It was not until 1883 that outside capital was sought. Then began a period of expansion with up-to-date equipment. Trolius Stephens and Nathaniel Bell interested a group of Californians and with them formed the Pinos Altos Mining Co., which was known locally as “Bell and Stephens”. The company acquired many of the mines, did development work and had them patented. The old Place and Johnson mill was repaired, increased to 15 stamp capacity with a first class concentrator, installed scales and built a tramway to the top of the mill where ore was dumped into bins and fed to the stamps. The camp not only hummed with activity but it pulsated with the steady pounding of the stamps. Every independent operator and lesser companies went to work with fresh enthusiasm from the 101 mill at the foot of the Big Hill to the Atlantic, from the Mountain Key to the Mammoth, from the Gopher to the old Skillicorn mill. If a necessary shutdown occurred at night the silence awakened all sleepers in the neighborhood.
Mr. George Hearst, who had cattle interests in the Southwest, heard of the mines and sent a young mining engineer, Benjamin B. Thayer, to investigate. He made a thorough examination and survey of all property and recommended the purchase as a good investment. Mr. Hearst died about this time and it was feared a sale would not be made. It was in May, 1896, that Mr. Bell took the result of one run of the mill into Silver City and displayed eight gold bricks in a pyramid a foot high, weighing 109½ pounds troy weight, and valued at $20,367.00. It was good advertising. Bell and Stephens wanted to sell and the Hearst heirs were interested. On August 10, 1897, the papers were signed transferring most of the Pinos Altos mining district and property within the town to Mrs. Phoebe Hearst, who signed for the Hearst interests.
The new company concentrated on the Pacific Group, but other mines were worked also—the Ohio, Mogul, Mina Grande. A smelter was built below Silver City to treat the ores, hauled there in mule drawn wagons. Articles of incorporation for a narrow gauge railroad, linking Silver City, Pinos Altos and Mogollon had been filed as early as 1889 and some preliminary surveys and grading done, then the venture was dropped. The Hearst Interests realized the advantage of such a road and began preparations to build a road connecting smelter and mines. A boarding and rooming house managed by Mr. and Mrs. Charles Fox, was built on the flat below the mines to accommodate the workers on the railroad as well as many miners who daily walked or rode over the mountain to their work. Many cabins were built around the boarding house and it became quite a settlement. To get a supply of water the company bought a ranch at the cienega above Fort Bayard and piped the water from there to a reservoir at the foot of Rocky Point, then it was pumped to another in the gap between Baldback (where the police radio station is now), and the Pinos Altos Mountains. From there the water flowed by gravity to the mines and to the camp just below. When the government enlarged the Fort Bayard Reservation all the watershed was included and ranchers had to relinquish their water rights and sell.
The Hearst Company sold to the Comanche Mining and Smelting Co. in February, 1906. The Comanche continued work at the mines and built the long-talked-of narrow gauge. The smelter was the Silver City terminal and from there the road wound for 23 miles around hills, across bridges and up steep grades, rising about 3,000 feet to the crest. Machinery and supplies were hauled to the mines and ore taken to the smelter. James Roberts was the engineer. As an attraction at a Fourth of July celebration in Silver City an excursion over the road was featured. The ore cars were filled with merry makers who were truly thrilled by the ride. A short time later a party of inspectors visited the mines, coming up on the train. Going back to Silver City the brakes failed on a steep grade. The loaded train hurtled down the mountain, failed to make a bridge on a curve, and piled up in a gulch. One man was killed and Mr. Roberts was seriously injured. Thereafter only the crew was allowed to ride. The road was extended from the mines into town. The Keptwoman was to be the station. All work was completed but the bridge across Bear Creek. The panic of 1907 caused a slump and the Comanche became bankrupt. The locomotives and the ore cars were salvaged and the rest of the narrow gauge was sold as junk.
The Mammoth property was leased in the early 1900’s to a Connecticut concern. A great deal of money was spent for which there was little return. However, the Waterburys did enliven the town. Besides repairing and enlarging the mill, digging wells along Bear Creek and installing pumps, and constructing a large reservoir, the old adobe house was enlarged, a screen porch added and used as a living room, and water piped into the house for Mr. and Mrs. Lawrence Waterbury, their associates and guests. Mrs. Waterbury and her sister, Miss Hall, were close relatives of Mrs. Eleanor Roosevelt, but Pinos Altos was unaware of Mrs. Roosevelt in those days. Lawrence Waterbury was in charge of the property and tried to get as much satisfaction and pleasure out of his duties as he did from his polo playing back home. He brought the first automobile into Grant County and whenever he chugged into a town a crowd surrounded him and the car. In those days men wore long linen dusters and goggles when motoring and the women covered their large hats with fluttering chiffon veils. Mrs. Waterbury and Miss Hall did not hide their beautiful clothes under unbecoming dusters, for which the women of the town were grateful. Even little girls copied the dresses for their dolls. Although the activity at the Mammoth was of short duration the Waterburys left a strong imprint on the people of the town. They began to screen the porches and to figure out means of piping water into the homes. The women were more fashion conscious and the men began to save for an automobile.
The Comanche was succeeded by the Savannah Copper Company and there was another spurt of activity. Many of the mines were leased to individuals and the company worked only the Pacific and Hearst groups. Corrigan, McKinney Company of Cleveland with mining interests in Mexico wanted sulphides as a flux for the ores there. They leased the Hearst and employed many men. Jimmy Corrigan was technically in charge but he was too much of a playboy to take his work seriously. He delighted the boys by buying baseball equipment and playing ball with them, often in the street, and if a ball went through a window Jimmy would send a boy with a five or ten dollar bill to pay for the damage. Mothers with marriageable daughters tried to attract his interest for it wasn’t everyday that a personable young man with $40,000,000.00 was a member of the community. Jimmy gave big parties with guests from the surrounding area as well as the town. He was having fun while keeping one eye on the mining game. That was going in a satisfactory manner until the revolution in Mexico resulted in the Terrazas property being confiscated and a fire in the mine here caused the company to cease operations.
The greatest mining excitement of the past fifty years occurred in 1911-1914 when Ira Wright and James Bell leased the Pacific Mines and struck high grade. For 1800 pounds of the ore they received $43,000.00. This was said to be the richest shipment per pound received at the mint in San Francisco up to that time. The values, gold, silver and copper, in the ore extracted and shipped to the smelter more than paid expenses. There is irony in the story of the rich strike. The miners were aware of it first and quietly and expertly did some high grading. No work was done on Sundays but everything was locked up. However, as William Swiekert said, “A lock keeps honest people out.” Mr. Wright was told that gold was getting away from him. One Sunday afternoon, he, Jim Bell and a party slipped up to the mine. They found that some miners had apparently worked all night and perhaps up to the time when a look-out had warned them of the party leaving town. More ore had been shot down than could be carried away. Some large pieces were left outside the shaft. For years, at night one could sometimes hear the grinding of hand mortars. Presumably some Bell-Wright ore had been brought out of hiding when money was needed. It was estimated that the miners got as much gold as the operators. Mr. Wright wanted to build an electro-static mill, and as Jim Bell was not interested in that venture, he withdrew and I. J. Stauber took his place. No more large pockets were found and the lease was not renewed.
Other men, believing that rich ores were still in the mines, worked them for a short time, in a small way with varying degrees of success. J. T. Janes believed that the Hardscrabble could be a big producer and over a period of years convinced others to the extent that they would put money into the property. Mr. Janes’ stories were far richer and more colorful than anything that came out of the mine. Perhaps the rich ore is there, as it is said to be in the Gopher, the Hearst and the Mountain Key. Mr. W. C. Porterfield had a gigantic scheme for locating ore bodies. Through his efforts money was raised to finance a company to tunnel Pinos Altos Mountain as an exploratory measure, cutting across the many veins which would reveal the most advantageous places to sink a shaft. Work was started but World War I interfered with that project. The Calumet Co. built a mill south of town but never ran more than 700 tons of ore through it. The Hazard and the Keptwoman attracted operators; the first proved that it was well named and the second showed that its name was a misnomer. During the depression men flocked to Bear Creek until the scene must have resembled early days. There were seventy or more crude rockers being used by men trying to eke out an existence by placering. Tom Crowe used more modern and efficient methods on his claims at the mouth of Little Cherry and on Cottonwood Flat. Douglas White also operated a dredge and sluices down the creek.
The largest nugget ever found, so far as is known, was picked up by Fernando Cuebas in Santo Domingo. It was as large as a hen’s egg and contained very little quartz. It was sold to Mr. J. L. Rollins, then of St. Louis, as a specimen for the sum of $200.00.
The Cleveland Group was owned and operated by George H. Utter for a number of years. Although they are in the Pinos Altos district they were not regarded as “belonging” since most of the laborers and supplies came from Silver City and the ore was taken there over a mule-powered railroad. Many families lived at the Cleveland and at one time the camp had its own school. Of late years the scarcity of water has led to the use of dry washers which supply a topic of conversation, if little more. Water and gold may give out but hope never does. Men and women still prospect. Mr. Richard Allen, who wrote a history of Pinos Altos, published by The Silver City Enterprise in 1889, estimated that $3,000,000.00 in gold had been produced, and he predicted that that much a year beginning with 1890 would come from the mines. The Bureau of Mines’ Bulletin No. 5, states that: “Over $8,000,000.00 worth of gold, silver, zinc, lead and copper has been produced in the Pinos Altos mining district.” Much of the gold produced probably never reached the government’s great safe-deposit box at Fort Knox, Ky., but what did is but an infinitesimal fraction of the $19,000,000,000 worth, about one-half the world’s gold, hoarded there. If there is gold permeating the rocky Pinos Altos hills, and, of course, there is, it is as safely buried as that at Fort Knox.