Los Angeles herald., 1906-05-07
RnNAN7A MIMI
- 1QluittvEu tuttttG
IS A BARGAIN
BOUGHT BY Los ANGELES MAN
FOR $4,000
Prophet Dowle's Claim In Mexico.
Latest News From searehllght
Dlstrlet--Arizona's Great
Mineral Wealth

II Is announced that one of Elijah
Dowie's representatives. has denounced
an old Spanish mine i'm the Etzatlan
district of Guadalajara. Mexico, and
that the prophet" will seek to revive
his financial fortunes through Mexican
mining. BE the facts as they may In
regard to this particular exploitation
the history of Mexican mining shows
even stranger facts than IL would be
for DR.. Dowle to strike It rich, says
the Tucson (Ariz.) Post
The public has in mind the we'll
known example of Boss" Shepherd of
Washington, likewise a "discredited
prophet" in his own land, who, through
his Mexican investments at Batapois
restored his fortune and made great
wealth for his associates. More re-
Gently one Gillett, former cattle king
of the central west, who was dragged
under by the flood of his financial oper-
ations, found a return of fortunes
smile in Mexican mining investments.
Only few years ago a well known Mil
waukee financer, who had been brought
to the ground by the failure of his ex
tensive iron operations in Lake Superior,
went to Mexico with a very small capi-
tai and succeeded in a very short time
in restoring his fortune and his finan-
cial name. Not all the adventurers
who seek the distant regions of Mexico
to get fresh start succeed, but with
the examples above referred to it is
possible to believe that Dowie may find
that a Mexican mine is more satisfac-
tory and fully as profitable as his much
talked of Zion.
Bought Bonanza Mine
The we'll known Bonanza mine. situ-
ated at Fools Paradise, near the con-
huence of the klamath and Shasta
rivers, was sold recently by Seaman &
Martin to J. H. Krepps of Los Angeles,
president of the Golden Wonder Mining
company. The purchase price was
$20,000 The group consists Of three or
four claims
Mrs. Fanny b. Brent has bought the
Los Angeles group of mines near Llano
Colorado about sixty-five miles east
ward from Minas Prietas. in Arizona,
and will proceed Immediately to oper-
ate the properties on an extensive scale.
Later the lady will probably organize
a company to carry on the work. The
properties have been mentioned here
tofore as under the ownership of Frank
Smith of Hermosillo, who has sold them
to Mrs. Brent. There is about 600 feet
of development work, and piled on the
dump are more than 1000 tons of high
grade ore ready for shipment, which
mas smelter now in course of construc-
tion, is completed and ready to treat
ores.
Work of an Expert
The investors and the mining expert
often have different ideas about what
is expected of an expert. Recently an
investor who has on occasions invested
money in mines in this section Of the
world had present ed to him an invest
ing proposition in what was supposed
to be a good property. He engaged
mining expert. one of the best in Den
ver to look the property over and re-
port to him. The expert made
thorough examination. and his report
is said to be one of the most exhaustive
ever seen in New York. 1t had c long
typewriter description of the property,
page after page of the results Of the
assays of the ores in the property fire
maps of the property, both Topographic
cal and geological, and everything else
that an expert could give to show what
the property was. The whole was
nicely bound in limp leather and the
name of the investor appeared on the
front cover in letters of gold The in
vestor examined it carefully, and the
more he read it the less he knew about
it. Finally he bundled the book up,
sent ii back to the expert and wrote
him about as follows:
THE book is very fine, but what 1
want to know is if I invest in this will
! have run for my money!"
The expert is still working on the
proposition
searchlight District
The recent disaster in San Francisco
has been felt in the Searchlight district
to certain extent, yet the wheels of
progress did not stop, neither will the
loss be felt to any exceeding extent, as
Searchlight had practically little or no