The border vidette. (Nogales, Ariz.) 1894-1934, 1925-02-28
ABE LINCOLN MINE SOLD.
Famous Old Santa Cruz County Pro-
Queer Will Take on New Life

Blue Nose, has been sold to
Capt. G. C. Spicer and associates
of Los Angeles and a deed given
for the property.
The Abe Lincoln was owned
by the Richardson Real Estate,
Mining and Commercial Corpora.
ton and Frank Hereford. a pro
minent Tucson attorney. Mr..
Hereford has been in Los An
geles for some time closing up
the sale. The transaction was
closed today and word was sent
here by telephone to E. F. BOIL.
niger, executor of the Richard.
son estate.
The new owners of the prop
erty will be in Patagonia within
few days, when arrangements
will be made for the erection of
a mill to treat the large body of
low. grade ore known to exist in
the Abe Lincoln.
There is every reason to be.
lieve that, with the opening up
of this property, other mines in
the same neighborhood will take
on new life, which means that
this rich mining district will
again become active, as it should
be with lead and silver. prices
what they. are at present. Pat.
agonian.
In an interview to the press,
Mr.. Hereford said
The sale was made to A. G..
Heating, a prominent engineer
of Los Angeles. who has asso
ciated with him in the deal, Cap.
tain G. G. Spicer.
Il understand that these two
gentlemen have a small group of
friends who are pooling their in.
terests in the property" and
that they have raised all the
money necessary, not only to
buy the mine but to test out it's
possibilities thoroughly so as to
determine just how large an in
vestment they must ultimately
make to put the properties upon
a producing and paying basis.
The novel feature of the
transaction is that it was cash.
The purchasers evidently knew
what they wanted, went at the
transaction in business shape
and said that they preferred to
buy the mines outright at the
best cash price they could get,
rather than to option them for
an ultimate higher price. They
have impressed me with the be
lief that they are careful bust.
ness men and that the limit of
their investment in the mines
will be measured only by the
showing made upon it. If the
mine turns out as we'll as they
anticipate, it will prove a big
thing for the Patagonia country,
not only from the fact that
successful mining venture will
be esta blished there, but from
the additional fact that the oper.
ations in that vicinity will give
the new interests chance to
make a full examination of the
district and to undertake the
opening up of any new mines
that, in their Judgment, would
be justified by their investiga.
tions.
What impressed me most in
my transaction with them was
the belief that it gave me that
these men knew the mining bust.
ness, were not spectators, and
expected to take their profits out
of the ground. California cap
ital is beginning to look to Ari
iona for mining investment and
I hope this is but the opening
wedge for new investments in
our mines.
THE Abe Lincoln mines have
been worked off and on for near.
" 80 years. Nothing of conse.
quence, however, was ever done
with them until four or five years
ago, when man from Jerome
became very much impressed
with their possibilities. He took
an option, directed modern ma
chinery for hosting, shaft sink
ing and tunneling. but unfortun-
ately he met with financial re.
verses before he could consum.
mate his deal or fully develop
the properties. The mines were
for mber of years shut down
and left with a keeper. The
lower workings became filed
with wafer which made 1t diff