El Paso herald. (El Paso, Tex.) 1901-1931, 1911-12-30
ERHESTIHE MINE ABOUT To BE
SOLO, NAY PASS TO h. B. ROWLAND
Has Taken Option on Rich MogoIon Gold Property
and as he Is the Man Who has Just Completed
q Big Consolidation at Globe, Success Is Ex-
pected to Attend His Efforts in the
Ernestine Mine Deal

part vet undeveloped. The opinion Of
al engineers who have examined the
property Is that the mine VIII continue
TO increase in value as further depth is
attained; at least another 500 to 1000
feet.
Within the last 30 DAYS. an eminent
engineer of New York Of 20 Years ex-
perience, in making an examination has
reported over S6OOO.000 in sight, and
states 1t as his belief that the mine viii
produce, with reasonable certainty.
from l2,000,000 to $4,000. 600, and
possibly more. Also thsg the mine will
be a producer for 20 years at a produc-
tlon Of $4,000 tons per year with a value
Of better than S14 per ton.
Rowland Well Known Here.
Mr. Rowland Is not a. stranger in the
district, he having made a thorough ex-
animation Of same two years ago. and
especially of the Ernestine property.
which at that time comprised only the
Last Chance mine. Thereafter the Ton
mine, formerly owned by other parties
was bought BY Mr.. WAYNE. and later
consolidated with the Last Chance. and
it has been developed by the Ernestine
Tor the past Two years through the Last
Onance mime. The combination makes
one OF the largest and most ideal gold
and silver producing properties in the
country. SIR. HOvhnd is aware of this
fact and being in position to secure con
Trol Of same, VIII likely take advantage
Of the privilege in the near future.
DIT. Hovland is keen business man,
and IS well known to be a careful inves-
tor. his connections are with some OF
the most prominent capitalists and bust
ness men Of the country, and when ne
his efforts to carry through
deal, 1t IS almost sure to be sue
cess
Present Operations.
The present producing capacity Of the
mine IS about $4,000 ner month. and
its profits about $4,000. Within so
days its producing capacity viii be close
70 S5O6OO, and its profits viii be near
$4,000 per month.
There IS now being installed a new
De u fergne oil power plant of go horse
power. which VIII reduce the fuel cost
from $4,000 to $1,000 per month. This
plant IS about completed and viii be
running within few weeks. There has
also been an additional % ton stamp
mil built, making it complete mill
Of 40 stamps, and giving it a crushing
capacity OF 5000 tons per month
The mine viii be equipped TO produce I
regular dividends Of percent per
month on its present capitalization of /
for many years to come. and 1
also to put by a large sinking fund, Z
which Is an important factor in large
operations.
History Of the Ernestine.
Ernest Craig began operations nearly !
"a years ago. when he first secured a /
lease and bond, and with great deter /
mination began operations under ad- I
verse circumstance. The mine had been l
operated as far back as 1890. Ore was /
treated by pan amalgamatiOn. saving so !
percent of the values, and shut down /
under this treatment Mr.. Craig took /
B bond and lease on it in 1898. He /
operated it under pan amalgamation and I
shut down. He experimental bv con.
then added the cyanide pro. /
,ess. which he continued to perfect un.
Ill a savings of upwards Of 80 percent /
vas secured. This position was not ar 4
rived at until 1907. C0ncurrentlv with ]
.he process development, the mine was |
developed.
In 1908 Mr.. Craig was convinced that !
le had a wonderful property in the Last /
nance mine, and that it was to his in
,erest to secure more Of the vein In /
1rder to make larger and more pro-
tuctlye property he purchased the Top |