Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-03-26
TALK OF Ell DORADO.
Expert Hathaway and Attorney Toll
Express Their Views Oh the
New Mining District.
Strong Words by Good Men-The
Narrow Gauge Railroad After
Cochiti Traffic.



Mr.. A. 7. Hathaway, well known min =
ing operator, having extensive interests
at Rico, Colo, is at the Claire. Mr.. Hath
away is deyoting good deal of attention
to Cochiti, and has just returned from
that camp. In an interview with re-
porter for the New MEXICAN to-day he
said:
"The district is very accessible. The
formation is little different from that of
usual gold and silver bearing veins. The
course of the veins is north and south
with tendency to pitch out of the noun
tains. The surface indications are very
favorable indeed. My assays prove silver
to be largely predominative over gold,
but the gold value is of such an appre-
ciable amount that it can be treated with
a profit irrespective of thesilver value.
Ore from this district running three hun
dred ounces in silver by assay will run
from two and half to five and half
ounces in gold. Figuring gold at 800 an
ounce this would give margin of profit,
after all mining, shipping and smelling
charges have been paid.
HIGH PRICES WANTED.
81 have several men in the camp who
are prospecting for NE. went into the
district with view to investing, but the
prospectors there now and those who
have located claims want exorbitant
prices for their prospects. Claims upon
which no development work whatever has
been dors are held at from $4,000 to
$4,000. This will, of course, Re changed
in time.
II am very favorably impressed with
the country and would not be afraid tc
put money into the district, nor advise
others to put theirs in.
ct was at first afraid that clear title
could not be secured as was informed
that the locations were all on grant, but
| have examined the records and believe
that while some of the locations are with
in the limits of an alleged grant others
are not. Even if the grant is confirmed
I believe an equitable arrangement could
be made with the owners and therefore I
advise miners and prospectors to go
ahead.
THE ORE re- REFRACTORY,
and it is strictly smelling proposition.
If the statement made to me by citizens
of Cerrillos be true, and have no reason
to doubt them, thst place is the greatest
smelling point in the west.
II am going back to the camp and ex-
pect to secure some interests as have no
doubt of the camps richness.
THE NEW ROAD.
"The road from Santa Fe into the dis
trict is the most direct and pleasant of
any leading to the camp, and know
whereof I speak, as have been over all
the different roads.
"Santa Fe is the natural trade center
for that region and your merchants will
unquestionably get the cream of the bust
ness of the entire district if they display
in future the same character of enterprise
they have already shown. Your town did
good work in so promptly raising the
$1,000 to put through the short, direct
road to Allerton, and also allow me to
say that the establishment of
THE FERRY
is bound to help you greatly. That is a
first-class ferry. Itworks perfectly and
the boat could carry over a narrow gauge
engine, forty tons IN weight, just as easy
as it carries buggy 1 think Santa Fe
county citizens should feel indebted to
Col. Moore and his associates for SO
promptly establishing this ferry, for in a
little while the riverwill be up and boom
ing and this is surely to be the chief
crossing of the Rio Grande."