Los Angeles herald., 1909-10-13
HAMMOND CONFERS
WITH DIRECTORS
LEAVES THE PRESIDENT AT
PASADENA
Discusses Affairs of Tom Reed with
Officials of Company-Pror1-
Ises Report at Early
Date

John Hays Hammond, who is travel
ing with President Taft, stole away
from the presidential party for an hour
at Pasadena to confer with the direc
tors of the Tom Reed mine, in which
he recently secured a substantial in
terest. He was accompanied by ]. H.
Hobbs, the Colorado operator w'-o
joined him in the venture.
Nothing but an informal discussion
of the affairs of the company was in
dulged In, Mr.. Hammond promising the
officials something definite concerning
the conditions underground just as soon
as his engineers finish the exhaustive
sampling which is now being conducted.
information for Stockholders
The directors of the company are
pretty familiar with the physical con-
dition of the mine, but the general
stockholders are not so well posted.
for the reason that the officials have
not made public any information con-
cerning the ore reserves during the
litigation with theeir former associates
of the Blue Ridge company, who We're
suing for an interest in the mine.
With this trouble happily ended and
the acquisition as part owner of man
of Mr.. Hammond's standing end abili-
ty as a mining engineer, and equipped
with a fine, new 100-ton plant, the
dividend era should soon begin.
New Mill In Commission
It is quite generally understood by
those who were fortunate enough to
know what the company was doing,
that the old mill was treating feed of
about S25 per ton; and 1t Is hinted by
the knowing ones that the 350-foot level
contains at least one shoot of ore which
carries gold values far above that fig
ure The new mill will be put in COM
mission by the last part of this week,
and the bullion output of the Tom
Reed, all of which comes to Los An
geles, will be materially increased.
! Frank A. Keith, consulting engineer
for the Tonopah Mining company, has
just returned from an inspection of
the mine, which he places in the bo-
nanza class. With the shaft but $50
feet deep and the ore shoots averaging
eight feet in width at that depth, 1t is
not hard to conjure a bright future for
the mine.
Had Option on Mine
Mr.. Hobbs, who joins Mr.. Hammond
in the Tom Reed, is a mining man of
note in Colorado, where he made a
handsome fortune. He secured an op-
ton on the mine more than a year ago,
| but the price asked for the property
was not justified, in his opinion, with
the development of the property. He
was strongly impressed, however, with
the Tom Reed and the entire Gold
Roads district. With his opinion con-
firmed by so high an authority as Mr..
Hammond, he made second and sue
cessful effort to land one of the good
| things there.
Mr.. Hobbs left last night for Denver
and New York, on business which will
keep him away for three weeks. Upon
his return he will make his permanent
home in Los Angeles.
Charles Grimes of Pasadena will con-
tinue to act as president of the Tom
Reed and Captain Simpson as secre-
| tary. S. S. Jones, who has served the
company so we'll as superintendent and
who is thoroughly familiar with the
veining system of the property, will not
be disturbed in his work.