The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-04-19
LONDON MONEY IN MINES.
INVESTMENTS OF ROTHSCHILD AND
OTHERS IN CALIFORNIA.

Los ANGELES, April 10.-The Chlifornir
Exploration Company. composed largely ri
London capitalists, has bought the Virgins
mine In Mariposs county. also the Bellvisw
mine and n number of surrounding claims In
Tuolumno county. and in Cnlaveras county Il
has acquired six mines. which II IL working,
and has either bought or bonded forty'three
claims, most OF which u 1t will develop. About
SOC. 900 has been expended. 1t has erected
an electric light and power plant at Moke-
lumnc Hill from which thirty-two miles OF
wires will convey light and power to the COM
pany's mines.
In the same locality along the mother lode,
tho MERGED Company of Boston capitalists
will operate its three mines and ten claims,
and an English syndicate will develop the Pono
Blanco group. The Rothschilds will probably
do something also In the Marlposa grant. In
which they recently purchased AlvinZa Hay
wards interest. II Is said that the Roths-
childs expect 10 purchase also tho interests
held by Senator John p. Jones, and the Hobart
estate. and that then they and John w. Mac
kay. who holds tho remaining interest. will
develop and work many OF the mines on tho
grant The active operation Of such n large
amount of capital in a region known to BIO rich
ought to yield remarkable results.
All.the Southwest Is highly excited over tho
big gold finds near Yuma. The Golden Dream
and MONDAY mines, in the Plcacho district,
on. the California side OF. the Colorado River.
are fabulously rich. They belong to d. X.
Allen, who. before tho-fnds made last week,
had refused s175. 900 for the mines. A week
ago. ut the Same time, mon in both mines ran
into ore that yields $4,000 to the ton. Ono
chunk of ore that weighed 100 pounds was
assayed and found 70 contain sos worth Of
gold. The rock that has been taken out Is full
of bits of free milling gold as large us match
heads. Twelve bits of rock, selected by chance.
,ssayed S3.120 TO the ton. 1t Is not vet known
what tho. dimensions Of the ledge are. but as
all the ore bodies In this district thai ha 20
been worked are very large. it lie probable that
this is not small. All the ore heretofore found
In Plcacho district has been low grade. Ex-
Senator Dorsey and Jesse Grant have been op-
Grating for several years in some OF these low
grade mines.
Big mining men from all over the country
are gathered in Picacho and Yuma. and others
arc on their way. On ono day in . little min
ing camp with o population of no more than
100 there was represented an available outside
capital of 5000. 00o, 900.
The Butte mine at Randsburg has been
bought by Messrs. 1. and II. Asher Of the Te-
hachipi Bank and . Mr.. Wilson of Butte.
Mont. The exact price has not been announced.
but IS known to have been about SCI. 900.
"A good deal Of develo pment work has been
done on the Butte, and It is known to have rich
pay ore almost Its entire length. In the Wedge
mine at the 225-foot level the ore Is running
$500 to the ton.
Z. G. Arthur has taken q bond on the Edna
mine. forty milus southeast of Randsburg.
Little work has been done in that region. but
tho Edna shows q two-foot vein Of ore that
runs from $50 to SO per ton, partly free milling.
Scarcity OF water binders development work.
Last week Messrs. BoGart and Morton found q
four-fort ledge within six miles of Randsburg
Whiah assays Sl5s in gold. free milling. rho
Petaluma is one of q. group of half a dczep
the owners have Dad an offer of $40, 600. but
they prefer TO work IT themselves. Tho veia 70
seven frst wide and the poorest rock ASSAYS
sands. The owners arr ]. W. and A.. b. Doss
and Z. f. King of Petalnns.,
burg region Ia. that OF. water. None Of those
who have attempted to solye this problem has
dimoult,es. The latest scLemo 10 to bring ne
water of Desert. Springs. twenty-five miles dis
tant; to the camp By means OF pipe lines aid
San Francisco capital has bought 100 acres
Of gravel property near Plsceryli!e. FL Dorado
county. and Will put up q mill and be2in WORK
at once.
An expert who examined the North Star
San Befnnrdino county. repa,ted $40 .ooj
worth OF ore in SIGHT; The Lily of the Valley
aud the Helen are both working u six-inch
vein OF $40 ore. In both mines tunnels are to
The Virginia Dale mine is working day and
The development OF the mine of the Noun
tain Copper Company. Shasta county, shows
day there mere a IL s 1IhSIs St ore s;oi in sGn, 81 to O Iss sn for
twenty-five years.
VIRGINIA CITY. April 1o.-The news from
the Brunswick lode is rather encouraging. In
Occidon tai they are in 10 feet of ore on the 800
foot level, which assays from So TO SIC per ton
low-Rrade. In Chollar they are in four feet
CT ore which yields $50 a ton.
Zirn mine in Pine Nut. belonging to the estate
Of William Zirn. has been bought at AUCTION
by A. Livineston Of arson for $4,000. There
was only one other bidder.
COLORADO.
DENVER, April, ~1o.-Since the lsasers of
ground In the Mollio Gibson mine at aspen
ore. which net handsome wages after royalties
are paid. the combany has been more cautious
about renewing leases, and II is now announced
that tho company will take entire charge OF
operations on tho property as fast as the leases
expire.
vile mine, give that camp an air Of import
ance. The recent municipal election there
resulted in the overthrowinG OF the Miners
Union influence completely.
Tho recent heavy SHOWS insures abundance
of water for placer Workings. out the weather ia
awaiting good weather TO get Into the hills.
The Rcd River country just across tho southern
border of Colorado in New Mexico Is attract
ing much attention. This. with La Belle and
on either side OF Van Deist Mountain which
shows FREQ gold ard some Galena with silver.
Cripple Creek has reached q most important
STAGE in It's development. The camp BEGAN as a
dry camp. and the expense of pumping was at a
minimum. But now that the mines have OBJ
tainod some depth. water appears. and in such
volume as To fairly astOnish the mine mana
g,rs. Several important drainage tunnel enter
priBes had to lie abandoned because Of the eE-
cessiye flow Of water. and the big mines nov
arc buying the largest of pumps. The g. o.
u. mine. purchased by a French syndicate early
In tho history OF the camp. had scarcely begun
extensive development before the water began
20 trouble. and soon IL reached q point whoro
ordinary pumping plants were insufficient.
The former suprintendent OF the Mollle Glib
son was secured, and with his expert knowledge
Rainrd tnere In fighting large Water-iows. he
undertook to drniu the q. o. D.. The company
Is now installing the largest pumping plant
ever set ", at a mine In this state, and the ex-
ample will BIO followed by The Portland, the In
dependerce. and others. Instead Of being a
'try camp. Cripple Creek 10 .tho. wottest dis
tript miners ever saw in Colorado.
/, MONTANA.
BUTTE. April 13.-In the Anaconda mine OF
tina | DO0-fnnE laval fhA apaw Of N - ,,aIn ~