Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-05-08
NEW INCORPORATION.
THE MUCH TALKED OF SUFFER-
CREEK BONANZA.
New Locations Which Promise to
Develop Into Rich-Paying Mines
The Mother Lode.

Develop Into Rich-Paying Mines
The Mother Lode.
Some days ago articles of incorporation
were filed with the Secretary of State of the
South Eureka Mining Company of Amador
county. The mine is located short dis
lance southeast of the town of Suffer Creek
on the famous mother lode. The capital
stock is 81, SOC, 600 divided into 300 900 shares
OF the par value of SIS per share. The
officers are: DR.. J. L. Mayor, President;
J. f. Parks, Superintendent of the Ken
nedy, Vice President; Jackson Dennis,
Secretary. The Directors are I. n. Temple
ton, q. J. Hussey, ]. F. Parks, jackson
Dennis and J. L. Mayor. These are all
well known mining men of good standing
in Amador county, and their connection
with the management is a guarantee of the
good faith of the enterprise.
The REooRD-UNIoN had representative
write up the Amador mines, from a per-
sonal inspection, about a year ago, and that
section undoubtedly contains more paying
mines and larger amount of rich and un-
developed mining ground than any other
in the State. 1t is notably one of the fore
most mining counties in California, its an.
nual bullion product being now the largest.
There are in this county not less than
twenty five quartz mills, nearly all of them
in active operation and they carry total
of over $50 stamps.
Along the broad gold bearing belt known
as the d" mother lode " of California, which
holds Its course across the county, the
principal mines and mills are situated,
there being within a distance of fifteen
miles as many as twenty large companies
engaged in vein mining, the properties of
nearly all being equipped with first-class
plants.
Ex-Governor Blasdel of Nevada has
been inspecting the mines in the neighbor-
hood of Suffer Creek for the past few weeks.
and he gives his opinion as an expert that
at no distant date the mining operations
now in progress in that locality will de-
velop bonanza greater in extent and rich
ness than the Comstock.
THE SOUTH EUREKA.
Jackson Dennis of Suffer Creek was in
the city yesterday, and as he is the Secre-
tary of the new incorporation, he was in
terviewed regarding it. He said:
This property consists of nearly 1000
feet. situated along the great quartz vein of
the mother lode, which is well known the
world over. The title is perfect. The claim
consists of over l45 acres of land, commonly
known as the Tanner Hill Ground
which has been eagerly sought after BY
mining men for years.
=" The conformation of the surface being
unbroken throughout its entire length,
calls forth the confidence of every mining
expert that has been on the ground. Little
or no prospecting has been done on the
property, but what has been resorted to, in
every superficial way, gives strong evidence
of immense and rich ore bodies below.
t. 1t lies Immediately between the we'll
known old Eureka or Consolidated ANA
dor bonanza, north, and the ONEIDA
bonanza. south, and in line with the many
line paying properties, namely: Kennedy,
Wlldman, Mahoney, Lincoln, South Spring
Hill, Keystone, Bunker Hill, Cover, Co.'S
mopolitan, New London, Plymouth Con-
solidated and many other lesser properties
in advancing development.
THE South Eureka Mining Company will
assign 100000 shares at so cents per share,
equal to $4,000, to be placed in the Treas
ury, and TO be applied 10 make an econom-
ical and rapid development of the mine.
Should this prove insufficient to open out
the property to a paying basis, we agree
ldltuCl " t4lOM Oul Ouc-SlAtu VI Ou6-IQlTU
more capital stock on the market, if found
necessary, as the shares of this corporation
are to be held unassessable.
The proposition is TO erect q machinery
plant sufficient to develop the mine to a
depth of 1000 or ], 500 feet, and to put all
money realized from the sale of the treas
ury stock into the actual development of
the mineral deposits of the property, and
pc tlvely not to the erection of unneces-
sary buildings or machinery, nor the pay
ment of high-salaried officers, but wholly
to a systematic and economical develop
ment OF this mining location.
Our reason for seeking capital here lies
in the fact that, being residents of Amador
county, and therefore better calculated to
form correct opinion on the merits of the
respective locations along the well known
mother lode OF Amador county, we can
safely recommend all parties desiring to
speculate in mines that our proposition has
great mineral merit and reputation, and
all becoming shareholders with US will be
kept informed monthly as to progress made,
and all money realized from the sale of
stock will be judiciously expended.
while large number of mines are being
worked at great profit in the vicinity of
Jackson, Suffer Creek, Amador and
Plymouth, the benefit for the section in
which they are located is small, as the en-
tire output, except the operating expenses,
goes into the pockets of capitalists in Bos-
ton, New York, and in majority of cases
to foreign investors. what's desired now,
above all things, is to interest local capital
and let the wealth that is thus taken from
this rich mineral belt remain in our midst
and assist in the development of our latent
resources
J. +. Parks, Superintendent of the
Kennedy mine, near Jackson. in speaking
of the new incorporation, says:
Referring 10 the value of the South Eu-
reka claim as a speculative investment
there is not an undeveloped property on
the mother lode in Amador county tina;
can equal il, owing to its situation between
old mines noted for large veins of rich ore
The great uncertainty attending the sue.
cess of mining ventures are not to be con.
sidered in opening this mine. as there can
be no doubt of finding large veins on open.
ing the mine"
J. r. Tregloan, aeentleman well-known iu
this city. and at present Superintendent Of
the celebrated Wildman mine, located
within the town limits of Suffer Creek
says that be is familiar with the mining
ground known as the South Eureka mine
and know it is very favorably located on
the great mother lode. 1t is situated be-
tween two valuable mines that have pro-
duced large amounts of gold. The gentle.
men having control OF it are all personally
known to me, and they are men of stand
ing and ability, who would not stoop &c
misrepresent the property in any way.
H. Rees, the Superintendent of the New
London mine in conversation with the re
porter, said he believed the South Eureks
claim, embracing the Tanner Hill prop
ertv, on the mother lode of Amadol
county, Cal, to be one of the best undevel
oped mines in the county, which bids to
become, according to his experience, on de
velopment, a handsome paying mine.
A. ID. Stewart, brother of Senator Stew
art of Nevada, who is Superintendent o.
the Lincoln Gold Mining Company, located
on the northwestern border of the town o
Suffer Creek, said in speaking of the South
Eureka, that he was familiar with tn,
property and could safely say that no un
developed mining ground on the grea
mother lode bids more promising for
great mine than does this location.
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