, 1880-02-07
A NEW MINING ENTERPRISE.
The Itcaly-ray Gold ns,d silver Mining
Company, Of Chicago.

Tho tcady.ray Gold mud Silver Mining
Company. Of Chicago.
During tho past month company has been
organized III tlls city. untler tic above title,
Which bids fair to bec0me widely and favor
ahly known In mining circles. Its mines arc
located ahout FIVE miles from Alma antl
twelve miles from I.eadvillc. The Company
has two mines, one called the Derigo and tho
other the Ready-l'ay, from whlcl, tho Company
takes It's name. The Company was chartered
" Gso4ao @ a orsaal1t sl 9 on i IT, :: st se ay a; q
.Jnn,Iary, 1850, when q Doar.l Of Directors
wins elected. Tl!o officers ot t1c M Company
nre a Y; /; Lie, 1FeS1l.dsnt; ~. Tiohin, yigs-
g6ass 'SsSmt 4sasrcr: T. II nc a Se9ra2Iy @ x yar:o, + ~
Superintendent, The mines Of the Gun.
pany wpra discovered md prprh,pt-
y BY Hiram +. SAWYER, mi!lssr
q 9i,, tTs''ty y"ars' 9,xnriS;ce' nnd Ills
mrlence wns such tllat he tool the must Of
lis pay for tho nnfnn III stock Of tho Company.
The Deliso lsn cllnriata: lo.lc, running ut IN
anglu af 70 deg. into the n!ollntnins. VIII.
wide, md asssylng as ligl Us lsu ounces lnr
ton Of silver. There aru alsa four mora oltcl,
cuts run O,l tifs same vein, frHln . to II feet,
with tic sa'ne uniform result, which prum1sU
S ,naF rsTs Fl! Hs caE sEag 5!eMS HIM. i osssSaSS ostSsS1S
about onu,mlf mile from tho prrig,,, nnd
Promises rs rlslI us tle, Robert L. i.tn nr tfie
Letter anl Stevens MinGg, ut 1en;lyltle; 1t
nf those two MINIS ut tho salIn depth The
Keaiy-Tay Mine las Il slnft only 70 feet
deep, showing lard and soft rarbonAtes. rs.
saying frnm II ounces tu t5b ounces !Gr toll.
1eaay Ms F;'1 Go Il S a 81 yrr r';Iir H'x q ae The
pany, vas one of tlo orlEInal owners twith
Lee, Judd Il Lee, of thelr famous mines,
l1obtaslM M md GrsEory aM!i i,o otl!erS. ut Mncli
colnlany, cui,slstlng Of I.ee; Ju.id 4 Lee,
transfcrTtd tl.eir mines :to st1sk ,co,ntmny
ea!ln'' the ls!ask llawk G"hl altn!nx coll'
y; Ia! f1I s;'{ s9{ s Ar hcrs wll,nm , IL +
ssr"r SUP H tse ceora" to III the IT. posit" t ~ "
mining A,lanrler atil President OF i mining
company. liz Esan honest, Just, and capable
,nntl IN every sr'lso Of tt'a wurtl, John 4.
ars1:s, tho @ sHH!!ts1"isnt s;ina1 q tho ltea!y.
III tlc employ al. thu 1llack Hawk Company
10 tlto liIAsk llAwk Qol,l Mining Company lle
r %as anni3ted MInI,,E sapeIS1'tS,,ttyt, rS , mud
skiil M aa 'aEI a6lltx ''I As 1p pcteaI ,asr Eear
aud tulhlug .e1gtneer, hu uAn.taget tlla
mast extensive mil,es III, Cololu.to. mud
u the lsosky Mountains reEoil. Mr.. 1ViiIlnl!
| /, lset' President of the Company, says Ut
!lm tint tl!cro are fow, II auy, Will, tic eapa-
Utilities Of mining and ,nall'i4EtnE; mlnes l!l
tl.u S.4n!tnry Ut tic l1e'dy-I'ay f;ol alul Sil-
yry Mlling Ctnpaty, " II gentleman of largu
nhllity and experience ~ bl.slnuss-nialt, nii.l
was THO primo mover j., organizing the CHI
paIirs, anl Ii y ll.s,,l ut 'grcat worth 10 tl!o
H!ning ttnterntty OF Colorado. Ills Dfflca IL
No. IL I;ast stutlIsoN street, Room j, Tie
pit,sGnt 4tllts Of tho coINpa,.y. -.
tnrnt husf,rss-nall 1T this ely, ts uMn III tho
Directors, aud hEs connection With tile Cnlll-
IMny ts sufficient g,Glr.llltee that tho enter.
liutlers. ~
Will such all executive stat, aud Will.
mfnes ot Bllcll remarkable promise, tho stuck.
llnllVrs OF tho lteaIy-Pay fold ulI Silver
thv utmost confidence, unusual develop.
lnenis within the present. year.