|
The New York Times, February 19, 1887, p. 5:"PHOENIX, OF ARIZONA."PROF. MAYNARD EXAMINES THE GOLD MINE AND GIVES HIS OPINION OF IT.From the Mail and Express. Inquiries are daily received for information in regard to the Phoenix mine. Prof. Maynard has but recently returned from the property, and was found by a reporter at his office, No. 35 Broadway. Prof. Maynard is a well preserved, active man, about 45 years of age, exceedingly reserved, and self-contained, and would be called in mining parlance a "cold-nosed bear." His words, while few, are to the point. Mr. Maynard expressed his dislike of being interviewed on the Phoenix mine, particularly as the stock was so very active; but, of course, he would not hesitate to give his opinion if it would really be an accomodation to the public. He said that he had examined the mine carefully in company with Mr. Fletcher, State Assayer of Massachusetts. He had formed a favorable opinion of the property, but had written a report on it which he intended for several reasons to be very conservative, and chiefly because he had been advised by friends that certain reckless speculators and manipulators were running a big "deal" in the Phoenix stock. He had taken unusual precautions with his sampling of the ore and with his assays, which were made with Mr. Beebe at the School of Mines of Columbia College, taking precautions against any particles of free gold getting into them and making triplicate assays as checks. He had found twenty-three feet averaged $12 30 per ton free gold in a vein over 100 feet wide, with perhaps several other good pay streaks through it, which could only be safely proved when the mill is running. The vein was certainly very large, with every promise of permanence in depth and an amount of stoping ground seldom seen. He had recommended the erection of a 50-stamp mill to begin with, and believes it will pay $250,000 per annum profit. Of course more stamps could be added as the mine was opened up sufficiently to warrant it. He had seen few veins of such magnitude bearing gold. As development work progressed the value of the mine would be likely to increase very largely. Of course this was a chance that all mines must take, but he really thought that the chances of enhanced value at the Phoenix mine were exceedingly good. He had known few as promising properties put upon the market anywhere, and perhaps, after the Wall-street men had made their deal and sold out, Col. Jemison and his friends, who were in to work the mine legitimately, as he understood it, would make more money in the end than they. He thought the Wall-street men too anxious. As for himself, he would like to open up the mine and put up the mill and take the gold out of the rock. There had been some talk of making him consulting engineer of the company, in which case he would try to show results alike gratifying to speculators and investors. He would be disappointed if a mine with such possibilities were allowed to kick about Wall-street and not be properly worked. |
The URL to load this page directly (and for favorites, bookmarks, or home page settings) is:
http://news.quickfound.net/cities/philadelphia.html
|
link to quickfound - about quickfound.net - LinkShare Referral Program Copyright © 2000-2008 by Jeff Quitney, site author for The Quicksand Foundation. Contact: webdev@quickfound.net Privacy Note: On this website, your privacy is assured. Quicksand Foundation neither uses nor collects any information from site visitors. |
