The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1882-01-22
CHEYENNE, WYo.,
January 2lst,, 1882,

Of an enterprise that in connection with
Major Elderkin, U. s. army, Mr.. Mast
and Mr.. Dial, of Cheyenne, 1 am at
present engaged in.
For the information of the many
friends of the parties named, and In re-
ply to the numerous inquiries and notes
received, 1 deem 1t advisable TO write
al article in relation to the Table
Mountain mining company of Wyo-
ming, lately organized in the city.
Last July Major Elderkin and myself
heard of an excellent mining property
for sale in the vicinity of Table Noun
tam, and In company with Mr.. Mast,
we visited the locality named, inspected
the claims and purchased the property
from the owner, John Dial.
The property consisted of four min
ing claims, with quartz loads on each
claim partially developed, and exposing
well defined veins from three to nine
feet In width.
Professor Stanton, territorial geolo-
gist, visited the property early in Octo-
Der, in company with the writer and
spoke in very favorable terms of the
future prospects.
Professors Aughey and jerks visited
the claims m inspected the leads,
their opinions were exceedingly favor
able, and each recommended and ad-
vised the sinking of shafts on the differ
ent claims from fifty to one hundred
feet and more. Professor Aughey, of
the Nebraska university stated to me
that he considered We had when prop
erly developed, a line property, and ex-
pressed his opinion in the following
words: From the geological torma-
lions of the surrounding mountains,
aud the character and indications of
the leads in sight, no better prospect of
a rich mineral region exists within the
state of Colorado, than your present To-
cation at Table Mountain"
The professor made two assays from
two leads. finding in one Sl9. 80 to the
ton In gold and some silver, in the other
s $40 in gold and somes silver to the ton.
The claim producing S19. 80, we at
once applied for a U. s.. patent, it is
named the Cloyette.
We purchased another claim, partly
developed, and named 1t the Magic City;
1t is an extension of the Idonia claim.
To procure capital, we formed u
stock company, sent Professor Stanton
to Table Mountain to make a report on
the different claims, had prepared a
prospectus, certificates of stock and IA
map of our claims and vicinity, aud on
the 23rd of December, filed articles of
Incorporation with the territorial secre-
tary, the company to be named the
Table Mountain mining company of
Wyoming.
The stock consists of 60, 900 shares,
10000 shares to be used as working cap
ital, and sold for that purpose only.
The 10000 shares represent five dis
tinct claims partly developed, each one
indicating a rich return for capital ex-
pended.
The shares ara tn he so,d at not Lace
Than 10 ner cent of tbeir mar va,,a or AZ
per share.
The stock ia IN he forever ron..ssass
able. the amount set asids 40 600
shares, being all sufficient for present
aud future working purposes.
There are no n,iJ omc.rs or omce ex-
penses mill nrosneri,v "a oecrrod
No sroct viii be sofa h,t tho ,vor,,,,n
~ "oihinp
caplt'i' the balance OF STOCK, 3,ooo
shares, are held by the original owners,
and they depend on their future success
when the miuers raach n navin, hasi
I'D ,.an |'
Wv '"eJ ui"" 'uelt PioPoFIloh Vi ulVl-
denus when divided.
All work will be performed under
authority sunerintendad bv an abla on
oi,aar, o,ah ,..,,o.,a III .I-
adharad 20 - ~ ~" In ~
torad it, hr ,ha oomnanm
Tt,a nra.on, amaar~
fesI comnotont ond COM, - -
ord aavsloninn ,ha nro,o.,. =, 80
,,mp.nv than ,ow ,a,,.o -. IN
copt,nre 70 con,roI hv ho,,inr 49, h.I
anca of stock FOR Tho, nnrnnse
Tho comnanv nm to tho rrooo,, a,.o
,,, uooo,na5 -, -
from ,ha oi,;zan. - Cnesoa"e ~
tho,sond do,,ars ,,or,h 80 anaras."S
oo,d r. dato Tho foI,ow;nn $50,
,,auan ha,;nn .rh.or,haao