The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-01-04
THE MOULTON.
An Enterprise that Will
Add Wealth and Fame
to the District.
An SOO-FOot Shaft Started and a
4O-Stamp Mill to be Built.

HO.SVStAAlp MILL w w A1uAAU.
On Thursday, December End, the
articles of incorporation of the Moulton
Mining Company were filed in the Pro-
bate Court at Salt Lake City, and with
the Secretary of that Territory. The
company was organized to carry on the
business of mining and milling in this
district, and its property consists of the
Moulton mine. The stock is capitalized
at $40, OOO, 900, divided into 400, 900 shares
having a par value of $25 each. The
officers of the company are President,
w. A. Clark, Butte; Vice-President,
Gov. E. H. Murray, Salt Lake Assis-
tant Secretary, w. L. Bretherton, Salt
Lake Treasurer, Jas. r. Clark, Butte;
Directors, Joseph X. Clark. Alex. j.
Johnston, w. L. Stouffer, Butte; Allen
G. Campbell, w. H. H. Bowers, Salt
Lake. Superintendent, Prot. j. E.
Clayton Foreman, Patrick Clark.
Mr.. w. A. Clark, President of the
Company, retains a sufficient amount of
tllc StOCh W Sl\C ILL IL SolltlolIlhS III
terest. Among the other heavy stock
holders may be mentioned Norvin
Green, President of the Western Union
Telegraph Company, Allen G. Campbell,
Treasurer of the Horn Silver Mining
Company, of Utah, Griffith & Wedge,
of Ohio, and a number of other cool
headed capitalists, whose connection
with thecompany isaguaranty ofhonor-
able dealing and an assuranceth that money
will not be lacking to push the enter
prise to a successful. issue. The agree
ment made between the company and
Mr.. w. A. Clark, the former owner of
the properly, is to this effect: That in
consideration of a certain proportion of
the stock, the outside promoters of the
enterprise shall sink II vertical three
compartment shaft to a depth of 800
feet, December the 1st, 1881, being fixed
as the date within which the shaft must
reach adepth of 500 feet, the remaining
800 feet to be sunk by May 1st of the
year following. The most improved
modern appliances for sinking, such as
Cornish pumps, air drills, ETC., are stipu-
lated to be imported to carry on the
work. 1t is further agreed that a 40
stamp mill shall be constructed and be in
readiness to begin operations by October
LIST, 1881. 1t will contain two latest
improved Howell chlorodizing furnaces
60 inches in diameter, and will be fitted
up with revolving dryers and everything
needed to render it perfect in every
respect.
The expenditure required by Mr.
Clark of the other incOrpOratOrs aggre
gates $250,0OO, and, as an evidence that
they mean business, it may be stated
that they have deposited $4,000 in New
b York to the credit of Mr.. Clark. Thu
) remaining $500, 900 will be Forthcoming
: as fast as required, of which fact thu
} solid financial standing of the company
is an all-sufficient assurance. A limited
: amount of stock has been placed on thu
f market at bed rock price to raise a work
r ing fund. 1t is being very generally
subscribed for, but whether it is all sole
r OF not it will make no difference to tn,
stockholders, who will themselves TAX
up what is not disposed of, so that il
f any event the shaft will be sunk and tn,
e mill built as stipulated.
r Concerning the mining property O
r the company, it is necessary to give bu
a brief description. The MOulton is
l full claim, patented and adjsins tn
e Alice on the west. Up to the presen
e timeno extended developments nave bee
e made on themine, Mr.. Clark preferrin'
to ascertain the nature of the %discoverie
e in the lower levels of the Alice befor
mourning any heavy expenses, as h
was firmly convinced that the Moultol
. ledge is identical in character with tn
e Alice, of which beyond the slightes
doubt it is an extension. The Alice veil
has opened up magnificently in tn
d lower workings, and in the west levels
especially, the ore is rich and abundant
so that there is a moral certainty q
t striking the same ore bodies in tn
o Moulton at the same depth.
Encouraged by the outlook, therefore
|, the Moulton Company has begun tn
sinking ofthe three-compartment shat,
with all possible energy. Three shift
of men are employed to carry on tn
s work of sinking, and a depth of 80 fee
e has already been attained. 1t is nc
considered probable that water will b