The San Francisco call., 1904-08-06
WILL OPERATE
ON BIG SCALE
Eastern Capitalists Ready
to Develop Magnesite Mine
in Liyermore Mountains
SUBSIDIARY COMPANIES
Men of Money Will Also Es-
tablish Three Large Fac
tories on the Bay Shore

OAKLAND, Aug. 5.-The American
Magnesite Mining Company will begin
work on its mine in the Livermore
Mountains September 1 and with the
announcement Of this fact concludes
one of the largest mining and manufac-
turing deals that has been made in the
State for many a day. Back Of this
deal is plenty Of capital. $5OO,o0O of
which has already been put up in bonds
for the purchase of the property, the
opening Of vast mining properties south
of Livermore, and the establishment of
at least three manufacturing plants
upon the shores of San Francisco Bay
in the city of Oakland.
The deeds for the transfer of the
property and the notification of the
bond issue were made a few weeks ago.
but the magnitude of the work, the
amounts involved and the plans of the
hackers of the enterprises and their
names have been kept very quiet until
to-day, when the bonds for the pur-
chase Of the property were delivered.
Now everything Is ready to go ahead
and by September 1 men will be at
work on the side of Red Mountain
opening up the vast deposits of mag
nestle.
There will be one parent and three
subsidiary corporations. All are backed
by Chicago capital and the Pacific
Coast representatives announce that
the corporations will all be close ones
and that no stock is for sale. 1t is as
serted that the stock has all been APP
portioned among those who financed
and those who promoted the deal.
The parent company is the American
Magpesite Company, organized under
the laws of the State of Maine. This
company has for it's president Colonel
G. Watson French of Chicago, who is
interested in the management of sew
eral large steel plants in that section
H. c. StilweIl of Fruitvale, one of the
California promoters, will remain in
the company as vice president and gen.
eral Pacific Coast agent of the products
of the mine and manufacturing COM
panies. Frank A. Daily of Chicago will
be secretary, as one of the represent
atives of the Chicago capital invested.
Gustave F. Fischer of Rubins, Dupey
& Fisher, representing the United
States Steel Corporation. will be treas
urer. Charles H. Spinks of Berkeley
will be manager of the mining propo-
sition with E. L. Richmond superin-
tendent at the mine at Red Mountain.
EXPECT TO SHIP ORE.
This company will begin it's work
first, opening the deposits of magnesite
on Red Mountain, building roads and
preparing to ship ore to Oakland and
New York.
The principal use to which magnesite
is put is the manufacture of fire brick
for locomotives, smelters, furnaces and
boilers of all kinds. J. v. Rose, who is
interested in the manufacture of this
brick in Sharon, Pa, is one of the
principal men in the deal. Rose will
organize the Rose Brick Company
and is now in the East. This
company will include his plants
IN the East and one to be erect
ed in Oakland. This latter plant
will utilize a portion of the output of
the Red Mountain mine. 1t is the in
tention to erect plant that will have
an output of 100000 bricks a day. This
factory will also turn out a building
brick.
In the reduction of the magnesite ore
large quantity Of carbonic acid gas
is given off. This will be utilized by
the American Carbonic Acid Gas Com
pany, of which John Deere of the Deere
Implement Company will be president
and George A. Wyman. his son-in-law.
will be manager. This company will
also be operated in Oakland.
The third corporation will be the
Plastic Construction Company, Of
which Edwin d. Weary of Chicago will
be president and manager and Peter
Burg Jaeger of London, England, will
be vice president. These men control
the American rights for the manufac-
ture of patent brick and construction
material, the basis of which is mag
nestle. This material is said to be alb
solutely freproof and can be made into
flooring and put to many other uses.
This factory will also be located in
Oakland.
All of those interested in the general
deal will have some share in each one
OF the companies. Peter L. Kimberly
of Chicago is said to be the principal
hacker and will be on the board Of di-
rectors of ali the companies. The 9TH
ers whose names have been mentioned
have interests financial in each COM
pany, but will divide their managerial
services
BONDED FOR $5OO,OOO.
The American Magnesite Company