Mohave County miner., 1900-07-28

hoistSs III iudluoT budJ HdS leu W |
the Introduction of this vast acreage
Of wealth to the general public, and to
the forming of many companies and TO
the buying and leasing of $4,000 to co.
O0J acres of placer, dredge and by
draulic land upon the river The pi- |
oneer company of the Lower Colorado !
river, composed of Messrs, John E.
Deyine, milford Winsor, Ira p. Smith
d Co., have disposed of upward of 1000
acres of dredge land to the Crosby
Enrich Syndicate of Colorado Springs,
who are building modern dredge,
with capacity of 1000 yards, at a cost
of about 60,000S. The dredge is being
built on the banks of the river, in the
will be towed up the river by steam,
to Pot Holes, where, by the lst of Oc-
tober, it will be placed in operation,
The syndicate has force Of men at
work prospecting their vast territory
with drilling machine, with the view
of building other dredges. A number
of other companies have acquired
dredge and hydraulic lands along the
Colorado extending over three hun
dred miles up stream.
That the leading Eastern newspa-
pers are beginning to appreciate the
value of mining investments may be
inferred from the following from the
New York Tribune: The mining indus
try has paid more dividends, compared
with other industries, than any other
business known. Compare the profits
in mining with the profits of the 1885,
600 odd miles of railroad, with the ag.
gregated liabilities of l0,OO000OOJJS,
then you will see which pays the best
! Under the wings of mining there exists
some of the safest and most profitable
of all business. Take, for instance, the
! twelve great smelling companies-the
/ mineral pawnbrokers. The smelling
company that does strictly custom
business shows absolutely and nnques
tionably larger profits than any Other
industry in America | know of in
stances where capital invested il
smelling companies has been turned
five times year, and each time the
margin of profit has been over 20 pei
cent of the entire amount handled
They take no risk-simply buy the raw
gold aud silver in the ore, at reduced
price, extract their cost of treatment
and pay the miner a residue. 1t is /
business where the principal is abso
lutely safe.
Properties are being developed il
this vicinity with promising results
Max Cohn is sinking l00foot shaft OF
the Belle of Yuma mine, parable
claim of the King and the Homestak,
on the north. This is the property o
Cohen and Modesti and shows up wei
on the surface and in the workings
Specimens have been taken off th,
Belle that gave l,0O0S assay return
The Bonanza adjoins the Belle. 1t i
the property of Cohn and ID. Brislin o
Los Angeles. On the two claims Their
are five shafts, 35, 10, 13 and respect
lively with the fifth being sunk. Nj
Cohn has five tons of ore sacked 70
shipment that will yield 50OS per ton
The Belle is a promising property anc
its owners have declined several hand
some offers for it.-Tucson Citizen.
: A Helena, Mont, dispatch says
, Within six weeks from the time the,
secured a lease on the supposedly
worked out East Pacific mine, fifteel
, miles east Of Helena, r. A. Bell an,
! James Lanahan struck body of gol'
, ore that smelter returns on the tirs
carload shipment show to be wort
l.O1Os per ton. The strike was mad
in June, but the leases have been con
ceaIiug its richness for fear tnat at
tempts might be made to rob them
its value were known. There is SAT-
to be large quantity of the ore i
sight. This is the second uncoverin
of gold ore running 1000 per ton mad
in this immediate vicinity within tn
past few weeks.