Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-07-29
OLD ABE NINE.
News Of Its Purchase by the Eagle
Mining Company Confirmed.
OTHER PURCHASES ANNOUNCED.
From the White Oaks Eagle.

From the White Oaks Eagle.
Wednesday morning, J. NJ. Rice, of
the Eagle Mining company, n the
following parties. all stockholders in
his company, arrived in White Oaks
from Nogal and Parsons mining dis
tricts, where they had spent the past
week in looking i've those districts:
c. ~Studebaker, William Toepp, South
Bend, Ind; Rudolph A. Kamm, Misha-
yaka, Ind; c. A. Davis, George ID.
Lint. Samuel Anderson, e. M. Albright,
Goshen. Ind; j. H. Lloyd, Momence,
Ind; r. f. Parsons and Thomas b.
Garst. Parsons, N. M.
The dav was spent in examination
of the Old Abe properties, including
tho gold mine. stamp mill, cyanide
plant. pumping machinery and the coal
mine. Captain Lloyd, the company TX
pert, reported fayorably on 10th the
gold and coal properties. and the stock
holders expressed themselves highly
pleased with the situation, and state
without reserve that they have pur-
chased the properties and would take
charge the first of the month. Cap
tain Lloyd Is considered n of the
ablest experts in the east, and the
Eagle Mining company Is running no
risk pm the big purchase made on his
report. Parsons, Nogal and White
Oaks, all together. represent . large
amoutn of capital.
The sale of the Old Abe gold and
coal mines. came about In this wAy:
John Y. Hewitt, president of the Old
Abe company, laid the plan before Mr..
Rice. who went to Chicago and de-
tailed the deal to HIS company, on
which showing the company author
lied the purchase; all this Mr.. Rice
accomplish. ed in less than thirty days,
which shows the tremendous business
capacity of the nan who is doing so
much for the mining interests of Lin
coin county.
The instituting O. an electric power
plant at the coal mines to operate the
machinery of the mines of this district
has been discussed, and the PROPOSE
/, ton was given the Estey Mining &
Milling company by H. c. Crary, who
was trying to interest that company
here one year ago. The scheme was
to run a wire to Estey mining district
TO propel the machinery of the COM
pany's teaching plant and smelter.
However, the proposition has assumed
greater magnitude since, and a plant,
with power enough to operate the
Eagle Mining company's machinery
here, at Nogal and at Parsons, is under
consideration.
This is one of the biggest enterprises
ever fostered in this section of New
Mexico, and will revolutionize the min
ing industry of this entire White Oaks
country.
The Parsons group is known to be
a mountain of low grade ore and a
property that will remain a steady pro-
Queer for many years to come. The
American, Helen Rae and the Rock
ford group at Nogal, which will all be
operated at once, the ores treated by
n big smelling plant and the same
process, is an enterprise in itself of
inestimatle value, Wild the Old Abe,
as a steady producer, carrying greater
values with each hundred feet of
depth, with its own fuel at hand, added
to the company's properties at Par
sons and Nogals makes Mr.. Rice's en-
terprise the greatest scope and value
in the entire mining region OF the
southwest.
White Oaks, with her adjacent dis
tricts, is now taking on a new lease of
life. Our coal will now be operated
extensively and ultimately reach out
side markets. Following the institu'
ton of electricity as power, a trolley
line viii connect us with the railroad
giving greater and much needed
freight and transportation facilities, on
the heels of which will come a demand
for our resources of iron, marble, sui
phur, fire-clay, copper, building stone
etc.
While the town for several years has
been held up by the production of the
Old Abe, alone, the prospects for othel
valuable properties to begin produc
ing again has passed the uncertain
period. and litigation, which has ham
pered and stified the camp for severa
years, is now practically cleared up
and instead of having n producing
gold mine and one coal mine in opera
ton, several will be going before the
first of the year.
The Helen Rae, which has been here
tofore mentioned, has just been added
TO the company's properties at Nogal
and it's development already begun
This insures prosperity for the Mega
district and will keep things humminf
there in the future.
Owing TO the fact that the Eagle was
unable TO get the information desired
concerning the purchase of the Ole
Abe properties until this morning, oui
makeup was finished and the paper
on, necessitating a supplement, ant