Los Angeles herald., 1907-09-09
MEXICO WILL CHANGE
HER MINING LAWS
MILLION DOLLARS is REFUSED
FOR BIG PROPERTY
Greene GoIo-Silver Company Rejuve-
mates Famous Old Camp Which
Enriched World to Extent
of $1oo.ooo,ooo


| MEXICO CITY Mexico, Sept s.
Lie. Jose Luis Requena, the well known
vice president of the mining chamber
of Mexico, has returned from a protract-
ed trip through several cities in the re-
public and was again at his office on
Gale de Espalda de la Santa Vera Cruz
yesterday. Mr.. Requena is very much
interested in the outcome of the project
to reform the mining laws which was
presented to the department of fomento
for submittal to the government by Lie.
Rudolfo Reyes and himself.
In an interview Minister of Fomento
Olegario Molina said that the decision
of the federal government regarding the
reforms suggested by the committee ap-
pointed by the mining chamber depended
upon the submittal by the committee of
a statement of motives upon which the
proposed reforms are founded.
Mr. Reyes has already presented to
the department of fomento the state
ment required and 1T will be a question
of but a few days before the final de-
cision of the federal governmnt is made
known.
D AS soon as the reply of the department
of fomento is received transmitting the
decision of the government, special
general meeting of the mining chamber
will take place.
Theareforms suggested will very mate
rally affect the present condition of the
mining industry in this country and for
that reason the opinion of the federal
government upon the points submitted
is eagerly awaited by mining men
throughout Mexico.
The shareholders of the NJ. B. James
Mining company have refused $l,oOo,OVo
for the various mines controlled and
owned by them in the state OF Ia
maulipas, near Victoria, according to re-
ports received here Capt. A. S. Fisher
of Houston and his associates are said
to have turned down that sum, when ap-
preached on the matter, in a very cool
manner as though no further offer was
invited.
Mines of Great Value
These properties lie in the district
through which the building of railroad
has been agitated. Numerous rich mines
have lately been discovered thereabouts
| and much development work is in prog
ress The railroad proposition is still
being agitated and men who have re-
Gently returned from that section say
| that it will be built, if the miners have
10 get out and build it themselves. as
the mineral wealth of that section sim
ply demands transportation facilities.
DEVELOPMENT of the Ocampo mines in
Western Chihuahua, Mexico, by the
Greene Gold-Silver company. has pro-
gressed to a point where Col. w. G.
Greene is confident that the early history
of the properties will be duplicated If not
excelled.
| The Ocampo mines, formerly the Jesus
Maria, form one of the most famous
gold-silver camps in all Mexico. They
were discovered in 1873 by mule herder
who stumbled upon a three-pound mass
of almost pure gold Silver was found
shortly after and in the years that fol-
| lowed the mines enriched the world to
the extent of fully $10O00O,OO0
These results were accomplished under
| the disadvantages of antiquated methods
that lost 80 to S5 per cent of the values
| in tailings which passed into the Ocampo
creek and it's tributaries.
Most of the mines have not been
worked for years, the rich Santa Juliana
l. and Compromise having been abandoned
In 1870 owing to the deterioration of the
bonanza ore formerly mined, AND also
owing to the flow of water into the
lower levels.
Recently Col Greene acquired forty
eight out of the fifty proven veins Of the
camp, including the Santa Juliana, which
alone in the lold days produced 60,OOO,0O0
in silver. These properties now will be
worked according to modern mining
methods that can accomplish results un-
thought of when the camp was at the
height of its prosperity.