Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-09-20
LTNCOLN-LUCKY DEAL,
Lease and q Purchase Bond signed and
the Diamond DI ills to be Operated.

The internal difficulties OF the Lincoln.
Lucky Mining company have finally been
settled by a majority OF the stockholders
leasing and bonding the property for Il
short period with an agreement to sell al
certain figure. At no time has there
been larger body OF ore in sight than
now, and development work has been
kept up steadily while the shipments Ct a
car load Of ore daily have continued with.
out q hat. But Notwithstanding this
state of affairs there has been strife among
the stockholders, one faction trying to
secure the upper hand as against the
other. The directors were in session all
day on Wednesday, and everybody VIII,
is interested in San Pedro's prospert,
will be pleased to know that arrange
ments have been entered into whereby
the future of this valuable property Is
brighter than ever. Messrs. Wright and
Johnson made proposition to the
company, they being members of the
directory also, to bond the mines al
$l6O,00O, such bond to run six months,
they have exclusive control of the proper
ty in the meantime and pay a net royalty
OF Is per cent OH the output. The direct
ors after discussing the subject fully de.
cided not to accept this offer, but instead
voted TO accept proposition by Jefferson
Reynolds. Under the offer OF the latter
gentleman lie takes three months option
on all the stock at a certain figure, with
the privilege OF operating a diamond drill
Ill exploration OF the carbonate belt, should
such exploration be satisfactory Ray
nolds to buy the mine. In the mean
time John KiLg, The present manager,
takes lease on the property, paying 70
per cent on the ortput OF the mines. The
bond and lease were executed yesterday,
Mr.. King giving $4,000 bonds for faithful
compliance with the provisions of his
lease.
Mr.. Reynolds associates in this trans
action are New York capitalists, and it is
said that should all 30 well thirty days
will find the entire stock of the Lincoln
Lucky in the hands OF strong company
that will work it for all it is worth.
CAMP ECHOES.
II. J. Bartsch has purchased from VIM.
Morris an extension of the Chester mine
at Cerrillos.
Alex. Rogers has returned to Pedro
after an extended trip east, where he went
Oh mining business.
A casual observer says that at least
twenty miners and prospectors from Col
orado have gone 10 work in the Dolores
district within the past two weeks.
The most conscientious work, after the
best methods known to modern !uining
engineering, is being done at the Cash |
Entry, and on the 6O0.foot shaft Of the
Central.
Col. G. O'Conor Roberts, of Albuquer-
que, the veteran journalist and miner,
has been appointed to secure the colec-
ton of the San Pedro ores for exhibition
at the fair.
Henry F. Wulf', of Denver, returned |
yesterday from an inspection trip to Ger
rilos. lie secured bonds on three mining
claims there, and Denver moneyed men |
will be asked to investigate them.
CerrilIos' new brick yard is running full
blast. Mr.. Nesbtt is the promoter OF the
enterprise and practical man. Mr..
House is managing the business. He
hopes to manufacture brick throughout
the whole winter.
r. G. Mcdonald has returned from San
Pedro to Las Vegas. He says that the
chief drawback to that place at present is
the disposition shown by some to hold
their mines at almost fabulous prices, in
stead OF prosecuting the development
work on them.
Messrs. Ben Oakland, Randolph Kelly,
Barney Mc(iee and Billy MAIDEN, of Car
rillos, are spending the week on Bull
creek fishing and hunting, with Mayor
Tom Anderson as chief of scouts. They
will be Joined to-day by half dozen more
Ceirilos sportsmen.
A deed has been filed in the clerks
Office setting forth that Messrs: Gates and
Terril, Of San Pedro, have sold to Messrs.
S. d. Baldwin, II. l.. Warren, John
King and r. W. Webb the extension OF
the Lincoln-Lucky Oh the west; con-
sideration 5000. A Shaft has been
opened on the property which discloses
very good ore, and contract for further
was let on Monday last.
S. p. Conger, who made the deal with
G. Y. Smith, Of Kansas City, orthorou9h
development Of the San Lazarus, group at
Pedro, has gone 10 Dolores and will put
in the winter prospecting thereabouts.
His brother, Noble Conger, arrived from
California few days ago and will join
him In his search for something good near
Dolores. Mr.. Conger says the low grade
gold ore at Dolores is found in such i'large
bodies as t, make it probable that that
district will eventually prove one OF the
greatest gold producers in the west. Con-
ger is the original discoverer OF The Carl
boo mine in Colorado, out of which mil.