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'^>00^TOL X H. L. SCA1FE, ^ \V. K. BELLI I A MEMCA V - ?? ... ^ i. jf H KPol|TS ON JT REPORT OF H! L. EISENHART President and General / Marager of the United Mining Coirpany" ?jnp rTF PNt,-iVt' ,!"'MuMflRF ^ vjr O I F>ia!;.:ui. 'm mines r.liW^S.SV sind Usten. Ixtnii .iV.rffv i''lL ^ "*' ??t. montfdy dividend. (A rTtiifr is approximately :!9 inches.) fn# I'he Toluca and Senile mines an* in the same k t n< I of formation as tlie a hove named mines; the veins occur the same, hear the same eliaracter of ore ami, no / jtt doubt, with the proi>er development \ Q work, will produce the same results. jmL What has heen done is reasonable to Ik** U lieve can lie done attain, with the proper direction over the development work. Then* is an ample supply of wood and water for milling purposes, and lalntr in ahundance. The average wages paid a miner in t\y*$ locality is ti'Jhj cents jn*r day. The'projK'rty is nicely located and ? can Ik* worked hy tunnel to a depth of In'tween <>50 and 7i>> feet, thus avoiding *- ( pumps, hoists, etc. a legitimate mining proposition ; and, with the neeessary development work, will Ik* among the producers of this great ininThis municipality is lx*ooming one of the leading districts of southern Mexico M and bids fair to rival the famous I>os mm J'.strelios and K1 Oro region, some soveujKL ty miles distant iti t-i.w same geological JNL (Signed) II. k. Kisknuai'.t. jIL REPORT OF H. L. SCAIFE ^ General Manager Toluca Mining Company. V ? I'nioit. S. C., May 1?.H)7. Tohifrt Minium Ooiajany. ^& Indianapolis, hid. (ientlmncn: I have completed -?evera! careful exa: i* ination^ of ti:e Tohuu and S aife m111 , j* The TOLIICA Mining Co ^9 The president of the compar Company ( known as the Ch large experience in mining a ^9 .is Hon. Macbeth Young, Ma agemejit.pf the company is i jC mines in the Republic of Me %9 miles from the line of the St< comprise eight pertennencia JC for the richness of its mines %9 Conquest. Within a radius dfo have produced many million jf selling for $800 per share. 1 closer proximity to the Coroi enabled him to build the be* to work the properties for w %Jr which will be used solely for A If the Mines of ft public. To develop A than 20 shares, or i v or IKrcasc 'n prICe af For further infori A Agent, Box 341, Union, ) m ; sccoooocooo .UCA IV V W. I< Vice-Pres. Gen. W. R. ZUL1CH, ou JOHN R. M, N MINE C ^IAT T -W?< - - l i-lli h-KUHKK hot"h Itcforfetjuid after they wort' acnuin'd !>y the cointaifcy. These m'uyf Ait- .situated about two hours on fffttiroack from Zacualpun, i:j the Municipality >f Zacnalpan, in the district of Hultcpec, in the State of Mexico. The nearest railroad stations are Narunj . on the Mexican Central I$ailHroad, and Atla, which . is the terminus: | of the To]uea and Tcnango Hailroad, hoth of which are ahout a day and one-half riding from /aeiialpan. There is now grn^ activity in this district and a railn^pPhus Uen surveyed within a lie mines. TherefJW ~ oral small smelting planlsTii tin' district, ** hut with the present development larger custom smelters will, no donht. soon Ik; huilt. . Some of the mines in the district which arc shipping ores on hurros to the railroads and thence to the reduction works am paying handsome dividends hy virtue of the high grade ores. With reduction works on the grounds much of the low grade on- that, is now discarded an lie worked with handsome profits. I-ahor is cheap and wood and water are obtainable at the mine. The mines can In? develojK'd hy tunnel work, without the aid of pumps, hoists, or machinery. Then* are four well defined veins on the property, outcropping in the barranca within a distance of less than two hundred feet U'twcen the first and last veins, veins VaVy in width from a few inches to over a meter, the upper vein showing considerable work done hy the "anti<piaV All of these veins carry values, the best veins showing over a Kilo of silver ]>er ton. Samples selected from the lower vein show over 50 per eent. lead, as well as silver values. It was impossible to get any practical assay without Some development work, as assays which do not represent an average are of little practical value. In my judgment, all of these veins will unite in the hill making an immense ore-body, ami all the imlieations point to this. With a formation which has been highly productive in this region, with the veins exposed all showing good values in the sun, 1 consider these projM-rties as very promising and all the indications point to a valuable mine Itcing opened up, it the proper development v\ >rk is done. Then* are also strong indications that a contact vein l?ctwecn mpany is organized und lly paid and non-assess. iy is i\\r. W. K. Bellis, of Ind as. M. Schwab Syndicate) in C nd is now connected with seve lyor of Union, South Carolina, under the direction of experien< xico and its most valuable asse ate of Guerrero. It also owns a s, or about twenty acres. The , it being shown by Baron von of a few miles are many celebr is of dollars. The Carboncillo I ~he mines of the TOLUCA Minir nas properties. It was one of t iutiful cathedral at Taxco. It hat they contain and not for s| development purposes. this Company were d the mines a limited a fp* AA - - J - _-C ?-* p/.uu worm 01 stock, ' without notice. It is illation, write to Macbetl , S. C., or E. H. Scaife, Un ^*000000000 I 5ooooe5555 iining BBPPISi Presic Mgr. MAC ====DIREC'roRS== _ i ILFORD A. BE1TCH, A \TI II irS, U niJui, S. C.? iSp Controlled I t rttrii mJIVi-ru' ' porphyry and slate will In* found l>y proper development. From loss promising prosjH-rts in this region gyeat l>onanxas have Ihvh foiUid, uni|; in my judgment, the Toluca mines bid fair to ^how up equally as well if sufficient is done thereon. A cross-cut tun!r ^V|iel eh >uid '? driven from the foot of the tfwjHkwuitnhp so ;is t" cut the veins at the depth and at the probable point r<^??jniicte.re. i (Signed) /I. L. Sr.iin:. REFORT OF HON. MAjfelETH YOUNG Secretary %?nmnv5SiT May 24. I'.<07. To the Toluca Mining Company, Indianapolis, Ind. Cientletnen: / This is meant morel as a verification of the reports of Mr. 11. L. Seaife and Mr. H. Ij. Kisenhart than ilea rei?ort by myself. I accompanied ^lr. Seaife to Mexico lust Octolier Wei went by way of Toluca to Zacualpan and made our headquarters at the Corqpas mines, from which we made excursions into the surrounding territory. (We visited many mines of the Spanish age and many that are now being worked to great profit and wealth. mc he Tolui'a.mines are, in the immedi with the .same identical dtoffit formation and ores as are the Carhoncillo and Coronas mines, both producing fabulously rich ores, the bonanza of the district licing not only rich but producing ores in great quantity. On the part of the company, we have acquired the Toluca mines, comprising the ">C.\ IKK"' and the"T< mine, the former licing known in antigna times as the '"Vara." These mines were selected and acquired for the company after the inspection of many properties. We explored the ancient workings as far as we could and with pick and hammer in solid roek procured {samples of the formation and the ore in the rock, the ores, u|vin assay, showing high values. Tin* mines are splendidly located for milling, having sutlieimt water on the property for ordinary pi r poses and there is an abundance of tinier in the immediate neighborhood.-..^be projierties are splendidly favorable t\^ tunneling, as r thP laiV? nil Ari7nna ? vr?| i ? IC-Vllilf 1 able, the shares having i ianapolis, Ind., who was on hihuahua, Mexico. The vice-p ral prominent anfa successful m The directors o*' the company :ed fining men * The TOLUQA t is the "SCAIFE" mine in th< denouncement <nown as the above mining cairns are situai Humboldt that this district cor ated mines, among which ai >egan work about three years aj ig Company are dtuated less th he mines near Zi^ualpan which will be noted tint the company peculative purposes. A limited i t eveloped theie would I imountjjf stcfck will b< will be sold t<J any pers sold on the jbpresenta :c li Young, Secntary and T lion, S. C. 00000< iOOOO* i K . ? - . . M i ? - ) eeooeoeooo COMP lent. IBETH YOUNG, .. H. FOSTER, MACB eeial Agent. BY HOM roluca mini: tin* mountain, containing tlu? ore Ividies, rises more tiian .">i)0 feet above the level of the creek where the veins are exposed. The elevation is the same as the Coronas and Carlmncillo mines, approximately S.oVi feet ahov the sea level. The "T< >IAtnC\" is an ancient mine, the - "SCAI Fl"." also havingold Spanish works on it. When the old works are cleaned out and cleared and development work completed we have every assurance of finding a mine of sjreat wealth. The rock formation is of porphyry and slate, the bonanza formation of this famous mineralized zone. I cap add nothing ip the reports of. Measyar Vcaite and Elseni.nrt, tfXtvpt to vouch for the truthfulness of the same. (Signed) Macbeth Yocno. REPORT ON THE CORONAS MINES By Mr. Percy Andrus Babb, Consulting Engine* and for Fivo Years In Mexico En*'.near for tha Guggenheim Interests, 7 "Climatic and living. conditions of a more satisfactory na^ie probably cannot l?e encountered' Vithin the Republic. The altitude * higher than that of the Valley of j|exieo, and, tlierefore, the clinv** v6nse?piently is temperate ami ytfOahle. Foodstuffs, building materials, ,wood and excellent water ahomui. in WiiOVi *l'l CII '{^acualpan. The town is some tive kilo^*v meters from tlie mines and has a o<^)U. approximately H.000hc^8 Telesjraphitt ('{annum ieatjQj, js to he had either with Tohiea or Sultepec. An automobile road has l<een opened up from Toluea to Sultepec, and at this latter point an electric power plant furnishes power. "Zacualpan, as a mineral camp, dates hack to the time of the 'Conquistadores,' who discovered and worked several mineral lei lues, including those of the Coronas mine, and. aeeordinu to the old archives, reaped various bonanzas. Since this beginning all these early mines have been worked down to date, some eontin iioiisly and others spasmodically, and many new producers have l>een added within more recent years. "The district has yielded many millions of dollars and built I a rp' churches and extensive and costly waterworks. .vith a Capital Stock of - - ? 3 pai Vdiue OT ^)I.UU 63 e of the organizers of th resident is Mr. H. L. Scaife, c lining properties in iWexico. are all men of high character > Mining Compnny was orgar i Municipality of Zacualpan, rOLUCA" mine, adjoining th> ted in a district which has t itains the first mines worke re the Alacran, the Coronas 50 and now its shares, having an half a mile from the celebi 1 furnished La Borda a part is organized with a small caj: amount of stock will be offt be no occasion to offi i sold at 35 cents son. The stock is sti itions herein contain j reasurer, Union, S. C., J j ANY~~! 5* Sec. and Treas. V ? i vnt tmo w ?-/ ill * WVJiWJ, E PEOPLE. I NO COMPANY. X Today tlto district is liest known for the ** rich outjHit of Kl Alacran mine. one of the iir>t to Ih> opened in the section ; also, ^ the mines of Carboneillo, Guadalupe de JtL los Arcos, Guadalupe de los Reyes and Nan Fernando an* important and al! together fall within one group with Coronas. One or more of this group of properties may always !>c found in honan/a. Hoth Gtiadahi|H' de log Keyes and A Carboneillo are in bonan/.a at this report. and the latter property is being handled on the stock market at 10) j>or cent. above par. (Note?Since Mr. Babb's report w.iis written less than a year ago (lie Carboneifib stock Iki."1 advanced from $- "> to $H<)0 |R>r share.) 'Foreigners are taking up considerable ground in the district and reduction works are lieing remodelled and installed. M. There are numerous mills of various ages and include nearly all the older proerases of amalgamation, likixYijUviv 'and. com^jntrsttmn. JtL "The Coronas property lies in the same formation and bus the muiuu wiivnuuua as the ol?ler properties of Carhoncillo, Reyes, Arcoa, El Alacnn and San Fernando. The vein strucure is tlie same ML and the ore is identical. What has been done in any of these othr properties, it ML is to he expected rnaj be done to a ' greater or less extent in he Coronas.'' S ML vv mux Z' ^ From the pw-American M^iiina, Mexico City, fL * " " November. It)6. AL "Three centuries aty, the Kings of ML Spain, enriched by tin royalties from ^^F these mines, called Zucinlpan the 'Crow n J^L of Mines,' and Sultq>ec, the 'Silver Province,' and since tie fame of the distriet has never waned. I l.ong afterwards, jM ^ Hnmholdt told anew>the story in tier- * many to a younger generation. His taies were tributes of well merited truths, and then' followed a people strong in ML science, energy and resources, to build ^^F a mammoth industry commensurate with J^L tie' wealth they obtained in these niountains, so miserly hut so rich. Rut w hat would those piontvrs say could tliey wit- .Jt. _ ncss the marvels of progress being wrought today l?y the New World leadcrs. con<|Ucring captains of a greater CY achievement?" ML $250,000.00, which is * ie famous San Toy Mining Cr >f Union, S. C., who has had The secretary and treasurer and standing and the manlized to acquire and operate in the State of Mexico, a few jf e above property, all of which >een celebrated for centuries A d by the Spaniards after the jt and the Carboncillo, which r a par value of $25.00, are rated Carboncillo and even in jjF of his fabulous fortune and ntalization and it is intended 0% Ted for sale, the proceeds of JT ? er anv ctncb AI? " "per share. No^ess^ ^ Ibjcci to ed and no other. X 1 tohn R. lathis, Special X M 11 A *