Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1902-08-02
OLD ABE MINE.
News Of Ito Purchase BY Tho Eagle
Mining Company Confirmed.
orHsa PURCHASES ANNOUNCED.

From the White Oaks Eagle.
Wednesday morning. J. M. Rice. Of
the Eagle Mining company. and the
following parties. all stockholders in
ms company. arrived In White Oaks
from Nogal and Parsons mining dis
tricts. where they had spent the past
week In looking over those districts:
c. Studebaker. William Toepp. South
Bend. Ind; Rudolph A. kamm, Misha-
wa'a, Ind; G.. a. Davis. George D.
Lint Samuel Anderson, r.. M. Albright
Goshen, Ind; J. II. Lloyd. Momcnce.
Ind; r. +. Parsons and Thomas b.
Garst, Parsons, N. M.
The day 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 ex-
pert. reported favorably Oh 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 one OF the
ablest experts In the east, and the
Eagle Mining company ia running no
risk on the big purchase made on his
report. Parsons. Nogal and White
Oaks. all together. represent a 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
ized the purchase; all this MIR. Rice
accomplish ed In less than thirty days.
which shows the tremendous business
capacity Of the man who is doing SO
rirc' Tor 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 4
Milling company BY n. G. Crary. who
was trying to interest that company
here one year ago. The scheme was
to run wire to Estey mining district
TO propel the machinery Of the COM
pAMy ht0Nhtu6 YtGut anu OIL itCis
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 fostcred 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
mountain of low grade ore and
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
one big smelling plant and the same
process, is an enterprise In itself of
inestimnhle value. while 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 Nogal. makes MIR. Rice's en-
terprise the greatest scope and value
In the entire mining region Of the
southwest
White Oaks. with her adjacent dis.
tricts. Ia now taking on 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. trolley
line Viii connect US with the railroad,
giving greater and much needed
freight and transportation facilities, on
the heels Of which will cor,e demand
for our resources Of iron. marble. sui
phur. nre-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 other
valuable properties to begin produc.
Ing again has passed the uncertain
period, and litigation, which has ham,
pered and stii1ed the camp for several
years, 10 now practically cleared up.
and instead OF having one 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 NoRai,
and It's development already begun.
This insures prosperity for the Nogal
district and will keep things humming
there In the future.
Owing to the fact that the Eagle was
unable to set the information desired
concerning the purchase Of the Old
Abe properties until this morning. our
makeup was finished and the paper
on. necessitating supplement, and
limiting US to briefly stated review
OF the situation. In order to reach the
afternoon malls. However, we will
keep track OF the development OF this
ana every other mining district OF this
section Of New Mexico. and give our
readers the facts as promptly AZ dill
gent effort can secure them.
Halcasad from orfaon.