On the showing, which the development
made, together with the Annual Report of the adjacent Granite Mountain
Mining Company, young Harris hoped to form a syndicate and profitably
work his mines.
The facts in the report which Alfonso emphasized, were that the Granite
Mining Co. had paid dividends as follows:
Twelve dividends ending
July 31st, 1889 $1,900,000
Total of fifty-five dividends,
an aggregate of, $6,700,000
In eight years these mines
had produced and sold
of pure silver 10,989,858 ozs.
Of pure gold 6,521 ozs.
Realizing a gross sum $10,988,800
Total gross expenditures $ 4,092,512
Alfonso felt free to use the facts of the Granite Reports, as his
property was supposed to be a continuation of the same lode or metallic
vein. His syndicate was finally organized, and with the money thus made
available, all possible work was done for the next twelve months, on
shaft, levels, cross-cuts, drifts, winzes, and raises. For two long years
he pursued underground promising indications of wealth, which like the
will-with-the-wisp evaded him, until every prospect of silver and gold in
the "Hidden Treasure," and "Monte Christo" disappeared, and the mines
were abandoned.
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