New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-27

the anagO1lstc companies, III seeHlS I" ho un""
dividends might again be paid. Without some such
adjustment the stock of the company is or Will DO
of very littl- value.
The NORTH sHUTE OF CARBONATE BILL.
The Morning Star Evening Star and Catalpa
mines, wbichle on Carbonate HILL, north OF those
referred TO above were located after the danger Of
controversy such as has been so disastrous to
the Leadyile Company was perceived and thsy
were therefore LAID out with their longest dimen-
siops in an east and west direction that in Oper
ating them the explorations downward will not ex-
tend beyond the boundaries Of the claims until the
end lines are passed In other words, The VEN IN
these mines may be followed into the bill about
1000 feet from its apex before it crosses INTO
the territory of any other company, while II the
claim was laid ont north and south the side lines
would be passed IN 200 or 800 feet
This north ore shute of Carbonate Hill is larger
and richer than that which was first discovered
further south Extending from the north side OF
the Catalpa which is the most sOutherly of tho
group, il undeTlies the Evening star NINE I'VE
Morning Star. ana part, ri least OF thr Ndierloo
which ia owned bv the Mornng Star COMPANY
making a total width of nearly coo feet. Through
out the whole OF this extent land have made a
careful examination of all the underground develop
ments from the Caralpa 10 the aHrool me ore
body il continuous without single break, ana
varies in thickness from two three TO forty feet
he strike OF the ore shute on this part OF Carlo
nate IIII Gs well elsewhere thfoughOut thls uIS-
trict. northeast. the general Dip OF the FORMATION
being 90 70 the east The limestone tOot-wall on
winch the ore les covered with p0rphyrv, - w2yy
in form. so that a line drawn from the Ouicrop 10
any point of the lower workings, while u N'u'd
follow the general dip OF the vrn would sonnet hoS
be below ami sometimes above the to0t-w9ll Nu"Fe
the f0Ot-wul IS depressed the pCrphvrv hanging
wall being pretty regular. the or wllrh nus the
intermediate space is thick, but where the too-wall
rises nearly TO the hangngwlll the ore b0ly 5 tGu'
GREAT WEALTH OF MORNG>G AND EVENING STAR
The Morning star mine. which is the largest OF
the group IS operated by means of q shaft 80 feet
deep from the bot tom of which incline fO loving
the vein extends toward the east about 800 feet
From the incline levels are opened at irregular IN
teryals and some OF these are connected bY VINES
The face of the incline at the bottom Is also IL ore
which undoubtedly extends into the mountain for
an indefinite distance. am unable TO make even an
! approximate estimate of the amount Of ore IN sight
IN the Morning star mine. but Il IS very great ana ~
| apparently increasing through development more
rapdy than 1t is being taken out and sold. ms Is
the best mine Of ITS sizi that have seen in Lead
! The Evening Star NINE lies south of the Morning
Star. and although It covers much less ground CON
/ taIns even heavier BODY OF ore IN an cq"h dI'~
/ than tine Morning Star Mr. Ward, the manager OF
the Evening Star. has adopted the plan 81 DOCKING
! ont his ground and leaving the greater part Of the
! ore he discovers standing. while he constantly eX-
tends his explorations The effect of tins policy NAV
] be seen ~ th" history of the nine Ire nr'o"ry
! was purchased less than two years ago Tor Sb9uOV
/ ABOUT 81 900 was used "a a rkIng capl-al ana
| the stock sold when the company was orgduized
| for ~ share. Last month the hrSt diVldchd vas
pad and although none Of the stock Is on the mar
ket II ~ bought aud sold privately among me pres
/ ent owners al from 500 70 1913 a share. Ihe mine
! j. ably and economical managed ana have no
doubt that investments ~ tie stock at present
! prizes would prove remunerative.
! When I visited Loadvle in May, 1879, the ex-
! ri elucut IN the camp was at its height and pros
/ rectors were digging holes ali over Carbonate HUI
! Inc Leadyiile COmpuy's property was pr0duc NJ
/ 70 guar.v ana Jufc, Peuderv had just made his
great strike. The Morning. and Evening Star mines
| had ore in sight bus their product was very small
! TODAY the Lpadylie Company has suspended op'r-
! ations the Giass-Ppndery mine has pad no dtyl-
deuds for a year. and the prospec ors nave nearly all
disappeared from Carbonate flu but tine NerlnE
/ and Evening star and the C1talpa Wnrs nave De-
come great properties. and. taken as whole, be-
Icve Clrb mate Hill b. expected TO Sh y more
/ ore in the twelve months than IL has during
/ INV venr of Us histnIE. = l. W.