New-York tribune., 1903-04-26
GOLD INNING TO-DAY.
Hines Long abandoned as Unzcork-
able Noe Paying Vel.
MEANS AND METHODS IMPROVED.

MEANS AND METHODS IMPROVED.
There is a general, but mistaken. impression
that the tremendous increase in the worlds an
nual gold output IS due to the numerous dis
coveries of late years, in different parts OF the
globe. of fields. particularly pacers. I'm
QueStOnably the output of these add greatly To the
worlds store; but one must look for the sources
of not the least substantial increase to the wonder
fu strides made I'm the applied sciences and to the
improved and more businesslike management ana
conduct of quartz mining operations. Not only
have these made of the quartz Mines which liftNe
been paying properties since their first discovery
better producers and relatively, better paying
propositions. but they have returned to the Woru
service mines long since abandoned because, with
the machinery and appliances of early days. 'leS
could not be proftably worked
Thus, the country of the mother LODE OF
California. minerazed zone OF varying Wldth eA-
tending continuously through Mariposa, CalaNelds'
Amador, Tuolunlne and FL Dorado Countess
country which has given to the world more 'haIl
a billion dollars of it's gold supply, and in whlch
there a large number of the greatest eolu
producers in AmeriCa-there are mines WINCH
abandoned years ago. because of the impossibity
Of after reaching certain depth. making them
with the then machinery appliances and processes
repay the cost OF working, are, one by one, being
again put in operation and most successfully Ihe
American Mining News says:
There is undoubted authority for the statement
that twenty-three locations on the Mother ,S hoa9
that had been idle until 1890 have since produced
over s23,o00,000.
According to "The New-YorI Sum-" mine that
idle a long time and the stock of which
was selling 10 cents per share not long ago, Is
paying that much in dividends each MONTH
and the stock cannot be bought at even -
per share.
A case in point is that of the Mount jefferson
mine, near Groveland, TuoIumne County. Calfor-
MIA Located on one of the numerous veins OF the
mother lode, and within twenty miles CT the Utica
one OF the greatest gold producers in America II
was abandoned years ago after some three or tour
hundred thousand dollar was taken out OF II
In the light Of the better knowledge or TO-DAY. anu
facilities and methods. ii seemed certain Boston
capitalists that. as the lode is true 1lssure dL%
at the greatest depth to which it has been opened
2.S0 feeO, has shown no weakening OF the VEINS
of the latter all remarkable for regularity and
continuity it could again be prontaibiy WorKeq & T.
about four years ago. and, after spending some
fifty thousand dollars in opening up about a mile
OF shafts and drifts ana as Inuch more Ll2oli
equipment demonstrated to their great satisfaction
the truth of their surmse ., =, A.
Mount Jefferson Mines Consolidated of San Fran
CISCO organization comprising some of the most
substantial business and mining experts OF the
the important mining properties of the West
1t is estimated that there are at least oo9 700 tons
and only small portion OF M the 1 mi1e IN ] 9eretoPga pee
The ore Is free milling and averages about $io per per
ton. the sulphurets. which comprise about per
occasional deposits found running over $500 per
5n sGn fb 6 the f ehfS emp mill has
earned large profits and is paying dividends at the
of IS per per annum on its stock. ms Is
a tangible illustration of the advance in mining
methods. The management of the Mount Jeffer-
is therefore naturally not content with the
present modest yield from mine containing so
great body Of and is about to greatly IN
crease its output py adding twenty, perhaps forty
stamps to those already at work. Wisely enough,
it prefers in consideration for its stockholders TO
obtain the funds for this through the sale or a
small portion of its treasury stock, rather than 10
pend dividend paying. and 125.000 shares Will
be sold TO provide funds for the cOntem-
plated improvements, at 80 cents per share: Al
the first blush this would appear remarkable
a little thought will demonstrate the wisdom
and expediency Of this course. At such tempting
figures stock will be taken up rapidly, and the
money thus quickly found will bring 10 the sur
unprOductive in the mines depths IhlS greatly
increased output, and consequently increased
will raise the value of the remainder
o 1000 of stock in the treasury that the
whole will average out at above par. The low
price of this stock, however, is not the only m
ducement which the company offers 10 investors;
for in order to take the matter out of the domain
O speculation, the manage-lent has organized d
trust fund" which every element of risk,
investment in any one OF It's com
panies absoIutel- safe and profitable. In case one
OF the company's mines should turn out unsatls-
factOrilV reimburSeS the purchaser of stock IN
such by giving him. in exchange, without any
further cost to him. stock in some other tlat mas
proved successful and to the equivalent OF his IN
vestment The fiscal agents Of the company are a
L. Wisner & Co. GnCD, bankers and brokers', NO %
Broadway, New-York.
When realizes the difficulty of securing even
< cent m ordinary investments. and with banks
steadily reducing their interest rate the nianl1old
advantages of a genuine mining enterprise like the
a apparent, and the attention of investors
is naturally turned toward the Mother Lode that
has added materially TO the wealth OF the world