Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1890-11-17
THnlB NIW PLANTS
i4eiI I4tgr,a. IN the San D42Ets Nj
Sold to Milwaukee Capitalists
Extensive Improvements,
A New Huntington MiII-The Cash Entry
and Copper Companys COncen-
trating Works.

\ $4,000 mining deal involving prop
critics in south Santa te county has just
been closed here, the money paid over
and the papers filed for record. The
property sold is none other than the well
known San Lazarus lode, so long owned
and worked by S. 2. Conger, and its loch
ton is in the famous gold belt at San
Pedro, one mile east OF the Big Copper
mines. For five years Mr.. Conger has
been steadily engaged in developing this
mine, G. Y. Smith, OF Kansas City, be-
ing his financial hacker A few months
ago Smith sold out to Conger at n hand
some advance over and above what he
had put into the property, and Milwaukee
parties became interested. Recently Prof.
Fischer, of Milwaukee, made an eXami-
nation OF the mine for the parties in that
city and so
FAVORABLE WAS HIS REPORT
that after further examination and
tests OF the ore, Messrs. James l.. Gates,
James II. Slower and other Milwaukee
capitalists began negotiations for the
purchase OF the property. Mr.. Conger,
however, practical miner IN every sense
declined to dispose of his entire interest
and finally they struck bargain for hall
the property. Accordingly the San
Lazarus Mining company was formed
under the laws OF Wisconsin, and this
corporation has just paid Mr.. Conger
$4,000 for half Of this mine and a one
half interest in 500 acres OF placer ground
lying adjacent thereto, the purchasers
also agreeing to erect Immediately
\ l00-ToN HUNTINGTON MILL
on the premises. Mr.. Conger has been
made superintendent of the company and
he has just closed contract with VIM.
Swyers and E. II. Dunbar, of san Pedro,
to sink a shaft to bed rock and put down
q tubular well to the depth of 525 feet,
this Tor the purpose of supplying an adj
dltlonal quantity OF water necessary to
operate the mill. ave have already well
on the premises 355 feet in depth, says Mr.
COnger, (Which furnishes large supply
OF water, but we require more. Ii moth
ing happens beyond what is now in sight
our new mill will be in operation inside
of ninety days"
The San Lazarus mine has Oh it over
800 feet o. tunnels and shafts and shows
up two true fissure veins OF mineral, one
twenty feet and the other twenty-three
feet thick, the average yield OF which is
said to be little over Sl5 per ton. On
the placer property that goes into the
deal there are three shafts aggregating as
many hundred feet in depth and patent
for this ground is to be applied for imme-
diately.
OTHER MILLS.
Ii the erection of improved mining ma
chinery Is any criterion, Santa Fe coun.
tvs mines will enjoy q grand sea-
son OF prosperity ere MANY days. The
hugo furnaces Of the new $50, ton |.
at the Cash Entry camp
we're fired up for the first time on Satur- |
day for the purpose OF testing every part
Of the machinery before attempting
trial run OF ore. In few days the plant
will be in operation day and night. Again
there is talk OF a smelter at Cerrllos |
while for San Pedro the machinery for
the new 10O-ton copper concentrator has
been ordered from the Fort Scott foundry
and in a few weeks will be on the ground |
with every reason to believe that it and |
the Santa Fe Copper Company's reduc-
ton works will be simultaneously placed |
in operation early in February. On the
whole the mining industry hereabouts |
seems to have a more prosperous aspect
than ever before.