Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-08-17
UBEHEBE The
MOST DAZZLING
EASTERN CAPITALIST FASCIN-
ATED BY IMMENSELY OF ITS
COPPER DEPOSITS.

most interesting, most fascinating
country that l have ever been in, and
/ have travelled considerably. AS a
copper deposit it is appalling in its
immensely"
This was the expression of Frank
F. Peard, of the firm of Peard, Hill
& Co, bankers and investment brok-
ers of Baltimore. Mr.. Peard return
ed yesterday from a trip with John
Salsberry to the famous copper coun-
try on the edge of Death Valley. He
went to Ubehebe to look over the
country and to determine the adj
visibility of underwriting a million
dollar bond issue for the construc-
ton of a railroad from Ubehebe to
Montana station on the Clark road.
Asked as to whether he would under
take to float the bonds, he said that
he had already made a proposition to
Mr.. %Salsberry, and that he expected
an answer from the Nevada million
aire before leaving for the East to-
night.
"The railroad is most feasible"
said Mr.. Peard. we went over the
ground and | saw only one or two
places where / would suggest that
trestles be put in, for better security
in the event of a %cloudburst. 1t
would be a sixty-mile stretch of road
and the output from the Ubehebe
mines alone would be sufficient guar
antee for dividends. But there are
other mines down there which would
be tributary to the road, and which
would combine to make it one OF
the best paying properties for that
sort of a run anywhere. The col-
struction of the road would cost
about 100000 or $500, 900, with
out its equipment.
II can't help being enthusiastic
over the mines. They would be a
success if the ore had to be hauled
across the desert by team. They
are ready to ship ore there now, but
of course it will be the wiser policy
to put in the railroad, and hold back
the shipping until the proper trans
p%ortation is in operation. The rail-
road can be built in six or seven
months, for it will be commenced as
soon as the bonds are issued, and
there is no doubt as to the sale of
the latter.
"A layman can tell that the ore is
there, enough of it to last a life
time. You can see the great out
groupings on the top of the noun
tain. Now Che argument might be
used in some cases to the effect that
this is all very well for the surface
showing, but it does not prove that
the ore has depth. This argument
could be used very effectively in
some other places, where they have
to go down at a big expense to prove
the depth.
But the argument does not apply
in Ubehebe. They have proven the
depth. Here is your outcropping,
and some distance below on the
mountain side they show you a tun-
mel; and still further down there is
another tunnel, and there is another
at the base of the mountain. / went
into several of these cuts, one of
them being in a hundred and fifty
feet. And in every tunnel | found
the ore. That shows plainly enough
that the ore goes down. ! have taken
some samples with me, which | am
going to have assayed in New York.
] I'M quite confident that they will
go well in gold and silver as well as
copper.
The immensely of the territory
of the company is simply appalling,
there being over a thousand acres.
containing o copper than could
be used in a lifetime. Compared with
Butte-well, of course, | do not care
to go on record as saying that it will
be a greater copper country that
Butte. But with proper manage
ment, it will develop into something
as great If not greater. You see
they know what they have at Ube-
hebe; it is no idle speculation as to
what may be found under the
ground; they have already found it
under the ground. They have a
mountain of ore.
Il am almost afraid to talk about
the proposition. because | find myself
being carried away with the great
ness of it all, and | am free to con-
fess that | have not seen one-half of
what there is to be seen. When You
behold great green openings, yout
know what they are, and when you
run into gray copper ore, you know
what that is. The beauty of 1t is
that no development work is needed.
The company can start in shipping
today and make money from the
start. Mr.. Salsberry has been a little