Idaho Springs siftings., 1902-08-30
BOSTON IS
LOOKING
THIS WAY
Wonderful Investment Of Capital in District
In One Week.

In One week.
During the past week deals involving
fpom SI75, 900 to 5000, 900 have been
made by Boston capitalists through their
financial representative Mr.. Joseph Tay-
lor of Boston and the legal representative
here Attorney E. NJ. Sabin.
The proposition indicates several ele-
ments of success for the district. In the
first place it bears out the contention of
this paper for the past year that the time
is not far distant when the people of the
east would awake to the advantages of
the Idaho Springs district as an invest
ment center. In the second place it is
proof positive of the further contention
that property will not be obtainable very
long in the district as it has been in the
past.
The properties involved in the deals
made this week by Mr.. Taylor are the
Ocean Wave group, near Santa Fe,
comprising some excellent claims and
undoubtedly one of the richest locations
in the district. This statement is borne
ont by production figures under circum-
stances that do not tend to make the
propositions as generous as they should
be. 1t is safe to say that for the amount
of development work done the Santa
Fe mountain country has produced more
literally than any other district in the
county.
The Ocean Wave has produced good
round sum and there is practically no
question regarding its prolific nature as
mineral bearing proposition. The
veins that it will cut by tunnel, in the
event one is started make it appear like
one of the exceptionally rich investments
of the district
Then there is the Doherty group.
owned formerly by w. F. Doherty, the
pioneer mining man. Some work has
been done on this group and it is in
position where it ought to begin to do
something for the investor at once. 1t
comprises the Santa Fe, Mendoza and
other patented properties with records in
the district.
On Sea,on mountain Mr.. Taylor made
quite extensive purchas, of a group that
will be worked through the Weldon tun-
mel. The veins are notoriously rich in
this section and the only reason they
have not been producing regularly is be-
cause capital has not been applied to
them to open their immense treasure
vaults.
Considerable surprise was manifested
among mining men in the district when
it was given out that the purchase of
these three groups had been negotiated
and consummated. Old mining men be-
gan to wonder how it was that they had
not gobbled onto them years ago when
the opportunity to purchase them for
much less figure than that given was
available.
Mr. Taylor is in every sense hustler
and gentleman whose judgment is good
in matters pertaining to mining invest
ments.
al bought the properties, " he remark
ed, " because l realize that the Idaho
Springs district will soon be out of its
swaddl1ng clothes and be recognized as
one of the foremost mineral districts in
the country. All you need is capital and
safe, sound and conservative manage
ment Keep out the wildcat concerns as
you always have in the past and rely
upon the real resources of the district to
bring you to the front. The truth is in
deed good enough in this district"
1t is understood that work will soon
begin on these propositions. The invest
ment of the capital simply proves what
we have often expressed in these columns
that properties would soon be pretty
hard to procure in the Idaho Springs
district.
M
Conamara Bonded.
w. H. Person of Denver, and associates
bax,a cacprad h1,I o.,l -