The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-01-05
AFTER GoLD PROSPECTS.
Captain De Lamar Looking for In
vestments in That Line.

Captain J. R. DeLamar, the wealthy
mine owner, who has been spending a
few days in the city. expects to return
TO New York the last of this week, says
The Boise Statesman.
Captain DeLamar said yesterday to a
Statesman reporter he had lately been
looking UP gold properties in Colorado
and Arizona and that he would not
hesitate to invest in gold prospects in
this section if be could get anything
that suited him.
Il am beseiged," said the captain,
by persons who claim to have prom
Using gold properties which they desire
TO sell. but they don't seem to have
taken sufficient interest in their prop
critics to gain any information whatev-
er about them. Men have come to me
with handful of samples, making
various propositions. who had not the
remotest idea of the size of their ore
bodies or the assay value of their ores.
How they can expect to interest capital
in these enterprises without knowing
something about them themselves is a
mystery to me-"
Continuing the captain drew a COM
DaT1Son between the Colorado and the
Idaho miner and added: If the miners
of this state were the rustlers the
miners of Colorado are they would
soon interest outsiders in their gold
properties, and this section would ex-
perience a boom; for l am confident
there are dozens of Cripple Creeks
right here in southern Idaho. CAPITAL
lists don't want to buy a hole in the
ground scarcely big enough to bury
cat in. They want first TO see a lit
tie something in sight; get an idea
Of the size of the vein and of the value
Of the ore. Your Idaho prospector
must do some work himself and not
depend wholly upon Others
Captain DeLamar said he was ready
and willing to invest in gold properties
All he wanted to know was that the
ore bodies We're large and the ore
worth anywhere between s12 and S15
per ton or better. He would spend
large sums of money developing such
properties and put in extensive plants
TO treat the ores
Captain DeLamar told the reporter
now ne came near being victimized in
Arizona. He had been in correspond
ence with a noted mining expert con
corning gold mine. The expert made
2 report on the property, saying it was
one OF the best propositions he had
ever seen. According to his ASSAYS
which run from $25 to $40 ton, there
was S1,400,000 of ore in sight and the
entire mine could be bought for $780,
GOO So completely carried away was
the expert with the property that he
offered to take an interest in it. So
glowing was the experts report the
captain wired him to secure an option
on the mine and he at once came out
rom New York to examine it. He Sc
cured samples for assay and great was
his surprise when he received returns
Of from 81 to IS ton
The expert was chargrined beyond
expression and begged the captain TO
give the matter no publicity as he
would be ruined. 1t was shown. how
ever, beyond a doubt that the EXPERT
had been duped, chloride of gold fay-
ing been sprinkled over his SAMPLES
at moment when he was thrown off
his guard.
Had the same game been played on
Captain DeLamar and his ASSAYS tal-
lied with those of the expert, he would
have been robbed of $3.50, 600 The can
tain kept close watch over his samples.
however, remaining night ana dav in
the tunnel While he was gathering
them.
Captain DeLamar said the expert in
question passes on mining properties
for the wealthiest companies in the
world, having received as high as
$l0,OOu for one report.