Los Angeles herald., 1910-11-03
1snecial to The Herald)


(snecial TO The Herald)
WASHINGTON, Nov. 2.CThe AkIoh 70
Times on October 10 printed tHe A0l
lowing advertisement:
"Stockholders Mexican Gold-Copper
comnany. A. U. Marsh, secretary;
nIease communicate with stockholders
Committee, Washington, D. Z.
behind this little advertisement hes
a long story of deep interest to mum
Der of persons in Ohio-hoW many -
not known, but in Washington me i
number is believed to be great lt,oI7 49, 10
the story of mining venture Willcll
came to nought and left in Its track
many lucllless investors"
Tn the spring of 1906 W. E. Marsh
who Is clerk to the senate committee OF
mines and mining und the secretary OF
Senator Dick, called on a long Ist oI
his acquaintances in washington anu
explained to them that bis brother
A II. Marsh, had a good thing III
Mexico. This brother was practical
mining man who had made good deal
Of money in the Oroville gold mining
district of California He had asso-
ciated with him a prominent mining
engineer, one Alexander Graydon OF
Los Angeles. Together they mad
formed a company which controlled q
property Of wonderful richness in gold
of Mexico. The riches were in sight
and what was needed was little
money to buy and install a lOO-ton
smelter which had already been con-
tracted for.
w. f. Marshs letters, written on the
stationery of the capitol at Washlng-
ton were impressive to many persons
They were headed: UNITED States Sen
ate. Committee on Mines and Mining,
and then followed the names of the
committees "Mr. Dick, chairman; Mr.
Scott, Mr.. Hepburn, Mr.. Nixon, Mr.
sutherland. Mr.. Guggenheim, Mr.. Till
man, Mr. Johnston, Mr.. Gore, Mr.
Hughes, w. e. Marsh, clerk"
MOVES TO OHIO
FROM the headquarters of the Ohio
Republican state executive committee,
Clinton building, High and Chestnut
streets. Columbus, Mr. Marsh wrote on
October 30 1906, as follows:
"Now that the company's offices and
business have been re-established, with
Headquarters at Los Angeles, every
thing in connection with the PROPOSE
ton is moving ahead in good shape,
and despite the delay caused by the
earthquake the development of the
mine itself has been proceeding unin-
terruptedly and the erection of the
smelter and equipment of the mine for
active operations will be brought
through in good time, around, or not
long after the first of the year It is
not overstating the matter to say that
there is every reason to expect that all
will have cause before very long to be
glad that they secured some of this
stock at the price they have paid
for it."
An extract from a letter to stock
holders written on senate paper Sep
tember 26, 1907, follows:
Barring some unexpected delay,
which though disappointing, is only
temporary, and as all will agree when
certain results are accomplished has
been beneficial rather than detrimental,
developments continue satisfactory,
and it is expected to have the mine in
operation and upon a returning basis
around the first of the year"
In a report sent to stockholders by
Marsh under date of May 2S, 1907 it
was said that Approximately $50 feet
of tunnel work is in solid ore; that
there is now opened up and ready for
the smelter more than 100000 tons of
ore and not one-tenth of the ledge is
vet developer; that "A large part of
this ore assays more than 500 per ton
in copper alone exclusive of gold and
silver; that, "On an adjoining prop
erty quartz has been found assaying
as high as $4,000 in gold alone 600
ounces per tom" that "A little more
money is needed to complete the equip
ment;" and that "The power plant,
ample for a 1000-ton smelter and Il
100-ton smelter to begin with have
been contracted for and part of this
equipment is now in process Of con-
struction."
"BONANZA" FADES
Then a great dullnesr came over the
bonanza venture. There were no more
letters and no more reports, so the
went by. Impatient stockholders would
ask questions, but they declare they
could not find out where the mine was
situated, where the offices of the com
pany were, where President GraydOn
was or where Secretary A. L. Marsh
was, tlthough it was said w. e. Marsh
told a few chosen stockholders that his
brother had gone into the organization
of a bigger company called the Sho-
shone Gold Dredging conn any, with
rich placer claims on the Wind river
in the ShoshOne Indian reservation,
which is in Fremont county, Wyu.
Stockholders grew more impatient.
They wrote to various Mexican gov
ernment officials, but they answered
that they had no record Of such a COM
pany as the Mexican GOld-COpper COM
pany. Enrique Creel, governor of the
state of Chihuahua Cthe state in which
the mine was believed to be located)
wrote that there was no record Of
such a company. The secretary Of
state for Arizona, where the company
was incorporated, wrote that nothing
had been heard of it since the incor-
poration fee had been paid. A large
number of mining engineers IN Los
Angeles were written to, but they
had never heard of Craydon or his
offices.
On January 27. 1910 some persons |
in Ohio laid the case before the post |
master general at Washington and it |
was Immediately referred to the office |