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Glen-Woody Mining and Milling Co. - Stock Certificate

Inv# MS1233   Stock
Glen-Woody Mining and Milling Co. - Stock Certificate
State(s): New Mexico
Years: 1902-03
Rare State! CieneguiUa (Glen-Woody) District- Nowhere in the southwest is such an enormous body of quartz and quartzite to be seen as at the Glen- Woody camp in the CieneguiUa mining district. This camp was established in the summer of 11102, by W. M. Wood3% who represents the Glen -Woody Mining and Milling Company. Mr. Woody, before going to Alaska at the time of the Klon- dike gold discovery, operated placer mines on the Rio Grande, one half mile below^ the present camp; this was the time when his attention w^as first drawn to the immense body of quartzite. These placers were in the gravel bed of the river; but w^ere not successful financially, owing to interference of mal pats boulders lying in the bed of the stream. It was at this time that attention was attracted by the enormous quartz deposits w4iich w^ere exposed along the stream. Glen-Woody camp is w^here latitude 36-^ 20' North, crosses the Rio Grande, in Taos county. The townsite is on the west side of the river, while the mill and ore body is on the opposite or east side. The bridge at this point was built on some of the old piers NEW MEXICO MINES AND MINERALS. 159 of a government bridge which was burned by the Apache Indians during their hostilities in the latter seventies; the bridge was never rebuilt by the government. An experimental plant of 50 tons capacity, consisting of a a 5-foot Huntington mill, with cyanide tanks has recently been completed. The machinery is run by water power; the water being conducted by a flume out of the river about one mile above the mill. The power is developed by a 160 H. P. turbine wheel. This power is ample to run several more Hunting- ton's should the experimental runs be a success. The Glen-Woody ore may, generally speaking, be classed as quartzite; although stringers and veins of quartz run through the deposit at numerous places. These quartz veins and stringers sometimes attain a width of several feet. The width of the main lode itself is approximately 600 feet; and rises to an average height above the river of 300 feet. The Company has three full claims, making 4,500 feet along the lode. Approximately, there are 50,000,000 tons of ore above the river which may be considered in sight. The length of this enormous lode cannot well be ascertained, since it crosses the river about half a mile below the bridge where it is covered by the mesa lava, and in following up stream the river deflects to the left gradually leaving the lode more than a thousand feet at the easterly end of the Glen-Woody prop- erty. It is quite probable that the lode is four miles long; the northeasterly end disappearing under detritus at the top of the hill. From a survey made by the writer of the property in No- vember, 1903, the strike of the lode was found to be N. 60^ 22' E. and the dip about 80^ to the southeast. A much sheared quartzite lies on the foot wall next to the river, and a similar quartzite is on the hanging wall though of a lighter color. The exact age of this formation has not been determined; though it probably is Cambrian. The general appearance of the main lode is of a reddish tint; although some of the best grade of ore is a granular white quartz. The only question concerning this property as a merited mining proposition, so far as the writer is able «5 ^ ^ ^: "X" Xx ^-^ V- vX \/ ^ 'f^ «snwrRead More

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A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
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