Los Angeles herald., 1908-04-13
TO BEGIN WORK
IN OLD GUERRERO
REED COMPANY TO DEVELOP
ITS MINES
TO EXPLORE DEPTHS FOR THE
MARKET VALUES
viroin Field in superstitious and lso-
lated Region of Mexico VIII
Be Investigated with
Energy

geleS capitalists "hiNti 80 -
enter the remote and until recently IN
accessible mineral region of Guerrero
in southern Mexico.
Some weeks ago The Herald pub
ushed an account of the organization
of This company which is the second
los Angeles mining corporation to en-
+er This new field of vast undeVeloped
mineral resources in the lower eA-
+remitv of the southern republic. To-
day the printed booklet of the Reed
Mine Development company, giving d
more detailed account of the proJecl'
will be issued. -.
Many is not organized for the purpose
Of onerating mines. it is solely de-
yelopment company and its object Is
fo acquire new claims, partially deVel-
oned properties or totally undeVeloped
prospects, develop them TO point
where they may be entered and ex-
amined by engineers and then place
them on the market for sale.
In the new and virgin field OF Guer-
rerc, but recently tapped by the Mex
leo. Cuernavaca & Pacific railway, the
organizers of this new company be-
lieve there exists a splendid field for
such a project as they have under
taken.
Guerrero is one of the southernmost
states of the Mexican republic. 1t Is
crossed by the lofty Sierra Madres del
Sur, whose tall peaks jut up to a
height of 5000 and 1000 feet above the
surrounding valleys, where tropical
rivers wind their way roaring to the
sea.
Guerrero is one of the widest and
most undeveloped states in Mexico. AS
its name implies, its people are the
most unruly and warlike citizens of
the Mexican republic. The native
mountaineers of Guerrero have yielded
reluctant obedience to the authority of
President Diaz and the federal govern
ment, and frequent uprisings have oc-
Cured there. 1t was largely for this
reason that the Mexican government
wished to have a railroad into Guerrero,
so that troops could be hustled into
that region to quell disorders. No up
risings of any importance have oc-
Cured since the railroad reached
Iguala, Guerrero.
Exploiting Territory
But more important to the private
capitalists who built the railroad un-
der government subsidy was the pros
pect of exploiting the undeveloped ag-
ricuItural and mineral resources of the
Guerrero country. The building of the
road was a mammoth undertaking, and
the first few efforts failed. American
engineers finally negotiated the task
and 1t was put through. The railroad
has now reached the Balsas river,
whence it's course down that river to
to the coast will be less difficult of
construction than that already built.
Centuries ago the Spaniards, most
clever miners who ever exploited the
mineral resources of this continent,
built a stage road into Guerrero, dis
covered many rich ore deposits and
carried away tons of gold and silver
to enrich the Golfers of the Spanish
Viceroys When the Spanish conquer
ors were driven out of Mexico their
famous rich old mines had to be aban-
doned. Piles of waste ore heaped
around the mouths of yawning black
holes in the ground indicate the loca-
tion Of these historical old mines, while
stone ruins of buildings mark the site
of once prosperous mining towns
among the mountains.
Since the opening of the Mexico,
Fuernavaca & Pacific railway into
Guerrero many Americans have en-
tered the region and have taken pos
session of these old Spanish mines and
are now engaged in clearing them out.
In many cases the ore on the dumps
and that taken from the old workings,
when treated by modern processes,
yields sufficient return to pay the cost
of development work. Some of these
old mines being cleared out have
proved to be more valuable.
Before the railroad was completed
into Guerrero, Henry w. Reed, an
American engineer went into the coun-
try, riding many days on horseback
He explored many old mines and after
careful investigation took up some thr-
ty old mining properties These he held
for nearly two years, during which
time he examined each of them care
fully. Finally he selected twelve of
the best mines from the group and let
the balance go.
Begins Mill Work
AS soon as the railroad reached Igu-
ala he started a flve-stamp mill and
commenced work on his properties
The ore taken out from the mines and
treated In the small mill paid all the
expenses of extensive development
work and left a profit besides.
1t was Mr.. Reeds plan to clear out
his properties one at a time and place
them on the market. He died before he
was able to reap the benefit of his
work. His widow and son kept five
of the mines and sold the remainder to
the Balsas Valley company of New
York, company organized to carry
on mining operations in the new
region.
The Balsas Valley company has been
engaged several years in completing
the work begun by Mr.. Reed and one
of their properties is now valued at
several million dollars.
One of the remarkable features Of the
Reed Mine Development company is
that it represents -he carrying out by
a son of the plans laid down by his
father.
I'm organizing the Reed Mine Devel-
opment company my associates and
myself are merely carrying out the
plans of my father" said Mr.. Haines
w. Reed of 603-4 San Fernando build
ing yesterday to a Herald reporter.
my father wanted to develop the
mines one at a time and market them.
Our company is organized for the sole
purpose of developing mines and selling
them. We are starting with the five
mines left me by my father, and these
will be enough to keep us busy for
number of years. We intend to develop
these mines and offer them for sale
to mining companies that will erect ore