Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-03-16
$9,000,O00 IN SIGHT
Two Million Tons More Of Gold Ore
That Can Be Measured At
the Albemarle,
The PROSPEROUS COCHITl
Figures That Run Into the Millions Rep
resent the Value of Some of the Mining
Properties At Bland-Many
Improvements.

Special Cor. New Mexican.
Bland, N NJ, March A.-The ne
earnings Of the Albemarle mine ar
rapidly nearing the $1,000 day mark
On and after the first of the coming
month they will exceed that figure b.
right handsome sum. An idea of tn,
enduring foundation upon which Blanc
Is building may be had when it is stated
that there are dozen or more just sucl
magnificent mining propositions nov
under development in the district
Among these may be included the Lone
Star mine, with it's ledge of ore 1853 fee
in width, carrying values Of from 81.
to 500 per ton; the Washington, recent
ly stocked for 81, 600, 900; the Victor, Iror
King, Crown Point Union, Free Trade
Little Mollie, Dry Monopole, Governor
and others too numerous to mention
But as to
THE ALBEMARLE.
After Mr.. Posey's visit to the camI
the other day, President Coram, Of thu
Cochiti Gold Mining Company, ISSUED
a statement to the holders of the 1850,
shares of its stock which is full Of sig
niflcance for the Cochiti country ant
those who are interested in it's growth
and prosperity. He says the mine was
never in such excellent condition. There
are 100000 tons of ore in sight which
can be measured on four sides, and
100000 tons additional which can be
measured on two sides. The 100000
tons carry values to the amount Of 50,
100000, and the cost Of extracting the
gold will not exceed "a per ton. By the
end Of this month the enlarged mill will
be treating 10000 tons per month and
earning net at least $360,O0O per year;
"and we should do much better than
this" added Mr. Coram. He promises
two dividends of so cents per share for
this year on the 175,000 shares, and 800,
900 or 30 In quick assets after the
great electric power plant at Madrid
and the addition to the milling plant are
paid for.
NOT A BOAST.
This Is no small boast, but any busi-
ness man who looks over and about the
Albemarle as 1t shows up to-day will
see ample evidence for the faith which
Mr.. Coram so vigorously expresses In
the property. One week hence the elec-
tric wires will be strung between Mad
rid and the mill, and in few days
thereafter the great current will be
turned on, and every hoist, drill and
wheel about the mine and mill will re-
spond to the magic touch Of that mys-
terious agency which Franklin, Morse
and Edison have taught the Industrial
world how so wonderfully to utilize. 1t
will be gala day for Bland when this
modern triumph is added to her other
charms, for to Cochiti must then be
awarded the palm as New Mexicos
banner mining district.
THE IRON KING.
The Cochiti Reduction and Improve
ment Company, which built the Wyn-
koop mill, is the real purchaser Of the
Iron King mine; consideration, $50, 0Ol
cash. r. w. Woodbury., Of Denver
president Of the company, Is now here
and will tomorrow let a contract fol
200 feet of tunnel work, the ore to be
hauled to the Wynkoop plant for treat
ment. Peoria, Ill., capitalists are large
ly interested.
A BREWERY.
Frank Kleiner, pioneer resident OF
Kingston, has located at Bland. He
purchased from NJ l.. Chase, Of Silver
City, house and lot for 1000, and Will
this spring put up brewery.
NEW SCHOOL HOUSE.
Miss Eudora Cowperthwaite, former.
ly Of Santa Fe, is principal of the pub
lie schools here, and Mrs. A. s. Bundy
Is assistant. A new school house Is now
occupied, and fifty pupils are In attend
ance.
., A NEW MILL.
NJ. J. Church, the talented young met.
allurgist in charge of the Union mine
has returned from Milwaukee. where hi
has been consulting his financial back
ers regarding the purchase Of a mill
Rich ore bodies have been exposed II
this property, and plant to treat TWEEN
ty-flve tons daily will soon be extract.
ing the values.
THE NAVAJO COMPANY.
The stock of the Navajo company
owning the Star group, has not beer
listed on the eastern exchanges, but 8
few shares are afioat and readily taker
at 50 per share. the par value being SO
1t was started at 81 and went to 50 in {
few days. Bland people are taking al
they can get. Massachusetts, investori
are flooding Postmaster Shaw ant
Judge Young, the local magistrate, will
letters Of inquiry regarding the condi
tion Of the property, which Is gilt-edged
The company is capitalized at 81, 900
WEDDINGS.
Henry Silbiger merchant at the AL
bemarle mine. and Miss Mary Winston
were united in marriage Wednesda!
night by Judge s. w. Young. On tn
same evening Rev. G. s. Madden unitet
in wedlock Alfred Lyman Gray AM
Miss Gertrude May Hollingsworth.
LODGES.
Cochiti lodge, No. %, I. O. O. F., Ia II
flourishing condition, with thirty
seven members. The officers are: N. L
Williams. N. G.; John Morris, v. g.
Thomas Benson, secretary; Phil. J
Barber, treasurer. The Masons and X
Of P.s will soon organize lodges a
Bland.
A Daughters Of Rebekah lodge vii
soon be organised here.