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IMF« mn MIMIMH I hc Scarch for wealth in the Depths of the Earth
HILO Milt/ ITHillllU Luck of the Prospector and Some Late Strikes Many New Producers In the Butte District The long list of paying mines in the Lutte district is being increased with attonishng rapdty. Ten yea s ago there were not more than thrty-five good claims in operation here, but since then tlmt number has been more than doubled, and the end is a long ways off. There are mines every where—east, west, north arsd south and in the center. Por tions of the mineral zone which years ego appeared to have no chance for recognition in the ranks of the ore pro ducers have left the maiden class, and ore forgig to the front in the great race for prominence. This fact is apparent by the discoveries that have been made in t' o section known ns the Parrot and on th? flat which connects the range of •»nnctalr-s at the east and the Ann rnr 'fi h>li on the W 'st. Ten years ago no one thought of looking for pay ore in etfhpr ri'ace, hut now ail the ground ern'-vaerd by the two is in demand for nv"<eg pnrnoses. The tracing of the fro veins in otb»r directions lias not been to g-ent. but this can t>e accounted for in the r a"t that the district rast is l.nown to be full of copper ore, whi'e the ground south o fthe center and west ern vast of the city has not given forth sn>"-»antial evidence that it contains this class of mineral. This may be du° to its undeveloped condition, for with a few exceptions no very deep shafts ha>e been sunk. The ore of the BrP taiio. located in the extreme southwest comer of th» torn, is the first in that section, it is c'aimed, to show the ex istence of copper there. All of the ore of Hie south and west, however, is rich in silver and gold, and would pay hand somely for its extraction If the price of tlie former metal could be Increased to the point at which it belongs. One of the many great mining enter prises of the present is the work which the Smokehouse company has begun right in the heart of the city. So far its operations have been confined to the sinking of a shaft opposite the west side of the McDermott hotel. The company is working along in a modest way at present, tout is planning great things for the future. It intends to sink S00 feet and then cross-cut north and south to intersect the ledges known to tra verse the ground east and west. On en eh of these veins levels are to be driven, and as the company owns a vast area of ground the magnitude of the und linking can be readily understood. In the sinking of the shaft the ser vices of only a few men are require'!, but after the cross-cut and levels are started the force will be graduallly in creased as the work progresses, and t v eve will be no limit to it. That ore in paying quantities will be struck, 11'ose Interested in the enterprise have m doubt, and they are therefore not wn—ving over what it is costing them i:. the preliminary work. Tn the district noi tli of Centerville t!''" 0 is not much doing. Before the P" 1 "" of s'P-er drifted so low that soc ,v»s full of activity, but outside o r wrl: being done by a few lessees, tn' 1 fbe'-e is at a standstill. East a- 1 t-nuth of town, though, it Is dif fer "t. for there is where several of th» gpc-e copper mines of the Amalgamated com - any are located. STRIKE IN THE HOMESTAKE Biown's Gulch Adds a Dividend Payer to Silver Bow County's Long List. Phil Daniels. Charles Strowbridge, Charles F. Woodman and other large holders of stock in the Homestake Min ing company are about to have their hopes realized in a very handsome man ner. The claims owned by the com pany are five in number, and are located about twelve miles northwest of Buttte in a section known as Brown's gulch. Mr. Daniels is president of the com pany. Mr. Woodman secretary, and Mr. and Mr. Strowbridge general manager of the property. On Tuesday the latter sent word into the city that he had struck 3Vi feet of rich ore in the cross cut 64 feet from the 100-foot station, and that the shoot gave promise of being extensive. Accompanying the informa tion were three samples of the ore, which were assayed on the following day. Sample No. 1 showed a gold value of *85.60 and 387.4 ounces of silver per ten: sample No. 2, $118.40 j n gold and 407.2 ounces of silver, and No. 3, assort ed on the dump, $83.20 in gold and 402.4 oun"s of silver. The company began operations on the property on the 27th eff last Novem ber. and has worked it continuously piece that date with a crew of five men. 'JMc stockholders have always had faith Ip i*s future, but it was not until last week that Indications pointed to a strl' e of rich ore in the near future. These Indications were so good that the sale of treasury stock was stopped at onc°. At present the road leading to the pronevtv is impassable, which will pre vent the ore from being shipped just now. but as soon as the .weather settles nr'» teams will begin transferring the pi-n^uet of the property to this city. There is already considerable ore on the di'sop. The strike is considered quite an im portant one to the public, for It prac ticnHv opens a new field for ambitious prospecto'-s. For years a little mining has he°n done in that neighborhood, and some shoots of good ore have been found, but on account of the limited capital of those engaged in the work, depth sufficient to demonstrate the per manency of the ore bodies could not be obtained. Rnother drawback to the section was the absence of a good road toy which prospectors could get In and out dur ing the bad season. Several y^ars ago Peter Kendrick and othe'-s worked on s ther» with good results, but found it up-hill busi a of ness on account of a lack of proper ma chinery to enable them to go deeper. The Homestake company, however, has money back of it, and it will be able to overcome the obstacles encountered by others. BUTTE MEN NOW IN ARIZONA. They Will Operate Large Copper Mines at Clifton—Ore in Sight. The Shannon Copper company of Ari zona has bought the property owned by tbe Arizona Copper company, the deal having been trade by W. B. Thompson of this city, who went east for that purpose a short time ago. The area of ground now owned by the purchasing company is 600 acres, and it is said that it lies right in the heart of the mineral district of Graham county. The prop Leeching Veds of the Kendall Mill in F ergYis County erty will be managed by Philip Wiseman, W. F. Clymo and P. O. Wells, formerly connected with mining companies in Butte. In regard to the company and its pos sessions a recent issue of the Copper Era, of Clifton, Arizona, says: "There is by actual measurement over 600,000 tons of good grade smelting and concentrating ore blocked out in the mine. Of course this quantity will be largely augmented by further and deeper development. The deepest work on the Shannon is 300 feet, but by con tinuing tunnels on recently acquired ground into the Shannon mine the ore body will he encountered at a depth of about 1,000 feet, which will double the quantity of ore in sight, and furnish a reserve sufficient to run a 500-ton smelter a great many years. The company has been so greatly encouraged by the de velopment of the Shannon mine that it has decided to enlarge its field of opera tion, and has acquired the Yankie group, consisting of eight claims, and the eleven claims from the Amalgamated Copper company. The number of claims now controlled by the company Is thirty three, upon several of which develop ment Will toe pushed at once. Since the commencement of operations, including recent purchases which added to the amount necessary to erect the plant, railroad connections and the purchase of other property, the company has ex pended an amount approaching $1,500, 000 . "Grading for the Shanjnas, road from the line of the Arizona ... sw Mexico ■railroad to the smelting £ ,nt of the company was commenced tills week and will be finished and the road in opera tion within three months, when machin ery for the plant will begin to arrive, and it is safe to say that the company will be making copper before the first of the year. The management of the company will be in the hands of P. Wiseman, an experienced mining matt formerly of Butte, Mont. W. F. Clynad will continue as superintendent at A.e mines, and P. O. Weis, who has bwi| lately connected with the Anaconda and Boston & Montana companies, will be in charge of the smelting and concen trating operations. THE DIAMOND HILL COLLAPSED. Hassel Group Closed Down—Big Statefc}) Mill bold For Junk. The Diamond Hill mines at Hassel, Broadwater county, this state, have re ceived a terrible set back and ijt is doubt ful if they will ever recover from it. Ulte big 140-stamp mill, which a Scotch com pany erected on the property for the purpose of demonstrating the value of the mines when worked on an extensive scale, has been sold and will soon be 1 ulled down and disposer! of In pieces to whoever desires to buy. The property has certainly had a checkered career. In the early days of Harry T. Kendall of Fergus county is demonstrating lo the mining world that the cyanide process of extracting gdl from rock is easy enough when ;L is fuliy understood. A little over two years ago he bought two mining claims in the Forth Moc casin district of Fergus county, paying $G50 for one and $1,000 for the other, The first is known as the "Leaking" claim and the other as the Klondike. Knowing that the ore could he tx-eated successfully by the cyanide process, he built a plant costing $25,000 and began operations. His anticipations soon blos somed into a reality, and along about January 1 he bonded the entire property to an eastern syndicate for half a mil lion dollars. One of the conditions of the bond, however, was that he should manage the property during the life of the bond, and this he is now doing. When the property was bonded thei'e were about 150,000 tons of ore in sigixt, it being shown up by means of shafts and open cuts. The ore averages from $3 to $1 per ton, but the ease with which it cart be taken out and placed in the mill reduces civilization the hill on which the mines are located was found to contain gold, and locations were made, but the loca tions were abandoned many times be cause the locators did not consider the ore in them rich enough to suit their purpose. Some of the ground was final ly patented by John S. Miller, John B. Wilson and Thomas Cooney of Helena, who erected a 10-stamp mill on It. The mill was operated during the high water season for several years, and it is claim ed that the returns paid a little more than expenses. In 1895 Mr. Miller went to Scotland, organized a company and got it to buy the property at a figure said to have been $250,000. The company erected a 40-stamp mill and made Miller general manager, but Miller and the workmen fell out with each other, with the result that operations were suspended. At the time of the shut down it was given opt that a larger mill would be required to treat the ore at a profit. Accordingly, an additional 100 stamps were added, the work being in charge of Col. H. H. Erving of San Francisco. Mr. Erving built a fine mill, but it was done at ap enormous cost to the company. When the work was complete the company placed Andrew Urquhart in charge. During the rest season there was plenty of water and It is alleged that a con siderable amount of money in excess of the expense of operation was realized, but the water finally failed and steam had to be substituted for electricity as a motive power. Then it was learned that the ore was of too low grade to meet the expenses and the works were closed down last July for good. The purchaser of the mill was H. I. Keene, an eastern junk dealer; and while the price paid has not been made public it is said to have been very low. THE DISPA TCH IS PRODUCING A Large Quantity of Ore in Sight When the Siump of 1893 Occurred. The Cleveland company now in charge of the Dispatch mine, which is situated in the southern part of tSvvn, is making good progress in the pre liminary work of developing the prop erty. The company took hold of the Dispatch on April 1 and on the 10th be gan pumping the water from the old workings, which extend to a depth of 400 feet. Stoping is now in progress between the 180 and 120 foot levels. The vein at this point is from 18 inches to 3 feet thick and carries a silver assay value of from 19 to 111 ounces, in addi tion to which there is some gold. The property is in charge of Thomas Bar ton, formerly foreman at the Gagnon. Ten men are employed, but as soon as the water Is all out of the lower levels the number will be increased. A new boiler is being added to the power. The Dispatch is one of--the mines of this district which the slump in silver in 1893 closed down. For a year or two prior to that time it was operated by George W. Farlin of this city and Noyes B. Allen of Connecticut, but when the '93 crash came they became disheart ened and suspended operations. It is said that they then had in sight, blocked out and ready to be hoisted, about 11,000 tons of $20 ore. It was then supposed that the drop In silver would be only temporary and that a better price would prevail in a short time, in which event work on the px-operty would be resumed, but before the hopes of the owners were realized Mr. Allen drifted to other fields and never returned. The miixe contains about 800 feet of levels and was bought by the Cleveland company for $30,000. THE BRITT AiNIA I S A MINE It Has Paid Its Owners $42,000 in Dividends—New Strike Made In It. The Brittania mine, situated In the southwestern part of the city, has been developed into a dividend payer or no mean pi'oportions. Eighteen months ago a Milwaukee company took hold of it and since then enough money has been extracted from its veins to pay for the mine, Its operation and leave $42, •Xto to be distributed among its own ers. It is being managed by Mr. Tickey, who keeps 25 men at work. The workings are only 230 feet deep. Last Monday the night shift struck a new shoot of ore six fet thick on the hang ing wall and, strange as it may seem, the rock carries 2 and 3 per cent, cop per, something unusual for ore in that neighborhood. The product of the prop erty Is alt shipped to Northport, Wash ington for treatment. The Home Copper Mining company, which has a $25,000 bond on <the Oanters group of mines in Newmansville, is meeting good results and making exten sive improvements in machinery. I i ; ! I i IIEINZE IS THE STUMBLING BLOCK. Kidder, Peabody & Peabody, have notified the Boston Stock Exchange that more than two-thirds of the stock of the Boston & Montana and Butte & Boston Mining companies has been voted in favor of a consolidation of the two com panies with the Amalgamated company, the brokers have requested that receipts for the stock turned over to them be placed on the unlisted department of the Stock Exchange. This makes the consolidation a sure go provided the injunctions obtained by th » Heinze forces in New York and Butte do not hang on too long. One of the large shareholders in the Boston & Mon tana is ci'edited in the east with the fol lowing remarks in favor of the proposed consolidation: "The situation at Butte Is very com plicated, but the Boston & Montana settlement, so far as stockholders hav ing the opportunity to get a good price for their stock is concerned, will be found, in the very end, very simple. "Nobody in New England should ob ject to the Boston & Montana stock holders getting a very good price for 150,000 Tons of Ore in Sigkt. A Plaint Costing $ 25 , 000 . their stock. New England investors were frightened out of a good deal of their stock at 225. If now more than twice this amount Is offered for Boston & Montana, even though offered tln-ough the stock market, should any one object to New England taking it? Nobody has ever talked of Boston & Montana as intrinsically worth beyond from four or five hundred dollars per share. Now, If anybody wants to get his money out of Boston & Montana he has an opportunity to do it, and he has not got to consider any questions of the relative value of Boston & Montana and Butte & Boston. "Allowing that Butte & Boston has no great value intrinsically, it should be stated that the same people own both Amalgamated and Butte & Bos ton. and ai - e responsible for both, and that they have right to put these two properties together, so far as Boston & Montana stockholdes are concerned. Now, what is the position of the Boston & Montana man who claims that Butte & Boston is worthless, and that Montana is the only gx-eat thing on the mountain? Certainly Montana has got a consider able fight on its hands with Mr. Heinze. Its property is heavily enjoined at the present time, and its legal warfare must, from the present outlook, go on increas ing. Allowing that it wins out and gels free of its injunctions and litigation, there must be a limit to its value, and that value depends largely on the price of copper. "Now, the Boston & Montana peo ple have not. It must be conceded, made the price of coppex - . The Standard Oil people have made the price of coppe-. and they are making It 17 cents to day, and they are fighting an Interna tional battle upon it and are winning. Very few people know the extent of this international warfare over the price of [ copper. Two of the big foreign bears have recently settled, and there will be more of them to settle. It Is perfectly true that copper is going both ways on the Atlantic at the same time, and that the foreig nbuyers are holding off in hopes to break the price of 17 cents per pound. But the situation is entirely different fi'om what it was formerly. The selling of copper is centralized, and the best evidence of whether the Stand ard Oil people can hold the copper mar ket is in the fact that they have held it. and while they have been holding it Montana has been able to pay quarterly dividends at the rate of $40 per share per annum. "Now. if there is not an amalgama tion of copper interests in this coun try, the price of copper will not be held up, and Boston & Montana will not be able to pay $t0 per share, or the $50 per share it is now earning. But if the price of copper is held up and there is a fair trade with the Amal gamated Copper company, Boston & Montana stockholders will see a very the expense of the work to a minimum', which is 25 cents for miniti gand placing it in the mill and $1 for treating It after It Is delivered there. Two men extract all of the ore and five convey It to tho mill. About 100 tons are treated eacB day. The ore body is 125 feet wide anj 1,500 feet long, but just how deep lnta the ground it extends has not been deni* onslrated. It may crop out in China» Eo sorting is necessary. * 1 In extent and value the ore Is similap to that from which the Homestake corr\J pany, operating in the Black Hills of South Dakota, has been poundig gold for twenty-two years, and is likely t9 keep right at it for a century more. Mine Location Law Changed. 1 Tho last legislature changed the laws relating to mining locations in this state. By the law as it now stands, work must be done within sixty days (old law ninety days) after location. The locator, if he makes a defective lo cation, or desires to alter the bounda ries of his claim, is now permitted to fils an amended declaratory statexnexxt. pro vided it does not conflict wüh interven ing l'ights or other locators. fair price for their property under the new regime, and they will have an op portunity of getting out or staying in. on very much better terms, I think, than they had expected some time ago. "Since the stock was pegged at 225. they have received about $100 per share in dividends, one-half of which is due to the maintenance of the price of cop per, and if they get four shares of Amalgamated for one share of Mon tana. and Amalgamated remains at 125. making a practical stock market tender of $500 per share for Boston & Mon tana, can they ask for more, or can they quarrel further with the people who have made the Amalgamated Cop per company, held up the price of cop per. and propose to pay themselves by taking into themselves their own Butte * Boston, at a higher price titan that at which anyobdy else would value it In regard to the Clipper-Boss Tweed In regard to the Clipper Boss Tweed mine deal, the last issue of the Pony Sentinel says: "To all appearances there is some thing doing in regard to the Clipper-. '.usa Tweed deal. W. \V. Morris went over to Butte Sunday and returned Tuesday accompanied by John Berkin, Charles Molsen. who represents the London Ex ploration company, and others, but noth ing regarding the deal can he learned for publication Mr. Molson and asso ciates are at the mine, and it is under stood they are supervising the taking out of a ear or two of ore for a mill teat. Mr. Berkin returned to Butte Wednes day and is reported tc be on routr to cape Nome. Mr. Morris started for Vir ginia City Wednesday and W. C. fjc Kaskle. another of t.u- owners, left an Thursday foi :tte. 11 these move ments would in .cate that there is some thing in th tin d.