Daily Los Angeles herald., 1884-03-14
A pRomIslmc ENTERPRISE.

An Interesting Talk With Promi-
nent Mining Mantle Mines OF
the Colorado Copper Mountain
Mining Company "A Home Enter
prise-Copper Bonanzas and Cop
per Mining-A Source of Wealth.
A HERALD reporter met Mr.. John
Goldsworthy, the well-known mining
man and assayer and Superintendent of
the Colorado Copper Mountain Mining
Company, on the street yesterday. No
ticing that his face was wreathed in
smiles. the news commissioner inferred
the cause to be some new development
in the copper bonanzas in which Mr..
Goldsworthy is interested, and, deter
mined to sift the matter, accosted the
genial gentleman with the question;
1, it true, Mr.. Goldswortby, that you
and your friends have Incorporated your
copper mines, and are going to work on
them at once?
Eyes, we Incorporated more than
month ago under the name of the Colo
RADIO Copper Mountain Mining Company.
Long name that, isn't it? But it takes
in our idea. You see our mines are stu
ated about four miles from the Colorado
River, in Yuma County, Arizona. One
of them 1--WE own seveL) was named the
Copper Mountain, for the reason that
1t is one vast mountain of copper ore,
from which the metal seems absolutely
to be bursting in every direction. Now
you have the origin of s, much name"
''You are very sonfideut that you own
COPPER BONANZA
Are you not!'
"Well, yes As far as there is any
certainty in mining, we are pretty GER
tain that We have very rich properties.
Careful assays of ore, picked up hap
ard, have shown at least fourteen per
cent of copper. with rich traces of gold
and silver. Some of the ore has assayed
as high as seventy-five per cent. Some
assays have shown as much as $22 ton
in gold and silver, which is paying ore,
you know, without taking into consider
alton the copper. A fair average. how
ever, is about eighteen per cent, and it
is q well-detsrmined fact that copper
works up to its assays almost always" :"
''Is there enough ore in sight to war
rant extensive operationsf'
eve have done but little work yet,
but the surface showing would seem to
indicate very large quantity of ore.
In fact the Williams Fork Mining Dis.
trict, in which the mines are situated,
appears to be vast bed of copper ore.''
'How does copper mining pay these
days!'
"Muchbetter than either gold or silver,
for the reason that it is more certain
and reliable. When you find copper
ore assaying l5 or 20 per cent, you can
safely go to work taking cut the ore and
smelling it, knowing that the result will
be in close neighborhood OF the assay
for all the ore you can smelt. This has
been demonstrated in all the copper
mines Of this country. You take fewer
chances in copper mining than in the
more precious metals. You ask if
COPPER MINING PAYS.
Look at the English mines which pay
dividends as high as 40 per cent. on the
stock. Take the Longfellow mine,
single property, its net profits last year
were $500, 900. The output of copper
exceeded million and a quarter
of dollars. Copper can be mined more
cheaply and with less risks than almost
any olher metal known"
'Are your mines accessible" asked
the reporter, land are fuel and water in
sufficient abundance for successful
work p
'As tothe accessibility of the mines, all
can say is that they could not be more
favorably located. They are about four
miles east of the Colorado river, about
sixty miles south OF the Needles on the
Atlantic and Pacific railroad, and some
200 miles north of Yuma. Thus you see
water and rail transportation are right
at hand. An almost natural wagon road
leads to the mines from the river. We
propose putting up our furnaces on the
river itself and hauling the ore to them
from the mines. As to wood there is
the greatest abundance, and there is no
lack of water in the nsighborhood of the
mines themselves"
There has been SOME talk on the
streets. Mr.. Goldsworthy. Of your plac-
ing partof your stock on the market.
If SO, where will you place it, and what
is your purpose in SO doing.'
"The Board of Directors passed .
resolution at the last meeting. to put
$500, 900 worth of stock on the market
The stock is to be sold right here in Los
Angeles, for we are determined to make
this strictly
HOME ENTERPRISE.
We feel confident of being able to raise
all the capital we want in this way. As
soon as $50, 900 in cash is subscribed we
will at once set to work, and / am sure
it will not be long before you hear Of
copper being shipped to San Francisco
or to eastern markets from our mines"
''You have excellent names at the
head Of your company. Are they as
hopeful as you ares"
''Yes; most of them, if possible, are
more SO. Mr.. Henry King. an old
miner and the original discoverer of the
mines; Judge Beck. also veteran miner,
aud Mr.. German, another old-timer,
have all seen the mines and are enthusi.
astis. Our mines. l assure you, will be
no uncomfortable part of the wealth pro-
ducers Of this southern country"
''Who are the officers of the corpora
tioni'
"Judge s. J. Beck is the President,
Col. Z. E. Hewitt, vics-President; Mr..
Henry Hammel. Treasurer; Mr.. Thos.
]. Cuddy, Secretary. In addition to
these gentlemen Messrs. A. H. Denker,
Henry King and James German are also
largely interested in the mines and are
ON the Board Of Directors.
With this the reporter thanked the
Superintendent and left him to give the
readers Of the HERALD the benefit Of the
interesting talk he had just had. The
indications are certainly favorable for
| the speedy organization of n Iaudable