Daily Arizona silver belt., 1909-07-04
TABLED MEXICAN SILVER MINE PASSES ID CONTROL 0F
 STRONG COMPANY

Probably the most widely advertised
 silver mine in the world has been tn,
 Pamilla mine in the Parral mining dis
 trict, largely because of the extrav
 aganees and eccentricities of its own.
 CT, Peter Alvarado, who at onc time
 offered to pay the national debt ol
 Mexico.
 In the eight years that Alvarado
 worked this mine, it is estimated that
 he took out S30,O0O,O0O gross value of
 ores. and yet two years ago he had
 given away so much money and dissi-
 pated his fortune to such an extent that he was unable to meet his debts and was obliged to part with his famous mine. His willingness to dis pose of his property was due to his inability to handle the water which came in in great volume at depth of about 600 feet. The property passed to an American syndicate, headed by A. J. MeQuatters of Dalls, Texas, presi- dent of the MeQuatters company, prom fneut engineers and contractors, who have bcen building large water works throughout Mexico. There is also a large Boston ownership in the property.
 For over year the new management has been getting the property in shape for 'argc production. This work has accustomed tie installation of pumps. electric hoisting machinery, retmber- ing of shafts, sinking of a new three compartment shaft, driving of work ing tunnel HOO feet through the noun tain, tapping the underground workings at a depth of 130 feet below the collar of the shafe and saving that distance in the lift of both ore and water; sink ing the shafts 10 depth of 200 feet below the Alvarado workings where, by means of drifts and erosscut, 200 feet of virgin ground has been opened. The bottom of the mine has been dia- mond drilled for depth of 225 feet and has given an indicated ore tonnage there of between 900.000 and HOO, ,0OO l tons of high grade milling ore in addi- l ton to which there is' between 800 ,00O | and 6O0,000 tons of milling ore in the upper level left by Alvarado and on the | surface already mined
 The public is given an opportunity to become interested in this property | through the offer of 200,O00 shares of Alvarado Consolidated Mines company stock (with a bonus of one share of | Milling Company stock for each share If Alvarado), for 50 per share, the pro 'eeds from this public offering going 70 pay for a 1000 ton mill.
 The entire issue of stock has been inderwritten by responsible parties lnder which agreement the under writers take all the stock not subscribed Tor by the public. The subscription ist will be opened on July & and will 'e closed on the following day.
 The Alvarado Consolidated Mines company has strong board of di- ectorS, including besides President icQuatters, II. Dumaresq, retired part Ter of BOstOn's prominent department tore, Jordan, Marsh X Co.,. Timothy :. Hopkins, a retired wooden manufac- urer of Danielson, Conn.,. viee-prcsi- ent of the Federal Trust company of ioston, James I. Long, president and eneral manager of the Parral & Dur ngo railroad, of Mexico, William II. harrison, president of the State Ma lonal bank of Fort Worth, Texas. Juan !. Greet, president of the Banco Mi ero, Chihuahua, Mexico, Thomas $.