Show FIRST MINE OF guggenheims STILL PRODUCING STEADILY cars loaded with ore the value of which are reported to range from to 1000 a car are bein being 3 steadily shipped from a forty two year old mine that the guggenheims can point to as the source of the vast wealth that is behind the american smelting smelling Sm elting refining company the old A Y and minnis minnia properties in lower california gulch is the exception that proves the rule that the average life of a mine is twenty years says a colorado exchange A stirring romance of the mining industry in colorado connected is with this mine that for more than a third of a century has been a steady producer millions have been hoisted out of the shaft and time battered apparatus of the property that came in during the early days of the feverish gold rush to the great camp hat is now known as leadville how long the treasure box will continue to yield no man can say but there is no diminution of tle previous flow bought by guggenheim in the autumn of 1878 A Y carmen located the A Y and minnie mine late the following spring A graham of philadelphia arrived in the camp and was off offered ered an option on the mine for he at once took the option and wired meyer guggenheim of philadelphia who was associated with him to forward his check for 2500 which guggenheim gen heini did the deal was closed and carmen got his money the new owners lost no time in starting the development of the property with the late charles L hill as manager in less than five years the mine paid a little better ban with his share of the profits guggenheim laid the foundation of the present day guggenheim fortune which enabled his ais sons to hold the controlling interest in feic american smelting smelling Sm elting refining company productive forty years for forty years the property has been a steady producer and during development work large pockets of native silver were opened the metal being in the wire form it is still a steady producer being under lease to local men one of the leases is known as the bartlett and the other the L and al lease both leases are being worked above the water level the ore hoisted from both is silver lead with the bartlett lease shipping in the neighborhood of tons weekly the values running from to 1000 per carf the value of the ore from the L and M lease is not quite so high but the tonnage is heavier and the leasers leaders state the output can be doubled if they can obtain men |