The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-10-11
THE MOUNTAIN CONSOLIDATED
A Stock Company on q Square
Business Basis.

We take pleasure in referring to-day to the
recent organization Of the Mountain Console
dated Mining Company, because it will widen
tho mining industry, develop properties that
have yielded handsomely to the water line,
and because that it 10 organized on .
plan that l. judicious and willoperate credit
ably on the businers methods of this region.
pany are the Mountain, Bu,u nett, Buffalo II
lIovilIe lodes, tile various owners putting in
their property At a pro rata valuation and
deciding to the new organization. The ct Ill
pany has been formed for The purpose Of
mining, and nos wi,hTa'y collateral REV of
putting money into the pockets Of the origi-
nal owners through sales Of stock. The cap
ital stock 10 100000 shares, Of which the orig
inal owl ers are to retain Ons-half, and . syn
dica,e Of wealthy New York Capitalists are
10 take the other half wheu they shall have
put up 100000 for sinking . shaft TO a cer-
tain depth and putting up hosting works.
They have already placed TO the credit OF the
local management the sum Of $25,0OO to COM
msncs operations. As q guarantee that the
organization means business the stock a'lot-
tod 70 the original srs will not he delN
cred TO them until the vhole 100000 shall
have been expended, SO that they will not be
In . position 10 throw 1t on the market ~ The
aesriment Of tie syndicate that furnishes the
money. Tie syndicate are 10 have the ex-
| elusive right to the sale Of stock until the
full amount Of the working capital shall have
been paid in, when it Will take The half be
longing to II, aud the other half will be is
sned to the original owners, aud tie whole
stock become common aud marketable. The
| plan must conmssd isself 20 business men as
snlsng The best schsnss that eau be devised
for The development OF mining properties, and
In most favorable csntrAst with any scheme
that goes Oil the basis VI making purchasers
Of stock pay for the properly purchased, while
tho control and ownership Of the property
really vests in the operators. The plan uson
which this company is organized is the work
Of lrof. J. K. Clayton, = man Of wide expe-
risnce in mines and their management.
The names Of the directors aud officers of
the Mountain Consolidated Mining Compa.
ny are published in another place. Wo.k
will be commenced to-msrrsw III grading for
the shaft aud hosting works, which will be
put In place as soon as it can be done. The
reason that iIapelled the consolidation OF these
mining properties Vas that, Oh account Of
their proximity, pu'uping from one would
necessarily dry the others. Tn Mountain
lode 10 a fine silvsr-bearing copper lode which
was long ago worked 10 the water line, and
the Burnett furnished a large amount OF
good ore to Asssrs. Clark & Ralnsford while
shey were owners of the Centennial mill.
These mines are located about midway be-
tween Butte and Walkerville. The work
that the new company will i%nauSurate will
be q valuable increment to the inning indus.
try of this region, and IS = departure in the
line Of Incorporation with II serious view to
the busine S is to DO commenced aud taken
as a guide for future interpretations. The
New York syndicate will place funds to the
credit of the local directory As fast as it may
be needed TO push the work.