The San Francisco call., 1896-10-02


virtually virgin territory, though many
rich mines are now being worked. 1t is OF
interest to note, in passing, the sreat
number of foreign mining companies
which are operating in the Southwest and
the large amount of money they have in
vested. Among the larger ones may be
mentioned the Abaris Mining Corpora
ton. with a capital of 81, 600 600. whose
mine is at Zacatecas, and for which y625, ,OOO
was paid: the Almada and Terrific Com
pany, capital $312 600. mines at Almos, So
nora; the Anglo Mexican Mining Com
pary. owning the Yedras mines in Sinaloa,
for which 81, ,4O1 ,625 was paid. the capital
of the company being $2.00l, ,625; the Ari-
zona Copper Company, with capital OF
So, 575, 900; the Bacas gold and silver
mines OF Durango, Mexico capital 81, ,OOO,-
600. and property for which $3.50, 600 was
paid; the Big Greek Mining Company of
Lander County, Nevada, which has capi-
tai of a quarter of million and paid $225,-
900 for its property; the Bravo Mine
Syndicate at Pinos Altos, chihuahua,
Mexico, with capital of $4,000; the
Buster Mines Syndicate, in the Peck min
ing district, Arizona, which paid $60000
for its property and has capital of S75,-
600; the Canada del Orc mines in Arizona.
capital $150,000, property purchased for
$92, 800; Catalina gold mines in
the Old Hat mining district, Ari-
zona, capital S125, 900, property purchased
for $53, 600; FL Refugio mining conces-
sions in Chihuahua, Mexico. with S1.875,-
600 capital and property for which 81. 625,-
600 was paid; the Garfield Company, in
Nevada, capital $500, 600; Grand Central
silver mines, in New Mexico, with capi-
tai OF 81, 0O0, 600 and $50 acres of property
which cost $3.50. 600; the Harqua Haia
Gold Mining Company, capital $1,5OO, ,OO0;
the Holcomb Valley Company, in San
Bernardino County. capital $675, 600; the
Lynx Creek Gold and Land Company,
with properties near Phoenix, Arizona,
and also in Bear Valley, San Bernardino
$500, 900; the Mammoth gold mines, in
Plnal County, A rizona, capital 81, 500 900;
the Mexican Smelling. Mining and Lano
Corporation, Sonora, Mexico, with prop
critics that cost 100000 and capital OF
81 ,o5O, coo; the New Imuris mines, in So
nora, Mexico, capital 81, 100000; the New
Velera, Sonora, Mexico. capital $500 900;
the Pinos Altos Company, in Chihuahua,
Mexico. capital. $500, 900; the New Torreon
SiIver-Copper Mining Company, Sonora,
Mexico, capital S320,000; the Palmarejo
Mining Company. Sonora, Mexico, which
paid 81, 5000 for its property and has
capital of 81, ,000, ,000; the Panal Consoli-
dated Gold and Silver mines, in Chihua-
hua, Mexico, capital $650,000 and prop
erty that cost $600,G Picacho Gold
Mines, with property that cost $500 600
and capital of $1,000, 900; the Rich Hill
gold mines, in the Weaver district,
Yavapai County, Ariz., which paid $780,
600 for its properties and whose capital is
100000; the San Jacinto Estate, which
has properties in San Bernardino County
for which 81, $50, 900 was paid and a cap
ital OF $2,775,000.
The showing of foreign investment is
oh ho ryior
Gus incentive to spur US on to retaining in
our own country and for our own people
as much as possible of the vast wealth
which the thrifty foreigner SO eagerly
grasps.
Probably one of the greatest mining
countries that will be known is close to
Los Angeles and is as yet almost entirely
undeveIoped, owing TO the lack of trans
portation facilities. This is Southern
Utah, and it is inevitable that within
very few years that great country Will be
open to Los Angeles and the coast
through the construction of the Salt Lake
railroad. The mineral prospects of this
portion of the great Southwest are almost
limitless. Gold silver and copper abound,
and 1t is no exaggeration to say that there
are mountains of coal and the best iron
only waiting for means OF transporta-
ton to reach a market. Added to these,
asphalt and petroleum are found in large
quantities.
Mining is, through the systematic
means now being used, fast becoming one
of the most important as well as legit-
innate industries OF. California, and many
who looked upon mining as gamble
few years ago are eagerly looking for an
investment in a good mine, as the fact is
slowly dawning on the public that gold
mining is one of the few industries in
which competition does not lower prices.
The miner creates new wealth for himsel.
and the world at large and Injuries no COM
petitor while engaged in his busnessf
The climate of the Pacific Coast and South
west Is one of the most favorable on the
face of the globe for mining, with no Sc
we're winters to shut the miner in the
mountains for six months in the year.
In summing up the Southwest as a
mining country 1 can say that it has the
brightest prospects of any section l know
of, and after the American miner has
overcome the fascination OF starving on
the African deserts and freezing in Alaska
he can come to the Southwest and Pacific
Coast and find mines of higher grade,
where he can have most OF the comforts of
life and take out the wealth that is locked
up in the mountains to benefit the con-
dition of mankind.