Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-08-26
.C0MANCHE
GROUP SOLD
One Hundred Thousand Dollars Paid for This
Mining Property in the Buro Mountain
Mining District
TO Be DEVELOPED FULLY
Purchasers Have Ample CapitaI-Smeter and Leach
Ink Plants of 200 Tons Capacity 10 Be Built, Also
Railroad Connection to Mlnes-Great
Future for the District.
Snecial to the New Mexican.

Special to the New Mexican.
Silver City, Aug. 90 sale has jus
been made of the Comanche group o
mining claims in the Burro mountains
to a very powerful and wealthy syndi
cate of Michigan capitalists. p. T. Nc
Grath, of Denver, who has been operat
| ing in mines in Grant county for the
past few years. carried the transaction
TIN ough. From reliable information il
is ascertained that over 100000 was
I alG for this group of copper claims
1t is certainly the largest price ever
| paid for lot of mining clainis having
as yet no particular development, al.
| though showing up very fif.a copper
ores. The deepest hole in the group is
| only 40 feet down, but the purchasers
are so we'll pleased with the showing
| that they will erect a teaching plant of
| 200 tons capacity on the property in
also of 200 tons capacity, either at
Lordsburg, Deming or Silver City,
where their ore is to be treated A
railroad will also be built either from
the Southern Pacific Railroad or the
Atchison, Topeka and Santa Fe Rail-
way to the Comanche group of mines.
1t has not yet been determined from
which of these two roads the connection
will be made. This depends upon the
result of the negotiations in that direc-
ton that will be initiated Immediately.
OF course the road that makes the most
favorable terms for the company will
get the new rail connection and branch.
The property will be as quickly and as
fully developed and made large pro-
ducer as energy, scientific and prudent
management, the latest modern and
best machinery and facilities and un-
limited capital can bring such about.
Among the purchasers are: j. S. Curry,
Ironwood, Mich, capitalist, retired
lumber manufacturer; c. J. Laughren,
Escanaba, Mich, banker; Fred M. Pres
colt, Milwaukee, Wisconsin, manufac-
turer; T. j. Atkinson, Ironwood, Mich,
president of the Metropolitan Lumber
Company; Charles Humphrey, Iron
wood, Mich, president of the Grand
Rapids and Holland Railroad. These
men are quoted, collectively, to be
worth over $1O,OOO,OOO. They are
shrewd, progressive and keen business
men, who have made great success
in their business ventures heretofore
and will do so again in this case.
There are other developing and pro-
ducing mining companies in the same
district, that are doing much work and |
axpending. considerable money on the |
that they own. Among them
are the Alessandro Copper Company |
American Consolidated Copper Com
pany, Southwestern Copper Company,
and the Gibson Development Company |
Other mining properties in the Burro |
mining district upon which |
work is being done are
the st. Louis, Virginia, Sampson and
colwell mines.
The outlook for the district is better
low than it has ever been and within a
year it is believed that it will be one
If the best producing and money max
ing districts in the southwestern min
ing region.