Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-09-05
GOOD INVESTMENTS
That Is What P. L. McGrath Calls
His Various Enterprises in
Grant County.
THERE is WEALTH In MINING
A Telephone Line Connecting Grant County
Mining Oamps-dreat Prosperity at
Silver 0ity-soms Paying Mine
Properties.

P. T. McGrath, whose very presence
spells enthusiasm and energy, Is in the
capital from Silver City, and in a few
spare moments spoke of some of the
work that he and others are doing in
Grant county. That section of New
Mexico, chiefly known as mining and
stock country, Is enjoying splendid
prosperity; 1t will probably show a
greater gain in population the past ten
years than any other part of the terri
tory. Mining activity is unparalleled,
and yet merely beginning has been
made, as there are still endless oppor-
tunities for men Of capital and men of
energy. There isn't an empty dwelling
house in Silver City. New houses are
rented before the work on the founda-
ttons is begun. Several new enterprises
of far-reaching Importance to the city
are not only spoken of and discussed,
but are being carried through Every
business man in Silver City who tends
to his business Is making money, and
there are openings for new business
men in almost every branch of busi-
ness.
1t Is not so long ago that Mr.. Nc
Grath went from Colorado to Grant
county. He at once saw that there was
an opening for a local and long dis
tance telephone line. He secured a
franchise and Immediately commenced
building, and now five months before
the time stipulated in the franchise Is
up thirty miles of telephone have been
built, connecting Silver City with Cen
tral, Fort Bayard, Hanover, Santa
Rita, Fierro and Pinos Altos. A line to
the Burros and the Mogollons is under
construction.
Mr.. McGrath also turned his atten-
ton to mining. He bought 1,200 acres
of mineral land and acquired a half in
terest in $50 acres more. He is now in
terested in the Burro mountains, the
Mogollons, at Fierro, at Santa Rita,
and in Azure camp. His purchases were
so wisely made and his prospecting
done so thoroughly that now he pos
sesses several of the best properties in
than pays him for every investment
that he has thus far made in Grant
county. At Azure camp he has a tur-
quois mine. At Fierro silver-lead,
zinc and copper property. His copper
property at Burros is a marvel. From
1t he is taking tons upon tons of ore
that runs 60 to 70 per cent copper, and
the ore taken out thus far pays ten
times for the money he has spent on
the group. A recent smelter run showed
an average Of 73 per cent copper. Near
by he has sunk shaft on the center of
pOrphyry dixie through body of iron
pyrite in quartzite. He is only 20 feet
deep, but the ore averages 86 pounds
of copper to the ton. At the depth of
feet it only averaged 26 pounds. The
vein matter is 80 feet wide Ms. Me-
Grdth says that very little real mining
has been done thus far in Grant coun-
ty. What most people call develop
ment work Is really only prospecting.
For instance, he spent as high as s10,-
00O in prospecting one group alone. Mr..
McGrath intends to erect a concentra-
tor and custom mill at Burros, for
which a great need is felt.
At Burros the st. Louis company is
taking twenty tons Of copper ore out of
it's mines daily. 1t Is sorted into two
lots, 40 per cent and Is per cent ore. The
group has been leased by Jones & Car
ter.
A banker of Colorado Springs has Or
ganized the Deep Creek Mining Com
pany, which has acquired twenty-five
claims near Cooney, in the Mogollons.
The new 10O-ton concentrator in Han
over Gulch, in which w. A. Otis & Co.,
Of Colorado Springs, are interested, Is
running smoothly and Is kept busy.
The Fort Bayard Mining and Milling
Company, owning the Texas mine at
Central, has erected a new 100-ton mill
and Is getting in new machinery. The
Texas is silver property, in which
John Wanamaker, Of Philadelphia, is
interested.
The Golden Giant, at Pinos Altos,
owned mostly by a Waterbury IN. "
man, relative of Pierpont Morgan, Is
pushing development work and putting
in new machinery. William S. Gage is
the superintendent.
The Santa Rita company is putting
on new men every day, and now has
200 men busy at development work, in
addition to the many leasers on it's
property. Benjamin Thayer is it's hus-
tling superintendent The other day the
company received the largest invoice
of merchandise ever sent into New
Mexico at one time.
Mr.. McGrath expresses great conf
dence in the future of the mining in
dustry in New Mexico, and especially
In Grant county. He has moved his
family to Silver City from Colorado.
and although he must pay $50 month
at that place for an eight-room cottage,
he will make it his permanent home.
He left Santa Fe for the south this
afternoon.