The herald., 1897-10-24

Ing investments, indicates tina there vii
be active mining development here fol
! the next few months at least. No better
time could be desired by purchasers
than the present, owing to- tlse fact tha
large number of claims located abou
one year ago by persons Of moderat t
means must be improved by assessmen
work, at least before the close Of the
year or the claims be forfeited The ir4
ability of mary locators to perform, OF
pay for, the assessment work compels
them to sell all or part of their claims
hence men with little capital can now
secure good Investments.
The increase in sulphure't ores as the
mines attain considerable depth is re-
gardiad by impartial mining experts and
visiting miners as a very favorable i'm
dication of permanency, hence the
"pincfsing out" theory is secuted by all
practical mineralogists. In conver rsa- :
ton with number of experienced min
ers who have been here several weeks
Investigating mining properties the
writer learned that nearly all of them
have decided to invest money in the
district provided they can obtain suit
able mining properties at reasona Bile
prices. Building operations are still
active and likely to become more so
during the winter morIths. The chemi-
cal fire engine recently purchased at
Bodie Cal, has arrived and Is now
I being painted 1t cost originally $4,000,
but was purchase d for $3.50 and hauled
overland to Randsburg for s25. There
is an efficient volunteer fire department
here, and the boys are now well pre-
pared for any emergency that may
arise.
The Hard Cash Mining and Milling
company has recently been Incorporated
with capital of $1,OOOO0O, 100000 of
which has been appropriated for the
purchase of machinery and other appli-
ances for the speedy development of the
FIVE claims. A. T. Stewart, capitalist
of Los Angeles, is presdent DIR. B. o.
Webb of Los Angeles, president,
ar,d Prof. I. N. Inskeep of the Los
Angeles Business college, secretary anG,
treasurer, who, with Jay e. Hunter, It.
lorney at law, and Nat Wiltshire of Los
Angeles, are directors of the incorpora-
ton. This Is one of several valuable
mining properties owned ard operated
by well-known Los Angeles mesl A
''clean up" of forty tons of ore has just
been made on the Hard Cash." milling
about $40 to the ton.
| A. c. Harper, one of the owners OF
the Yorkshire Lass group of three
claims, has been here for week look
ing after the irat erests of this promising
property. He returned TO Los Angeles
Wednesday.
Thomas E. Hughes, the well-known
capitalist Of Fresno, and, wife have been
here for week looking up mining in
vestments and returned home today.
Mr.. Hughes Is one Of the owr1ers of the
Minaret MADEIRA company mining prop
critics and Is favorably impressed with
the prospects of this camp. He will re-
turn within thirty days to complete the
purchase Of several cla inns. Mr.. Page
Minor of Williams, Ariz., accompanied
Mr.. and Mrs. Hughes to Randsburg.
He Is interested in the Dyke, adjoining
the Meteor, which was recently bolYded
(working borG) for $35,OOO
The Reedley group of six valuable
claims, situated immedia tely west of
the Val Verde group and in the same
mineral belt, or zone, was recently
purchased by j. Wilson, an experienced
miner from Humboldt county, Nevada
and are being developed into good mining
property.
J. T. Cove. a mir!cg capitalist Of
Helena, Mout.. who has been here for
about week seeking investments, left