The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-22

horse. caught his bride, and talked fast
for four or five minutes. ! don't know
what she said. but tho party rode on. and
an hour later killed three of my friends a
few miles down the river
LUCKY IN NEW MEXICO.
AFTER my experience in Leadvtlle. I in
vested In a group of mines in New Mexico
and built q branch railroad to them from
the Atchison. Topeka and Santa Fe. The
properties were very rich on the surface and
the assays were high, but on developments
could not 6nd any permanent body OF ore
for a long time.
"ws were getting discouraged. and what
with tho high prices Of supplies and trouble
with the Indians. We were almost ready to
give up. The Apaches about this time went
on the warpath and killed several pros
pectors and murdered women and children,
throwing one little girl into the air and
catching her on their spears. That hap
pened not far from where was.
This aroused the mining community. and
my superintendent and many Of my miners
accompanied o company Of United States
soldiers on an expedition to punish the red
skins, but unfortunately the Indians led
the whole party into an ambush and killed
many Of them. among them my superin-
tendent.
that time. and was given an escort by my
friend, General Phil Sheridan. Meanwhile
the work at the mines had been continued
under the direction Of foreman. and Just
as the body Of my superintendent was
brought back into his bungalow. the camp
$4,000 to the ton and enabled US to nay
dividends Of 100000 q month for lcng
time"
But all Mr.. Wrights mining ventures in
this country were nothing compared with
his operations In London. when he organ
ICED company after company and made and
lost millions.
'Tt was in the winter OF 1893 and 1884"
he said, "that was Informed of the dis.
covery Of a fair mine in West Australia,
known as Baileys. but 1t was sneezsd at by
a so-called expert, and the colony would
have none Of it.
AUSTRALIAN VENTURE.
'T determined to do a little investigating
on my own account. and sent several re-
sponsibls men into the country to prospect.
They decided It was likely to prove better
gold field than was supposed. Discoveries
were rapidly made. and in a few months
there was Wild excitement. Prospecting
rarties went in every direction, and made
what appeared to be rich hnds day after
day.
''Becoming satisfied that the colony would
develop into a satisfactory gold-minirg
carnp, an the ores were Of high grade. In
structed my agents to buy up all the rich
est discoveries that could be had for q
reasonable price. and In this way ! acquired
tho very best shows on tho gold fields
properties, some OF which might well be de-
scribed as golden treasure-houses. whose
gold elittered on the surface Of the ground
like a jewelers. window. in some Of them
huge powders Of pure gold being found.
subsequently these properties were
merged into the West Australia Exploration
Company, which promised returns. Then
came O setback. After going down few
feet the rich deposit vanished. and though
we spent more than half a million dollars In
subsequent development, were never able to
recover the reef. OF course II this rich ore
on the surface had held out as we went
down the mine would have paid VI millions.
''But that was the natural condition in
most Of West Australia, following an mex
orahle law, yet I am duly blamed for the
failure of the ore to hold out.
II thought Of little property called the
Lake View mine, owned by few practical
miners. who, with their modest development
10000 . month and instructed one OF my
1t was likely to i've In depth.
Ills report was favorable, a. were those
Of other experts employed. bought the
mine and organized what was known a. the
Lake View Consols Company. TO take It
over. When put Into shares the purchase
money amounted to only few shillings q
snare, but soon It advanced to s to "a .
share.
BIRTH OF THE GLOBE FINANCE.
ron . steadily increasing output from the
main, the stock eventually rose to $40 q
share and the West Australia Exploration