The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-06-22

fered in England. The stock was in
great demand and the $500 shares sold
as high $4,000 each in the open
market Cornish miners were brought
over and shiploads of machinery in
stalled During the next TWENTY-FIVE
years sec. 10000 900 was spent in operating
the property, and the output was only
thrce-fourths of that amount The
company finally went bankrupt, and
the mine went into the hands of others
who are said to have taken something
like S4o.o00.000 worth of metal out OF
II. The men who own il now had to
pay several millions in assessments
before they could make il again pay
but up To July. 1910. they had received
Si.io5 in dividends.
The Wonderful NincS of LIN Luz
The mines about Guanajuato, which
are now turning out millions for Amer
leans originated through the discov-
cry OF the La Luz mine, out of which
more than 100000, 900 in silver was
taken. This mineral region was
known TO Cortez. and the La Luz mine
was discovered in 547. only nfty-ive
years after Columbus made his first
voyage. II was found by n company
OF Spanish soldiers. who made fre
on rock to keep warm and were
amazed to md puddles of silver amid
the flames.
They then investigated and found
that the country about was full of sill
yer. They began mining with Indians.
carrying the sacks OF ore TO the sur
face by means OF notched pole Each
Indian had a bag OF this ore or his
back and he climbed with it out OF the
mine. In this way hundreds of mil
lions of dollars worth of ore was taken
out Another mine more lately discov-
cred right near the La Luz was the
Valenciana From 1860, TO 1887 this
nm
in silver and it was mined in the same
rude way.
bought by Americans.
Later on these mines stopped work
ing, and became filled with water. They
we're then Dough, by American synn,-
Gates. and are now being operated with
The best Of mining machinery. a gre.>s
electric plant has been installed, the
power for which is brought for more
than 100 miles; and some of me OLD
dumps are being worked over II is
claimed there is enough ore in the
dumps to keep the smelters running
for twelve years without going down
into the mines: and that the average
cost OF production will be less than half
{, dollar per ton. Among the compa
mics now operating there are the Guam
ajuato Consolidated Mining and Mill
inS Company. the Guanajauto Develop
ment Company the Guanajauto Reduc-
ton and Mines Company and the Guau
ajuato Amalgamated Gold Mines Com
pany. all belonging to United States
capitalists
The BatopiIns and Parrnl Mines.
Other mines which have been ope-
rated for hundreds of years and which
are III existence to-day. are III Chihua :
hua, Zacatccas, Sonora and elsewhere.
I The Batopilas mine, which Boss Shcp-
/ herd reclaimed had been operated for
generations before him. and the mines
\ OF l'arral. one of which has given the
/ peon mining king. Alvarado, his mill
lions, was in territory which was
! well known at the time CorteZ died
I In 1900 the mines there were operated
! by 1000 miners. most OF whom were
/ Indian slaves; they worked under the
Z la sh and for a century or SO sent a
steady stream of silver across the
ocean
The work was so hard that the In
dians reNchGed themselves by flooding
/ the mines, and they remained unused
( until Americans pumped out the water
A Pcon Mining King.
As TO Alvarado. he was bitterly poor
until he made his great strike. He is
now worth tens Of millions, and there
are some who put his possessions a;
S15,0O0.0o0 | am told that lie FIRST
bought every luxury he could think of
building Il great palace, which ii,
l!led with pianos and canary birds &c
such an extent that il was known as
the house OF song. He also became
charitable and one Christmas Day gave
awaE 100000 silver dollars, piing tn,
money on a truck and scattering II
about among the poems of Parral 1hi.
Is The same man who once said h,
would give $4,000. 900 to the poor o
his country. He even offered to PAY
Tie national debt
Another bonanza king took out -.
100000 ounces OF silver from one min,
~ twelve years and then went TO ;u
rope 10 spend il. He lived as extrava
eantiy as he could. hut left sometime
IKE Sso,ooooo0 for his heirs 10 fgh
over.
Stories of Lost Mines.
The extent Of the mining territor.
here is so great that you can get ira