The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1883-06-06
JEFFERSON COUNTY.
The Future Influx Of Foreign
Capital for Investment In
Mining Property.
A Visit to the Famous Gregory
Mine and Smeiter-Oontem-
plated improvements.
Activity At Other Mines In the
District.
,oial correspondence of the MINER.

JEFFERSON CITY, June 2.
Since the railroad and mining
interests have become the great theme
upon which SO much has been said
and written of late, I concluded to
give your readers a few items id r.
gard to the latter industry, hoping
that a little information in relation to
the mining outlook in our section of
the country may be. of interest.
For the past fifteen or twenty years
the greater part Of the surplus capital
Of the United States. and much of
that of Europe, has been invested in
operating railroads in the United
States. Princely fortunes have been
accumulated by individuals and cor
porations in these great enterprises,
but to-day there is scarcely q district
in the United States in which q rail-
road would be profitable, that is not
reached by the great civilizer. These
monied kings, who have accumulated
princely fortunes in railroads and
other industries, will have to seek
other branches of business in which
to invest their surplus millions. The
profits of manufactures are too linn
tied. The demand for agricultural
produce is net sufficient to induce
capital to invest in that industry to
any considerable extent, and theOnly
field left for profitable Investment is
in the rich lodges of our Rocky
Mountain mines. The opportunities
for profitable Investment in mines
are simply unlimited, and the MIN
eral resources of our Rocky Noun
tain region inexhaustible, and unless
your humble servant is much mis-
taken, you will see in the near future
millions of dollars of Eastern and
European capital invested in our
mines. America has never had a
mining boom. The great mining
tidal wave is surely coming, aud I
am writing this Letter with the hope
that it may add a ripple to the great
mining flood that will soon be surg
ing over our Rocky Mountain region,
and particularly Montana.
While on q recent visit TO the
Gregory District, I found Mr.. Schol-
lars in charge Of the famous
GREGORY MNE
As foreman. Mr.. Scholars Is
a thorough practical miner,
of large and successful experience.
Since MI. Scholars took charge of
the Gregory mine he has been steadi-
ly sinking and running levels for the
purpose of developing the mine, and
stopping and hosting ores for re-
duction. The shaft has now attained
a depth of nearly 900 feet and work
is being prosecuted on the three,
four, five and six hundred foot
levels. In all of these levels . strong
vein of high grade galena ore is ex-
posed, proving the Gregory to be a
true fissure vein, and a valuable
mine. The company's smelling de-
partment is in charge o fProf. Messy,
q most competent man for that
branch of the business. l under
stand that the company anticipate
increasing their concentrating capac-
ity by erecting a ten stamp battery.
They also contemplate putting up
new hosting works when these inn
provements are made. It is expected
that the rOasters and smelters will
run steadily, and an immense
amount of bullion will be the result.
East of the Gregory are several To-
cations on the same vein, viz, the
Banner, Robin, Nelson, Monte Girls
to, Solo and Standard, all of which
have been sufficiently developed to
prove them valuable mines.
THE BANNER MINE,
is the properties of T. J. Lowery
and F. G.. Clark, of Helena. The
mine is tapped by two tunnels, six
hundred feet apart, at q depth of
about one hundred feet from the sur-
face. The lower tunnel is extended
along the vein three or four hundred
feet, exposing a body of ore from one
to three feet thick; assaying as high
$1oO to the ton. Levels are run each
way along the vein, from where
the upper tunnel strike is showing q
strong vein at good pre- This valua-
ble property is now in charge of Mr..
c., G. Anderson, who is timbering
| the tunnels and commencing Slopes,
preparatory to extensive operations
in the future.
BY THE WAY.
Charley Anderson is an old-time
Democrat; n OF our DoSC clIlZeus
and has become one of the indispen-
| sibles in our Jefferson county politics.
A Jefferson county Democratic con-
vention Without Charley as a men,
Der would be a very tame affair.
THE ROBBINS
is the property of Pete McClosky,
| joining the Banner on the east; has a
shaft t~ifty-eight feet deep; the bottom
of the shaft is in good ore, of the same
character as that of tha Gregory. l
have no doubt that when the mine is
thoroughly prospected, it will prove
a valuable property.
THE NELSON LODE.
10 an old location having been dis
| covered in ~. This mino is owned
by Nelson and Koenigsberger. Con-
siderable ore has been taken from