Arizona republican., 1898-04-15
LEGITIMATE MINING.
The Altata Mine Near Chloride Leased
 By Eastern Parties.


 resenting himself and associates Of Boston, has secured a bond and lease on the Altata mine near Chloride, Mo have county, having as preliminary test taken out and shipped carload of ore to Pueblo, Colo, which gave satisfactory results. This, together with the fact that the mine, although but slightly developed, had already produced about s7O,O0O in high grade shipping ores, to say nothing of the hundreds of tons of ore that could be worked at big profit on the ground, but hardly rich enough to ship, has encouraged Mr. McConnico to go ahead and he is now preparing to open the Altata up in systematic manner. He has a force of men at work timbering and cleaning out the old workings and getting in shape generally, inside and out. The necessary buildings for the accommodation of the workmen are being erected, and all the preparations that are being made go to show that a business man and an experienced miner has taken hold of this prop erty. As soon as the shaft is cleaned out a force of ten or twelve men will be put on the mine, and contracts will be let and the work of sinking and drifting will be pushed as rapidly as possible. MT. McConnico also expects to sink for water in the canyon be- low the main shaft, and there is no doubt but that sufficient water for large reduction works will be opened up at a depth of sixty or seventy-five feet. It is the intention, if the mine develops to the satisfaction of the lessees, and there is no question but that it will, to erect a large concen- trating plant, or copper mating fur mace, as the character of the ore en- countered shall determine. Such men as MT. McConnico, with the capital to back them in legitimate mining on business principles, is all tha tMohave county needs to come to the front as a producer of precious metals
 Mohave has the mines, but more such men are needed to take hold of them, instead of the kind that do all their work On paper, or spend all their capital on expensive machinery that is found to be just the wrong thing when they get it, instead of using their money to develop and open a mine, and find out what they have and the right kind of process by which the ores can be successfully treated after assuring themselves that the ore is there.
 The Miner says: Such men as MT McConnico, with the capital to back them in legitimate mining on business principles, is all that Mohave county needs, etc. That is a statement thai will apply with equal force to this sec tion. Capital to back legitimate min- ing is all that southern California needs to develop it's mineral resources If those capitalists, having some knowledge of mining matters, pos sessed courage enough to back up their convictions, the Rand district would soon be one of the largest yielding gold mining districts in the United States, but they lack the courage. They would like to have big paying mines but are afraid to risk a little capita to possess them. They tell you tha- they don't like to take the chances They would not be taking any chances The gold is in the rock, and all that i. required is the necessary machiner, to get it out and pound it up. It cal be asserted, without fear of proof tt the contrary, that the man who todd, invests his money in legitimate min ing runs less risk of losing his invest ment than the man who puts his il dry goods, groceries, newspapers O any other ordinary business enterprise