Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-01-20
A NEW MINING COMPANY.

Black Hills.
lDeadwood Pioneer.
The interest manifested in the east among
men of capital in regard to the mines of the
Black Hills, though trife tardy, is none
the less gratifying. 1t shows that the merits
of the Hills are becoming better understood
and appreciated by the class of men to whom
We must look for the development of our
vast resources, that are only waiting for
capital, backed up with energy and exper
fence, to open up and add to the wealth of
the world. A short time ago, if a man had
preached to eastern capitalists the subject of
forming company to operate in the Black
Hills, he would have been received most
coldly, if he had not been made the subject
of a rude rebuff. There is no Disgusting tie
fact that the Hills have been
AN OBJECT OF SUSPICION
to many men, who, had they thought there
were any mines here that would pay, would
have been only too glad to invest in them.
Since the Homestake aud Father Do Smet
mines have shown up the wonderful bodies
of oar that were concealed In them, and have
erected their gigantic works within the short
space of two years. since other new camps
have been opened up that promise to be-
come the rivals of these monster corpora
tions; and, better than all, since there has
been
STEADY FLOW OF GOLD
from the hills, the feeling of distrust that
existed in the minds of many in the East,
has given way to unbounded confidence, and
men who would have laughed at the idea,
are not only willing but eager to interest
themselves with US and to invest their hoard
ed wealth where they are SO certain to re-
ceiye such grand returns.
We hear daily of new companies forming
in the East with view of investing in the
Hills, while nearly every stage brings repre-
sentative NTH here who are looking about
in every direction to see for themselves what
there is in our Hills. Among the latest
companies formed is the
WISCONSIN MINING AND MILLING COMPANY,
which was organized December 8, at La
Crosse, Wisconsin, tho incorporates being
Messrs. John r. Hodges, E. L. Wilcox, of
Portage City; Lorenzo D. Blanchard, Charles
II. Williams, of La Crosse; Simeon Hedding,
Of Minneapolis, Mimi; Lee Baxter, of Dead
wood, and Moses Coffin, of Lead City. The
last two gentlemen are among the pioneers
who came to the Hills at an early day, and
have been favored by fortune, as they are
the owners of the Big Missouri mine, for
which fortune has been frequently offered,
and as often refused.
This new company is in one respect
peculiar, as it is confined
ALMOST ENTIRELY TO RAILROAD MEN
employed on the Chicago, Milwaukee g. st.
Paul and the Southern Minnesota roads.
The company has q capitol of 100000, re-
presented by 10000 shares at $25 each.
The stock is already on the market, and is
meeting with the greatest success, enough
having been sold now to make the scheme an
assured triumph. We are not at liberty to
state where the mines are located, but suf-
fee it to say they are on what is Known as
THE HoMEsTAKE BELT.
and the nature of the ore SO closely resem-
bles that in the Homestake mine that only
an expert can distinguish the difference,
while in the matter of assays or prospects
ii will compare favorably with the best
mines in the Hills. The company has quiet
ly kept at work, and has secured a large tract
of land, together with water-right, which
is entirely free from litigation, as the whole
property was purchased from the original
locators. The mines can be worked as
cheaply as any in the country, as
the mill can be placed close to
the mines, and thus do away with
the cost of hauling. 1t is not necessary to
state that the mines are fully developed and
show up
LARGE BODIES OF ORE,
for that is an understood necessity in this
country. More especially is this the case
where the mine is to be worked for the pro fit
to be obtained from it, and not to sell
stock. In short time large mill will be
erected, and thus will be added another pow
erful factor in the development and progress
of our wealth producing region. The Pho
neer congratulates the company that it has
been able to secure the valuable property it
has, and has not the slightest hesitancY in
declaring that an era of prosperity awaits
it, beyond the most sanguine expectations of
its friends.