St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-10
EMIGRANT GULCH.
The Cone Placer Mining Company Re-
newing Its Fame.

The Cone company is now ready to move
Ill earnest, and the precious dust will soon be
pouring out of old Emigrant in larger guam
titles than ever before. The order for the
necessary machinery has gone on to the com
pany's office in Minneapolis, and there will
be no delay in making the purchases and
shipment Probably the required open cut
in excavating which we have no doubt. from
what We have heard of the richness of the
ground, a good showing of gold will
be made will be completed by the
first of July, when the gravel banks
viii tumble and give up their wealth
under powerful hydraulic pressure.
Work will be pushed night and day
until the ground is brought into producing
condition. We predict that the Cone stock
holders will be the happiest men in the coun-
try before the snow of another winter whitens
the valleys-that is to say, when they shall
make their first clean up; and then, too, they
will be the most hopeful, in view of what the
future Will certainly hold in store for them.
Then the report is afoat in mining circles
that strong company will soon be employ
ing working forces on the rich quartz veins
that cross Enigrant Gulch above the Cone
company's claims.
In addition to the above, the Cone Placer
Mining company states that gold is now be-
ing taken out of the ground, which will be
placed in Y. G. Hushs bank, at Minneap-
| oils, for the payment of dividends on shares
| of the capital stock now sold, thus making
the above company now on a sound paying
basis, with the richest ground vet to work.
which will yield an output Of S2.5 per cubic
yard, from grass roots TO bed rock, averaging
thirty feet deep. The mines consist of forty
acres of gravel, lying in the mouth of Emil
grant gulch, Gallatin county, Montana, the
richest in the world, and only three and
a half miles from Fridly's station, on the
Park Branch railroad, the only mines where
visitors can witness the work of mining gold
carried on, on the line of the Northern Paci
lie railroad. The capitalization OF this com
pany's stock shares is $500, 000, the par
| value of each share being SO, now sold at
So per share. Only 5000 shares have been
offered for sale at So per share. each share
being unassessable and sold for working
capital A large number of these shares
have already been purchased. Mr.. Walter
Cooper, OF Bozeman, is president of the
company He is 4 merchant of reliability,
also president of the board of trade of BOze-
man. The treasurer and secretary of the COM
pany, is Mr.. George B. Hall, of Minneapolis.
Mimi, who is Il bonded officer. The mines
viii be worked by the hydraulic process and
be made to yield between $1,000 and 81, coo
per day. Those wanting to place their money
where the largest results viii be obtained
would do well to look into this matter and do
so at once if they wish to get the shares at
50 each When the gold is being taken out in
large quantities the capital stock will take
rise TO par, and that will be within sixty days
To the poor man, young men, women, and
the rich man, here is an opportunity now
offered to invest your money where you can
realize larger dividends than in any other
enterprise ever before offered. For full in
formation and capital stock shares call or adj
dress, Geo. b. Hail. Secretary and Treasurer,
222 Nicollet avenue, room 2, over First Ma
tional bank, and V. G.. Hush's bank, Mime
apolis, Alinn.
The quality Of gold, produced by the mines
OF the above company is what is known as
coarse gold, and sells for $40 per ounce at
the mint. In the adjoining claim to the
Cone company, nuggets have been found in
the old pay streak that are worth as high as
$3.50 each, and when the Cone company
reach this pay streak theyw make the same
finds which will still make larger dividends
to the stockholders as the precious colors are
taken from their long hiding place and ship
ped in sacks to V. 6. Hushs bank, where
the dividends will be paid
Should the CGur d'Alene excitement prove
disappointing-as many apprehcnd and pre-
dict old Emigrant, will not fail to reinspire
confidence in our northern gold mines. The
Upper Yellowstone is now the rising star in
the sky of mining enterprises, and no mis-
take.