Los Angeles herald., 1906-12-03
TEN MILLIONS
IN MINING DEAL
PROPERTY OF RINDeE ESTATE
TO BE DEVELOPED
Mystery of the Walker Lake Reserva-
ton Puzzles rospectors-Cali-
fornia Mining oper-
ations

Angeles to work SOld HllHeS pSiOhSiiS
to the Frederick II. Rindge estate In
Colombia. South America. Twenty-nint
mines are reported to exist that the
company will operate. Rindge secured
eleven acres and is said to have ex-
uended 100000 in mining improve
lnents. j. B. Lankershim is the presi-
dent of the new company. Modern
machinery will be placed I'm the field
and operations will begin in a few
months. For time hydraulicking will
be pursued, prior to the installation of
the gold dredgers. The company is
capitalized at $1O,0O0,00O.
Reports come from Redding that
the sale of the Stowell group of cop
per mines, adjoining the Balakla!a
properties, was practically effected,
only remaining to be confirmed by the
court when the matter comes up for
hearing. The Mountain Copper COM
pany sought to purchase the Stowell
group during the lifetime of the late
John Stowell, but .the latter's eccen-
tricities prevented anything more than
futile negotiations. Perhaps for the
same reasons the Stowell property has
lain uneXploited when entirely sur
rounded by active developments. 1t is
generally regarded as good piece of
property, and the fact that it will no
longer be tied up in the courts, who
ever may be the purchaser, is a good
piece of news for the county in general.
Oil to New York
California petroleum will be intro
duced to the eastern states in January,
1907. The Union Oil company will ship
oil by way of it's pipe line across the
Isthmus of Panama on January 1, ac-
cording to the present plans. Some
trouble has been experienced in secur-
ing tank steamers, but two ships have
been purchased to serve in carrying
the oil from California to the Pacific
end of the pipe line. Fuel oil from
California will be put into the eastern
market at a very low price. What the
effect of this will be upon the Califor-
mia oil industry as a whole is an in
teresting question. The Union Oil COM
pany anticipates a large demand for
the cheap and easily handled fuel.
Prohibitive freight rates by rail can no
longer shut the California oil product
out of the east. J. S. Torrance, treas
urer of the Union Oil company, says
that the low price of transportation
will enable the Union Oil company to
Law down California oil at eastern
points at a sale price very little in ex'
cess of the price for the same Oil II
California.
A Lucky Fee
d. C. Collier an attorney of Sar
Diego, acquired some mining property
in Happy Camp, eighty miles west Of
Yreka, four years ago, in forfeiture ol
q small fee. Last week a carload ol
Jade stone equaling that which fol
centuries has been believed could only
be found in China, was taken from the
mine and shipped to Obenstein, Ger
many, to be cut and polished. I'M
af I1a ctn ho hppT
discovered by Collier and his asso
ciates. who expect to make a large
fortune out of their property
Collier has returned from an in
spection of the properties. He exhibit:
a piece of Jade stone eight inches Ions
weighing six pounds that is as hard as
flint. and it's polished bits shine with
beautiful luster. New York men have
a contract for the output of the mine.
'I was not aware of the value of The
property," Collier said, until a New
York firm made me an offer for it. l re-
fused the offer and visited the mine
personally. / found ledge $50 feet
long and six feet wide"
Walker Lake District
The mystery of the Walker river In
dian reservation is casting it's spell
over the mining men of the west. Fol
Years the forbidden section, which COM
Drises the great portion of two I'M
Inense mountain ranges known TO carry
values in gold, lead, silver and copper
has lured the Venturesome prospectol
within its borders in hopes of hndlng
a bonanza that he could some day
locate.
There are hundreds of lodges in this
mighty stretch of country Known wei
to old mining men who covered them
wears ago after first carefully mapping
the spot that it might be readily round
when the opening took place. In spite
of the redoubled force of Indian ponce
gold hunters will trespass upon the
reservation in order that they may
have a definite district of ore in slght
when they rush over the borders on
the day of the opening.
"There are three kown mineral pelts
in the Walker river reservation SAID
DR.. G. w. Tibbitts, the mining en-
gineer "One is a porphyry formation
running northward from Mount Grant
varying from a mile to four miles as
tant from the western edge of the lake
This belt carries high values in gold
but the lodges are small. l have seer
many rich specimens from this dis
trict, all of which came from WlthlI
the reservation. Twenty or thirty
miles above this is second zone Whlc1
carries lead, silver and copper lead pre-
dominating. This is almost directly
east of Yerington, but across the
Walker river range.
Across the lake on the low range
which follows the east side of the lake
good values in gold and silver have
been found This belt extends east
ward across the border of the reserva-
tion where some work has been prose-
cuted by Goldheld parties.
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