Idaho Springs siftings., May 03, 1902, Image 8

About Idaho Springs siftings. (Idaho Springs, Colo.) 1900-1905

Image provided by: History Colorado

                
THE IDAHO SPRING SIFTINGS
A Few of Idaho Springs Great Tunnel Propositions
COLORADO'S
RICHEST
SECTION
Last year's production j
of the precious metals In j
the Idaho Springs Dls- j
trict was $1,504,200,
j* j* s*
This was! a gain! of 35 j
percent over the prevl- <
ous year's production. *
The district has eighteen concen
trating mills.
It has three sampling works.
The city has a population of 4,000
people.
It has two banks with a deposit of
$500,000.
The district employs 1,600 miners.
The amount paid miners in 1901 was
$420,000.
The district has five of the largest
tunnels in the country.
It would be impossible in the space
in the two columns on this page to
give anything like a complete descrip
tion of the best things of the district.
The Newhouse tunnel, which is now
in two and one-half miles, has proven
that ore bodies continue with depth
in the district. It is recognized as one
of the foremost tunnel propositions in
the world. Over a dozen different
companies are drifting on veins cut by
this great tunnel.
The Central tunnel is another big
proposition to be driven five miles
through one of the richest ore-produc
ing strips in the world. It will cut
veins known to be big producers and
is now on the way as fast as electric
energy and modern machinery can
drive it.
The Monarch tunnel is driving for
the great Freeland vein and practical
ly owns everything in front of it. It
will be driven four miles and enters an
exceptionally rich field.
The Burns-Moore tunnel will be six
miles in length and is also going
through a rich section. It is repre
sented by one of the strongest com
panies in the district.
The Lucania tunnel will be driven
two miles into Gilpin county and has
the reputation of being the “Queen of
the Bunch,” when the great tunnel
organizations of the district are
spoken of. It is backed by Colorado
Springs capital and every business
man in Idaho Springs is a friend of
the proposition, because it is solid,
substantial and aggressive.
The Big Forty tunnel is also a good
proposition and will cut hundreds of
rich veins on the line to its objective
point. A glance at the map will show
it to be one of the largest in the dis
trict and its territory is as good as
the best.
Since the map was issued, home
people have organized the Argus Tun
nel Company, which will cut the rich
veins of Gold hill and become one of
the richest propositions in the dis
trict of great tunnel enterprises. A
block of the stock in this company is
being offered outside Investors and Is
going rapidly.
The Golden Hill Centurion, Vidler,
Omar, Donaldson Mountain and sev
eral smaller propositions are all con
sidered good investments and to-day a
tunnel proposition in the Idaho
Springs district is almost certain to
bring returns upon money placed in
the way of an investment.
Among the properties in the dis
trict of almost national repute are the
great Gem Consolidated, the Lamar
tine, Stanley, Shatter, Specie Pay
ment, Lexington. Seaton, Freedland-
Bxtension. Fraction, Bertha, Gum
Tree, Franklins Consolidated, Crown
Point and Virginia group, Belman
and others that are dividend payers
and properties in which it would be
next to impossible to obtain an in
terest.
Among the important properties in
the district in which the investors
will share soon are the properties of
the Colorado-Oregon Company, up Fall
river. The tunnel is now in on this
property 350 feet and while little is
being said the showing is indicative
of big results in a very short time.
The company owns twenty claims, or
seventy acres, of rich mineral-bearing
ground and will not be obliged to
purchase anything. One of the pos
sessions of this company that makes
It appear stronger than any other in
the district is the fact that within a
radius of 800 feet from the mouth of
us? THE RICHEST TUNNEL