The Mexican mining journal . th malacates, becomes at this point in-teresting. The English company, at the commencement,had easily effected with two small engines, and at acost of $30,000 what the Conde de Regla had beenobliged to relinquish in 1801, 28 malacates, and at anannual cost of $250,000; but with the increased depthand greater volume of water, three pumping-enginesand expending $90,000 were barely able to maintainthe drainage, while to replace them would have re-quired at least 180 malacates, employing 7000 horseswith upwards of 2000 men, and an expenditure of notless than $2,000,000
The Mexican mining journal . th malacates, becomes at this point in-teresting. The English company, at the commencement,had easily effected with two small engines, and at acost of $30,000 what the Conde de Regla had beenobliged to relinquish in 1801, 28 malacates, and at anannual cost of $250,000; but with the increased depthand greater volume of water, three pumping-enginesand expending $90,000 were barely able to maintainthe drainage, while to replace them would have re-quired at least 180 malacates, employing 7000 horseswith upwards of 2000 men, and an expenditure of notless than $2,000,000 per annum. With this increased difficulty of drainage, the richbodies of. ore all worked out, and a debt of $5,000,000,it is not surprising that the energy and per3everenceof the English investors were at last the middle of the year 1848, Don Manuel Es-candon and Don Nicanor Béistegui were included byMr. Buchan, the manager of the mines, under the ori-ginal Real del Monte Co., to take up the enterprise on. Guerrero Mill of Real del Monte Co. terms which, although not returning to the Englishinvestors much on their capital, at least relieved themof all further responsibilily. The new company wasformed as a leasing company, and organized underthe old laws of Mexico, which allowed the avio formof contracts in which they were allowed 3 percentupon all the expenditures made upon the individualmines to cover the cost of administration and gen-eral expense. At the same time all and every expenseincurred in the development, operation and equipmentof the property, was charged against it. More Extensive Operation. After having carefully examined the condition ofthe enterprise, Mr. Buchan came to the conclusion,and so reported to the company, that the propertieshad hitherto been worked on too limited a scale, andwith too expensive a management, and particularlywithout any effective attempt to render the lowergrade and more abundant ores available for treatment,or to ma
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectminesandmineralresou
