Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-06-28
THE CASH IN HAND.
First Payment Of $4,000 Made To-
day Oh TIE 100000 Min
ing Deal.
Santa Fe County's Leadvilie-Rich New
Strikes The Boom On
TO Stay.

to Stay.
The first payment OF f36 900 was made
to-day on the big mineral deal involving
lands lying between this city and Ger
rillos. Other payments will be made
from time to time until the full amount OF
the $2,O00,0O0 is paid over. This first
payment is substantial evidence that the
trade i. closed finally and for good, and
to the satisfaction OF everybody save, per-
haps, few homemade croakers who
still seem to be in doubt rs to whether
this is a bona ide transaction or not, But
very short time will evidence the truth
OF all the NEw MEXICAN has said with
reference to this transaction. True, it is a
big deal, and perhaps this is why the los
sils remain In doubt about it, but they
have only to keep their eyes open, If they
can, long enough to see tangible evil
dences OF the trade.
The English expert, Mr.. Kendall, upon
whose favorable report as to the character
and quantity of mineral in sight this
trade was closed, is now on the ground
planning with Manager HUM for future
operations. The report OH the title of the
property was made by 2, l.. Nanderveer
esq.,, OF this city. and to Judge W. I.
Thornton belongs the credit OF having
brought order out of chaos, and so laid
the proposition before these capitalists AS
to satisfy them that it was big thing out
OF which millions could be made by
proper management. Capital was all
that was required. This has now been
secured and the working of this vast min
eral deposits will start long and lasting
boom with Santa Fe as the chief bene.
6ciary.
The management has been given over
wholly to Judge Thornton and Mr.. Kuhn,
and this city will be the headquarters OF the
new company. The buyers of this
splendid property, $40 acres, are eastern
men representing their own and English
money. The trade has been pending
about eight months. Among the i'm
provements contemplated ct once is
mammoth plant OF machinery for treating
these ores, which plant Will probably be
located Oh the MAIN line OF the A., I. q
s. +. at or near Cerrillos.
1t seems almost too good to be true,
this news does, but it is now all settled
and work under the new management
has already commenced. Again the New
MEXICAN must congratulate all parties
concerned, and especially the citizens OF
Santa Fe, whose commercial prosperity SO
largely depends upon the success OF the
mining industry.
HAS CONE TO STAY.
There can no longer be any doubt but
that the boom which broke upon Santa
Fes mines by the discovery OF carbonate
ores in the Lucky mine some two months
ago has now come to stay. Nothing can
stop 1t, and the rush Of men and capital
must continue. This Is so because it is
sort OF three-cornered boom, which is
based upon precious metals in abundance
covering larger surface area than any
other mining section OF American terri
tory. At present the three districts OF
San Pedro, Dolores and Cerrillos, all
yielding ores distinctively their own, are
each feeling the quickening influences of
intelligent development. Each stimu-
!ates the other. Ii one districts interests
should lag for time the other two would
sustain the present activity; but there is
not the least fear OF this, and 50, with the
three districts steadily growing and pros
pering, Santa Fe county certainly pos
sesses future that is roscate in the ex-
IRENE viewed from any standpoint one is
o mind to take.
At San Pedro the celebrated Lucky
mine is nc longer the only producer OF
carbonates. The Black Hawk has struck
the same class OF ores, and so has the
mine owned by Johnson, Brown, Geo.
Lail and others, located half mile dis
Donate ores cover large territory. These
two mines will begin shipping ore next |
week. AT the Lucky the gouge process
Of mining has given away to intelligent !
development, and while the output is not |
go large on account OF this more careful
work, the ore body is daily growing
greater and richer. Mr., Baldwin, one of |
the owners of this property, returned to
Santa Fe to-day, and states that his COM |
pany has taken bond OH the Abe Lin
coin extension of the Lucky, which of |
itself speaks volumes for the solidity OF |
the carbonate strike, for Tom Wright |
don't bond mines for nothing. Mr.. |
Wright, by the way, is also a partner in |
the Black Hawk mine, which from re-
ports promises to be as great producer
as the Lucky.
Mr.. Baldwin came home via Dolores
and found the new Wiswell mill running
as smoothly as lady's watch. The ore |
now going through is from the Cunning
ham mine, low grade free milling gold.
OF course the complete success OF the
plant depends upon the cleanup returns,
which will be secured probably to-mor-
row. Ii the mill is as successful in saw
ing the gold as everything seems now to |
indicate, Mr.. Fisk and the Santa Fe
gentlemen backing him will at once
treble the daily capacity of their plant.
In the mines adjacent to Dolores develop |
ment ia being steadily pushed, and there
is lots of good ore on the dumps awaiting
transportation to the mill.
Thus it will be seen from the above re-
view that each OF the three mining dis
tricts in Santa Fe county is prospecting
as never before.
LEADvILLE MANS VIEWS.
Says the Denver Republican: George
Hook, one OF the discoveries Of the Little
Pittsburg mine at Leadvlle, has lately WIS.,
tied the new discoveries in Santa Fe coun-
ty, N. NJ, and through information from
home people is first obtained from that
region OF country. Mr.. Hook visited the
Lucky mine. He was at the very breast
Of the incline, and saw the quantity and
quality of ore that was being taken out
but in reference to the latter proposition
he declares he had no assays made and
depended entirely upon the statements OF