Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-09-27
MILLIONAIRE
DETERMINED TO
DIE DOR
Romantic Story of Pedro
AIvaradO and His Fabulous
Iy Rich Mine Which He Has
Been Forced to Lease,

Flynn. who has an office in New York.
on July 10 MI. Flynn gave an on
ton of the lease to Eugene Davis. OF
Washington, who undertonk 10 iona
a company to work the property.
which is meanwhile being worked b.
Mr.. Flynn. The terms were a cash
payment TO Alvarado of two hundred
thousand pesos and a loan o4 six hun
dred thousand.
The lease is to run fifteen years.
during which time Alvaradc win re-
ceiVe fOrty-live per cent of HE mel
proceeds on the mine. II is estimated
thar the Pamilla mine has produce
six million pesos for AlvaraLo.
Alvarado. however, has been very
prodigal with his wealth. and urgent
financial necessities forced him to
lease tho mine, he not having funds
enough TO unwater the lower Levels
and he could not borrow under other
terms. Because Of the old methods
employed by him, the mine was 4 G
in a condition to facilitate raising
money thereon, absolutely no ore oe-
ing blocked out. The only men l
could interest in the deal were local
miners who were willing to risk
money ifethey could get control.
Pedro AlvaradO Keeping Ills Promise
10 Die II o Man.
With these prospects of more mill
lions Aivarado's acquaintance believe
that he viii not change his ways Of
spending and giving away iaV,saly. /
When he first began 10 acquire Ills
great wealth he declared that me- in
tended TO die poor. and an his ac-s
since have been along that lire. Il Is
estimated that he has given fl9.oU0.-
900 to the poor outside of ether lavish
expenditures.
Early knowledge of the Mine.
Alvarado has ALWAYS been a hard
man to understand. He Was the son
of an Indian, who married Il Mexican
woman The ground on which the
Pamilla mines stand once belonged to
the father and so zealously did he
guard Il that he is believed u hTve
had knowledge handed down from
the aborigines as to its wealth in ores.
The senior Alvarado eXacted "A prom
Use from his son never To sell the
land. and the latter has kent his word
Eight years ago Alvarado was a
joke in the mining camps of Parrtl,
in the state of Chihuahua. He was a
peon, which meant that he was bound
out as "a laborer until he worked out
an amount hat he owed. That he
money was doubtless due To the
same reckless n daring spirit that
has put him IN debt at The present
time. .
Even then Alvarado was dreaming ,
of a great future when he would be- s
come a Croesus. He told his acqualnl- {
ances of his great schemes to become {
wealthy and they only laughed M y
him. When he got control of a piece q
of property. which he inherited from {
his father. Ia the beginning OF the y
Dresent century. and announced his o
intention Of trying To ave a shhll =
sunk on il there was more aueh y y
al Alvarado the foolhardy' Z
Put Alvaradp was q hard worker \
~ ... .Na. a man nf great fgnAtlIN m
Of purpose. He dnlly succeeded lh +
morteaging his impossible piece OF y
for enough money 70 belth q
he sinking of a shaft. Days passed 4.
without any encouraging results. - =,
cry one continued To treat Alvarado
as a big joke. but on the day before
me mortgage was To be foreclosed on
the property Alyarado made hls
find
Gold and silver ore came into view
Almost in "A day Alvarado. the peon'
became AIvarado. a man OF hundreds
Of thousands. The mining camps
sasped. and Il did not take long for the
story 10 reach the outside world. soon
whole country, and, In fact inc
world knew of it.
stories of his wealth were magnihed
a figure several times as great as u
a figure several times as great ASH
was. hut a conservative ttmat
IL thai he has obtained nearly SSH
OOO. o in profits from his mining ven
lure.
with his newly acquired wealth a.
vorado acquired new ways OF lNfn6
ala through his career a fellow
feeling for his coutrymen has never
him. and it was this tina mas
fo II great extent heen the cause ot
his present need Of friends. 1:
AIvarado built a palace In the center
IF the poorest. part of Patral. u IS
surrounded by huts and thached ROOF
shanties. u is built of marble ana
and stands on the exact spot |,
ID Is said. where It's owner was born.
The facade Is simple. hut elegant and
well proportional. The stone carving
IS beautiful and harmonious. The
door opens into a spacious
patio. a beautiful feature of all Mex
can houses
Not +. Judge of Art
one poor feature of the palace
however. rs Alvarado's selection 81 pie
Not being an art expert he
purchased almost anything and every
hing that was offered To him ID t1'
way Of decoration. lie ~patrouized
home talent" and daubers from all
over the republic found him almost as
great q gold mine as was his real
mine In the ground.
The dining room of the palace IS 40
he back OF the second story and is
furnished in light oak. There are TWO
Inner services Of massive silver. COST
ng more than $4,000. Rich damash
curtains hang at carved windows, put :
here are other Furnishings very much :
,ut of keeping with the surroundings :
Dfcloth is usually used as "a covering :
or the dining room table. IL
The house has "a private chapel with :
igures Of angels IN the :
There are a richly decorated altar ana :
elaborate throne for the bishop :
Alvarado never knew the need el :
money from the time he mined hr !
irst ton Of ore TO the present u.ne &
Ie had SO much money thai ne diuh I +
Know what % do with d, ana r. +
hought that its source would last iai
yer. lie gave Co his relatives y nls I
relatives. go his friends ana ~
riends friends. Ne n Was tuIileA
way empty-handcd.
Land attracted Alvarado as . s'el
means 81 investment. AND De bHA- {
~ much real estate bob Parral .hH
it u fine hotel He estabii-hed
rec hospital for the poor ana
for the residents ~ the pace
Every month. IL Is said. AiNaraa"
.as raid out Se0.000 in pensions :"
poor. and. not satisfied vtth ms 1
e tried 40 one time to D. al Z