The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-19
$1,000. 900 ron Hon,nLxss MINE.
Presia-rt Disz Said to Have Iat-rfered IN
hehslf OF The American Putohascrs

| hehsir OF the American Purchasers.
| Two NTexicans, tho Aguazo brothora. owned
the Muatos mine in the State OF Sonora. about
| 800 miles from Guaymas. in Mexico. This
| mine had produced great quantity OF gold.
| and II was thoroughly opened up. Paying orc
bodies hecams exhausted. and 1t became do
| sirnhle to dispose OF the mine. With this OBJ
ject In view tho owners advertised the proper.
ty very widely. Sieve al OF the largest min
Ing syndlcates in the world sent ut diff.
ferent times their respective exports to
examine tho mine. The results Of
those examinations were extremely fat
tering to the property. and large sums
were offered for II at different times but
these offers were declined by the own
ers who raised their price as the de.
mand Increased. They even refused S1.250.-
600, which was offered In the form OF o certi-
Ned check by the agent OF well-known min
ing syndicate. and declared that Sl.5Oo.U00
was the lowest price they would take. The
agent, who represented Messrs. Hayward l.
Hobart OF an Francisco. ono OF the est-known
mining syndlcates in tho world. finally agreed
The san Francisco people had employed
competent experts to examine the. property
ssipsrs 6uGng The Ses & pq n were
cured by. satisfactory collateral. ZONE Of the
stock Of the company was sold in Euglhnh and
some in San Francisco. MIR. Hayward retained
Al soon as the new company acquired pos
| sessi n " the property. which was on payment
| Of the Si7S.OOO. thsy made preparations for
the obstruction o. n wagon road to the mine
aud the erection Of what was to be the largest
| tons were made OF the wonderful output oil
| this mine. tut ON taking possession It was
soon discovered that the rn"rihous reserves
Of ore h t had been rrpol ted as in sight did not
exist. and II was dee lar"d moreover. ny the of:
hcers Of tho new company that the mine had
been sailed.
The new owners at once laid plans to re.
Investment: he Agunzos presented the notes
upon watch they were to collect interest in
| San Francisco. The new company attached
these !, o-es and bv un order OF the court had
s suit Was pst ru a with The view Of
tho sale OF tn. property. An agent the com;
| rany was sent TO the city Of Mexico and laid
the matter before the President Of the re.
tnined assurances from President Dlaz TINT
| the money. paid. S7I5.OtU wouli he refund
cd provided they could establish the fact that
the mine had been "a ted.
rh, man who was charged with the sailing
was brough, to California ior the purpose d
giving testimony in the -uit. Tne most emf:
neni counsel were engaged Ivy 10th sides. and
thu suit WAS awaited with great interest. 1t
WAS necessary To, prove that the mine
| alton OF their attorneys the company. EN-
pluyed n well-known mining exDert. MIR. j.
II. Hammond Of San Francisco. to mako an
examination. He performed his work and
confirmed the rep TT. OF tho officers of the
report was communicated to President Diaz.
who Is said t have urged tho Aguazo ,rothsrs
to refund tie money. They did refund It. The
sui, and the Other 5 "y the
amount was loss. but still they were satisfied
to get out evon on those terms.