Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1881-02-05

The Boston Gold and Silver Mining Co.
The success Of this company is now fully
assured. The consolidation of the many diff
ferent claims has been accomplished. The
development work has been prosecuted ener
getically, economically and with intelligence
The mines are on producing, self-sustain-
ing basis, and only wait milling facilities of a
capacity corresponding with the output of the
ore, to become divdend-paying. The stock
commands steady and gradually appreciat-
ing price on the board, and the buyers large
lv outnumber the sellers. Messrs. Golf.
Hastings Co., the cOmpany's financial
agents. have displayed commendable energy
and ability in its management, and have
fought for and won an honorable triumph dur
ing period of great depression in mining az
fairs. The success of this company having
been achieved to the satisfaction of those in
terested and to the credit of the mining in
dustry, other enterprises of like character be-
came possible, enlarged experience serving
to round the corners aud smooth the road of
future enterprises. The question then pre-
scented itself whether they would bring for
ward other consultations, organize new COM
panies. and divide their energies among the
different undertakings, or, planting them
selves upon their first great venture, the Bos
ton Gold and Silver Mining Company concen-
trate their energies upon the one scheme and
make it the leading mining company of
America. Several of the gentlemen connect
ed with the company have been in times past
iden.if ed with railroad schemes of considera-
BILE magnitude, and more familiar with the
great railroad consultations and combine
tons of the last quarter of n century. They
could see that the same plan of absorption
that had proved successful in railroad man.
agements would prove equally successful in
mil (,rppf cnuld
swallow up little ones with benefit to both.
They resolved, therefore. that the Boston
Gold ard Silver Mining Company, already
the owner of groups of rich mines. in number
sufficient for a half dozen of the ordinary
companies of the day, should inaugIrate the
absorption policy and purchase and control
other great mines in different parts OF the
State The plan was feasible. practical, SEN
sible. and the intelligent management at once
took the initial step in carrying it out. The
| first movement was 20 secure the cooperation
of Colonel X. W. Thyng. one of the oldest.
most experienced and successful mining men
| of Colorado. who had accumulated large
fortune in legitimate mining enterprises. and
whose record for honesty, integrity and abili-
~ was unquestioned. The Colonel entered
into the scheme with his accustomed energy.
and backed his labor with large amount of
money. which lie invested in the stock
of the company. He is to be made vice.
| president of the company and managing di-
rector in the field of one of the new enter
prises. Colonel Ware has already shown his
ability az a manager. the success OF the Bos-
ton Gold and Silver and the Breckenridge
Smelling companies being in degree due to
his efficient superintendency. The plan of
| one great company with two such managers
| in the field is certainly more sensible than a
half-dozcn companies with one superintendent
to direct the development of all their practI-
| cal work. as has been the custom heretofore.
Mr.. Edward Ii. Golf will continue in the
presidency the board of directors being fully
satisfied with the past ability displayed by
him. He possesses the intelligence, GOODNESS
and energy requisite in the head of an execu-
| tive body, and has earned the confidence
alike of the gentlemen with whom he Is asso
ciaied in the management and the public
Since the absorption and enlargement policy
was adopted several properties have been I'M
der consider alton. with the view of adding
them to the list of the Boston Gold and Silver
COMMANDS mines, and Mcssrs. Golf and
Thvng will 90 ont to Colorado next week to
| make a personal examination of the proper
ties offered, and also 10 carefully inspect the
mines now owned and being worked by the
company. They will be gone several weeks,
and will look the State over as far as permit
| ted by snow and lack of transportation Dos
| ton idrerfiser.