The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-06-17
THE WORLDS
TREASURE VAULT


CONTINUED from Page Eleven.)
the Guanahuato Development Com
pany, incorporated in New Jersey,
controls the PinguicO mines and the
Mexican Milling and Transportation
Company. 1t is capitalized at $1,000
900 and pays s per cent per annum
on it's preferred stock. And then
there are the Guanahuato Reduction
and Mines Company and others.
An Old Mine Which Yields Millions.
The Real del Monte v Pachuca Min
ing Company is another valuable
property, which has its chief Offices
in Boston. This company bought the
old Real del Monte mine in 1908 and
since that time it's stockholders have
put almost $4,000, 900 into the new
plant and in development work. They
paid up the last Of their assessments
in 1907 and since then they have re-
ceived, up to July. 1910, almost our
and One-half million dollars in divi-
dends.
The mine is one famous in Mexico.
It's original Owner was a mule driver.
who obtained possession Of it almost
100 years ago. 1t proved to be q
bonanza, and within a half century
it yielded more than $4,000, 900 in
gold. It's ownership made the mule
driver rich. He became noted for his
extravagances, and gave the King Of
lSpain 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 twenty years, when an English
company 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 so much
that the company vent bankrupt, and
n property was nally sold for $780,
900. Shortly after that another
bonanza was uncovered, and within
a few years over sac, 900, 900 worth Of
metal was taken out. All Of this was
by the old patio process. The Boston
company has introduced modern ma
chinery, and is now using stamp mills
with a cynaide plant.
And then there is the a Toy Min
ing Company, incorporated in Maine,
with Offices in Pittsburgh, which owns
valuable mines in Chihuahua produc-
ing silver n lead. That company
did about a mile ana a half of under
ground work in 1910 n during that
year produced more than $4,000
ounces OF silver and a million and
One-half pounds Of lead. 1t is CAPT.
talized at $1,000, 900. Another com.
pany is the Rio Plata Mining Com.
pany. located in the same state, which
has a capital of 50, 900, 900 and is a
ing 8 per cent dividends. The Pro.
prietary Mining Company of America
has an authorized capital Of $4,000,
900 and a large interests in Guam.
{ ahuato, and the Mines Company o
America has a capitalization Of So,
g 900 and is paying dividend.
monthly.
!! American Money in Copper.
!, There is a great deal Of Unite,
! States money invested in copper prop
. critics. The largest organization o
this kind is the Greene Cananea
: which has an authorized capitalize
> ton OF $50, 900, 900. Of this, $50, 900.
600 was for the purchase of tn
: Creme Consolidated Copper ComDan,
= an dthe Cananea Central Copper Com
pany, n the other $40, OOO, 900 wa
left in the treasury. The copper prop
= critics owned by this are yer
r extensive. They take in a large par
Q of the Cananea mountains, which ar
filled with minerals and which LAY
Q erroneous veins OF copper, one Of tn
tunnels of the Cananea mine havin
a vein thirty feed wide. The com
pany employs thousands of men an
!: its monthly pay roll is hundreds Q
: thousands of dollars. It's mineer
i output is said to be about 5000 ton
:; of ore per day and in 1910 it pro
e duced more than $4,000 900 pounds {
copper.
IS From 1S to "A Per Cent Dividends.
h Another big copper company is tn
Moctezuma. incorporated in West Vii
e ginia. with an Office in New Yorl
5. This company has thirty-eight minin
o claims in Sonora. comprising abol
e $500 acres. 1t has lately opened TT
h PelariS mine. a m~ineralized body ov;
r. in shape which has been tested dow
IF in the 7QO-fOot level. 1t is 100 fe,
:. IN diameter from north to south AT
st 1900 feet from east to west. II
n being mined through a tunnel is