Los Angeles herald., 1906-12-31
.SCHWAB A FACTOR
IN CRACKERJACK
STEEL KING NOW HUNGRY FOR
GOLD AND COPPER
Los Angeles Gold Mining Company
Sets the Pace in Rapid Devel-
opment Work In New
Districts

Charles M. Schwab ex-president of
the United States Steel corporation and
credited with having maze $25 900, 600 in
Nevada mining speculations, is headed
Tor Crackerjack, the mining district
now booming up so largely in San Ber-
nardino county. Malcolm Mcdonald,
one of Schwah's most trusted mining
experts, is expected to arrive in the dis.
trlct any day, and mining men who
know him say he is certain to be pro-
toundly impressed with tie region
richness and the opportunity for in
vestment it offers. Schwab has i'm
mensely profited by his deals in Tono-
pah, Goldfeld and Greenwater, and it
is but natural that he should follow the
east Mother Lode down to the point of
its latest estation-Crac ackerjack.
IL Schwab should invest heavily (and if
he invests it will be heavily, for he does
nothing in a small way) a great appre-
citation of the value of properties in the
district would be inevitable. The shares
of companies with choice holdings in
the district would of course go up
very swiftly.
Experts in District
Many experts representing mining
operators of less financial weight than
Mr.. Schwab, but nevertheless of large
Importance, are now in the district
looking for properties. Among the
latest to come in are George K. Allen,
on behalf of Tonopah capital, and
Thurma of Tonopah, on behalf of both
eastern and Nevada capital. Some good
sales have been lately negotiated and
many more would be but for the indis-
position of locators to sell at all, an in
disposition based on the most positive
faith in the richness of their proper
ties. OF all the districts on the Tono-
pah and Goldfeld belt none have had
locators SO unanimously in favor of
holding on. In the Crackerjack dis
trict no claim holder is in doubt about
his property being rich, the only doubt
being as to exactly how rich There is
a deep significance about this condition
when one realizes that the holders of
the district are almost entirely men
who have had successful experience
in other camps on the same mineral
belt and understand that belts charac-
teristics. The latest bond reported is
one covering valuable copper property
and entered into by Judge H. A. Bar
clay and Alexander MacKeigan, both of
Los Angeles. Energetic development
has already commenced under this
bond.
Active Development Work
he OTdCheTJdCk NIOlQ MINING COM
pany of Los Angeles sets the pace in
development work in the district, keep
ing three shifts of men going. This
has started a second shaft and
has it's tunnel in 110 feet. The tunnel |
Is intended to open up big vein of
high grade ore, and the workers in 1t
have already encountered rich stringers
of gold ore, indicating the objective
vein is not far distant. 1t begins to
ook as though the race for score in
ligh values on this company's property
would lie between the yellow and the
red metals. A new open cut on a dixie
'orty feet wide has revealed ore going
to 101a per cent copper. Surface ore
so rich leaves to pleasant conjecture
what sort of values are obtainable at
reasonable depth, for the rule in copper
rmations is that values go up as the
1iggings go down. At comparatively
little depth on the property of the
company ore running %
per cent in copper was uncovered some
lime ago.
Responsive to the rush into the dis
.rict improvement in the ways and>l
means of reaching it are to be made
without delay. A new wagon road will
De constructed from Silver Lake, on
he Tonopah - Tidewater railroad, and
The nearest railroad point. This new
'oad will be for automobiles exclusively
and cars other than those belonging to
he company will be allowed to use it
oy paying toll. Facilities for travelling
% the district are now regular and
comfortable. Although
he Tonopah & Tidewater line is far
rom completion, in Difference to the
demand a regular train schedule has
oeen established between Ludlow and
Silver Lake, and stage leaves the
after regularly for Camp Crackerjack