St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-14
EMlGRANT GULCH.
The Cone Placer Mining Company Re-
newing Its Fame.

The Cone company is now ready to move
in 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
will 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 stockholders will
be the happiest men in the country before
he snow of another winter whitens the
valleys-that is to say, when they shall make
their first cleanup; 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 ahoat in mining circles
that strong company will soon be employ
ing working forces on the rich quartz veins
that cross Emigrant Gulch above the Cone
companys 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 V. G. Hush's bank, at Mfnneap
oils, for the payment of dividends on shares
of the capital stock now sold, thus making
the above company now on sound paying
basis, with the richest ground yet to work,
which will yield an output Of $3.50 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 Emf
grant gulch, Gallatin county, Montana, the
richest in the world, and only three and q
half miles from Fridly's station, on the Park
Branch railroad, the only mines where visi-
tors can witness the work of mining gold
carried on, on the line of the Northern Paci-
fic railroad. The capitalization of this aom
pany's stock shares is 5000, 900, the par value
of each share being &c. now sold at 50 per
share. Only 5000 shares have been offered
tor sale at s. per share, each share being I'M
assessable 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 a 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 a bonded officer. The mines
will be worked by the hydraulic process and
be made to yield between 81, 900 and 50, 600
per day. Those wanting to place their money
where the largest results will be obtained
would do well to look into this matter and do
so at once if they wish to get the shares at
So each. When the gold is being taken out in
large quantities the capital stock will take a
10, hot ba iytI
To the poor man, yonng 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
address Geo. B. Hall, secretary and treasurer,
222 Nicollet avenue, room 2, over First Ma
tional bank, and V. G. Hush's bank, Mime
apolis, Mimi.
The quality of gold produced tby 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 Co., 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 they will make the
same finds which will still make larger divi-
dends to the stockholders, as the precious
colors are taken from their long hiding
place and shipped in sacks to V. G. Hush's
bank, where the dividends will be paid.
Should the Ceur d'Alene excitement
prove disappolnting-as many apprehend
and predict old Emigrant, will not fail to re
inspire confidence in our northern gold
mines. The Upper Yellowstone is now the
rising star in the sky of mining enterprises,
and no mistake