OCR Text |
Show 1 MINING EXPERT RETIRES ' ' I "1 Jdhn Hayes Hammond, tho noted mining en- ' s5tr. glncor, haB severed his connection with Uio Gug Sf-SS gonhclm Exploration company and tho Balary ol S Mb tSEO.OOO-attached to his posltloiins consulting en I vffljkfy gtnoer. Hammond has been In poor health and hit wtfm 55T S) nrst nsslfitnnt, A. Chester Ilcatty, hns done most i IrMfw Ifl 01 worlc Blnc Mr- Hammond went west bov- ' r cral months ago. Mr. Ilcatty Is tho likely sue- i , . cessor to Mr. Hammond. Tho latter was operated ' on or ni'l'cndlcitls a few days ago ;( John Hayes Hammond was born In Snn Fran-: Fran-: yeVN" x'"'.i?yV' cIsco 53 years ngo. Ho,JIs a graduato of tho Shef- 1 flcltl Sc,cn"n5 school of Yale. ' ' I SslsSfJC Tt Mr. Hammond is ono of tho greatest mining N 1 exports In tho world. Often ho has taken as fees for reporting on clnlms shares In now companies, and always they have turned out valuable. Hammond becaino nn International figure when ho went with Cecil Rhodes to tho Transvaal and Rhodesia. When first engaged his salary wns $G,000 n month and in less than a year ho was getting $100,000 a year. Ho bo-camo bo-camo consulting engineer to tho Consolidated Goldflolds of South Africa, in- eluding most of tho richest properties In South Afrlcn. Hammond was ono of tho leaders In tho proposed rush on Johannesburg, but Jameson, Impatient nt delay, mado his raid with Hammond and others still on tho evening's camp. They wero sentenced to death. Knglnnd Interfered Inter-fered and on payment of $125,000 fines wero freed. Hammond camo to Amorlca nnd In less than a year was making $20,000 n month. In later days his work has been principally dono In his office, acting on the reports of his assistants, somo of tho smartest mining men in tho country. |