Hide Article Text (OCR)
MAY TAKE OVER ORGAN PROPERTIESWhat will bo tin? highest mining doa] ever handled In the suut Invest, and the greatest enterprise In the his-tor)' of New Mexico, Is in prospect for the Organ Mining district.Contracts have been drawn whereby the American Smelling Refining company may become fJie owners or I he entire group of mining claims known as the Torpedo, the Stephen-son- Bennett'and the JiYanklln, Aggro tinting uuc- thousand acres of the most valuable mining lands of I he district, and extending from the main street or Uie town of Organ to Baylor eon-yon, In the liesil of the Organs.Stockholders of the Organ Mountain Mining and Milling company, invnlug the SiophonRori-ttennctt. properly willbo asked to approve a contract for the sale or lease of tin; p rope rtf oh, Ijj accordance with the following terms:complete the pit re hn He. The Bonne it-SifsphenKou properLy will bo placed at ?5i)b(000, the Torpedo at J-lOQ.OOO, and the oilier properties at about $lf)D,000. The development of I he properties as a large corporation would probably develop them would eninll the expenditure of hundreds or thousands of dollars additional, and would mean tlm employ men L of hundreds u! miners ftnd workmen. There fa no doubt. ** to the worth and. ex to in of the or*s bodies of the Organ Mountain mining district. They have yielded profitable orea for the past half century, but have never been developed on a largo scale. imd hi no section have they been systuhmlimilly worked. Lack of capital, and lack of harmony in the organizations of ihc various companies which have owned the properties have
Newspaper Details
Rio Grande Republic
Las Cruces, New Mexico, US
Fri, Mar 19, 1915
Page 3
Full Page
Clipped by
New M.
NM, USA 08 Jan 2023
Other Publications Near Las Cruces, New Mexico
Las Cruces Daily News
Rio Grande Republican
Thirty Four
Rio Grande Farmer
Mesilla Valley Democrat
