Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-04-16
A Colorado Mining Company Sends a
Fine Prospecting Outfit to
New Mexico.
TO PROSPECT AROUND HERE
The Black Range Will Also Receive the
Attention Of the Prospectors-A Novel
Scheme That Promises to
Pay Well.

subsequent departure for Magdalena
and the Black Range mineral belt, in
southwestern New Mexico, Of probably
the most costly. complete and scientific
prospecting and developing outfit ever
organized in the United States. The
outfit Is exclusively owned and directed
by the Gold Coin Prospecting and De-
velopment Company, incorporated un-
der the laws of Colorado, for all kinds
of prospecting and mining purposes,
promoting and building railroads. tram
ways and wagon roads, constructing re-
duction plants, laying out town sites.
acquiring and handling timber lands,
and other kindred purposes. The capi-
tai stock Of the company is 100000. all
Of which has been sold to Colorado and
Boston people. and none of it is now for
sale. The officers are: Col. Lew Ginger,
president; M. F. Terry, vice president
and general manager; J. A. Van Eaton,
secretary; F. B. Hopewell. treasurer:
Col. Lew Ginger, M. F. Terry, ]. A. Van
Eaton, E. G. Foster and ]. W. Hubbard,
directors.
A NOVEL SCHEME,
The plan OF the organization originat-
ed with M. F. Terry, practical and SCI
entitic mining man OF many years ex-
perience, who has devoted nearly three
years to maturing the same and select
ing the corps Of men he wanted for field
work, and all it's prospecting and min
ing operations will be carried on under
his personal supervision. Colonel Gin
ger, who is also thoroughly practical in
the work undertaken, readily placed A.
900 shares Of the stock in Boston, and
has secured promises Of unlimited mon
ey in the east for the development of
such properties as may be acquired and
approved by the men in the field. He
expects to spend much time with Mr..
Terry in the mountains. The outfit, as
already briefly described in these col
umns, was all made to order, and Is in
every respect as perfect as experience
and money could make it. 1t consists Of
five brand-new, canvas-covered wagons
Of the very best make: ten Of the best
purchasable draft mules, and several
good saddle horses; new harnesses, cav
airy saddles and pack saddles; tents,
cots. blan'.ets, cooking and eating uten-
sils. and everything else essential to a
complete camp equipment; an ample
store Of staple provisions; a portable
blacksmith shop; assaying and survey
ing apparatus and instruments; all
kinds of miners tools and supplies; a
complete medical cabinet, besides full
line of Winchesters, Marlin rifles and
shotguns of the latest and most ap-
proved patterns.
A GOOD OUTFIT.
When Colonel Ginger and Manager
Terry are both with the expedition the
field force will consist of ten men, all of
whom are stockholders in the company,
receive no remuneration except such as
may accrue from the profits Of the ven-
ture, and all have been carefully select
ed with exclusive reference to their ex-
pert knowledge of mining, sharpening
tools, assaying, surveying and the va
rious occupations associated with the
enterprise, as we'll as their regulations
for sobriety, honesty and staying quail
tiles. Two Of them rank high as assay
ers, and another Is an excellent survey
or, and several Of them are experienced
mining engineers. There Is not a drink
ing man in the party, and so it is not
surprising that all of them have money.
The man who is doing the cooking at
present is said to have accumulated
savings from his industry and prudence
to the amount of about $4,000, and none
Of them have less than $1,000. Fifty-six
thousand shares Of the stock are held
by Colonel Ginger, Manager Terry and
the other men OF the party. They all
have unbounded confidence In the suc-
cess of the undertaking, and work to-
gether as harmoniously as trained Or
chestra. One Of the men has for some
time commanded salary of $3.50 per
month from Cripple Creek mining
company, and was offered a continual
tion of that salary for period of three
years and cash bonus of $500 II he
would either remain in Cripple Creek or
go to Cape Nome, and another was Of
fered a premium for his stock. Both
propositions were declined with thanks,
the men preferring to take their chances
with the company.
WILL PROSPECT AT SANTA FEE.
The company has been organized and
provided with ample funds to continue
its work in New Mexico and Arizona for
three years, and, as rapidly as pros
poets are either discovered originally or
secured by purchase or bond, men will
be detailed from the expedition to de-
velop the same. and their places will be
taken by new men. 1t was the original
intention to do the first field work in
the region tributary to Santa Fe, but
owing to the recent heavy SHOWS In the
surrounding mountains and hills 1t was
thought best to move further south to
Magdalena, and thence through the ex-
tensive and promising Black Range re-
gion, which presents phenomenal sur
face indications Of immense undevel-
oped values in gold, silver. copper. lead,
zinc, iron and manganese.
MANAGER TERRY.
Manager Terry, who was detained IN
Santa Fe after the expedition left for
the south. will leave for Albuquerque
this afternoon. and will Join the party
in the field at Magdalena., He informed
a representative of the New Mexican
Continued on Fourth Page.)