Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-04-30
A Big DEALAT BLAND
The Grown Point Group Of Mines
Passes Into the Hands of Well
Known Capitalists,
AN IMPORTANT TRANSACTION
The Railroad From Thornton to Bland Is
to Be Completed By 0ctober-The Won
dsrful Ore Bodies of Several
Oochiti Mines.
Special Cor. New Mexican.

| Speclal cor. New Mexican.
| Bland, N. NJ, April 29.-The report
current about camp for few days past
that something was about to happen tt
the Crown Point group assumed tangi.
BILE form to-day when it was announced
that this splendid trio of properties hat
formally passed to the control Of w. j
Cartan, of Boston; Samuel Newhouse
| of Newhouse tunnel fame at Cripple
Creek, and other Denver capitalists
| who are also interested in the deal. The
details of the transaction are difficult to
procure for publication, but it is said
the consideration involved reaches the
handsome figure of $65, ,OOO with a big
block of stock Of new company that
| Messrs. Cartan, Newhouse and their as
| sociates are now organizing going TO the
| owners Of the property.
THE CROWN POINT GROUP.
The Crown Point, Giant and Bull of
| the Woods claims constitute the group
The Grown Point as is well known was
the first mine in the camp to bring the
Cochiti country fame and fortune. 1t
shows smelter returns for $37, 900 worth
of ore extracted from it's great quartz
lodges; has paid It's way and made mon
ey for its owners from the very grass
roots down, and only awaits intelligent
development to add fresh laurels to Co.
chiti's reputation as a gold producer.
The Giant and Bull Of the Woods are
truly wonderful deposits of pay quartz,
and every man in the camp is prepared
to congratulate the new owners upon
having turned a lucky and timely nego-
tiation that promises much for the dis
trict. Mr.. Cartan, than whom there is
no shrewder mining man and financier
in the country, has by this move again
demonstrated his unbounded faith in
the Cochiti mines. He has been identi-
fled with the Albemarle and Star COM
panies from their very incipiency; has
made d nice pile of money out of those
mines, and it is surely to the credit of
the camp that he has now started in
with a new and Independent company
to reveal the riches in the Crown Point
group.
THE ALBEMARLE-ST STAR MINES.
The Albemarle cyanide mill, reputed
to be the most perfect plant of it's sort
in the world. has now its electric ma
chinery duly installed, aid Is treating
in the neighborhood of 10000 tons Of ore
a+ pat oF -
day. Electricity is not to wholly sup
plant steam power at this mine, as is
popularity supposed, but the steam ma
chinery will be kept intact and ready at
an hours notice to be fired up in case
any hitch occurs in the working of the
electric plant. It is said q streak Of
high-grade ore has just been encoun-
tered in the 7OO-foot level of the Albe-
marie, running $4O0 to the ton. Another
improvement in the property is that in
the south levels from the main shaft the
ore is now coming in quite as uniform
ly rich as in the north end levels.
SUCCESSFUL EXPERIMENTS.
LApOSCu III luC oldl oAC PIoD-
ably 10000 tons of ore at present aver
aging $12 and better to the ton. Supt. V.
V. Clark has been highly successful in
his cyaniding experiments on this ore,
and 1t has been finally determined to
make cyanide the principal factor in
treating the ores at the new 35O-ton mill.
The big tunnel, Sx10 feet in the clear,
which Is now being driven to cut the
Star quartz ledge at 700 feet from the
surface, is now in over 600 feet, and will
make connection with the main work.
ing shaft in about four weeks. For the
electric tramway three and half miles
of 4s-pound steel rails have been pur-
chased, and are now at Thornton Sta
ton awaiting transportation by team
to the mouth of the tunnel. The COM
pany's new sawmill in Media Dia can
on will be turning out material for the
new cyanide mill in two weeks. 1t has
capacity of $1,000 feet per day.
THE BLAND RAILROAD.
There is now no longer any question
but that Bland will be provided with
railway facilities by October next at the
farthest. The right of way through the
Cochiti Indian reserve has been Sc
cured, and within the past week a rep
resentative Of the road has been here
looking up the most suitable location
for depot grounds. This is rather diff
cult matter owing to the extreme mar
rowness of Pine canon at this point, and
surface ground Is valuable. Messrs.
Thompson and Gillespie Of New York,
Barttelson of Minneapolis and other
capitalists interested in this important
and promising enterprise are due to ar
rive at Thornton within the next three
days, when 1t Is said instructions for
going forward with construction work
will be given.