New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-04

Col W G. Greene who successfully devel-
oped the Greene Consolidated Copper Company.
making il the third largest producer OF copper IN
the world and putting IL on a bi-monthiy dfvl-
dend basis. has recently brought out the Greene
Consolidated Gold Company, whose property con-
ssts of a series OF placer mines covering the bed
and adjacent lands OF the Santo Domingo River
in the District of State OF Sonora Mex
leo. The property includes strip Of land nfteen
miles long situated a short distance southwest Of
Cananes where the great mines and rehneries OF
the Greene Consolidated Copper Company are 10
Gated.
The santo Domingo River is permanent stream.
and is the basin for the drainage OF a region OF
100 miles on either side which region is hled with
mountains of volcanic origin containing innumera-
bic gold lodges, and the disntegraton of which
through the ages has washed down, cutting out
the bed OF the Santo Domingo River in some places
100 feet deep, and thus forming there immense
placer deposits 20 to 80 feet deep III this stream bed
This Is the district in which Gems Miles and
Lawton in 1856 hunted the Apache chief Geronimo
Here the Spaniards, after the conquest of Mexico.
searched the gold of the Aztecs, and srom here
the treasures Of the Montezumas are supposed 10
have come. The old Spanish workings and their
houses are still TO be seen the banks OF the
Santo Domingo River.
The continued activity in the stock Of the Greene
Consolidated Gold Company last week is attribute
Bile TO information from the companys mines that
the installation OF their large plants were nearing
completion. One-half started up during the last
few days and the remaining half is so nearly
completed that II is expected 10 oe running oy
December 10.
The plants of the Greene Consolidated Copper
Company and those OF the Greene Consolidated
Gold Company are both controlled and managed by
the same men and the same interests and are
practical Illustrations of the possibilities Of sue
csssful mining when Iegitimately conducted by ex-
perienced mining mon
The output OF the Greene Consolidated copper
Company has value or slVVoo'o per month";
With a net profit In excess of $4,000 per month.
With the completion Of the plant of the Greene
Consolidated Gold Company during the coming
month this company will then be treating from
four 70 six thousand tons of placer gold bearing
gravel per day and with 1t net profit OF at least
s150 900 per month the start is looked for. All
this Is 70 be done it's capitalization of sS.ONcO-
Treasury stock sold last March at par-sl0
per share-for equipment purposes: about 10000
shares still remaining in the treasury. No more
If this treasury stock will be sold at present.
that already disposed of has furnished all funds
ouired FOR present needs.
The company claims that these placer deposits
can be worked for 100 years and not be exhausted
The property OF the company is very extensive.
and together with the plant is entirely paid for.
There is no bonded debt preferred stock Not
having been hampered by lack of money. the com
pany has been enabled obtain the lowest cash
prices for its equipment, and has rushed its de-
velopment rapidly at the smallest possible cost
The friends OF the company state that 1t will be
IN q dividend basis in December of this year. after
which time it is believed. dividends will be con-
tinuous
The directors are all well known capitalists.
practical and successful mining and business men,
and every assurance is given that the property IS
now and will be handled efficiently and economi-
caI1, bv the same MANAGEMENT that has made the
Greene Consolidated Copper what IL is to-day
Evening Mail.