The herald., 1894-09-26
SALE OF SOME BONANZA MINES
j. l.. Pritchard Descants on
ArizOna's Wealth.
New Facilities Afforded by the North
and South Road.
The africa Gold Bearing Group of DIines
Sold to n syndicsts of Oap-
itslists Headed by
w. Il. Hearst.

The depreciation in the price of silver
had the effect of paralyzing the mineral
industry throughout the silver bearing
states, but has reacted most favorably
80 far as California and the territories
adjacent, where gold-bearing rock pre-
dominates. are concerned. During the
past year capital has been invested in
gold mining in this state beyond ordi-
nary conception. Old and abandoned
mines are being reopened and low grade
cree that were ignored and despised in
the past are now yielding under I'M
proved methods of working lat return
on the money invested.
J. L. Pritchard, who for many years
mined in Colorado and New Mexico, is a
guest az the Natick hotel and talked
most Interestingly yesterday regarding
mining affairs in Arizona. A little less
than a year sgo he left Gold Hill, a
camp situated IL miles from Lofdsburg,
In New Mexico. and during the interim
he has traversed all the more important
mining sections of the southern terri
tory.
"Why, bless you," remarked, "even
experienced mining men nave no con-
ception of the mineral wealth OF Ari-
zona. l needn't speak OF Clifton and
Globe, the two great copper camps; the
output there has been so large that the
mines in that district are famed. Along
the Gla river and in the country ada
cent to Phoenix. however. less is known.
but if they don't have boom down
there soon Pm much mistaken. During
the past IL months investors have been
gathering at Phoenix and Prescott and
quietly putting their money in q good
thing when they saw one. The North
and South rosd-or to speak more prop
erly, the Phoenix and Prescott railroad
has been carried from the Atlantic and
Pacific through the richest mineral
country to about IL miles past the old
Congress mine.
"That was the property" he contin-
ued remiriscently, from which $10,-
600 900 was packed ON mule back, and
was only closed down when depth WAS
gained and the ore began to get base.
Now with the road running past its
doors the ore can be worked at profit
again, and consequently the mine is
being made to yield largely. The old Joe
Reynolds mine is similar to the Con-
gress, and is again being worked for all
it ia worth.
I'm the Superstition range, running
from Pinal into Maricopa county, some
immensely rich strikes have been made.
1t was here that Hale and Sullivan took
q $40, 900 working bond on the Mammoth
group, and after paying up on the bond
from the product OF the mine, hold the
property today for $1.000,000. The ore
ia irse.milling gold ore, and a 10stamp
mill is kept running night and day on
the rneh oiiHsi' oiiHsi' o. the biggest mining deals
OF the year was closed just few days
ago at Phoenix. Billy Hearst of the
San Francisco Examiner. and j. M. Will
son, another Frisco capitalist, took q 90.
days working bond on the africa group
OF gold mineg, 30 miles west of Ehren-
burg on the Colorado river. Really they
are in Riverside county, Cal, but the
owners all lived in Phoenix. E. III.
Hitler was cashier of the Hartford bank
there before it busted up, and @. M.
Gray, his partner, was one of the orig
inal owners, with Kirkland and Cuch-
rane of the Harqua Hala group that
Hubbard and Powers, to whom the prop
erty was sold by them, disposed of for
81, ,250. 900. j. 4. Teeters is large viii
culturist at Mesa, and has interest with
Gray in one of the claims. The purchase
price has been fixed at $l75,000, of
which $l25.000 will go to Hitler and
Gray. and $50. 900 to Gray and Teeters.
'.Only about 500 feet of development
work has been done, but free gold ore
has been exposed throughout in broad
and we'll defined lode. The outcrop-
inga all over the mountain indicate
fabulous amount OF ore, and when the
large staff OF men that have been put at
work open the property there seems
every chance of the mines making
showing as good as the Hsrqua Halas.
"There is only one drawback" added
Mr.. Pritchard in concluding, cit will
take about $l00, 600 to put up mill and
water plant, for water is scarce and will
have to be piped about Is miles from
the Colorado"