The American Consolidated Mines Company (1903)
Author: Unknown
Date: 2019-11-15T00:00:00+00:00
Keywords: Prospectuses; American Consolidated Mines Company; Mines and mineral resources -- New Mexico -- Taos County

The Project Gutenberg eBook of The American Consolidated Mines Company (1903)

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 will have to check the laws of the country where you are located before using this eBook.

Title: The American Consolidated Mines Company (1903)

Creator: American Consolidated Mines Company

Release date: November 15, 2019 [eBook #60691]
Most recently updated: October 17, 2024

Language: English

Credits: Produced by Stephen Hutcheson, Lisa Corcoran and the Online
Distributed Proofreading Team at http://www.pgdp.net

*** START OF THE PROJECT GUTENBERG EBOOK THE AMERICAN CONSOLIDATED MINES COMPANY (1903) ***

The
American
Consolidated
Mines
Company
Illustrated

MINES IN THE
Rio Hondo District,
Taos Co., New Mexico

1

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.

2

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.

3

Concentrating Plant and Smelter—1¼ Miles from the “American.”

4

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.

5

View of Twining, New Mexico—1¼ Miles from the “American” Mines. Showing the Fraser Mine and Reduction Plant.

6

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.

7

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.

8

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 per ton | 240 00
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

9

The American’s Main Tunnel in Winter.
Showing Monster Outcropping of Ore at the “American” Property.

10

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.

11

SKETCH MAP
PART OF THE RIO HONDO DISTRICT
TAOS COUNTY
NEW MEXICO.
MAP NOT DRAWN TO SCALE

12

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 stock) | 7,940 09
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.

13

A Street in Twining, New Mexico.
Views of Mountains in the Rio Hondo District.

14

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.)

15

Hunting in the Rio Hondo District.
“Jack” and His Bear.

16

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.

17

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.

18

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.

19

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.

20

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.

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 THE AMERICAN CONSOLIDATED MINES COMPANY (1903) ***

Updated editions will replace the previous one—the old editions will be renamed.

Creating the works from print editions not protected by U.S. copyright law means that no one owns a United States copyright in these works, so the Foundation (and you!) can copy and distribute it in the United States without permission and without paying copyright royalties. Special rules, set forth in the General Terms of Use part of this license, apply to copying and distributing Project Gutenberg™ electronic works to protect the PROJECT GUTENBERG™ concept and trademark. Project Gutenberg is a registered trademark, and may not be used if you charge for an eBook, except by following the terms of the trademark license, including paying royalties for use of the Project Gutenberg trademark. If you do not charge anything for copies of this eBook, complying with the trademark license is very easy. You may use this eBook for nearly any purpose such as creation of derivative works, reports, performances and research. Project Gutenberg eBooks may be modified and printed and given away—you may do practically ANYTHING in the United States with eBooks not protected by U.S. copyright law. Redistribution is subject to the trademark license, especially commercial redistribution.

START: FULL LICENSE

THE FULL PROJECT GUTENBERG LICENSE

PLEASE READ THIS BEFORE YOU DISTRIBUTE OR USE THIS WORK

To protect the Project Gutenberg™ mission of promoting the free distribution of electronic works, by using or distributing this work (or any other work associated in any way with the phrase “Project Gutenberg”), you agree to comply with all the terms of the Full Project Gutenberg™ License available with this file or online at www.gutenberg.org/license.

Section 1. General Terms of Use and Redistributing Project Gutenberg™ electronic works

1.A. By reading or using any part of this Project Gutenberg™ electronic work, you indicate that you have read, understand, agree to and accept all the terms of this license and intellectual property (trademark/copyright) agreement. If you do not agree to abide by all the terms of this agreement, you must cease using and return or destroy all copies of Project Gutenberg™ electronic works in your possession. If you paid a fee for obtaining a copy of or access to a Project Gutenberg™ electronic work and you do not agree to be bound by the terms of this agreement, you may obtain a refund from the person or entity to whom you paid the fee as set forth in paragraph 1.E.8.

1.B. “Project Gutenberg” is a registered trademark. It may only be used on or associated in any way with an electronic work by people who agree to be bound by the terms of this agreement. There are a few things that you can do with most Project Gutenberg™ electronic works even without complying with the full terms of this agreement. See paragraph 1.C below. There are a lot of things you can do with Project Gutenberg™ electronic works if you follow the terms of this agreement and help preserve free future access to Project Gutenberg™ electronic works. See paragraph 1.E below.

1.C. The Project Gutenberg Literary Archive Foundation (“the Foundation” or PGLAF), owns a compilation copyright in the collection of Project Gutenberg™ electronic works. Nearly all the individual works in the collection are in the public domain in the United States. If an individual work is unprotected by copyright law in the United States and you are located in the United States, we do not claim a right to prevent you from copying, distributing, performing, displaying or creating derivative works based on the work as long as all references to Project Gutenberg are removed. Of course, we hope that you will support the Project Gutenberg™ mission of promoting free access to electronic works by freely sharing Project Gutenberg™ works in compliance with the terms of this agreement for keeping the Project Gutenberg™ name associated with the work. You can easily comply with the terms of this agreement by keeping this work in the same format with its attached full Project Gutenberg™ License when you share it without charge with others.

1.D. The copyright laws of the place where you are located also govern what you can do with this work. Copyright laws in most countries are in a constant state of change. If you are outside the United States, check the laws of your country in addition to the terms of this agreement before downloading, copying, displaying, performing, distributing or creating derivative works based on this work or any other Project Gutenberg™ work. The Foundation makes no representations concerning the copyright status of any work in any country other than the United States.

1.E. Unless you have removed all references to Project Gutenberg:

1.E.1. The following sentence, with active links to, or other immediate access to, the full Project Gutenberg™ License must appear prominently whenever any copy of a Project Gutenberg™ work (any work on which the phrase “Project Gutenberg” appears, or with which the phrase “Project Gutenberg” is associated) is accessed, displayed, performed, viewed, copied or distributed:

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 will have to check the laws of the country where you are located before using this eBook.

1.E.2. If an individual Project Gutenberg™ electronic work is derived from texts not protected by U.S. copyright law (does not contain a notice indicating that it is posted with permission of the copyright holder), the work can be copied and distributed to anyone in the United States without paying any fees or charges. If you are redistributing or providing access to a work with the phrase “Project Gutenberg” associated with or appearing on the work, you must comply either with the requirements of paragraphs 1.E.1 through 1.E.7 or obtain permission for the use of the work and the Project Gutenberg™ trademark as set forth in paragraphs 1.E.8 or 1.E.9.

1.E.3. If an individual Project Gutenberg™ electronic work is posted with the permission of the copyright holder, your use and distribution must comply with both paragraphs 1.E.1 through 1.E.7 and any additional terms imposed by the copyright holder. Additional terms will be linked to the Project Gutenberg™ License for all works posted with the permission of the copyright holder found at the beginning of this work.

1.E.4. Do not unlink or detach or remove the full Project Gutenberg™ License terms from this work, or any files containing a part of this work or any other work associated with Project Gutenberg™.

1.E.5. Do not copy, display, perform, distribute or redistribute this electronic work, or any part of this electronic work, without prominently displaying the sentence set forth in paragraph 1.E.1 with active links or immediate access to the full terms of the Project Gutenberg™ License.

1.E.6. You may convert to and distribute this work in any binary, compressed, marked up, nonproprietary or proprietary form, including any word processing or hypertext form. However, if you provide access to or distribute copies of a Project Gutenberg™ work in a format other than “Plain Vanilla ASCII” or other format used in the official version posted on the official Project Gutenberg™ website (www.gutenberg.org), you must, at no additional cost, fee or expense to the user, provide a copy, a means of exporting a copy, or a means of obtaining a copy upon request, of the work in its original “Plain Vanilla ASCII” or other form. Any alternate format must include the full Project Gutenberg™ License as specified in paragraph 1.E.1.

1.E.7. Do not charge a fee for access to, viewing, displaying, performing, copying or distributing any Project Gutenberg™ works unless you comply with paragraph 1.E.8 or 1.E.9.

1.E.8. You may charge a reasonable fee for copies of or providing access to or distributing Project Gutenberg™ electronic works provided that:

- • You pay a royalty fee of 20% of the gross profits you derive from the use of Project Gutenberg™ works calculated using the method you already use to calculate your applicable taxes. The fee is owed to the owner of the Project Gutenberg™ trademark, but he has agreed to donate royalties under this paragraph to the Project Gutenberg Literary Archive Foundation. Royalty payments must be paid within 60 days following each date on which you prepare (or are legally required to prepare) your periodic tax returns. Royalty payments should be clearly marked as such and sent to the Project Gutenberg Literary Archive Foundation at the address specified in Section 4, “Information about donations to the Project Gutenberg Literary Archive Foundation.”

- • You provide a full refund of any money paid by a user who notifies you in writing (or by e-mail) within 30 days of receipt that s/he does not agree to the terms of the full Project Gutenberg™ License. You must require such a user to return or destroy all copies of the works possessed in a physical medium and discontinue all use of and all access to other copies of Project Gutenberg™ works.

- • You provide, in accordance with paragraph 1.F.3, a full refund of any money paid for a work or a replacement copy, if a defect in the electronic work is discovered and reported to you within 90 days of receipt of the work.

- • You comply with all other terms of this agreement for free distribution of Project Gutenberg™ works.

1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™ electronic work or group of works on different terms than are set forth in this agreement, you must obtain permission in writing from the Project Gutenberg Literary Archive Foundation, the manager of the Project Gutenberg™ trademark. Contact the Foundation as set forth in Section 3 below.

1.F.

1.F.1. Project Gutenberg volunteers and employees expend considerable effort to identify, do copyright research on, transcribe and proofread works not protected by U.S. copyright law in creating the Project Gutenberg™ collection. Despite these efforts, Project Gutenberg™ electronic works, and the medium on which they may be stored, may contain “Defects,” such as, but not limited to, incomplete, inaccurate or corrupt data, transcription errors, a copyright or other intellectual property infringement, a defective or damaged disk or other medium, a computer virus, or computer codes that damage or cannot be read by your equipment.

1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except for the “Right of Replacement or Refund” described in paragraph 1.F.3, the Project Gutenberg Literary Archive Foundation, the owner of the Project Gutenberg™ trademark, and any other party distributing a Project Gutenberg™ electronic work under this agreement, disclaim all liability to you for damages, costs and expenses, including legal fees. YOU AGREE THAT YOU HAVE NO REMEDIES FOR NEGLIGENCE, STRICT LIABILITY, BREACH OF WARRANTY OR BREACH OF CONTRACT EXCEPT THOSE PROVIDED IN PARAGRAPH 1.F.3. YOU AGREE THAT THE FOUNDATION, THE TRADEMARK OWNER, AND ANY DISTRIBUTOR UNDER THIS AGREEMENT WILL NOT BE LIABLE TO YOU FOR ACTUAL, DIRECT, INDIRECT, CONSEQUENTIAL, PUNITIVE OR INCIDENTAL DAMAGES EVEN IF YOU GIVE NOTICE OF THE POSSIBILITY OF SUCH DAMAGE.

1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you discover a defect in this electronic work within 90 days of receiving it, you can receive a refund of the money (if any) you paid for it by sending a written explanation to the person you received the work from. If you received the work on a physical medium, you must return the medium with your written explanation. The person or entity that provided you with the defective work may elect to provide a replacement copy in lieu of a refund. If you received the work electronically, the person or entity providing it to you may choose to give you a second opportunity to receive the work electronically in lieu of a refund. If the second copy is also defective, you may demand a refund in writing without further opportunities to fix the problem.

1.F.4. Except for the limited right of replacement or refund set forth in paragraph 1.F.3, this work is provided to you ‘AS-IS’, WITH NO OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PURPOSE.

1.F.5. Some states do not allow disclaimers of certain implied warranties or the exclusion or limitation of certain types of damages. If any disclaimer or limitation set forth in this agreement violates the law of the state applicable to this agreement, the agreement shall be interpreted to make the maximum disclaimer or limitation permitted by the applicable state law. The invalidity or unenforceability of any provision of this agreement shall not void the remaining provisions.

1.F.6. INDEMNITY - You agree to indemnify and hold the Foundation, the trademark owner, any agent or employee of the Foundation, anyone providing copies of Project Gutenberg™ electronic works in accordance with this agreement, and any volunteers associated with the production, promotion and distribution of Project Gutenberg™ electronic works, harmless from all liability, costs and expenses, including legal fees, that arise directly or indirectly from any of the following which you do or cause to occur: (a) distribution of this or any Project Gutenberg™ work, (b) alteration, modification, or additions or deletions to any Project Gutenberg™ work, and (c) any Defect you cause.

Section 2. Information about the Mission of Project Gutenberg™

Project Gutenberg™ is synonymous with the free distribution of electronic works in formats readable by the widest variety of computers including obsolete, old, middle-aged and new computers. It exists because of the efforts of hundreds of volunteers and donations from people in all walks of life.

Volunteers and financial support to provide volunteers with the assistance they need are critical to reaching Project Gutenberg™’s goals and ensuring that the Project Gutenberg™ collection will remain freely available for generations to come. In 2001, the Project Gutenberg Literary Archive Foundation was created to provide a secure and permanent future for Project Gutenberg™ and future generations. To learn more about the Project Gutenberg Literary Archive Foundation and how your efforts and donations can help, see Sections 3 and 4 and the Foundation information page at www.gutenberg.org.

Section 3. Information about the Project Gutenberg Literary Archive Foundation

The Project Gutenberg Literary Archive Foundation is a non-profit 501(c)(3) educational corporation organized under the laws of the state of Mississippi and granted tax exempt status by the Internal Revenue Service. The Foundation’s EIN or federal tax identification number is 64-6221541. Contributions to the Project Gutenberg Literary Archive Foundation are tax deductible to the full extent permitted by U.S. federal laws and your state’s laws.

The Foundation’s business office is located at 809 North 1500 West, Salt Lake City, UT 84116, (801) 596-1887. Email contact links and up to date contact information can be found at the Foundation’s website and official page at www.gutenberg.org/contact

Section 4. Information about Donations to the Project Gutenberg Literary Archive Foundation

Project Gutenberg™ depends upon and cannot survive without widespread public support and donations to carry out its mission of increasing the number of public domain and licensed works that can be freely distributed in machine-readable form accessible by the widest array of equipment including outdated equipment. Many small donations ($1 to $5,000) are particularly important to maintaining tax exempt status with the IRS.

The Foundation is committed to complying with the laws regulating charities and charitable donations in all 50 states of the United States. Compliance requirements are not uniform and it takes a considerable effort, much paperwork and many fees to meet and keep up with these requirements. We do not solicit donations in locations where we have not received written confirmation of compliance. To SEND DONATIONS or determine the status of compliance for any particular state visit www.gutenberg.org/donate.

While we cannot and do not solicit contributions from states where we have not met the solicitation requirements, we know of no prohibition against accepting unsolicited donations from donors in such states who approach us with offers to donate.

International donations are gratefully accepted, but we cannot make any statements concerning tax treatment of donations received from outside the United States. U.S. laws alone swamp our small staff.

Please check the Project Gutenberg web pages for current donation methods and addresses. Donations are accepted in a number of other ways including checks, online payments and credit card donations. To donate, please visit: www.gutenberg.org/donate.

Section 5. General Information About Project Gutenberg™ electronic works

Professor Michael S. Hart was the originator of the Project Gutenberg™ concept of a library of electronic works that could be freely shared with anyone. For forty years, he produced and distributed Project Gutenberg™ eBooks with only a loose network of volunteer support.

Project Gutenberg™ eBooks are often created from several printed editions, all of which are confirmed as not protected by copyright in the U.S. unless a copyright notice is included. Thus, we do not necessarily keep eBooks in compliance with any particular paper edition.

Most people start at our website which has the main PG search facility: www.gutenberg.org.

This website includes information about Project Gutenberg™, including how to make donations to the Project Gutenberg Literary Archive Foundation, how to help produce our new eBooks, and how to subscribe to our email newsletter to hear about new eBooks.

Table of Contents

- The American Consolidated Mines Company Illustrated

- Introductory.

- Description.

- Veins and Development.

- Present Conditions.

- The District in General.

- Statement of Treasury of the American Consolidated Mines Co.

- Policy of Management.

- Taos County.

- What Stockholders Say Who Have Visited the Rio Hondo District.

- Other References.

- The New York Herald Says:

- Transcriber’s Notes

- THE FULL PROJECT GUTENBERG LICENSE