El Paso herald. (El Paso, Tex.) 1901-1931, 1913-06-14

ing to $58.O0O,OOO and accumulated a
surplus Of S17,0O0,0OO.
This cOmpauy's smelling plants have
a combined capacity Of five or six mil
lion tons and its refineries Of almost
a half million tons every year. In
1911 the net profits were more than
$4,000, 600, and the dividends on its
common stock were II percent
The BatOpilas Mining company owns
over 1900 acres Of mineral lands, and
if has in addition a smelling company
with a very large plant. Its capital is
100000 and II has surplus OF an
equal amount
There is a great deal Of American
money invested IN the GuanaJuaIO sill
yer mines and there are four great
mining companies working there. The
Amalgamated Gold Mines company
owns properties in the LaluZ district.
It has Installed modern machinery
worked by electricity, and II has 81
steel cyanide tanks. The GuanajuatO
Consolidated Mining and Milling COM
Danv. with offices in New York, has
a dozen or more mines, including the
Sirena which has been worked for
more than 100 years, ana the Guana-
juatO Development company, lncorpo-
rated in New Jersey, controls the Pin
guicO mines and the Mexican Mining
and TRANSPORTATION company. 1t is
capitalized at 100000 and pays 6 per
cent per annum on its preferred stock.
And then there are the GuanaJuatO
Reduction and Mines company, and
others
The Real del Monte Y Pachuca Min
ing company is another valuable prop
erty which has its chief offices in
Boston. This company bought the old
Real del Monte mine, IN lSO6 ana since
that time its stockholders have put
almost 100000 into the new plant
and in development work They paid
I'D the last Of their assessments in
1907 and since then they have received,
up to July. 1910. almost four and one
half million dollars in dividends.
The mine is one famous in Mexico
It's original owner was a mule driver,
who obtained possession Of 1t almost
800 years ago. 1t proved to be a
bonanza, and within half century II
It's ownership made the mule driver
rich. He became noted for his eE-
travagances and gave the king Of
Spain several Warships fully equipped
he owned the mine until about 1900,
when a river burst into It, flooding
the works.
The mine then remained quiet for
about 20 years. when an English com
pany took hold and the stock rose in
value so that single shares Of $500 sold
in the open market for $4,000 The
demand was such that the company
went bankrupt, and the property was
finally sold for $4,000. Shortly after
that another bonanza was uncovered,
and within a few years over $4,000
600 worth Of metal was taken out All
Of this was by the old patio process
The Boston company has introduced
MODERN machinery anu II AAVW l9---t1
stamp mills with a cyanide plant
And then there is the San Toy Min
ing company. Incorporated in Maine,
with offices in Pittsburg. which owns
valuable mines in chihuahua producing
silver and lead. That company did
about a mile and a half of underground
work in 1910 and during that year pro
duced more than $4,000 ounces OF Sill
yer and a million and one-half pounds
Of lead It is capitalized at 100000
Another company is the Rio Plata Min
D pa "a
which has a capital Of 100000 and is
paying percent dividends. The Pro
prietary Mining company Of America
has an authorized capital Of 100000
and has large interests in GuanajuatO,
and the Mines Company Of America has
capitalization Of 100000 and is
paying dividends monthly.
American Money In Copper.
g.. - 4s-e