Arizona weekly enterprise., 1889-08-24
THE MAMMOTH MINES.
4 Meeting of the ComI any Held in Lon
 don to Talk Over the Mines.


 4 Meeting of the Coml any Held in Lon
 don to Talk Over the Mines.
 From London paper the account of a meeting of the Mammoth Gold Mining Company is clipped. The meeting was not called for any express purpose but simply to conform wi h the law which provides that meet ing of the directors shall be held with in four months of the incorporation of the company. The chairman of the meeting made report in which he said
 Before leaving this point 1 should like to say, too, that the late owner, who is very wealthy man, sells his property simply on account of his ad vanced age, being 75, and his residence being more than 300O miles from the mine. 1 merely mention this fact to give the reason why the owner dispos- es of such valuable property on the terms which he does. Now as to the property itself. The property which the company acquires consists of six mines, l 300 feet by 600 feet. and two mill sites of about five acres each in Arizona. It is stated that this mining property is the largest in Arizona. It has been fully proved, and one mine, the Mammoth, fully opened out and developed with very satisfactory re- suits. This mine the directors pro pose to continue to develop, so as to get immediate results, which Captain Johnson states can be got within 24 hours of the first drop of the stamps.
 Well, gentlemen, the directors be- Hevc you have q most valuable proper ty which only requires developing to prove highly paying venture. Of course we have to depend greatly upon the evidence of experts, and in this in stance the evidence as to the value of the property which has been received from these gentlemen is highly satis- factory. Four persons in all have re- ported upon the mines, and all agree as to their great value. MT. A. E. Walton, a well-known English engi- neer, and no doubt known to some of you here, in very full and exhaus- tive report, winds up by saying: q believe the Mammoth property to be a valuable one, and, taking into consid- eration the strong lodes and the amount of mineral ground untouched, but of considerable value, the ore re- serves, and that the mine will pay from the first drop of the stamps, it cannot fail but to pay and pay we'll" Another expert, MT. Andrew Wallace of Denver ill his report says: "I feel satisfied that Mammoth is a good property, and will yet become one of the greatest gold producers in the country" l need not trouble you with the other reports, but they are equally favorable and corroboratiye. But few weeks ago the directors had further proof of the value of the mines from the rep resentative they themselves sent out He in every way confirmed the reports referred to. Copies of his cable anC letter have already been sent to you and published, and l need not there fore trouble with them. The directors have arranged with Captain Johnson a well known miner, to take charge O the mines at small salary, with { participation in the profits. He i well acquainted with the district and the mines, having been manager fo, the late owner, and is reported to b. a thoroughly upright and reliable man Notification of his appointment ha been forwarded, and will probably reach him-if 1t has not already don, so-within the next few days. A soon as possible, he will commence operations There is a 30-stamp mil with which to commence, and all ap pliances necessary for working il There is 120-horse power engine There are all necessary mining tools houses for the workmen, warehouse and stores, and in fact, it is only nc cessary to get matters ready to com mence work at once. The mine l fitted with all apparatus for the cleo tric light"