Deming graphic. (Deming, N.M.) 1903-1948, 1916-06-16
- mIuuol NM n ooaiovoI ooun(y,
Nv nGk|es, wIm n sne n ~
~ PrstusIms PFspsrtIss
ceIensl Smith and c. N. Cotton Put-
ting The Dc Prspsrty In the DIV.
Idsnd Paying Glass

X. Smith has been engaged in putting
over gigantic mining propositions
During that period he has examined
at least 900 properties and has Sc
lected from this vast number. seven
groups Of mines, six of'wlich nre big
payers today. These include some Of
the big properties like Burro Noun
tain and Chemung, now owned by the
phelps-Dodge Co., Shannon. Com
monwealth, etc.
But in Colonel Smiths Judgment,
the San Miguel combination is the
most attractive proposition that has
ever come his way.
The property is located about 70
miles north of Albuquerque in San
doval codhty.
The development work consists OF
about 5000 feet, IL greatest depth
attained being 70 fee and the mine
has produced over 1000 tons of cop
per ore, which according to the smell
ter returns average 37ised copper.
aud according to the government re-
ports, there were shipped 25OO tons
of metallic copper. At the time this
work was done copper was only worth
from 8la to 10 cents n pound. All
ore under l5et was thrown on the
dump, being too low of grade for
shipment, but very valuable now.
One leaser with n small force. took
out about 2006 tons of this hign
grade copper ore in less than year,
he sold at Sia and 10 cents and made
good money.
This Is one of the oldest copper
camps in the United States and dates
back to Spanish occupation three
centuries ago, which Is evidenced by
the manufacture of copper from
these mines in the shape Of hammer
cd copper vessels and church bells,
some of which are still in existence.
There is an abundance of timber,
coal. iron and lime within the immed.
late vicinity Of the mines. There is
also an abundance of pure lasting
water from the mountain
streams.
And while great profit is expected
from mining the high grade ores. yet
il is believed that the great bodies
of low grade ore will in the end bring
..ill greater profits.
Colonel Smiths excellent judgment
IN determining valuable mining prop
critics is well known among the mining
men throughout the southwest.
Among the great properties Col.
Smith has been successful in exploit.
ng nre the Burro Mountain mines,
md the Chemung, now owned by the
Phelps Dodge Co., and valued ut mil
ions: the Shannon, whose stock was ,
irst sold on n basis Of $3.50 per
share, representing the cost Of the ,
and which has never been
'old since below so to ~ per share
md is now quoted ut $3.50; the Com
after producing about 3
was considered worked out,
mt upon examination by Col. Smith, |;
lie found values in sight that iusti-
led the sale Of the mine on basis !
4 100000, and it is now claimed !,
y the purchasers they have in sight !
approximately si.000.00O.0o. As ,
roof Of this they have installed a
250, 900 reduction plant.
Mr.. c. NJ. Cotton, head of the Unit
d Land and Water CO., OF Deming,
as associated himself with Col. P.
!. Smith in the financing Of this
reat enterprise, which bids fair to I,
ecome one Of the great producing
lines in the southwest.
II looks as though the people Of !.
lew Mexico now have another op- :.
ortunity, such as they had in the =
hino Copper Co., which sold for s5
share, and is now worth $685..