Los Angeles herald., 1907-05-20
MEX|CO'S WEALTH
IN MANY MINES
Rich Old Spanish Properties Attract
Los Angeles Investors-$37,5 100000
United States Capital in
Sonora

| 1t is a mistake for American invest
ors to believe that good mining prop
critics are going a-begging in Mexico
Good mines can be secured if they are
sought in the proper manner and there
Is also capital there on the ground
both local and foreign, ready for legiti-
mate enterprises. Sales and purchases
of rich mining properties are made fire.
| quently, but, like any other healthy
business deal, they are not made with
the flourish of trumpets and beating
| or drums which attracts the attention
Of the average reader of sensations.
Rich old Spanish properties that,were
abandoned for reasons peculiar to the
conditions of the times have been
equipped with modern machinery COM
petent to cope with those conditions
and the properties have become hand
some paying investments without at
tracing particular attention. The mine
that was abandoned because the water
could not be handled is now equipped
with an electric pump which does the
business, and the electric hoists can
bring up the ore from the level that
the old operator would have thought
impracticable to work, thus giving ac-
cess to the wealth that is there and
always has been there. 1t may be a
surprise to some eastern readers ana
appear hard to believe, but it is a fact
that mining in Mexico is not looked
upon as a speculation but as an in
dustry, and as such is entitled to dig
nifty and respect.
The state Of Sonora, situated south
of the territory of Arizona, is rapidly
coming to the front as a great mineral
producer. For the past five years
American capital has been flowing into
that country, opening up new mines
and working the old mines once
worked by the ancients-with our
modern machinery and ways of treat
ing the ores these mines have proven
to be profitable investments. 1t is es-
timated from reliable data that there
is at present more than $37, 100000 of
American capital operating in Sonora,
on which the mines are paying more
than 20 per cent per annum in divi-
dends.
The climatic conditions of that coun-
try are most favorable to the miner,
being able to work every day in the
year, and the mining laws of Mexico
are the most reasonable of any coun-
try in the world. The country is con-
sidered by mining men to be the best
mineralized of any extant today; the
lodges are well defined and easily
traceable. Labor is good and reason
able-no strikes permitted in that
country-in fact, mining can be done
for one-half of what it costs in this
country. Among the many paying
mines of Sonora may be mentioned the
La Dura, which was worked years
ago by the ancients in their crude
way and abandoned by reason of not
being able to go deeper, is today q
bonanza. And the Trinidad, La Bu-
forma and over 100 of the same char
acter MinaS PrietaS mines have pro-
duced $S4,000,000 in the last eighteen
years and the producing over half
million per month at the present time.
Coming to the Front
The Mexican Mining, Refining and
Exploration company capitalized at
$5 ,000 900, has two excellent mining
properties. the lodges of which carry
copper, gold and silver While the
gold and silver values are sufficient to
pay the cost of working the mines.
the company intends to develop its
property for copper values alone. One
of these properties is named the Cres-
tan de Cobre mine, which means the
Cliff of Copper, and very appropriately
describes it. This is near Hermo-
sillo, and the conditions are favorable
for the economical and profitable de-
velopment of the property. This
over one hundred years ago. The ore
was extracted and smelted by them in
crude adobe smelters, in which they
were only able to reduce 300 pounds
of ore at a time, and consequently
they smelted the high grade ore. 81
La Corriza copper mines, the other
property of the company, are near
Syopa, district of Sohuaripa, Sonora.
1t consists of 260 acres. The ledge