Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1910-10-30
JOHN HAYS HAMMOND AND
ASSOCIATES BUY PROPERTY
Engineer Takes Over Claims Lo-
Gated in San Berdoo County

One of the most important mining
deals that has taken place in the south
west for several years was Consum-
mated a few days ago when the Pacific
Mines corporation, new company
formed in New York for the specific
purpose, assumed control Of the fam
Gus old Bagdad-Chase mines and the
almost equally famous Roosevelt
group, adjoining each other, seven
miles south OF Ludlow in San Bernar-
dino county, California, and connected
with the main line of the Santa Fe
system at Ludlow by a broad-gauge
railroad, seven miles in length, known
as the Ludlow & Southern.
The details Of the arrangement were
worked out by Frank A Keith, the
we'll known mining engineer of this
city who was formerly general man
ager of the Tonopah Mining company
and who is known to be the personal
representative Of the John Hays Ham
mond interests in this section. He 1t
was who secured, in connection with
John Hobbs of Denver, a large inter-
est in the Tom Reed mine in Mohave
county, Arizona, for the Hammond in
terests.
While the price and some other de-
tails of the sale are not yet available,
It may be said with certainty that
large part OF the property has already
been paid for and that the balance of
the property will be taken over with
out circumference just as soon as ar
rangements can be perfected. The
Roosevelt property has been acquired
outright while the Bagdad- Chase
ground will be put into the new cor
poration on an equitable basis that
leaves the large stockholders of that
corporation Interested in the new ven
ture.
The ground affected includes about
twenty-fiVe claims, the equipment at
the mines and the railroads. but the
Ragdad- Chase mill at BarstoW, about
fifty miles to the west on the Santa Fe,
has not been considered In the sale.
1t is probable, however, that the new
concern will use it for experimental
purposes, but even that has not yet
been definitely decided. At the present
time it is under lease to men who are
working over the accumulated tailings
piles
The Pacific Mines corporation is cap
italized for $1,000,000 with John Hays
Hammond president: J. N. Beckley of
Rochester, N. Y, and president of the
Bagdad- Chase Gold Mining company,
vice president; Frank A. Keith, vice
president and general manager, and
James W. Campbell, private secretary
to Mr.. Hammond, secretary and treas
urer.
The capital has been entirely sub
scribed and no part of it will be Of
fered to the general public 1t is also
understood, although no confirmation
can be obtained in an official direc-
ton, that Seeley w. Mudd, member of
the executive committee of the Ray
Consolidated and formerly chief of Mr..
Hammond's engineering staff when he
acted as consulting engineer for the
Guggenheim interests, is also heavily
interested In the new company.
WELL KNOWN CLAIMS
The Bagdad- Chase properties are
among the most widely known in the
southwest and have produced in ex-
cess of $2,50O,O00 from above the 200
foot level. The property was owned
and worked for many years by the
Bagdad- Chase Gold Mining company,
owned almost entirely in Rochester,
N. Y, but of late years nothing in the
way of operation has been attempted.
Among the prominent stockholders are
Senator Chauncey Depew, Mr.. Chase,
a leading banker of Rochester, and Mr..
Beckley of Rochester, who becomes
vice president of the new concern.
Originally the stockholders of the
Bagdad-C Chase were interested in the
construction of the railroad from Bar
stow to Johannesburg, Immediately
following the excitement in that dis
trict fourteen years ago. In order to
encourage the development of the dis
trict and provide an outlet for the
product, they then built a stamp and
colonization plant at Barstow. Suisse
Santa Fe and the mill was left on their
hands. They then started to find a
mine to supply the mill, the mines Of