The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1880-12-21
from Wednesdays Daily,
THE MoULToN.
a rev Facts in Relation to the Compapv,s ors,o.,,..

F"AJ 'opordGlOnss
very satisfactory progress is BEING mazda a.
the Moulton works. The three shifts Of mon
employed in sinking the shaft are making ex-
ceiient progress, and a depth of 25 feet has
oeeh attained, the eighth set of timbars
oeihs put In yesterday. The frame work for
Inc hosting wsrks is being prepared as expe-
aitlously as possible and their erection will
oeglh at the earliest practicable moment.
IL Ihls connection it may be well to State q
lew facts in reference to the oreaniz,ti.,
powers and purposes of the Moulton COM
pahy which are not generally understood.
Inc MEMBERS of the company other than NJ,
o"h 10 not propose to make the improve
menus conditional upon the sale of the stock.
IL makes no difference whether stock is or is
no' sold TO raise money fer working purposes.
Inc outside members of the company have
entered into an agreement with Mr.. Clark nv
winch, IN consideration of a certain amount
Oh STOCK, they bind themselves to build a 40
stamp mill, as we'll as the work can be exc
cnleu' and to sink a thrce-compartment shaft
TO a depth Of 800 feet. The mill is contract
ed to be completed by Oct. /, 81. Dec. 1 is
the dale within which the shaft must reach a
depth oI 80 feet, the other 300 feet to be
De sunk by the LIST of May the year following.
In order to raise IL working fund a limited
amount Of stock has been placed on the
market, but whether this stock, which is I'M
asscssable, shall be taken or not, it will not
interfere with the development of the
mine and the erection of The mill.
As positive evidence that such is the determi-
nation of the company it may be stated that
the incorporatorS other than Mr.. Clark have
deposited in New York to That gentleman's
credit $4,000, and that the balance of the
money will be Forthcoming there can be no
reasonable doubt. Among The heaviest stock
holders may be mentioned Orville Green,
president of the Western Union Telegraph
company, whose interest is supposed to be
represented by Gov. L. H. Murray, of Utah.
who is a stakeholder and vice president of the
company, and who personally examined
the property last month. Another wei
known man heavily interested in the en-.
terprise is Allen G. Campbell, treasurer
of the Horn Silver company of Utah. Griffith
" Wedge, the celebrated manufacturers @
milling and mining machinery, of GAINESVILLE
Ohio, also own a large block of stock, beside
other well known men, all of whom hav,
abundant means at their command, and VIII
by judjcious inquiry and practical examina
ton have satisfied themselves that the min
is u bonanza. They have, therefore, full
decided to push to a successful issue th
mammoth enterprise which they have inau
gurated. But as al additional safeguar
to investors, Mr.. W. A. Clark retains a cor
trolling interest in ali the stock issued, an
his connection with the company is a sutf
cient guaranty that the mine will be legit
mateiy developed and not held Tor stock .jol
bling purposes. The value, extent and perm;
hence of the Moulton ledge seem t
be beyond question. 1t is known that tn
main ore-shoots Of the Alice, the discover
of which so greatly enhanced the value
that mammoth property, extend in a westerl
direction, aud there is no reason to suppos
that they are limited in extent by the en-
liEes Of the Alice. There are eXcellel
grounds for believing, therefore, that til
lower levels of the Moulton will open up til
same ore-shoots which have been explored i
the Alice, and not the slightest reason &c
supposing that either the Alice or Moulton
enriched at the expense Of the other.