Waterbury Democrat., 1902-03-19
WHAT IS OLD TERRIBLE?
GoLDI GoLDi GoLDI GOLD EASY FORTUNES FOR MANY. {

GAS4 HOh1CNILSS n OR MAN Is v In answer to the many inquiries as to what "Old Terrible'' is we would say that as far as We can gather from the prospectus, it is a gold mine in Ari- zona, and said to be one of the great est gold propositions in the world. But what will interest our readers is q report which we herewith print, made by Captain William H. Palmer of New York, a director of the con- pany, and l.. W. Sweet of Waterbury, Conn. The report is interesting and may lead many to fortunes. Coming from such conservative, reputable men, further comment would not strengthen it.
 New York, March 9th, 1902. To the Stockholders of the Old Ter
 rible Mining Company
 At a meeting of the Board of Di- rectors held February 4th the follow ing resolution was adopted:
 Resolved, That MT Leonard " Sweet be invited to visit the property Of the company as a representative of the stockholders, together with Mir William H. Palmer, q member of the Board of Directors, to make an exam lnation of the properties which it is proposed to acquire. and also the af- fairs of the company in general in Ari- zona and to report thereon to the stockholders.
 In pursuance of this resolution the undersigned beg to submit the fol- lowing report:
 We left New York on February 14th and 10th respectively; met at New Orleans on the 1Tth and reached Co., cl1iSQ AriZ0na f1lo 111a7.niY,rr ae flo 1Q4I,
 We were met at the station by Mir Pearce. the general manager with the gratifying intelligence that an album. dant supply of water had that morn ing been reached at a depth of 2SO feet in the well which had been for some time in process of excavation near the mine.
 The result, while it has been confi- dently expected, was nevertheless most welcome news, inasmuch as the ad- visibility of the location of the mill and shelter at the mine was absolute ly dependent upon a sufficient supply of water at this point
 Immediately after breakfast we were driven to the mine distance Of about six miles from Cochise, the location of our present mill, and spent the entire day in a careful and thor ough inspection of all the underground work, which consists in part of main shaft ft.X6 it.. at an angle of about 40 degrees, running to a depth of about 300I
 At the 15Ol level two lateral tunnels or drifts have been carried to distance in opposite, directions of approximately 300', and similarly at the 300 level.
 An aporov;r,ata amount of ore blocked out by these workings and plainly visible would be on a conservative basis, 10000 tons, or sufficient ore to run our new plant to it's fullest capacity for 500 days. or nearly three years.
 These figures are given not as an es- timate of the values contained in our entire property-the present estimate being based only on what has been brought to light by the sinking of a single shaft and short tunnels leading therefrom-and only on values con- tained in the ore already, so to speak, in sight as the result of development work hitherto done.
 Other subsidiary drifts have been opened at various points from the main drifts following the vein of ore so as to permit the working of a larger force of men when the new plant shall render this necessary.
 It is clearly evident that the work has been wisely planned and executed throughout and no attempt has been made to secure present results at the expense of the future. This was par ticularly noticeable and gratifying.
 Another point which impressed itself very forcibly upon our minds was the entlre absence of water or even of dampness in the mine, as well as the comparatively small amount of timber ing which is required. These are both exceedingly important features in their relation to the question of expense of working.
 The ore vein is we'll defined and con- tinuous through the entire shaft and tunnels, varying in width from IS to A., and can also be readily followed along the surface. where at one point for a distance of 2oO some excavation has been made and rich ore taken out to the depth of about Al, the vein at this point on the surface being 3I Tn thickness. It is intended at this point to sink another shaft to con meet with our present workings below.
 At several other points on our prop erty work of a similar character is being done on the surface with very gratifying results.
 Alter thorough investigation and Inspection of the mines we visited the well and found that water had come in to the depth of 3I or more with such rapidity that it was ;mpos- sible to pump it out with any facilities at command and the work was neces- sarily abandoned until proper arrange. ments. could be made. AS this is the driest season of the entire year we need have no further anxiety about an ample supply of water for our needs.
 You are doubtless aware that the ab- sence of water supply near the mine has hitherto compelled us to operate our mill at Cochise. six miles away, and has subjected us to the expense of hauling all our ore to that point. The new plant, however, is now being erected at the mine. which is only mile distant from the main line of the Southern Pacific rail- way, which company has es- tablished at the nearest point to our property a new station called Manzora, which on account of it's favorable To- cation will become the chief shipping center of all surrounding proper fiaS within a radi11S Of twenty miles,