Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-10-24
SALT LAKERs IN MEXICO.
Final Deal for Llnyin de ORC Group OF
Mines Has been closed.

The Mexican Herald Of the lith inst,
contains an article with reference to
the deal tor the maj purchase OF the
LluVla de orc group Ot mines IN the
/ district OF Andres del INo, state OF
Chihuahua, which Is not lacking OF To-
cal interest tor the reason that IL, Il.
Carey and other former SAT- Lakers
were Interested in the transaction. The
paper says;
1uIs IL one Of the largest mining
deals that has been negotiated In this
republic, and Is OF SPECIAL interest to
mining men by reason OF the rapidly
with which enormous bodies OF hlgn
grade ore have been put IN sight since
the option was signed.
The owner, Bernardo Garcia, gave,
tSo years ago last June, a tnree-year
working bond for the sum Of $1,000 UOJ
gold, OF which a small amount was
paid down In cash at the signing Of the
contract, and subsequently other pay
ments were made. In part from the pro-
duct of the mines themselves and IN
part by the purchasers. AZ the time
the option was signed the mines had
been slightly developed. 2O-tOot iacc
OF ore was exposed for a depth OF 80
feet This showing justified a small
cash payment 10 the owner and the
Investment OF money to determine thu
values and qualities of ore indicated by
the unusual surface showing
Work has been continuous and the
development so rapld and rich that to-
day the mines are classed az among
the largest and richest I'm Mexico At
first a three-stamp mill was employed,
which ran a few months and produced
a thousand dollars gold per day Then
a 2O-stamp mill was erected and this
min has produced IN about year
bullion having a value Of over q mil
Hon dollars in gold This production
came from running levels and block
ing ont ore bodies SO that today the
amount of ore In sight must be enor-
nous otherwise the purchasers would
not have concluded the final payment IN
advance OF the date of Its maturity.
John SCullin OF ST. Louis and Harry
r. Cary of New York came to Mexico
short time ago for The purpose Of pay
Ing the balance due on the mines OF
about 81, 500. 900 gold. Mr. SCuilin has
many old friends In the republic az he
spent some time here nearly % years
ago as general manager Of the National
railroad during the construction period
The purchase was made for account
Of the Lluvia de orc Gold Mining COM
pany of Mexico, a corporation organ
i7ed last year in the United states and
having Offices I'm the Hanover National
bank building IN New York city The
capital stock Of the company is $lO,-
100000, and the officers ana directors
are. Harry Il. Cary, president and
general manager, James Campbell, 81.
Louis, secretary and treasurer; b. +.
Yoakum. st. Louis, John Scullin, -.
Louis Fred Edey New York.
The property has been equipped with
all modern appliances, and the enlarge
ment OF the 20-stamp mill Is being ar
ranged for, together with the erection
Of a tramway. These Improvements
and the securing of absolute title to the
properties win enable Jhe company 10
begin paying regular monthly diyl-
dends. which are expected 10 reach 81
900 600 gold per annum.
The owners OF these mines are enti-
tied to all the success they have won.
The properties are situated in the eN-
treme northwestern part OF the state
Of chihuahua, many days from rail-
road. Enormous difficulties We're en-
cOuntered n getting supplies and in
building roads, trails and ferries, ana
only the greatest energy I'm manage
ment coupled with the highest degree
OF courage and confidence on the part
OF capital has brought about the result,
that exist today,