The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-22
New Zealand Mining Company, with
Capital of S1O.OOO.OOO and Mining
Agency with 100000
SOUTH DAKOTA INCORPORATION
w. IA. BELLS AND GEORGE c. CHAD
WICK INTERESTED.
Latter Holds Options on Mining Prop
crtics-WiI Use the Hicks
Machines.

The first announcement Of the organiza-
ton OF an immense syndicate to confrol
gold mines in New Zealand with uni1ed
States capital was made by w. X. Bells,
formerly OF this city. and George {. Chad-
wick, of New Zealand. at the Columbia
Club last night. The New Zealand Mining
Company has been organized and VIII be
Incorporated under the laws Of South Da-
kota with $40, 000, 900 capital, and the New
Zealand Mining Agency Company VIII De
Incorporated with a capital stock or
81, 0Oo, zoe.
There is not a single share of this stock
for SALE" said Mr.. Bells last night, "as
one-quarter of the New Zealand Mining
Company stock has been UNDERWATER and
contracted for by New York parties. The
other three-quarters of the stock will be
controlled by the syndicate and will not
be placed on the market. The stock OF the
New Zealand Mining Agency Company will
be controlled exclusively by Mr.. Chadwick
and myself.
II correspondent with Mr.. Chadwick be-
fore he came to this country relative to or
ganizing a company here to control the
developed mining properties in New Zea-
land. Mr.. Chadwick believed that if up
O-tNNC OhA ~ RA-iPO0 ~ NA0S
country and used in the mines there the
product of the mines would be increased
fully 30 per cent. He came to this coun-
try for the purpose of completing arrange
ments for the organization of the syndicate
to control the mines and also to inspect
machinery 10 be used IN the gold mines
there. The result has been most encour-
aging, and both companies have been July
organized. We are not ready at this time,
however, TO give the list of officers of the
two companies
TRIP TO NEW YORK.
Mr.. BELLS was in New York several days,
and returned TO indianapolis last week TO
accompany Mr.. Chadwick to Fort Wayne
TO inspect the machine manufactured by the
Hicks Gold and Silver Extraction Com
pany. While IN New York Mr.. Bells closed
the deal for the purchase o. the mining
c~ompany's stock, and in Fort Wayne the
two gentlemen closed a deal whereby they
Will have the sole rights of the machine
for Australasia. One machine will be
shipped to New Zealand at once and twenty
more VIII be ready TO be shipped in a short
time.
while in this country 1 inspected several
improved mining machines" said Mr.. Chad
wick. but none compared with the Hicks
machine. We saw several tests OF the ma
chine at Fort Wayne last week, and L be-
lieVe that II will reVolutionize gold min
ing III my country. we DelleNe IL VIII give
US at least 30 per cent. additional gold over
the old machines. The machine does every
thing in extracting the gold from the ore,
washing ii and turning ii out pure gold,
SO that there is no loss. TIL New Zealand
gold mines are rich with gold and will be
more productive when the old, obsolete
machinery is discarded and the new Hicks
machines installed there. With the old
dredges and other machinery now in use
there we do not get a third of the gold
out of the ore and rivers. The Hicks ma
chine is the only one l have seen that does
the work satisfactorily.
The New Zealand Mining Agency Com
pany has already closed "A deal with the
New Zealand Mining Company to use the
Hicks machines in all of the New Zealand
mines controlled by the mining company.
These machines cannot be purchased out
right, but have to be leased BY mining
companies. the companies TO give the Hicks
company a royalty OF 10 per cent. of all
the gold extracted by use of the ma
chimes. In addition TO the mines l already
control In New Zealand l have options on
many other valuable mines that will be
closed for the New Zealand Mining Com
pany when l return TO that country.
II will leave for San Francisco to-mor-
row. and on Aug. l Will sail for New Zea-
land. / will arrive home about Aug. 20,
and will send sealed samples of all the
mines to Mr.. Bells. 10 be tested at Fort
\VavOe nv the Hicks machines