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Commercial
September 5, 1899
New York Tribune
New York, New York County, New York
What is this article about?
Thomas A. Edison's representatives purchased the Ortiz land grant in New Mexico from the New-Mexico Mining Company for $1,000,000. The property features vast low-grade ores and gold placer beds, which Edison plans to process using a new method. Deal concluded Sept. 4 in Santa Fe.
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OCR Quality
95%
Excellent
Full Text
EDISON BUYS NEW-MEXICO MINES.
Santa Fe, N. M., Sept. 4 (Special).—A mine deal was concluded to-day by which the Ortiz land grant passed into the hands of representatives of Thomas A. Edison. The grant of several thousand acres was owned by the New-Mexico Mining Company; the consideration is said to be $1,000,000. S. G. Burn of New-York, who represented Edison and his associates, has been in the grant several times making a thorough inspection of it and is thoroughly acquainted with the ore. Edison has a new process to treat the vast bodies of low grade ores and gold placer beds on the property successfully.
Santa Fe, N. M., Sept. 4 (Special).—A mine deal was concluded to-day by which the Ortiz land grant passed into the hands of representatives of Thomas A. Edison. The grant of several thousand acres was owned by the New-Mexico Mining Company; the consideration is said to be $1,000,000. S. G. Burn of New-York, who represented Edison and his associates, has been in the grant several times making a thorough inspection of it and is thoroughly acquainted with the ore. Edison has a new process to treat the vast bodies of low grade ores and gold placer beds on the property successfully.
What sub-type of article is it?
Resource Discovery
What keywords are associated?
Edison Mine Purchase
Ortiz Land Grant
New Mexico Mining
Low Grade Ores
Gold Placers
What entities or persons were involved?
Thomas A. Edison
S. G. Burn
New Mexico Mining Company
Where did it happen?
Ortiz Land Grant, New Mexico
Commercial Details
Location
Ortiz Land Grant, New Mexico
Event Date
Sept. 4
Commodities
Low Grade Ores
Gold Placer Beds
Key Figures
Thomas A. Edison
S. G. Burn
New Mexico Mining Company
Notable Details
Consideration $1,000,000
Edison's New Process To Treat Ores