Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-09-24
ABIG PLACER SCHEME
A Chicago Capitalist Buys a Part Of
the Moreno Placers Near
Elizabethtown.
TENANT MAKES A DEAL
BE Secures Group of Mines at steeple
Rock forS50,000-The Bennett-Steph-
enson Memphis Properties at Or
gan to Resume.
DONA ANA COUNTY.

The shipments from the Torpedo this
| month will not equal those of last
month, but when the new pump and
| machinery is in it is expected that the
output will be quadrurled, and will
amount to about sixty cars a month.
Messrs. Clark & Co., with w. H.
Mackey, Jr., lessees of the Bennett-Ste-
phenson- Memphis properties, intend to
| recommence operations on a more ex-
| tensive scale. New workings will be
opened on the Stephenson, the first mine
| in the territory for which a patent was
issued; and the old shafts and drifts in
the Memphis will be reopened, and work
recommended on ore chutes which car
ry copper gold and silver, unworked for
some years.
GRANT COUNTY.
The group of mines near Steeple Rock
known as the Three HIS, owned by j. A.
Harlan, E. II. Hinkle ana William
Horstman, have been sold to A. w.
remnant for $4,000. The property is
rich in gold and silver, and will be rap
Idly and Systematically worked and de-
veloped throughout by the new owner.
New machinery has already been ship
ped.
In the camp of San Jose, new mines
are getting into paying operations
Some are shipping a good grade of ore
regularly. The shipments of copper ore
from the Santa Rita camp, a few miles
farther away, are increasing rapidly.
The most of this at present is mined by
those having leases from the Santa
Rita company. The company is grad
ually advancing their work on the plant
and the other necessary buildings for
the increasing population of the camp.
Last week one of the large mines was
flooded with water by the breakage in
some Of the machinery. They are now
busy putting in large pump to reduce
the water to working basis.
COLFAX COUNTY.
II. j. Reiling, of Chicago, a success
full mining dredge operator, has pur-
chased 5000 acres of the richest placer
ground in the Elizabethtown district
from the Maxwell grant company, and
has already commenced operations. 1t
is Mr.. Reiling's intention to work this
ground In a systematic manner by
dredging, and he wiz use as many
dredges as can be profitably used in 50
doing. His first expenditures in this d.
recton will be $4,000, which will in
clude the building of dredgeboat ca
pable of handling 5000 yards of gravel
per day; the building of dam, backing
up the water of Moreno creek, sufficient
to float the dredgeboat, and such other
improvements to successfully launch
the enterprise. The Moreno placers have
for long time been noted as among
the richest in the entire Rocky noun
tain region, and while many thousands
of dollars have been taken therefrom,
the valley is yet virgin ground, and the
effort of Mr.. Reiling is the first real
effort ever made to dig up it's richest
treasures. He has prospected the
ground, which shows values from 30
cents to SIS per cubic yard, and by ac-
tual experience with his dredges in Ida
no and Montana he understands his
business. Mr.. Reiling is man of
means and has from like enterprises
an income of several hundred dollars
per day, and can carry out any under
taking he desires. The dam will be
built this fall, and the necessary ma
terial and paraphernalia will be on the
ground before snow flies, ready for
work in the early spring.