Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1879-10-02

Gross daily prohts. Observation-Disclosures. siSs a
,,
Gross mon,hiy proat................... ssss7 y
Gross yearly proat. suond e
| Deduct Is per cen; for coplnS Senctes... 6tNa.ns
Net yearly proat................... sIT i0S u
This would be equivalent to nearly elgh,
| per cent interest on 4 capitalization oi
$4,000 This Is upon a basis OF three-per-
cent ore. which we believe 10 be under the
average The capacity OF the works could
be largely increased a, small cost, which
would proportionately Increase the profits
| with but small increase In expenses.
These works are now being run on lot
OF silver ore from the Goudsboro' mine
Everything about this property bears the
impress of the careful. practical manage
ment OF Mr.. Cutter. The condition OF the
shafts, buildings, concentration works. the
| build!ng of atramway TO connect the shafts
with the ore dumps, all hesr witness that
| this company Is prosecuting the business
OF mining as legitimate industry. Every
thing abou, the mine has an appearance OF
prosperity and pernanence. The company
employs iory-hve men.
| THE ATLANTIC CoPPER MINISG COMPANY.
| The property OF this company aiinins
| that OF both the Blue II aud the Doug
| las. lying between. and consists OF sixty
! scrc- Tue ore j. OF the same character as
! that found IN the al AGENT mines. and cx.
tends entirely across the property. The
mine has thus far been developed hv two
| open cuts. and two shafts sunk at a depth
OF six and twenty feet respectively. Prot
I +. l.. Bartlett has such gooi opinion OF
this property that be has offered 10 sink the
twenty-foot shaft 10 a depth Of sixty feet,
, taking the ore extracted for payment
! There are now on the dump about one hun
| drei tons OF ore ready for treatment. We
see no reason why the property owned by
this company should not prove as valuable
| a. any on the belt.
The company was incorporated in May.
/ 1872. and j. composed Of some OF the be !,
men In the State. r VI Isughion, Ban
| gor. i president; VIM. =. Hubbard Ban
| gor, Is treasurer; Walter Haley, Winter
! port. is secretary. The directors are II. &.
! MARTIN. Brunswick; +. NJ. Laughtou, Ban
| gor; David II Smith, Wiuterpou; Capt.
| H. Gregory. Jr, Rocklani; Capt. John
/ Humphreys. Boston; Waiter Haley. Win
! ierport and e, +. Dixon. New York
Among the stockholders are DR.. Hamlin,
Bangor. J. X. Bordwell. aud Gen. Cham.
/ herlain The capital stock Is 500. 900
! divided into 10000 shares. The company
/ employs ei.h: men Al present. Il proposes
70 sell one half OF Us present properly a.
soon as Il has been sufficiently developed.
/ THE SLOWER hull MINING COMPANY.
/ The property owned BY this company
consists Of twenty acres II has been DE-
veloped BY one shaft sunk to a depth Of
thirty-six feet aud a number OF open cuts
The company employs eight men, and s.,
getting out SON. very nice-looking ore. IL
ha. a largc. heavy vein OF what miners
call "mundic." and there il every lndlca
tion oi its oein. a good mining property
II vas Incorporated In June last with a
capital OF 500. 90, 80. 600 shares AT $40
each J. ). Kicker. Bangor. is president.
and WIN. p. Hubbard, Bangor, is secre-
,sry.
THE DOUGLASS COPPER MINING COMPANY.
In this property there are forty acres
and Il sdjoins the property OF the Atlantic
Company on the West Il was on the land
belonging 10 this company the first copper
ore was 81 discovered. Since November last
Mr.. Gregory. the superintendent. prscll-
cal miner OF many years experience 10
Nova Scotia, has been pushing things en-
er.-tcally, and everything 10 and about
the mine is In aiirst-ciass condition. There
are three shaffs sunk, the principal one TO
the depth Of -ixty-nve feet. IL was form
eriy Al open cut eighty feet long aud TWEEN
" feet wide. IL ls substantially timbered.
Although there have been Two cargoes
OF ore shipped 10 the smelling works Of
Nessrs. Pope, Cole & Co, Baltimore. there
are now on the dump over 90 tons OF
good ore. Another cargo is being got
ready for shipment As rapidly as possible.
We were shown a telegram from the above
arm by Mr.. Gregory In which they ex-
pressed their desire 10 have this shipment
made as soon as possible, a. the ore was
much needed. II Is valued very highly as
lux. The ore is OF the same character as
tina, found In the Atlantic aud the Blue
Hill, almost all the different varieties being
found, as well As many rare specimens, and
will run from five to ten per cent in cop
per, although considerable quantities. are
found which will run higher. Hand
dressed, it will probably average about
twelve per cent.
The property is evidently excelcntly
managed by Capt. Gregory, who proposes
putting up u mill this fall. He has selected
an admirable Inill-site. with facilities tor
handling and shipping which can hardly be
excelled. Steam power Is employed now
tor holsting, but an Improvement In this
direction Is contemplated.
THE BIsBEE COPPER MINING COMPANY
This company owDs thirty acres. and is
the only one operating on The north side OF
the road from Blue Hill IL has one shalt
down thirty feet and one open cut. The
indications OF this property developing into
| q valuable one are very favorable. Con-
siderable good ore is now being taken out,
aud the quality is steadily improving. The
capital stock is placed at $500 900 divided
into &C, 600 shares. The company was
formed In Belfast. with d. II. Bisbee, Cam
den. and Hon. S. l. Milliken, Belfast, sec
retary and treasurer.
THE swAsEY PROPERTY.
Mr.. Swasey has bought two lots. one
| containing twenty-four acres, the other
| thirty-six acres. II is reported that some
| New York parties are to form a company
| TO operate on the north side Of the road.
THE GRAY SILVER NINE.
Mr.. B. o. Cutter has lately discovered
on the Gray farm, not far distant from the
| above copper mines, Indications OF q yalu-
sble deposit of silver ore. 1t has been
| prospected only to = depth Of 8 feet, and the
assays have run from 9 ounces to 81. aver
| age 25 ounces. or all the specime ns which
have been assayed. but one can be con-
sidered selected. From this same vein one
assay ran 1888 per cent in copper. Silver
ores are found 10 all the copper mines oi
this belt, some specimens of which hav.
assayed ss high IS 800 ounces. The vein
oil the Gray mine is feet wide. and its
| course northeast and southwest Mr.. Cut.
ter is employing six men here. but does nol
| propose 10 do ANY thing with the property
until il has been thoroughly prospected.
BARTLErT's PRECIPITATION WORKS.
Prof. +. l.. Bartlett has had building
erected on the property Of the Douglass
Company. for the purpose Of making som,
experiments In treating copper ore By th,
vet process. He has about finished hi
| nrepaIAtiona and is Onite aanRuine "A /.