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-The Project Gutenberg EBook of The American Consolidated Mines Company
-(1903), by Anonymous
-
-This eBook is for the use of anyone anywhere in the United States and most
-other parts of the world at no cost and with almost no restrictions
-whatsoever. You may copy it, give it away or re-use it under the terms of
-the Project Gutenberg License included with this eBook or online at
-www.gutenberg.org. If you are not located in the United States, you'll have
-to check the laws of the country where you are located before using this ebook.
-
-Title: The American Consolidated Mines Company (1903)
-
-Author: Anonymous
-
-Release Date: November 15, 2019 [EBook #60691]
-
-Language: English
-
-Character set encoding: ISO-8859-1
-
-*** START OF THIS PROJECT GUTENBERG EBOOK AMERICAN CONSOLIDATED MINES COMPANY (1903) ***
-
-
-
-
-Produced by Stephen Hutcheson, Lisa Corcoran and the Online
-Distributed Proofreading Team at http://www.pgdp.net
-
-
-
-
-
-
-
-
-
- The
- American
- Consolidated
- Mines
- Company
- Illustrated
-
-
- MINES IN THE
- Rio Hondo District,
- Taos Co., New Mexico
-
-
-
-
- _THE AMERICAN CONSOLIDATED MINES COMPANY_
-
- _Incorporated Under the Laws of New Mexico._
-
- _3,000,000 Shares. Par Value One Cent._
-
- _To Avoid Excessive Taxation._
-
-
-
-
- _All Stock Non-Assessable._
- _Stockholders have no Future Liabilities._
- _The Company has no Debts._
-
- _AT ORGANIZATION
- TREASURY STOCK, 1,500,000 SHARES.
- CASH IN TREASURY, $2,000.00_
-
-
-
-
- _JANUARY 1, 1903,_
- _Stock in Treasury, -- 1,300,000 Shares_
- _Cash in Treasury -- $11,866.82_
-
- _OFFICERS AND DIRECTORS:_
- _J. SHUMAKER,_ _President_
- _O. H. STANLEY,_ _Vice-President and General Manager_
- _C. D. WEIMER,_ _Secretary and Treasurer_
- _C. P. CAMPBELL and MARTIN WEIMER_
-
- _EASTERN OFFICE:_
- _MINERVA, OHIO._
- _WESTERN OFFICES:_
- _Colorado Springs, Colo., and Taos, New Mexico._
-
-
-
-
- Introductory.
-
-
-In calling your attention to one of the richest districts in the whole
-Rocky Mountain system, we must say in the first place that the old
-Spanish and Mexican land grant controversies have greatly retarded the
-development of large tracts of the richest mineral lands throughout New
-Mexico, particularly in Taos County; but the United States court of
-private land claims and the United States supreme court have finally
-passed upon the validity of practically all these grants, and this has
-recently thrown open some very rich fields. Among these is the Rio Hondo
-district in Taos County.
-
-This district contains, without any exaggeration, almost inexhaustible
-bodies of good paying gold, silver and copper ore. In the year 1680
-these same Taos mountains gave up millions in gold and silver to the
-Spaniards, although worked by the crudest possible methods; and now,
-after lying idle for hundreds of years they are again about to give up
-their treasures to a few lucky corporations who have secured property in
-this vicinity. The Rio Hondo District is situated about the center of
-the county, a few miles north of the quaint old Mexican town of Taos,
-the county seat. Plenty of mining timber and streams of the clearest
-water make this an ideal place for reduction plants and the economic
-handling of ores.
-
-In speaking of mining, many people think of a mining proposition as a
-gamble. True it is, that the unscrupulous promoter has been too much in
-evidence, and it is not surprising that an intelligent public is
-inclined to look with suspicion at even the legitimate mining
-enterprise. Mining when conducted along business lines, is just as
-legitimate and far more profitable than any other enterprise, but the
-investor must exercise care and judgment if he would make his
-investments profitable.
-
-Mining is not affected by seasons or stagnant markets. Manufactories are
-influenced by competition, over-stocked market, variations in the price
-of raw material, and by the condition of the financial centers. Farming
-depends largely on the weather, and even when everything conspires to
-produce good crops, market conditions are frequently such as to subject
-the farmer to a loss of his entire season's work.
-
- [Illustration: Concentrating Plant and Smelter--1¼ Miles from the
- "American."]
-
-The product of the mountain is always the same. The mines are the banks
-established by nature; are not affected by runs; have a market that is
-always certain, with a demand that is constantly increasing and a wealth
-of resource--the limit of which is co-extensive with the world.
-
-But there is one thing that investors should bear in mind: "_Mines are
-made--not found_," and a mine is not made in a day. When any other
-business is being built up, investors do not look for dividends until a
-market is created and the supply is sufficient to meet the demand. Many
-good mines have been ruined by the haste of stockholders in demanding
-dividends before the mine is put in condition to pay; and by their
-refusal to recognize the necessity for a large outlay in order to make
-dividends certain.
-
-
- Description.
-
-The American Consolidated Mines Company is organized and incorporated
-under the laws of New Mexico. The capital stock is divided into
-3,000,000 shares (forever non-assessable). On organization there was
-placed in the treasury 1,500,000 shares and $2,000.00 cash. Our
-treasurer's report shows the company to be in a flourishing condition
-financially. (See report on following page.) On January 1, 1903, there
-was in the treasury 1,300,000 shares and a cash balance of $11,866.82.
-_This large treasury reserve_ assures the company of ample means with
-which to thoroughly develop its properties, erect a suitable reduction
-plant, to treat company ores and make any other necessary improvements.
-
-The Company now owns the Berry, Berry Extension, American and Dewey
-lodes (each claim contains 20.6 acres), and the Coinage mill site of
-five acres, a total of 87.4 acres of the choicest mining property in the
-Rio Hondo District. This property is covered with the finest of timber
-and has abundance of water, two very necessary factors in mining.
-
-
- Veins and Development.
-
-Rich float has always been found on this section of Gold Hill, now the
-property of the American Con. Mines Company, and when development was
-commenced it could have but one result, the finding of the veins or ore
-bodies from which the rich float originated.
-
- [Illustration: View of Twining, New Mexico--1¼ Miles from the
- "American" Mines. Showing the Fraser Mine and Reduction Plant.]
-
-The main vein of this group traverses the Berry, Berry Extension and
-American lodes, which has been opened up in various places along its
-course, and proves it continuous for at least three thousand feet. This
-vein is strong and well defined and at the different openings is from
-eight to twelve feet wide. The quartz is rich in gold and copper with
-small values in silver, and carrying iron and copper pyrites more or
-less throughout it. Mill tests from this vein show values in gold and
-copper of $22.40. Two tests recently made by Mr. E. C. Woodward,
-assayer, Colorado Springs, Colo., show values as follows:
-
- Gold oz. Value Copper, per cent.
-
- 1.32 $26.46 15.2
- 2.81 56.20
-
-One test for copper on December 31, 1902, gave 14.8 per cent. or values
-of $29.60 in copper.
-
-The Dewey claim is intersected by numerous quartz dykes, carrying good
-values in gold and copper. Surface indications point to large bodies of
-high grade gold bearing ore. Recent tests from shallow workings upon
-this claim gave values of over $60.00 in gold to the ton, which leads us
-to believe that shoots of very high grade ore may be expected when this
-vein series is cut at greater depth.
-
-Development has progressed steadily during 1902 and on January 1, 1903,
-inspection of the property showed 550 feet of tunnels, drifts, shafts,
-etc. The main or No. 2 tunnel was in 211 feet with an approximate depth
-of 133 feet.
-
-There has been erected all necessary buildings such as bunk and boarding
-houses, tool house, blacksmith shop, etc. The tunnel has been equipped
-with cars and track and the necessary roadways, logways, etc., have been
-built. In fact all the preliminary work connected with mining has been
-completed and everything is in the best of shape for careful and
-economic mining. Work will be prosecuted with all speed and when greater
-depth is gained a crosscut will be run from the main tunnel and the vein
-series of the Dewey lode will be opened up and developed at great depth.
-
- [Illustration: Pictures of the "American" Mines.
- No. 1 Tunnel.
- Mines Working in the Main or No. 2 Tunnel.
- Tunnel House and Blacksmith Shop at Entrance of Main Tunnel.
- Bunk House.
- Boarding House.]
-
-
- Present Conditions.
-
-A recent communication from our general manager, Mr. O. H. Stanley,
-reads as follows: "Development is progressing in a very satisfactory
-manner, and recent assays prove that my estimate, given in a former
-report, as to the average value of our ore was very conservative, and we
-may reasonably expect increased values as more depth is gained."
-
-(Following is an extract of the report referred to in the above.)
-
-A mill run made some time ago showed values as follows: $16.40 in gold,
-1½ per cent copper and 60 cents silver per ton, a total value of $22.40
-per ton. Taking this conservative estimate as the average value of the
-ore, and counting only the ore available between the two points opened
-up upon the "Berry" and the "Berry Extension" workings, above the level
-of the "Berry Extension" tunnel, would give sufficient ore to keep a
-100-ton plant working day and night for over 10 years. This large
-quantity of ore would be taken out without the use of hoisting or
-pumping machinery. This, together with every natural facility, such as
-water power, cheap fuel, and an abundance of timber, makes this an ideal
-location for the economic handling of ores.
-
-I would estimate that with a 100-ton reduction plant in operation, that
-the total cost of mining and reducing 100 tons of ore to 10 tons of
-concentrates, and the transportation, smelting and refining of same
-would be as follows:
-
- Mining and timbering, at $3.00 per ton $300 00
- Crushing and concentrating, at $2.00 per ton 200 00
- Freight, smelting and refining, 10 tons of concentrates, $24.00 240 00
- per ton
- Daily expense $740 00
-
- RECEIPTS.
-
- Ten tons of concentrates, at $224.00 per ton $2,240 00
- Deduct daily expenses 740 00
- Daily profit $1,500 00
-
- [Illustration: The American's Main Tunnel in Winter.
- Showing Monster Outcropping of Ore at the "American" Property.]
-
-
- The District in General.
-
-Wonderful progress has been made throughout the entire Rio Hondo
-District, but probably the most gigantic and successful mining
-enterprise in New Mexico is that the Fraser Mt. Company, which is a
-short distance south of the American. They have erected and put in
-successful operation a smelter and concentrating plant of 120 tons daily
-capacity, and the management is now perfecting plans to double the
-capacity of their works and to install a larger electric power plant.
-
-Recent advices from Mr. Harlan, President of the New Mexico and Pacific
-R. R., report rapid progress with the new railroad enterprise. We quote
-the following extracts from Mr. Harlan's letter:
-
-"Our present plans contemplate construction on from Raton to
-Elizabethtown, a distance of a little over 75 miles, but our total
-trackage will be about 80 miles. Of course, it is not our intention to
-stop with this little piece of road, but when it is extended to the
-West, the question will be where to find the most feasible route to
-cross the mountains. The Taos Valley, the Canon of the Rio Grande and
-the rolling mesas beyond the Rio Grande, and as this route will be
-difficult at best, very little attention can be given to present
-established localities. I mention this to show that even though the road
-is extended to the West, and we do expect to extend it, still your camp
-will always be the best served over the road connecting with the
-railroad in the Moreno Valley."
-
-By the above it will be seen that we will in the near future be favored
-by convenient railroad facilities, which will very materially enhance
-the value of property throughout the District.
-
-Mr. O. H. Stanley, a mining man of six years experience in this
-district, has general superintendence of the development of the American
-Consolidated Mines Company property. His long experience in this
-district, together with his knowledge of the condition and character of
-the ores, make him a very valuable man and stockholders in this company
-are to be congratulated on having such a man at the head of its mining
-department.
-
- [Illustration: _SKETCH MAP
- PART OF THE RIO HONDO DISTRICT
- TAOS COUNTY
- NEW MEXICO._
- MAP NOT DRAWN TO SCALE]
-
-
- Statement of Treasury of the American Consolidated Mines Co.
-
- Cash on hand at organization $2,000 00
- Cash stock sales and installment stock closed 4,035 54
- Cash received on installment sales not yet closed 2,073 25
- Bills receivable (balance payable on installment 7,940 09
- stock)
- Expenses to close 1902 $4,182 06
- Cash on hand (including bills receivable) 11,866 82
- $16,048 88 $16,048 88
-
-
- Policy of Management.
-
-Work will continue to be prosecuted with all speed, and to the best
-interests of all. Our plans contemplate extensive development and
-improvement in equipment along all lines.
-
-Proceeds from the sale of treasury stock will be used for the sole
-benefit of the stockholders. We wish to thank the stockholders for their
-liberal support in the past, and ask your continued co-operation--if not
-in a financial way, we shall equally appreciate any words of approval
-you may have to offer for the enterprise. The interests of one are the
-interests of all, and we shall work accordingly.
-
- [Illustration: Decorative glyph]
-
- [Illustration: A Street in Twining, New Mexico.
- Views of Mountains in the Rio Hondo District.]
-
-
-Extracts from Bulletin on Taos County, New Mexico, issued by the Bureau
- of Immigration.
-
-
- Taos County.
-
-Taos is the most picturesque and in many respects one of the richest in
-mineral resources of New Mexico counties. It is also the oldest in point
-of settlement by white men, and one of the best watered sections of the
-territory.
-
-The Sangre de Christo range is the backbone of the county. Its peaks
-rise to an altitude of over 13,000 feet. From it extend toward the west
-foothills and the mesa through which the Rio Grande river breaks its
-way, as well as some fifteen perennial streams which have broken,
-picturesque canons and mighty gorges, or have eroded fertile valleys.
-Spreading out fan-shaped on either side of the main range, and covering
-a large part of the area of Taos on the west and a large area in Colfax
-county on the eastern slope are rugged mountain masses reaching an
-altitude of 13,000 feet above the sea. As at Cripple Creek, the
-formation of the entire region is largely the result of volcanic forces,
-consisting mainly of porphyritic and trachytic dykes and overflows,
-intersected by innumerable veins or lodes, carrying gold, silver, copper
-and iron. Above Twining is the Rio Hondo and the Black Copper districts,
-both rich in gold, silver and copper. Mines in these districts are being
-actively and systematically developed by modern methods and many of them
-are regularly out-putting large quantities of ore that either reward
-treatment at district smelters, or are profitably milled or concentrated
-near the mines. Much of the gold ore is free milling and little of it is
-seriously refractory--the iron content more than offsetting the small
-percentage of sulphur and other refractory ingredients. The average
-values are from $10.00 to $50.00 per ton and bodies are frequently
-encountered that run a great deal higher. The large bodies of ore in the
-Rio Hondo and the Copper Hill districts yield their values readily to
-modern concentrating processes and it seems probable that concentrating
-will prove an important factor in the future development of the mineral
-resources of the entire county.
-
-Portions of Taos county are heavily timbered and in general the county
-is the best timbered in the territory. On account of the difficulty in
-bringing the merchantable timber from the steep mountain sides to the
-railroad, saw mills are in operation in various parts of the county, the
-principal being near Questa and Twining.
-
-The visitor finds here many things to interest him, particularly the
-Taos Indian pueblo, called by Charles F. Lummis "The American Pyramids."
-Here one can study the customs of centuries ago, folklore tales, and try
-to fathom the secrets of the "Kivas," or council chambers of these
-Indians, and the many ceremonial functions and mystic dances. (See
-picture page 17.)
-
- [Illustration: Hunting in the Rio Hondo District.
- "Jack" and His Bear.]
-
-The old town of Taos is practically today as it was centuries ago; to
-see the inhabitants toiling in the gardens and fields, carries us back
-to the time of Moses, as did the children toil upon the plains of
-Shimar. Some very old ruins, presumably Pueblo, are to be seen to the
-right when nearing the main town. An interesting feature is one of the
-churches of the Pueblo Indians, near Taos. It appears that these Indians
-rebelled against the United States government once, and but only once,
-in the latter part of the '50s, and took refuge in this old church. (See
-picture page 17). Whereupon General Sterling Price bombarded them with
-cannon from a distant point, until the Indians hoisted a flag of truce
-from the top of the old church. The effect of the bombardment is in
-evidence today, the holes made by the shells were never repaired.
-
-Scores of tourists come to visit the Indian Pueblo annually, especially
-on its annual feast day, San Geronimo, September 30. The Jicarilla
-Apache Indians, the Navajos as well as the Pueblos from the south send
-delegations to this festival and the settlers for scores of miles around
-gather at the Pueblo on that day. (See picture page 17).
-
-
- What Stockholders Say Who Have Visited the Rio Hondo District.
-
-Mr. S. D. Mason, of Andover, Ohio, says in a letter of Dec. 10th, 1902:
-
-In October I visited the American Consolidated mines for the purpose of
-investigating the property for myself and several friends who agreed if
-I reported favorably to buy stock. I found the mine all that had been
-claimed for it and more. Am so well satisfied with the property that I
-have bought 15,000 shares, and my friends are taking stock as fast as I
-can get to them to explain the situation. I have sold 50,000 shares
-without asking a single person to buy. The mine is no longer a prospect.
-It is a mine today. We have the ore, the timber, the water and an honest
-management, and that is all that is required to make it a sure winner. I
-can only say to you as I say to my friends here, that the mine is there,
-that I have put good money into it and could give it no better
-recommendation.
-
-Mr. Wm. Hinman, City Assessor of Lansing, Mich., says:
-
-My recent visit to New Mexico, the Rio Hondo District in particular,
-where I spent almost a week looking over the property of the American
-Consolidated Mines Company, has convinced me that I made no mistake in
-investing in a block of "American" stock. I will say that I never before
-had faith in mining ventures, but on investigation of the American
-Company, and the character of their richly mineralized properties that
-years of work cannot exhaust, I am satisfied that no investment can be
-more sterling and safe than that offered by The American Consolidated
-Mines Company.
-
- [Illustration: Views in the Vicinity of the "American" Mines.
- The Indian Pueblo.
- The Old Church, Destroyed in the 50's.
- The Sunset Dance.
- Annual Feast Day of the Pueblo Indians.]
-
-
- Other References.
-
-Hon. E. C. Abbott, U. S. District Attorney, Santa Fe, New Mexico.
-
-Ex-Senator Alexander Gusdorf, Taos, New Mexico.
-
-Geo. P. Miller, U. S. Mineral Surveyor and Mining Engineer, Taos, New
-Mexico.
-
-William McKean, U. S. Mineral Surveyor and Mining Engineer, Taos, New
-Mexico.
-
-Those who are at all interested in intelligent, progressive and
-profitable mining should, for further information concerning The
-American Consolidated Mines properties, and the price of stock, address,
-
- C. D. WEIMER, Secretary-Treasurer,
- Minerva, Ohio.
-
- [Illustration: (Prospector)]
-
- [Illustration: Views in the Vicinity of the "American" Mines.
- Gold Hill--1½ Miles above the American Property.
- The Junction of the Rio Hondo and the Rio Grande Rivers.
- Manufacturing Brick--4 Miles Below the "American."
- Arroyo Seco, a Mexican Town at the Mouth of the Rio Hondo Canyon.]
-
-
- The New York Herald Says:
-
-"It is an undeniable fact that most influential business men of the
-world have turned their attention to mining, the source of nearly all
-wealth; for persons who have been enslaved to the idea that the only
-safe proposition was a five or six per cent security, now realize that
-many millions of interest have been lost to them through heeding the
-advice of those interested in cheap money, and that among the banking
-institutions of the West eighteen to twenty per cent per annum is not
-considered a hazardous western profit or excessive dividend on the great
-majority of our gilt-edged mining securities, and, further, the richest
-men in the world are mining kings, many of whom have grown powerful
-enough through the proper application of originally a moderate capital,
-and it is proven that while millions of dollars have been lost in
-railroads, farm mortgages, eastern industrial and building associations,
-the American mining industry steadily advances, making enormous profits
-for its supporters, building great states and cities, and points with
-pride to the American possession of 253 mines that have paid in
-dividends over $625,000,000.
-
-"In mining investments extremely large amounts are not necessary to make
-one successful, for the man of moderate means, properly advised, has
-opportunities of quickly doubling his capital. Under incorporation great
-achievements are made possible through combining limited sums of
-thousands, thus equaling the capital of the individual millionaire,
-making possible gigantic undertakings that are productive of enormous
-revenue. The dollar of the man of moderate means is equally as powerful
-as the dollar of the money king. Both serve their purpose; both are
-entitled to their proportionate profits.
-
-"In legitimate mining a twenty-five per cent dividend is not considered
-startling, and the mining interests of the West are willing to pay that
-interest for the use of money, for, by the aid of capital they open up
-tremendous ore bodies that lead to still greater fortunes. The
-employment of $10,000 in mining is the equivalent of $40,000 in most any
-other branch of industry.
-
-"For years the wondrous profits of the metal industries have been
-whispered among investors, who apparently were afraid to let their
-neighbors know they were identified with mining, but the recent efforts
-of the financial czars of the world in forming combinations to control
-first the markets of the miners through the 'smelting trust' and then
-the mines through the 'Amalgamated Copper trust' have opened the eyes of
-the conservative and modern investors, and they are making efforts to
-obtain their share of the metallic wealth which nature has spread so
-lavishly.
-
-"Nature has laid her treasures in the mountain recesses of the West. The
-American miner searches them out. Eastern money makes possible their
-conversion into bullion and the joint results of the miner and the
-capitalists make possible tremendous profits that signalize successful
-mining."
-
-
- America possesses 253 mines that have paid in dividends over
- $625,000,000.
-
- Do you know that the American Consolidated Mines Company owns
- properties in one of the richest mineral districts in the United
- States?
-
- The "American" is a mining enterprise of merit. Its shares are
- advancing in price rapidly.
-
- Do you know you are losing money by not investing in a reliable mining
- enterprise?
-
- If you are interested in mining, the mineral wealth of New Mexico is
- something you should investigate.
-
- Buy "American" shares for a safe investment.
-
- Large amounts of money are not necessary to make one successful in
- meritorious mining enterprises.
-
- The "American" has an energetic, progressive management.
-
- An honest investment for honest investors.
-
- [Illustration: Back cover]
-
-
-
-
- The
- American Consolidated
- Mines Co.,
-
- C. D. WEIMER, Secy. and Treas.
- Minerva, Ohio.
-
- The
- American Consolidated
- Mines Co.,
-
- TAOS, NEW MEXICO.
-
-
-
-
- Transcriber's Notes
-
-
---Silently corrected a few typos.
-
---Retained publication information from the printed edition: this eBook
- is public-domain in the country of publication.
-
---In the text versions only, text in italics is delimited by
- _underscores_.
-
---Collected all the page-header advertising slogans into one section at
- the end of the prospectus.
-
-
-
-
-
-
-
-End of the Project Gutenberg EBook of The American Consolidated Mines
-Company (1903), by Anonymous
-
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