The San Francisco call., 1903-01-25
MINING BONDS
ARE NUMEROUS
Mother Lode Is Scene
Of Much Interest for
Capitalists.
Discovery Of Opal Deposit
Awakens Hopes in the
South.

More than ordinary interest is being
manifested in mining properties in this
State. the visible evidence of which is the
uncommon number of bonds passing,
especially for mines on the mother lode.
This activity is not limited to any one
part of the State, but the coincidence of
many bonds in one locality becoming
known simultaneously points especial
attention in one familiar direction. Some
account of bonding operations Is given
herewith. There are many rich mines that
can be counted upon to yield good re-
turns that to be found in various
sections of the State, the prerequisite
being, Of course, that there shall be good
management.
The Sonora Independent has informa-
ton concerning the bonding of several
properties in Tuolumne County:
The Seminole Gold Mining Company has
mole gold mine, situated near Summersville,
gether with the millsite and mill and machin-
cry thereon. The purchase price Is $50, 600, of
which $1,000 is to be paid before July l next
and the last payment of $4,000 on or before
John Rocca mas bonded to D. CineTi H A.
Ross and Charles Simi, for $4,000. the mining
property situated on the ROcca ranch at Alger-
Inc and known as the Lenormande ranch The
purchase price is to be paid before January II,
1904. The bond was signed Monday. and the
intended buyers will commence work within
sixty days.
The Clio Mining and Milling Company has
filed with the County Recorder the stockholders
certificate the action of the directors. author
izng the sale of all the property of the
pany to Oliver H. Perry of Boston upon his
paying the Indebtedness and approving the said
deed in accordance herewith
A big East Belt mining deal was closed this
an option on the Pennsylvania, CarIotta CO.
lumbus. Laura and North Star quartz mines
near Carriers. Among the present owners who
will transfer their interests are: Dave Oliver,
Hartman estate. 4. kell, A. p. Johnson, Dave
B. Nagle and John Summers. The properties
have not been developed to any great depth.
The whole group was at one time owned by
Captain Lumbardo, who worked the property
to shallow depth in the early COS. A ten
stamp mill is the Laura mine, while the
Carlotta has two small mills. The property is
about a mile from Carriers and has water
power.
S. w. Harvey reports that the Illinois
Mining and Reduction Company has Sc
cured an option to purchase all the Black
Bear group Of mines in Siskiyou Coun-
ty. The officers of the Illinois company
are all Utah men, the president being
Samuel Mcdowell and the general man
ager John A. Shettle. A. B. Patton is
the vice president, Boyd Park the treas
urer and Joseph A Graham the secre-
.tary. The deal was closed by Mr.. Har-
ney Of San Francisco. The Black Bear
mine had a cave some years ago which
closed the old shaft and cut off access
to the bottom workings. A new shaft
was started and sunk sc feet, lacking
only 161 feet of being down to the level
directly under the cave. Work will be
resumed by the new company as soon
as the weather will permit so Il is re-
ported, and operations will be conducted
extensively. Mr.. Shuttle, the general
manager of the new company, is in New
York making arrangements for working
capital.