The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-29
CONCERNING THE
SANTA ROSALIA
WATERFOWL, N. Y. PAPER HAS
ACCOUNT OF PROPERTY,
NEW DIRECTORS LIVE
ERE.

A recent issue of Watertown. n
Y. paper, where a numer of directors
of the santa Rosalia live, has the fol-
lowing comment on the recent meet
ing of the directors held in that city:
Owning a gold mining strip nearly
a mile and a quarter square in the
state OF Sonora, Mexico, a party of
Waterfowl men believe that they have
a proposition that will make them inn
mensely wealthy. The tract is fifty
three miles south of Cananea in the
northwestern part of Mexico and
upon IL are ten mines which, COM
paratively speaking have not been op-
Grated since the Spanards worked
them between two hundred and three
hundred years age. The mine is
known as the Santa Rosalia and the
company operating it is presided over
by Frank A. Summerville of this city,
while six Watertown men are on the
Board of Directors. They are w. G.
S-ebbns, Francis n. Hugo, Edward
n. Smith. Charles A. Phelps and l..
G. DeCant and +. A. Summeryiile of
this city. r. X. Clancy Cananea, Mex
leo: Henry Hill and O. w. Bruins of
Calumet. Mich. This Board of Direc-
tors was elected Sept. 10 at the an
nual meeting of the stockholders and
yesterday the Board met I'm this city
and chose the officers of the company
who are +. a. Summerville, President;
II. X. Clancy, First-vice- President,
w. c. Stcbbins, second vice-president;
+. NJ. Hugo. Treasurer; n. n. Smith,
Secretary and O. w. Bruins, Asst.
Secretary. Offices will be opened ut
No. 80 Smith Bldg. and there will be
located the headquarters of the COM
pany. O. w. Bruins, the Assistant Sec
rotary will move here from Calumet.
The property owned by the company
is all paid for with thhe exception of
81 100000 stnl owing. capitalization is
fixed at $1,000, 100000 and $S0000000
has already been paid in. The vein
has been blocked out ready to date,
value of the ore from the portion
blocked out being estimated at ST.
770.77O and as soon as the mill, which
is planned out is completed, which
will be in about six months, work will
be begun on the portions mapped out
To be worked 1t is claimed that the
development will bring in an income
of 500. 600 a month and that one
months income will be sufficient to
build the mill and TO make all neces-
sary improvements.
AS far as operated by the Spaniards.
who were driven out by the Indians,
only the richest of the ore was taken
out and the rest thrown on the dump.
1t is estimated that there is over ST.
100000 worth of ore in the dump that
will run $40 To the ton and this is
now being worked up ready for ship
ment, the cost being about So per ton
to get the gold from the quartz.
There are two ore bodies in the tract
on the lower levels, one ore body being
about IA feet wide and the other be-
ing 2S feet wide. These are being
opened and a gang of thirty men
working i'm double shifts are working
for the company and on the develop |
ments, which will be completed by the
middle of next week and which Will
be sufficient for two years TO come.
Now all that remains 10 complete the
improvements is the building Of the
mill: i'm the meantime the company
will ship its high grade ore, which
runs from $40 10 100000 per ton and
averages $1,O47 per ton.
The former headquarters of the
companhy were in Bisbee, Ariz., and
according to Bisbee news papers the
property is a most valuable one, con-
sisting Of two large ore bodies and
good ore developments.
In June, Mr.. Summerville made a
trip West. visiting the mine and also
many of the stockholders. He work.
ed hard trying to get things straight
ened out. whereby peace and harmony
would reign and the mine could be
worked and after a second trip about
month ago. succeeded in accomplish
ing this. getting eoptrol of the COM
pany and throwing out the old Board
of Directors and seating new ones in
their places who were elected at the
annual meeting OF the stockholders.
Mr.. Summerville stated today there
was not ripple OF dissension In the
company now and the concern was
not only doing business, but before the
year was out. would be doing a bus
mess that would bring big returns to
those interested in IL. Where the
stock was quoted at only twenty five
cents two or three months ago, It is
now quoted at $1.25 under the new or
ganization."-J. a. Minnear & Co.