Los Angeles herald., 1909-10-09
HAMMOND BUYS
AN INTEREST IN
THE TOM REED
INVESTS MONEY IN A GOLD
ROADS MINE
JOINED IN THE VENTURE BY A
COLORADO MAN
Litigation Is Ended and the New One
Hundred Ton Plant Will Now
Be Put to Work on
Rich Ore

Hays Hammond the eminent mnlllS
engineer, and John c. Hobbs, a widely
known mine operator who amassed d
fortune in the early days or grippe
Creek, the litigation which mas SO SER
ously affected the Tom Reed mine
at Gold Roads in the Kingman, Arlz',
country. has been brought to an end
and one of the best of the new mines
of that state is free to go ahead IN
the development work outlined anu
the reduction of its ores.
The Tom Reed has long been known
as one of the coming big ones aIliUIs
the gold properties adjacent 10 Lo9
Angeles, but several months dso li9
then owning company, the Blue Rluge'
vent ON the rocks and the mine was
sold at sheriff's sale, for an lndepIeu-
ness of $4,000. Some officials OF the
company, who had paid their pro-rata
Of an assessment in the endeaVor 70
save the property from the hammer
bought the mine in and organized the
Tom Reed Mining company. Ihey
went ahead in the work OF SINKING d'
entirely new shaft, and opened up d
fine body of gold ore. Then the men
who had refused to pay the assessment
registered a kick, claiming fraud anu
brought suit to have the sale set aside.
Mr.. Hobbs lnterVenes
Mr.. Hobbs, who has had some expert
ence in mining suits, foreseeing endless
Iitieation. proposed to the Tom Reed
officials to buy out the Blue Ridge
stockholders and take stock in the IoIA
Reed company for his investment. rms
PROPOSAL was made, after both MI
Hobbs and Mr.. Hammond had mace
a thorough examination of the mine.
The deal was finally consummated ana
on Thursday Mr. Hobbs attorneys
asked that judgment be rendered III
favor of the defendants, in the dis
trict court at Phoenix, Ariz., which was
done.
Hammond as Engineer
Mr. Hammond was at the mine tive
weeks ago, Just prior to his arrival IN
Los Angeles, and met Mr.. Hobbs at
the Alexandria here, where he mas
been a guest for the past month. upon
conclusion of the deal, he sent compe-
tent engineers to the mine to thorough
ly sample it, and will himself act as
consulting engineer. S. 5. Jones' the
capable superintendent now in charse
of the mine. will be retained and there
will be no change in the ottlclal talllilS' e
Dividends for Pasadena
Pasadena men are the principal
shareholders in the Tom Reed, ana
within a very short time they should
begin TO get ulNlu6uuS IIOll IllC - tNN-'
ury. The company has two mills, one
now in operation and the other,
brand new 100-ton plant, equipped with
cyanide tanks as an adjunct to plate
amalgamation, will be ready to o.
nlaced in commission within ten days
An electric line is now being extended
from Kingman, by way OF the cora
Roads mine by the Tracey Engineering
works of Los Angeles, to furnish the
motive power.
Has Plenty of Ore
The main working shaft of the Tom
Reed is down to a depth of 35O 1eel
with levels opened and drifts eXtend-
ed on the ore on the $50, 25O ana 3oO
levels The vein varies in width from
ten to twenty feet, and there is eight
feet of ore of good mill grade. Some
lenses of extremely rich ore have been
encountered and it is commonly under
stood that something sensational was
developed on the bottom level OF the
mine. but definite information cannot
be obtained as to that until Mr.. Ham
pond's engineers have made their re-
port to him and he has conveyed the
information to the shareholders. 1t Is
safe to say, however, that neither Mr..
Hammond nor Mr.. Hobbs would have
invested in the property unless it had
the goods.
The Herald is glad to announce that
Mr.. Hobbs has decided to make Los
Angeles his permanent home, and to
open offices here.
Arthur Weber, a prominent mine op-
orator of Goldheld, is in Los Angeles
on a business mission.
w. T. Tobin and brother, Richard F.
Tobin, mining men of Pioneer, New
are at the Alexandria. They are en-
gagged in the purchase of some val
liable downtown real estate in Los An
geles.
Mat Hovak, who opened up the
Montgomery -Shoshone mine at Rhyo-
lite, New, as superintendent for Bob
Montgomery, and who is now operat-
ing in Searchlight, accompanied by one
of his partners, w B. Rulon of Phila-
delphia, is i'll town to get pump for
the mine.
The Goldfeld Tribune says that the
Pigeon Springs mill of the Ida Queen
Mining company, a San Luis Obispo
concern owning the Buster mine near
Ida, has been sold by the sheriff and
will be equipped with additional ma
chinery and operated as custom mill
A strike of rich gold ore in Bannock
New, fourteen miles south of Battle
mountain on the Southern Pacific's
Overland route, has excited Nevada
porspectors, and a rush is on to the
new diggings.
Injunction Closes Lease
The rich Combination lease of the
Stall brothers on Charleston hill in
National, Humboldt county, Nevada,
has been closed down by injunction
proceedings brought by the National