The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1888-01-04
THE TORTILITA MINES.
A BONANZA INVESTMENT.
Safer and Better than Railroad stocks.


where the managers are spectators with
out character or commercial standing,
who put upon the market as mines, lands
that are merely supposed to contain val
liable ores.
But no investments have paid better
than those in legitimate mining compan.
les, conducted by men of probity, and Of
experience in their line OF business. FaiI
returns under these circumstances are
more certain than from an investment in
railroad stocks. To some cases, fortunes
have been made by small investments, as
was the case in the celebrated Comstock
mines.
The most promising of all the mining
stocks now on the market is that of the
"Tortilita Gold and Silver Mining Co., -
which has twelve mines In Pinal Co.,
Arizona, and investors who want a sure
invest ment and at the same time one with
a promise Of remarkable returns, should
purchase the Tortilta stock.
We base our recommendation upon the
following facts
First. The Company is composed OF
well-known and honorable gentlemen,
who have put their own money in large
sums into the undertaking, and who are
putting on the market less than two ffths
of the capital stock--and this for the pur-
pose of more rapidly developing the
property by the purchase of needed ma.
chinery, such as additional stamping
mills. pumps, hosting works, etc, and
on this preferred stock, offered TO the pub
lie, dividend of 20 per cent. is to be
given before the other stock participates.
Second The mines have been tested,
and found to be rich in ores. The ores
from the shafts already sunk have paid
all the expenses of the mining from the
first shovelful IF earth dug from the sur
face down to the present date, something
which only two other mines in Arizona-
the land of mines-bave done. Taking the
present output of ore with only one mil
as basis. with four twenty-stamp mills,
profit of 1903 per cent. can be paid on
the entire capital stock.
Third. The capital stock of the entire
twelve mines is only 81 900, 900, which is
rs per cent. less than the average of the
other paying mining companies of the
U. s., many of which have only single
mine.
Fourth. Mining experts of great prac
tical experience have thoroughly examin
ed the property of this company, and
speak of 1t as of unusual promise. We
condense some statements from these, viz
~ Mr.. d. T Elmore, who has been
engaged in mining on the Pacific Coast
for thirty years, and who has worked on
the Comstock mines, believes these mines
to be as great and rich as the Comstock
mines. AS to Mr.. Elmore's trustworthi
ness, U. s. Senator Philetus Sawyer, OF
Wisconsin, one of the wealthiest and most
conservative men of the country, says: II
know Mr.. D. T. Elmore very well. Have
had considerable to do with him, and al
ways found him Trustworthy and reliable
in every particular"
~ Francis d. Taylor mining engi.
neer, who is endorsed as toabilty and in.
tegrity by the President of the Wabash
Western r. R., by the Cambria Iron
Works, of Johnston, Pa, aud others, and
who has bad great experience In his profes
sion, has made careful examination OF
the property, extending over about two
weeks. He tested the ore in the Jesse
Benton mine, and found it TO average
30 ounces to the ton. Ore below the war el
level gave 1914 ounces TO the ton. He says
that If proper machinery were put ia
work on one vein in this mine ore would be
produced in sufficient quantity to supply
twenty stamp mill (Which product, by
the way, would be equal to $500, 900 clear
profit per year, or SO per cent. ON the en-.
tire capital stock,) This from one vein
of one mine, and not the best. His ex.
showed ore Analysing l40 ounces to the
ton. The Golden Eagle mine devel.
oped 8 ounces of silver and $i2.50 gold Ia
the ton, aud this in test shaft sunk only
90 feet. In "Tbe Desert" sec, 900 of bul.
lion has already heen taken out, 10 open
ing 1t. In Nos. and shafts in "Red
Peach" mine the ore yields 1853 ounces te
the ton. The other mines have not vel
been thoroughly examined, but they show
good Indications.
(3) Mr.. j. II. Rittenhouse, a we'll
known mining engineer of Scranton, Pa,
who has three times gone over the pro
perty, says that the mines contain true
tissure veins, aud says:
81 have been in good many mining
camps in Colorado. New Mexico aud Ari.
zona, and never saw any better indica-
lions on the surface of ore in such quanti-
ty and OF such high grade anywhere as in
the Tortiita Camp. To particularize:
The Desc, mine is large vein averag-
ing about 8 to 10 feet thick. in enc place
about 30 feet. Ore taken from It In de-
velopment assayed from 30 TO 40 ounces
Of silver per ton per l00.ton lot. think
the ore is there in quantity, and that a
10 or 20.stamp mill could be kept busy
from 1t alone.
.As for the Jesse Benton aud Tom
Benton, think the Jesse Benton is the
bonanza of the camp. The average of
bulk of the ore taken from it is 70 to rs
ounces of silver; little gold occasionally.
II believe the Benton win prove itself
to be one of the richest mines in Arizona.
All indications point that way.h
(D Mr.. Geo. E. Stone, of Scranton,
Pa, who was at one time Superintendent
of one of the mines, says of the "Jessie
Benton" mine: "a little capital expended
in systematic work will develop very
rich mine, and unless am much mis-
taken, this will prove the most valuable
mine in Southern Arizona.
"Tom Benton has had several tons of
valuable ore taken from 1t, but no syste-
matte work has been done on il yet. Pass
ing westerly we come to the Golden Ea-
gle. Here is a strong ledge of beautiful