Santa Rosa Gold Mining Company

3020. (North Adams, Mass.) Please give through your valuable paper all the information you can obtain regarding the worth and merit, in the light of an investment, of the Santa Rosa Gold Mining Co., of Colorado.

Ans.: This company issued a report, dated July 16, 1897, which stated:
"The Santa Rosa Gold Mining Co. is capitalized for 1,250,000 shares, par value $1 each.
President, R. P. Davie
vice-president, L. A. Keys
secretary and treasurer, F. H. Pettingell, 10 and 11 First National Bank Building, all of Colorado Springs, Colo.
Treasury stock, 2,500 shares
funds, $250
no debts of any kind whatsoever."

The company has about ten claims in different parts of the outer edge of the Cripple Creek gold producing district, in respect of some of which claims receivers' receipts have been obtained, and as to the others, such receipts are shortly expected.
No ore has as yet been produced, and there are no surface improvements of any consequence on any of the properties, but on several of the claims work, considerably in excess of the amount required by law, has been done.
About $4,000 has been spent on the properties, and the directors are at present considering the granting of several leases on some of the claims.
No salaries are paid to any one, and arrangements are now being made to sell a large block of the stock, which some of the large stockholders will contribute to the treasury, and the proceeds of which will be utilized in advancing development on one of the claims.

3462. (Boston, Mass.) What is the condition of the Santa Rosa Mining Company, of Cripple Creek, and is its mine being pushed towards a profitable basis?

Ans.: We are informed that the property of the Santa Rosa Mining Company is at present inactive, but the company expects to develop it through the medium of lessees, as soon as the patent work is completed. The capitalization of the company is $1,250,000, shares being of the par value of $1.

It is officered by R. P. Davie, president; L. A. Keys, vice-president; and F. H. Pettingell, secretary and treasurer.

The company's properties are eight in number and located in different localities, but all embraced in the Cripple Creek mining district. They own by United States patent;

the Santa Rosa claim, located east of the Victor mine, embracing an acreage of 6,575;

the Lulu S. claim, located a short distance east of the famous Independence mine of Cripple Creek, and embracing 5.46 acres;

also owns, by United States land office receivers' receipt (which practically means patent);

the Mary Brown and Louis Beck No. 1 lodes, containing 14.151 acres, located a short distance south of the town of Victor;

also the Belle City lode, located on Guyot Hill, in the Cripple Creek district. This claim includes 1,490 acres and the company has an agreement for a portion of the Robert H. claim, which will increase the area of the property.

The company also owns, by United States Land Office receivers' receipt, the Deer Trail and Louis Beck No. 2 lodes, containing an acreage of 19,922, making a total acreage which the company is assured of something in excess of 47 acres of promising territory.

The company is now re-surveying for United States patent, the Hillside claim, located east of the Victor mine. This will add materially to its possessions, the amount of acreage to be secured through this medium.