Morning journal and courier., 1883-09-27
Snrurnd suA Gauritr.
Thursday. september 27, 1883.
NewHaven Mems Luck.


 The siIverton Silver and Bismuth Mine
 Later Facts About the HAeA0 oA OAN
 and the Prospects.
 Among the New Haven men interested m the silver and bismuth mine situated near sIIyerton. San Juan county, Colorado, which has turned out to be also gold mine, are Rev. I. O. Mcserve, pastor of the Davenport Congregational church; A. A. Kellogg, the eunsnith, and his brother c. W. Kellogg :; E. H. Brown, of Peck q Brown F. B. Brooks, of Stevens Brooks, matters; Harry Hendryx, brother of A. B. Hendryx, the bird cage manufacturer; A. E. Hotchk1ss' the inventor, and perhaps few others. There are but five or six stockholders in the company outside of this State. The mine was first made known to New Haven men py Mir. Miller, formerly of Walfingford, and well known to many of our citizens, who had faith in it and through whose informatlon concerning it the investments were made Re- ports that gold had been struck wasa surprise to the investors who did not dream of its proving mine of gold, but were satisfied with it as silver and bismuth mine of real value, as the practical working of it had de- termined. The. first news that gold had been struck came in letter from friend in nc wise financially interested in the mine, whc sent the gold lode and the gold taken out oi 1t. The mine has been open only few months. It is owned by the Colorado Silver and Bismuth Mining and Smelling company of which Dr. Edward Fowler, of Cleveland O., is president and Prof. Theodore Stahl of the same place, superintendent. There are 100 stockholders The stock was never put on the market or advertised, but wal sold privately at $1.5O per share to the present owners. The nominal capital stock If sessable. The reports concerning thu probable yield of gold indicate tha the stockholders have struck bonanza The people of Silverton are naturally mucE elated over the discovery and the rates oi house rents are increased. A letter from MT Miller to NIT. Brown, of this city, states: 'sWe have struck gold mine instead of { greatest strike in San Juan county evel known. We have a two foot vein of gold bearing quartz running up into the thou sands pen ton, and each side of that we have a vein foot wide and sulphuret carrying both gold and silver and running up into tho hundreds per ton.'
 In an interview with MT. A. A. Kellogg we learn additional as follows: Mining IS gen orally very uncertain business, and at present we do not know how profitable this gold lode will prove. have not seen the Slvertor papers, but understand they say that mining experts and old miners agree that it promises to be the best mine in Colorado. This gold vein does not, however, affect the silver and bismuth product, which is regular business enterprise, and we hope of course it will prove profitable. But the world was moi made in day, and it will take time to de velop this mine. So far as know, the own CTS expect profits, u any, to come from the mine and not from speculation in stock. presume there is none in the market One of the SiIverton papers has devoted large space to the description of this property"