Bisbee daily review., 1915-11-28
LETSON PRAISES
SECRET GOLD
COMPANY
BiSbee Capitalist and Head of
0atman Enterprise Speaks in
High Terms of Great PoSSibiIi-
ties in Property.

lhat the Oatman secret Gold Min
ing Company. located at Secret Pass.
Mohave County and a part of the Tom
Reed-Cold Road District. is one Of the
most promising properties in that dis
trict is the opinion of James Letson.
who returned from a business trip TO
Los Angeles yesterday morning. Let
, son is one of the most prominent Bis
/ bee capitalists and is president OF the
/ Higgins Leasing Company, the organi-
zation which has made a mine out of
the famous property on the hill
! 81 was never more pleased than I
| was with the investment made I'M the
| property that now constitutes the
ground OF the Oatman Secret Gold
Mining Company" said Letson yester-
/ day morning. 81 went over the ground
and the claims of the others interest
ed We're more than Acknowledged
The entire district locke great and
| from every surface indication the new
/ ly organized company will have some
| of the most likely looking ground in
the entire section to begin work upon
Holders of Higgins Leasing stock
are heavily interested in Secret Gold
That we have made a great success
Of the Higgins mine is Acknowledged
| by all We are going 20 apply the
same methods as 10 efficiency and
purpose i'm the property at Oatman."
( The returning Bisbeeite could not
say enough of the company He stat-I
ed that the corporation commission,
during the past few weeks has turned
down a number of applications for
. stock permits on account of the fact
( that the company. which sought the
4 permit. did not have little 10 the
ground The commission. according
Z 10 Letson. will issue a permit only to
companies owning. outright. the
/ ground for which the shares are ISL
sued
A block of stock of 100000 shares
/ has been placed upon the market by
the company and 70 is said 10 be NOV
ing I'm great shape No less a person
than Thomas Higgins, the owner of
/ the Higgins mine and multi-minion-
aire of Los Angeles, is heavy stock
holder in the new company Other
| Los Angeles capital is said 90 have
/ been interested since the formation of
I the organization
/ One Of the great difficulties. en-
] countered by most of the companies
{ in Oatman. has been due TO the fact
that sufficiently large engines were
not provided at the outset It was
found, when the four and five hundred
| levels of the workings were reached
| that the 20 horse power affairs had
TO be supplanted by larger machinery
in order to handle the water, which
/ flowed along the ledge
The Secret Gold, declares Letson
/ will start its operations by installing
! a siNty-horse power engine, which will
enable the motive power to handle
/ any head of water encountered in the
workings of the property
| Superintendent Nelson. for several
years foreman of the Tom Reed mine.
is now building a road to the property
and is preparing his camp. The next
step will be the piping of water to the
workings The first fifty feet of the
shaft will be hand work BY that time
| il is assured that the machinery will
/ be on the ground and installed and the
/ balance of the sinking win be done by
power. The superintendent estimates
| that when the machinery is installed
he will be able 10 sink the shaft at
from one hundred and twenty to one
hundred and thirty feet a month
The management, upon prospecting
the entire ground thinks the ledge Of
ore will be encountered near the 100
level The ore will not be followed
from this point, however. but the shaft
will be sunk TO the 500 level where a
station will be cut and cross-cut run
TO intersect the main ore body
Samples taken from the ledge which
is on the surface for a matter of 1900
feet across the property, ran $1.6O for
surface, and $50 for that taken i'm an
eight foot hole.
We are going TO pursue the same
tactics in the organization of the Sc
cret Gold as we did i'm the Higgins"
concluded Letson. Every cent that
goes into stock goes into the treasury
OF the company and will be spent for
legitimate purpose-to make d mine
Of what is now the best looking pros
pect ! ever saw. The present men in
teTested in the organization are aiding
In the sale Of the block OF stock which
has been offered Judge Smith Of
Continued on page three)