Los Angeles herald., 1910-02-20

In these days of busy progress and
developments in the mineral fields OF
the country much is being said about
the wonderful richness and future OF
the mines of Mexico, country known
today as the most productive for the
precious metals, perhaps, in the world.
The great mines of Mexico have been
numbered for hundreds of years among
the wealth producers of the world, and
the annual reports made by the reliable
operating and developing companies of
our sister republic show most salts
factory returns to investors and share
holders.
During recent years Mexico has
proved a great field of investment Tor
Los Angeles capital; men interested III
mining ventures have visited and eX-
plored much of Mexico, and today nun
dreds of wise and conservative in
Vestors of this city are numbered
among the shareholders and developers
of mines in Mexico. In fact, it might
be said that the wealthiest and most
successful mining operators of Los
Angeles are numbered among the lead
ing factors in the operation OF mines
in Mexico Many handsome homes ana
imposing business blocks in this city
have been built with money made In
Mexico investments, and the present
year promises to see Los Angeles cap
ital a much stronger factor in the de-
yelopment of mines in that country
than ever before.
Among the properties now being de-
veloped in the state of Sonora is the
Creston de Cobre mine, located some
thirty miles west of Hermosillo, in the
rich Hermosillo mining district, almost
in the heart of the state OF Sonora, the
great mineral producing state of Mex
leo. This mine is owned by the Mex
leo Mining, Refining and Exploration
company of Los Angeles, with offices
in the l. w. Hellman building-a COM
pany that believes in developments and
achievements.
Mr. VIM. II Calderwood, president
and general manager for the company,
has recently returned from trip OF
inspection to the mine, where he was
accompanied by a number of the larg-
est shareholders in the company, and
they were all we'll satisfied with the
good results of the trip, reporting the
property to be in splendid condition,
with rich ore in sight as development
work proceeds
One of the first things Mr.. Calder
wood did on returning to Los Angeles
was to purchase an additional 80 horse
power boiler, with a 10,000-gallon res
ervoir tank and all equipment needed
shafts. This machinery was shipped
to the mines at once, and is simply the
forerunner of the active work the COM
pany plans during the early spring
months. 1t is announced as the in
tention of the company to erect large
smelter as soon as sufficient ore is
opened up, and other developments and
improvements will be added as needed.
Development work on the Creston de
Cobre mine now consists of double
compartment shaft which is down 300
feet, with the usual cross-cuts; the
main ledge has been opened up in three
perpendicular shafts, and from the
water level, which is 100 feet, and much
good ore is reported in sight. All of
which looked good to the visiting
shareholders, who have much conf
dence in the ability of the president
and manager.
The taking over and handling of the
Creston de Cobre mine and other prop
critics owned by the Mexico Mining,
Refining and Exploration company has
been replete with many interesting in
cidents, and the present success of the
company is due to the hard work and
efficient management of Mr.. Calder
wood. When he ineepted and incorpor-
ated the Nevada California Investment
company, less than three years ago.
money was scarce and hard to get for
almost any kind Of investment; but Mr..
Calderwood was fairly we'll known and
had a high standing, backed up with
plenty of ambition and courage, and
he "got busy" After considering a
number of interesting propositions he
became interested in the Creston de
Cobre properties in Mexico. This mine,
from information furnished and from
surrounding conditions, was good in
vestment; at that time, however, mines
in Mexico were not much in favor-in
truth, mines anywhere were not in ac-