El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-12-20
RICH COPPER MINE
OWNED BY A SYNDICATE
OF Indiana Men. The Mine is Near
Cananeas.- to Be Organic
ed With Capital of $4,000, 000.-
Good Prospects.

1t is the opinion of Mayor Taggart,
says the Indianapolis Journal, that the
Indiana investors who have come into
possession of copper mines in Mexico
have secured among the richest mines
| in the world.
Mr.. Taggart, S. E. Morss and DR..
Henry Jameson nave just returned
from the mines and, as stated by Mr..
Taggart, in view of the fact that their
| titles are firmly secured by law, they
are willing to give out detailed infor-
nation. They say the entire copper
output of the world will in the future
be furnished by few mines and that
they are in possession of one of them.
The company which has bought the
mine is composed of H. P. WATSON,
Hugh MCGOWAN, Thomas Taggart, Pet
er H. Pernot. Samuel E. Morss, Will
lam H. Schmidt, E. L. Cothrell and DR..
Henry jameson of this city; Crawford
Fairbanks of Terre Haute. Lycurgus
Lindsay of Arizona; p. and A. San
doval, bankers of Sonora; John .McCar-
thy, ex-commissioner of streets. Chi
cago; Bracey Curtis of Boston and 9TH
erS.
Three years ago syndicate was
formed to invest in gold mining prop
critics and it was the opinion of the
members that the Klondyke would
prove lue DeSl Helu lOT luelT Invest
ment. Peter Pernot. a mineralogist
well known in this city, was sent into
the klondyke to explore. but he found
no claims there that he would recon-
mend as an investment, so he went to
lower British Columbia, Oregon and
several northwestern states searching
for properties that he could recon-
mend
While searching for desirable prop
critics Mr.. Pernot came across man
of the name of Lindsay who owned
copper mines in Mexico in the Cana
nea mountains, a range of the Sierra
Madre syste min the state of Sonora.
After a thorough investigation of
the property and the quality of the ore
of the Lindsay claims Mr.. Pernot rec
commended to the Indiana men that
they purchase the prospects. Six
months ago Mr.. Lindsay came to In
dianapolis and a preliminary contract
was entered into with the understand
ing that the syndicate would take the
property provided that after a more
thorough investigation it proved to
be as represented.
Samuel A. Barbour and Prof. C. M.
Stole, two expert assayers employed
by the Hecla mining company, were
sent to test the ore. After numerous
tests they issued a report to the mem
bers of the syndicate in which they
claimed that an average of Is per cent
of all the ore examined was pure cop
per. The general average of copper
in the ore of the mines owned by this
company is 9 per cent, or 3 per cent
"rea+er than the yield of the mines
of Arizona.
When the claims were purchased a
dispute arose over the title. the Greene
consolidated mining company. claim
ing portion of the mines bought by
the syndicate, Greene came to Indian .
apolis some time ago and attempted
4 compromise All his chief propo- F!
sitions were rejected but on one minor :
detail a compromise was agreed upon, .
which made the title secure
The total Investment of the syndicate
up to the present has been about $780,
900. The syndicate now has forty men
at work and during the next year the
mines will be developed, shafts will be
sunk and tunnels made and when this
is done experts will be able to measure
the amour of ore in bulk
The company is known as the In
diana-Sonora copper and mining COM
pany, and it has already been incor-
porated in West Virginia with So. 5OO.-
600 capital.