN lndSe
Of mines Second-Mr George Cendon, IT, VINO has Just
returned from tho mine. having been sent by large
stockhodcr. aud not by the company. Mr. Clendons
character aud ability vOuchcd Tor In written letters
by Messrs j. & W. Selgman CO., II. ;. Henry
esq al Exchange place; G. II. kaufman. manager oil
New-York Agency OF the Bank OF Nevada ID. Jackson
steward, esq, u Wiiam-st., and ID. Appleton esq
Third- Professor George A. Treadwo. whose practice"
knowledge mines and high personal character are
known to such Professors Blake, Dana and SiiIl
man. OF Ncw-Hayen. Conn., and 81 john Lubbock,
scientist. ~ p, and banker of London, England.
short extracts from the voiunnous reports OF these
gentlemen are given below:
Mr. LuoAhardt in his report, dated July 3d. ISL says
THE history OF the mine dates back TO lS15 when IL
was by Spaniards then passed into the hands u"
the Amargosa Company IN 1SG1. and worked by
them until the Indians destroyed the companys mil
when work was abandoned In 1881 II came by pur
chase and relocation into the hands OF the present
ovuers No exact record ~ the muo has heen kept but
much gold has been extracted Tn 1862 one blast 81 sew
cral tons o. yielded S1lO)0 In fact 1t l. known that
the richest gold quartz found In California mp 20 1871
came from this mine. The vein occurs IN porphyrltc
belt and has quartz and foldspaT vein matter coorcd
by iron and solely gold with silver Hs alloy SIS
per OUNCE not contaminated with any base metals.
The portions OF tie veins 80 far exposed to
view lead TO expect vast wealth below any
work so far DONE which in place exceeds
$50 feet below the surface" Tho general aver
age OF the ore ranges from $40 to $50, and when
suphurets occur reach 5000 per ton. Tie vcG looks
well aud the rock hard. The mill will crush three
tons DER day per stamp six inches OF running water
eau he conducted 70 the mill and 200 feet fall can be
Obtained; 400 feet being sufficient TO the mill, oh
scarcity Of water need be anticipated" From past
records OF the mine It's output OF when compared
with its yield being worked under so many diiculiies
and bv small 9aucs. without the rcqui7i'" means 10
attack property in proper manner leaves no donDt
that If the ia done ulicnnsy with the proper cap
ita the mne be made 20 yield very handsome
profits" From the ores Of even Sl5 value lucrative
peraiions can be carried on" "The very do
Gle and easily amalgamatcd in the batteries" The
property will warrant the erection OF stamp mil
Mr.. Clendon In his report dated January -. 1882.
says In fact surprised AZ the magnitude o! the
property and frankly assert my belief that 1t will take
rank with the best gold producing mines we have.
think Nr Inckhardts es nate Of the value Of
the ore wiz: $40 $50 per tom IA within tho mark aud
taking the inside, $40 basis tor calculation. the
company's fifty stamp mil should yield. say Gl5O000
one hundred and nfy thousand dollars per month after
allowing wide margin for expenses, wear and tear etc.
But to lim the milling capacity 10 ity
stamps "a the quantity OF orc available for milling pur
poses is practically meEbau'tihe, and will, IN my
opinion, warrant one hunlrcl stamps, OF even moro
The net yield from hundred stamps should be much
greater In proportion than from MY stamps con
grnulate the company in tho selection OF NJ Smith AS
superintendent lie thoroughly understands hi baSi
ness"
Mr. Trcalwcl in MA report dated January 10, 1892.
saws! "Iunho,itatlugy say that the S0Ith Pacific
mines impress equal to any OF the great gold
mines seen. and herewith give you an estimate
of the profit you may REASONABLY expect IEoh my
stamp mill
The mill shOuld crush 80 tons per 2lv, or AZ
twenty-stycu working days to the month,
1850 tons por month, whicn at the average oI
saw $40 per would give gross yield oi 800
Less expense OF 20 per ton 400 tons.-... 2p2j0
Leaves
Deduct 10 per for 1000
Net yield per month 'oVO
"1his confidently believe can be relied upou, bui
urge the importance OF increasing your mill 10 100
stamps within ak months, your mine certainly
rants tho necessary expenditure. tho earnings will
only be much greater, but the expense very much
lcsa, proportionatey."
The president of the company declared his faith in
legitimate mining business but believed the time
had arrived for reform In the Management OF mining
companies He had carefully looked into the South
Pacific mno and hal shown his faith IN the property
by taking considerable amount OF the stock. and in
tended 70 hod il for much higher prices than it had yet
reached The decline the stock pIely
lltive and In his opinion cngnecred To form basis for
"A greater than had vet been the Mining
Board. lie has determined that while be IL president