The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-29
FINANCIAL.
... ... .... FINANCIAL.
Old Spaniards Wasted
Millions of Gold
THROUGH IGNORANCE AND GREED
The Spanlards Worked
Four Hundred Years to
Make Americans Rich.

MAKE Americans R1Cn'
The greatest gold hunters the world has
ever known were the Spaniards. Their
success in this vocation aroused the greed
of the pirate. the freebooter, the highway-
man. and OF Kings. Emperors and chief
tains throughout the hund reds OF years OF
Spanish rule. The explorations Of this re-
markably active class Of prospectors led
them over the West Indies and Mexico, and
so thoroughly did they do their work that
the modern miner has been able to discover
but littls that Is new in the territory through
which ,hey travelled. Mexico furnished
by far the greatest part of the Vests con-
tributlon Of gold to the Spanish Golfers. and
the history of that enterprising Republic ls
replete with interesting and stirring Incl
dents which depict the greed OF King and
peon. priest and sinner. Among the greatest
mines that we're developed by these old
Spanish prospectors was the San Domingo
group, located in the State Of ~Jalisco, about
siSty-fve miles northwest of the City OF
Guadalajara.
This famous group Of mines was discov-
cred in 1928 by Governor Cristobal Onate;
the first Governor Of Jalisco. and was by
him given to Jose Hernand ez, one OF his
soldiers, who had helped to conquer the
country, on condition that he would pay
10 per cent. OF the total output OF the mines
90 ttlOuNS W liIp hAlB IL N'e"N 1900
paid to the King $500, 900, which proves a net
production of at least s., 900. 900. or 81 900, 900
a year. Baron Humboldt visited this country
then New Spain") In the year 1901, and in
volume 8, chapter XII, page 81. OF his essays.
mentions these mines as being among the
three greatest In the country. At that an
cient day the methods OF extracting gold
from ores were very crude. The old Spanish
ore mill tArrastres) was the only known
means Of getting out the values. Owing to
the small percentage that could be saved In
this way, only the richest ores were milled.
the miners following the veins and, after
carrying the ore 10 the surface, selecting
the richer specimens. leaving thousands OF
tons of ore which modern miners could
handle in a very profitable manner, lying
on the dump.
In the year 1914. shortly after the estab-
lishment of the Republic OF Mexico. the
mines composing the SIN Domingo group
were abandoned because OF water coming
into the workings, which were down about
$50 feet.
AT this time the only means thay had to
dispose Of the water was to carry it up lad
ders, in leather buckets: pumps and ma
chinery were than unknown. When Work
was discontinued the ore left in the bottom
OF the shaft was est imated 10 have a value
of over 81, 900 per ton: in fact. the records
in the old monastery located near these
mines show that for a period of six years
preceding 1914 the avera ge value per ton was
greater than 5000.
These mines are located In what is recog-
nized to-day as the richest section OF Mexican
mining territory. The holdings of the com
pany comprise 700 acres, and in addition 10
this the company owns an exclusive mineral
concession to sixteen square miles of terri
tory. One famous producer. the since
Minas, situated to the southeast about three
miles from the San Domingo group. has
been worked for the last 100 years. and has
made three generations rich. The produo-
ton of The Since Minas since 1924 Is s22 900 600.
notw outstanding 1t has been worked all the
time in the most crude way. The Malola
Tamara mines are located six miles TO the
northwest. These are the old Spanish mines
that in the old da ys were so rich that other
Spaniards became envious OF the owner.
Thomas Tremino. and brought charges
against him before the Holy 1nquisition in
the City of MaXico. as n result OF which he
Was tried and burned at the stake. His
partner. meanwhile. wrecked the mines
and escaped from the district. The Malola
has been reopened during the last three years
by Carlos Romero of Etzatlan. and is now
producing over 81 900, 600 a year. The Mena
Grande is situated TO the north OF the San
Domingo group and. according 10 history
now in the convent at HostotlpaQulllo has
produced over Sal 900 900. The San Pedro
Analco mines lie directly across the Santiago
River, 10 the north. They are being ope-
rated by their owners with great profit.
The facts above stated are all historical
and can be verified by the records by any
one who takes the time TO investigate. The
country is rich in mineral wealth. Mexico is
developing her vast resources more rapidly
than any other country in the world. Ameri-
can capital is being literally poured into the
Republic and American fortunes are being
made every day. Eighteen months ago the
Two Stars Mining Company of Mexico offered
and sold its stock at $40 per share. To-day
it is selling in the open market at $4,000 per
share.
There are dozens OF such instances In Mex
leo, and had We the space and you the time
TO read. we could give you the names of over
fifty properties in the Republic whose stocks
we're placed In the market in the last three
! years at prices ranging from 81 to $40 per
| share, that are to-day selling at from $500 to
SIS, 900 per share. The great mineral store
house OF the world is being opened and de-
yeloped by American capital, energy and
industry, and the time for you to take adj
vantage il the present. Don't be the waiting
man.
Recently w. H. Matthews. one of the most
prominent mining engineers In the Repu bile
of Mexico, organized an American company
WnlCn DOuRnbl Hb itluOus Wv ioup VI iihcS
and called the company the San Domingo
Mining Company. with headquarters in the
Frisco building. ST. Louis. Mo. Work was
Immediately begun, preparatory to the in
| stallation OF machinery necessary to extract
the values from the thousands Of tons OF ore
now living on the dump. After a most careful
examination Of the ores. it was found that
machinery which would extract e5 per cent.
| of the values could be installed for 5000. 900,
under a positive guarantee from the manu-
facturers that the expense of reduction would
not exceed o. per ton. The value of the ore
| on the dumps has been fixed by careful. con-
| servatiye men as angling from SIS TO s35 per
ton. At least 200. 900 tons OF ore Is now on
the dumps.
Now, in order to raise this large sum OF
money with the least possible expense. and
at the same time secure to the stockholders
of the company absolute protection against
| loss OF any character, the company presents
to the public what financiers look Upon as
the most unusual financial proposition ever
placed before the American public.
We do not use e dollar Of the money you
| invest. Every dollar you nay for stock
Ia placed on deposit with one Of the greatest
| banks on the Continent. and a. certificate
| of deposit is issued to you, payable to your
The way the company secures the money
for the building Of it's stamp mills and re-
| duction works is as follows: Your money.
every dollar OF 1t, Is deposited with, a bank