Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-02
FINDS MINERAL
PRODUCTS With
fine PROSPECTS
C. G. Bockus, Back From In
spection Trip, Tells of Com
pany's Situation

Returning on the Matsonia Tuesday
from an inspection of the three prop
critics in California of the Mineral
Products Company, Charles G. Bockus,
who handled the stock-selling cam
paign here and is largely interested
in the concern, is enthusiastic and
more over the present progress and
future prospects. .s
Both in the construction of the rail-
road which will carry out the large
mineral deposits and in the uncover
ing of additional deposits, the COM
pany is making good" on the prom
Uses TO investors, he points out
In an interview yesterday he Safd:
The railroad contract, about which
there appears to have been some local
Misunderstanding, is on a strictly
yardage basis-se much for dirt, so
much for dirt and rock. and so much
for rock H. G. Ginaca, our assistant
engineer, believes that the road will
run under the estimated cost and the
construction is now ahead of time.
III. A. Edison. the chief engineer. esti-
mates the construction time at six
months, if work progresses as favor
ably as il is now doing. which will
complete the road, 25 miles long, by
July l. HI. +
After an examination made by
John Watt, H. B. Giffard and myself
of Honolulu. W. T. Jones, the original
locator Of the properties, and Mr. Gin
ca. we we're greatly pleased with the
showing of the silica deposits This
was on our first trip to the properties,
made from Patterson, and on account
of weather conditions was shortened:
"The silica deposits are more than
satisfactory. There is large tonnage
on the surface, 997 per cent pure, the
deposits more than bearing cut the
original estimates of 10000 tons,
easily mined. The grade of the hll
lends readily to economical railroad
shipment The silica deposit IS lout
13 miles from Patterson. Two mics
further are the magnesia deposits, IN
the eastern side of the hill recently
opened, previous development work
having been done on the western side.
We found al the statements and es-
Inmates previously made fell Far he.
low the actual facts. Instead Of O.
100000 tons, ii is safe to say that
there are 100000 tons here.
Our next trip was from San Fran
cisco to Livermore and back by auto
to the manganese properties of the
company5 on the upper end of the
claims. We found practically an un
limited supply of manganese, esti-
mates being that $4,000 to 750,DG0
tons are in sight. There has been I'M
covered 81 miles out from Patterson
deposits of chrome iron ore. The en-
gineer estimates that 100, 006 TO $780,,
600 tons are on the surface and can
be developed at once and shipped out,
as soon as the railroad reaches that
point. which will probably be in June.
There is no necessity now for talk
of dividends. The money is in hand
to complete the railroad and whan
transportation is provided then there
will be time enough to talk dividends.
OF the s2,000,000 of stock. more than
$l,500,000 is held in Hawaii. sir.
Bockus adds that the offer made hy
a prominent banker of San Francisco
for an option recently was for an op-
ton on the stock and not on the prop
erty. The whole matter at that tine
was closed off by direction of the di-
rectors in Honolulu The offer is like
ly to be renewed at any time the Of
ficers and stockholders desire it shall
be-"