Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-02-25
THE GOLDEN COCHITI'S FAME.
Money Magnates of Boston Manifesting
Deep Interest in the New Mexico
Cripple Greek.

Clearly New Mexico boasts at least
one gold mining district that is creating
the deepest interest among the money
magnates of Boston. Reference is
made to the Golden Cochiti, located over
among the beautiful blue hills west OF
the Rio Grande, about IS miles south
west of Santa Fe, and manifestly des-
tined soon to be widely famed as the
new Cripple Creek of the Rockies. Wit
ness the appended extract from an arti-
Gle printed in a late issue of the Boston
Financial and Trades Journal:
''Advices at Mr.. Coram's Office from
the Cochiti continue all very favorable.
The machinery will soon be on It's way
to the mine. The management is not
trusting to the natural water supply,
which has given so much trouble to
some others of Boston's gold mines, but
is building a pipe line which will pro-
| vide a capacity of water three times the
amount which will be required. Such
items of expense, MI. Coram does not
propose to have stand In the way of sue
cess for his mine.
sit is figured that the Cochiti will be-
come dividend paying before the year is
out, and the men connected with it talk
very confidently Of the future of the
stock. Mr.. Coram, who has an enviable
reputation as a mining man, is person
ally backing this mine with his money,
time and judgment, and II these count
for anything, 1t will be a successful en-
terprise. The ore is known to be in the
property to an almost unlimited extent
and from many and thorough tests
made of it, the average value per ton is
also well known.
1.-THE Cochiti management has not
gone into a prospect, and they have not
erected a plant, built roads and pipe
lines, before they discovered what was
in the mine. Underground development
has been going on for some time and
when all the machinery is in place, a
vast quantity of ore will he ready fol
the crusher and the cyanide process
The stock looks like the most attractive
of any of the gold stocks on the market.
High prices are talked Of for it by iti
friends-25, 40 and ven so being named
as the figure it will sell at inside Of II
months from date"
1t should be explained in connec
ton with the foregoing that the
gentleman mentioned is Mr.. J. A.
Coram, president and principal pro
moter of the Cochiti Gold Mining com
pany, who, in association with Mr.. o. p.
Posey and other well known mining
men of Colorado and Montana, has re-
Gently purchased and stocked for large
sum of money the Albemarle and several
other of the fine gold properties in the
Cochiti mining district, in a Boston com
pany appropriately named in honor OF
the district.
The word Cochiti in the article quoted
refers to this company and Its stock and
not by any means to the entire district.
| Enthusiastically Mr.. Coram and his as
sociates have acquired property of i'm
mense value, property that is certain
soon to decorate the stock in their com
pany with regular and handsome divi.
dends, but they have fallen a long way
short of securing the entire Cochiti
mining district.
The Iron King, Lone Star, Washing
ton, and several other Of the big Co
chit lodges that might be mentioned are
every whit as valuable as those secured
by the Cochiti Gold Mining company, Of
Boston.
This explanation is made that the eX'
tent of the phenomenal district may not
be unduly limited in the minds of per
sons ~unacquainted with the facts.