The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-15
ceived. up to July. 1910, almoES
600 In dividends.

600 in dividends. G
The mine is one famous in Mexico.
Its original owner was n mulcsdriver,
who obtained possession OF II almost
zoo years ago. 1t proved to be a bo-
nanza. and within half century It
yielded more than $7.0OO.0ON In gold.
It's ownership made the mule driver
rich TIC bscame noted for his extra
V"Sances. and gave the King OF Spain
several warships fully equipped Hc
owned the mine until about 1900. when
river burst into 1t, flooding the
works
IN. mine then remained, quiet for
ABOUT twenty years. when an English
company took hold. and the stock rose
In value 30 that single shares OF $buv
soid IN the open market for $4,000
The demand was such that tho com
Pany went bankrupt and the property
WAS hnally sold for $4,000 Shortly
AFTER that another bonanza was uncuy-
cred. and within few years over
$io,OoO,O00 worth OF metal was taken
OUT. All OF this was by the old patio
process. The Boston company h,. in
PRODUCED modern machinery and IS
now using stamp mills with n cya,,ido
plant.
Ana then there is the San Tow Min
ing Company, Incorporated in Maine.
with off'ces in Pittsburgh. which owns
'aiuho PIC mines In Chihuahua produce
ana ABOUT n mile and half OF under
ground work In 1910. and during TINT
year produced more than S1o ana
ounces CT silver and n million and one
haif pounds of lead. 1t is capitalized
u, s..ooo.ooo Another company is the
itio rata Mining Company. located in
me same sta.e. which has n capital
or $4,000. 600. and is paving q mar cep,
dlSluends. The Proprietary Mininu
company OF America has an authorized
capital OF S3.0oO.G00. and mas large In
tercsts IN Guannhunto. ana the Minex
COMPANY of America has II capitaiiza-
ton OF s9.o00.00o and Is having dIv,.
bends monthly,
American Money in Copper.
ih"re Is great deal OF United
T'ates money Invested in copper prop-
critics. The largest organization or
nus kind Is tn. Greene Cananea. which
nns an authorized capitalization or
{6U.100.0U0
OF this, 10000. 600 was for tho mr.
chase OF the Greene Consolidated cor.
per company and the Canunea Central
copper Company. and the other So
o"o.oo0 was left in the treasury Tho
copper properties owned by this COM
pan? are very extensive. They take
III large part OF the Canancn Noun
tains. which are nlled with minerals
ana winch have enormous veins of
copper. one OF the tunnels or M.
Chhanea mine having a vein thirty
ttet wide. The company emplovs
thousands Of men. and it's monthly
pay roll Is hundreds OF thousands of
ao'Iars It's mineral output is said to
We hhout 1900 tons Of ore per dav and
| In 1910 1t produced more than Is 900
| 900 pounds of copper
From ~ To - Per Cent Dividend.
Another big copper company is the
.non'e"n ma INCORPORATED in West vir-
sihia' with an Office in New York
ms company has thirty-eight min
- s mi'ns IN Sonora. comprising
ABOUT 2,'00 acres. II has lately onSn.c
me Pclaris mice. mincralized body
| oval IN shape, which has been tcste
uown 10 the 700-foot level II 10 =, 10n
'cct IN diameter from north 10 south
! ana Zoo feet from east To wo.t ~
| - oeihg mined through a tunnSl ave
| miles in length. which has railroad
RACKS TO take out the ore. 1t Is nov
| Welding from 1900 10 1000 a dav NJ !,
! pr cent copper. and II has power
| plant OF 5000 horse power when
| gives the electric current for the u,,lI
! and the mines. THIS company has
COMMUNICATION OF 100000. ali owned
~ me fh"'ps-Dodgc Company In
| ''''t IL paid 20 per cent in 1000 %
per cent. and 1910 Is per cert. II has
already paid more in dividends than
inc amount OF its authorized cap,tou
| ZatioH.
AND then Americans own the Pacinc
MihinE and Smelling Company. which
mas large copper properties and also
Ahciters They own the Mexican
Metals Company. whose Office is I'm
! i'oston, and which has thousands or
acres OF land in the State of sonora.
ana also the Mexican MetaIlurgioni
! company. which is capitalized at So.
! ooc.ooo' and has mines OF copper ana
,eau as wen as a smeitcr al san Luis
Fotosi. with capacity OF 10000 tons
I OF ore monthly.
! In addition TO these. are American
! Investments in oil lands. including
Z some which lay big dividends, and
/ thcS nave great number OF other
mining companies with capitalizaticns
"h'ch vary in size. Some of them
| are paving big money. and some ouita
/ the, reverse.
tCopyright. 1918. by Frank q