Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-08-18
THE GOLDEN COCHITI.
Successful Trial Run Of Albemarle Cyanide
Plant Reported in Extraordinarily
and Earnest Suggestion to Santa
Fe Business Men.


The stock reporter of the Boston Com.
mercial Bulletin recently interviewed
President Coram. of the Cochiti Gold
Mining Company, OF Bland, with the
following satisfactory results:
"The writer of this column had a long
talk with Mr.. Coram, president of the
Cochiti Gold Mining Company, q day or
so ago. Mr.. Coram had recently re-
turned from the mine, where the first
+ millru was in progress when he left
He says he stayed long enough to see
the fact demonstrated that the values
were being gotten out in the mill run
under the cyanide process and that the
future of the mine as money Garner is
assured. The Cochiti will pay 80 per
share dividends in 1899, according to
the present capacity, and it is highly
probable that the facilities will be in
creased before the end of 1899.
"Mr. Coram says that Osceola for years
has sold between 40 and so, but that
Cochiti during the next couple of years,
will do quite as well, and probably bet.
ter, by it's stockholders than OsceoIa
has done in the way of dividends. He
expects Cochiti to sell at 25 cents before
January next, and states that it de-
serves to sell there on its merits alone.
Were the proposition being conducted
as a speculation pure and simple, the
stock would doubtless be selling there
now. The management claim that they
have gone into the thing to stay, for in
vestment purposes, being abundantly
satisfied that the future will pay well in
dividends. With little additional ex-
pense, the capacity of the mine can be
increased to 500 tons per day, and with
that product, Cochiti could pay IS per
share per annum to its stockholders.
The present capacity is between 200 and
800 tons a day.
'Mr Coram states that the ore which
is now being put through the mill is the
lowest taken from workings, and, even
with this ore, there is clear profit of S.
per ton. The cyanide process is bring
ing out the values of this low grade ore
to greater extent than when it was as
sayed Had speculation been the OBJ
ject, the high grade ore, of which there
is large body running from $50 to $500
to the ton, would have been chosen for
this first mill run, but the management
does not wish to show results at the
start which can not be maintained.
conversation with numbers of houses
on the street reveals the fact that all
are desirous that the Cochiti should
prove the success which it now promises
to become because of the good effect on
the whole Boston mining share market.
Brokers will hail with delight really
successful gold mine after SO many dis
In this connection, the New MEXICAN
again feels prompted most earnestly to
urge upon the property owners and
business men Of the city the Importance
Of prompt, vigorous and united action
TO secure the trade of the Golden Cochiti
mining district for Santa Fe.
The resourceful district is convenient
ly and comfortably reached direct from
this city by team, over splendid wagon
road, in from eight to ten hours, and
naturally large part of its trade is
tributary to this point. This trade
should be assiduously invited over here
by every means possible. 1t is plum
we'll worth struggling for, but Albuquer-
que will get it and keep it unless the
people of Santa Fe wake up.
The gratifying success that has at
tended the trial run of the great Albe-
marie cyanide plant has settled the Co.
chiti treatment problem, and, since the
war is now happily thing of the past,
other plants Of similar kind are cer-
tain soon to be put up in the district
for custom work. This will result in
the rapid and systematic de-
of the many mammoth gold
bearing ledges of the district, not en-
braced in the valuable holdings OF the
Cochiti Gold Mining Company, and will
thus assure constant and profitable en-
ployment for hundreds more men
than are now at work in this district.
The golden resources of the Cochiti
can hardly be exaggerated. All that is
needed to demonstrate this fact to the
of the most skeptical are
efficient, economical and adequate re-
duction facilities. The miners will do
the rest.