The Arizona sentinel., 1897-04-10
MANY RICH FINDs EXPORTED.
CapitaiiSts Gather iH the AriZOnl City to Invest in Desert
 Properties.

George F. Payne, well-known gold miner of California for more than a quarter of a century, when he arrived here from Yuma this afternoon, "has suddenly become the eraziest, most excited mining town l have ever been in. 1 have seen nothing quite like the present excitement over the suddenly found riches and prospects of further finds, than in Yuma in the past week. Virginia, New, in the early seventieg, compares somewhat with it, and Cripple Creek and Tomb stone were never init for unadulter- ated excitement. 1 never would have believed it if had not been there.
 "There are more big capitalists interested in mines in Yuma now than in any place in America ] saw there yesterday such men as D. H. Hubbard, who sold tEe liar quahala mines for $2,000,000 in 1893; T. M Morgan, who repres- ents a syndicate of Chicago and St. Louis bankers; Mark Phelps, who has half an interest in the Anaconda mines; B. E. Creede, from Creede, Col, besides several rich New Workers who have come there through statements of the value of Colorado river mines made by ex- United States Senator Dorsey and ex-SenatOr Tabor of Colorado. 1 do not believe any town the size of little Yuma can show such an az gregation of capitalists, and heard last night that several rich Eng iishmen, whom ex-Senator Dorsey has interested in these mining pos abilities, are on their way to Yuma.
 "The town is wild excitement because of two finds of marvelously rich bodies of gold ore. At Picacho mining district, some twenty-five miles north of Yuma, on the Cali fornia side of the Colorado river, where Dorsey and Jesse Grant of San Diego have been operating in gold mines of low-grade ore for sev- eral years, there are the Golden Dream and Monday mines, owned by D. K. Allen. For several weeks the men at those mines have been getting into rich ore, and Allen has been offered as high as $175,000 for his mines. On Thursday men in both mines at almost the same hour ran into lodges of ore that yield over $3000 to the ton. my self assayed four specimens from these lodges and found no assay less than $2750 per ton. Twelve carelessly selected bits of rock as- sayed $3120 to the ton.
 "I saw much rock that showed literally hundreds of bits of free milling gold as large as match heads. One chunk was brought down to Yuma from there yester- day, and it turned even the ignor- ant Indians upside down with ex- citement over the suddenly found wealth. The chunk was weighed at 103 pounds and 4 ounces. An assayer found that it contained SOS worth of gold. I myself saw the ore in the Golden Dream mine that was worth from 60 cents to $1 per pound. Oh, it is simply a wonderful mine, and I don't be- lieve it's equal was ever known out side the bonanza ledge on the Com stock. The lodges in the Picacho district are all very large. One ledge of low grade ore there is even sixty feet wide. No one can tell yet what the dimensions are of tn e ledge in which this rich ore has been found, but it is certainly al good, big one.
 Besides, there ig constantly com ing into Yuma every day news of rich finds in the Gleason district That is twenty miles east from Yuma, in Arizona. near Tacna station, and is surrounded by desert. Gleason was engineer for the Yuma Electric Company last autumn, and he acquired the Gleason mine through a grub stake. The mine is now only in outcropprngs, and for several weeks ore from it has as saved $1200 and $1400.
 "One hundred sacks of ore from it last week sold for $750 at the mines. They were brought by