The record-union., 1891-03-28
IT is LOST AGAIN.
A Mexican Mine That Turns Up Miss
ing Occasionally.
1t Wasn't the Aztecs Who Lost 1t the
Last Time, but the Sacra-
mento Directors.

what has become of the CariZel Del
Norte Mining Company?" is question
that is being frequently asked these days
by various persons holding its certificates
Of stock in the corporation of that title.
The company was organized in this city
about year ago, with capital ION paper)
of SC, 900, represented by 10000 shares
of the par value of $50 each. 1t was stated
that the mine which it was intended to
work was one Of the ''lost mines" of
Mexico, from which fabulous riches had
been taken centuries ago by the old Span
lsh padres, hence there was a wild rush
for the stock. Men went about with
twenty-dollar pieces in their hands seek
ing opportunities to purchase shares.
There was "only a limited number of
shares to be had," at low figure, Of
course, which fact gave an impetus to the
desire to ''get in" The articles Of incor-
poration stated that ''the principal place
OF business was Sacramento" ana that
the directors were L. +. Aiken, c.. Hol-
land, j. II. Miller, j. A. Parker and II.
n. Il. Brown.
That "the principal place Of business
was in Sacramento" appears to have
been borne out by the facts; at least, it
would seem that most Of the stock dis
posed OF was in this city, for it is here
that the chief "kicking' is now being
done.
All who purchased stock in the famous
''lost mine' expected to become million
aires in few months, and were led to be-
lieve from time to time that the mine was
being developed and that it was showing
an untold wealth of silver. The chief
thing that troubled the shareholders was
how to get the tons of bullion from the
mine to the nearest shipping point.
A year has come and gone, however,
and no difficulty has been encountered in
getting the bullion to market. a rumor
somehow reached 'the principal place of
business few days ago that something
had gone wrong down in the home of the
ancient AZtecs-that, i'll fact, the mine
had again been lost; and the shareholders
who nearly broke their necks in the
scramble to secure certificates of stock
have been running about town with
anxious faces inqufring of one another
what had happened to the Carried Del
Norte.
A RECoRD-UNIoN reporter yesterday
concluded to make some inquiries him
self on the subject, so he called upon +.
A. Fee, who was said to be the Secretary
of the company. That gentleman was
found in MS office on / street, between
Sixth and Seventh, and was asked what
condition the mine was in, and if it was
true, as had been reported, that the COM
pany had forfeited the property.
MIR. Fee replied that he did not know
such to be the case, but would refer the
reporter to John F. Cooper, who knew
more about the matter than anyone else
Mr.. Cooper was soon found. and in re-
ply to Il similar question, said it was true
that the company had forfeited its right to
the mine. The Mexican law, he said, re-
quired that a certain amount of work
must be done on all mines before per-
manent titles thereto could be had; that
the company had failed to obey the law.
and that the property had reverted to the
Government.
Being the owner of some 1000 shares of
the stock, Mr.. Cooper said, and hoping to
save himself from loss, he had sent ~ to
a friend in Mexico, with a request for
him to relocate the claim, which was
done, and it was proposed to organize an
other company to work it.
Those who hold shares in the original
company are, consequently, out and in
jured to the extent of their investments,
and those who have learned the facts are
doing some very vigorous kicking"
and are inquiring as to the liability of a
Board of Directors that permitted the
property of stockholders to be forfeited
through it's failure to comply with the
law.
1t is said that several thousand dollars
worth of the Carried Del Norte stock has
been sold in this city.