Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-04-28
BLAND'S EXPERIENCE
The Cochiti District Has Learned a
Lesson That Is of Great
Value to It,
NO PLACE FOR POOR PEOPLE
Large Capital Is Needed to Make Paying
Mines Out of Promising Prospects
Fabulous Wealth Exists Neverthe-
less In the District.
Special Cor. New Mexican,

Special Cor. New Mexican.
Bland. N. M, April Eff anybody
should ask you. just tell them that the
Cochiti mining district is all right but
don't, let miners seeking employment or
any other class of laboring men gather
from you the impression that there is
either welcome or work for them at
present in this camp, for their isn't.
A TIMELY WARNING.
This Is camp of large corporations.
A poor man without the ability to Or
ganize and combine his property with
others so as to make it interesting for
large capital to come in and take con-
troll might as well have a white ele-
phant on his hands as for all the good a
single mining claim here will bring to
him. Water fuel and surface area that
isn't rocky mountain side resting at
an angle of 45 degrees are scarce. These
obstacles can be overcome only by men
OF excessive energy and ample capital,
hence the growth of the town of Bland
Itself is slow. Indeed, at present, 1t is
very dull about Bland. Every one you
meet will tell you so; they will repeat
it and ding 1t at you and into you till
you feel sorry for the place, and Won
der why they don't pull up stakes and
leave for more congenial locality.
SERVES A GOOD PURPOSE.
But all this croaking by the camp fol-
lowers is, after all, serving very good
purpose. Within sixty days past rents
and the cost of living at Bland have
come down to a reasonable basis. The
camp has had its slump; suffered it's
most trying period successfully, if not
bravely. Initiation has been knocked
out of the prospect owners, and they
are now. for the first time in six years,
beginning to realize that, In order to
induce capital to come in, they must
agree to selling prospects at prospect
prices; they have been taught in the
hard school of experience that 1O-foot
hole on the hillside, no matter how big
the pay ledge doesn't constitute a mine
worth millions.
ORE BODIES ARE THERE.
And the ore bodies are surely there;
bodies Of low-grade ore, av-
eraging $12 to SIS per ton. This Is, about
the general average all throughout the
which is perhaps one mile wide
by ten miles in length, running north
and south.
A BIT OF HISTORY.
AS indicating what intelligent devel-
)pment has done and can yet accom-
olish in the Cochiti country. scrap of
,rs. Two years ago one of the most
notable and widely known mining ex-
)erts in Colorado visited this camp,
sampled the Albemarle vein, wrote an
elaborate report turning it down, and
recommended to his financial clients
hat they let 1t severely alone. Later o.
?. Posey purchased the property for
O.OOO: also two years ago the Star
group Of claims in Pine canon went
'cgging for buyer at $4,000. Denver
md Cleveland (O.) experts condemned
t. A Mr.. McFarlane Of Chicago, took
t in as "a flyer in the way of side
opened its immense pay
yeins and sold 1t to the Posey people
or 100000. These properties have re-
'ently been consolidated, and the pres
mt actual cash value Of these two
,roups Of mines, according to the opln-
on Of members of the Boston mining
exchange as expressed in daily trans
lotions. backed by the cash. is 81, ,687 900!
That is, the consolidated stock of the
Cochiti Gold Mining Company is now
'uling strong in Boston on this basis of
7aluation. So the experts don't know
t all. after all. No man can go through
hese mines, as the writer has within
he past three days, and conclude 9TH
,rwise than that they are we'll worth
avery dollar that has gone into their
stock shares, and more, for in their
nearly $50. 600. 900 Of ore, worth
- 10 $12 per ton, is now blocked out and
n sight. There are a dozen more just
such properties in the camp, but 1t will
AXE big money and brains to operate
hem.