TITLE: Quicksilver Mine Are Sold; More Homes Planned?
A six-man local syndicate has purchased the 4,500-acre New Almaden Mines property, marking the first time in more than a century that the quicksilver lands are to be locally-owned. The purchase price was not disclosed.
The buyers of the historic property, which has figured in noted court room battles and once caused an emergency for President Lincoln, made no statement as to their plans. Details of the financial transaction are largely speculative. However, one "inside" source close to the syndicate, said subdivision development of the "view" acreage of the fabled lands in the Santa Cruz Mountain foothills is under immediate consideration.
The buyers are: Hans Buckheim, Phillips S. (Jimmy) Schneider, Leonard Rubino, Sam R. Abinante, John A. Cussen Jr., and Paul A. Mariani Jr.
The mining properties have been owned since 1915 by a group headed by George Sexton. Sexton's grandsons - Richard L. Sexton, Philadelphia, and Eric L. Sexton, of Connecticut have managed the mines in recent years.
Documents recorded by the California Pacific Title Co. did not reveal the sale price. Speculation was that the land deal represented a "trade" involving various properties.
It was believed that the new owners will hold the mines open for production while making plans for other development of the wooded acreage. The mine's impressive old hacienda, whose gardens were laid out by John Mc-Laren of Golden Gate Park fame, is now the Club Almaden.
The mine property forms the back property line of homes in the community of Almaden.
Two San Francisco law firms handled the transaction. Atty. George Koster represented the buyers. Atty. Frank Kilmartin of Knight, Boland & Riordan represented the selling interests.
Schneider, Phillips S.
Cussen, John A. (Jr.)
Mariani, Paul A., Jr.
Abinante, Sam R.
|Cataloged by||Boudreault, Art|