St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-06
MINNESOTA CAPITAL IN MINES.
Mr. Il. II. CG,.ppn'er r turns J'ro'n SilreI'
City and Tells ar the Operations
TEsrP.

Mr.. H ". Ca,,peIi'er. r turns J'ro,p Silrer
Cftr aud Tells ar the Operations
There.
Capital in Minneapolis and St Paul espe-
eialy. and the people Of both cities generally,
will be interested in the silver mining in
Vestments al Silver City, New Mexico, the
more so in view OF the excitement created BY
some Of the reports from there, which, after
the grossest exaggeration, were circulated
here. One Of these was that a carload Of ore
sent to Denver was worth Sl43. 600, when the
fact was the load uetted 81, 500. The mis-
take arose from confoundirg the value Of the
carload with the value of ton. The result
may be easily anticipated. Public fancy
went wild, and many eyes and much capital
were directed to the unknown locality where
it was commonly supposed .ae great masses
OF pure silver might be had for the simple
asking or finding.
Mr.. H. ". Carpenter has just returned
from Silver City, and the GLOBE, finding him
IN his NicOllet avenue Office yesterday, hcd
an Interesting conversation with
him on the business Of the
Solid Silver Mining company, the
capital Of which was drawn from this city
and St. Paul, very largely. Mr.. Carpenter
Is very Conservative in his views, or rather
his expression Of them, and said be did not
wish TO say anything that would mislead
capital and induce speculation. Il have
just returned from Silver City," said be,
land am extremely hopeful Of the outcome
OF the mines. Oar mines are located al
Black Hawk the new post Office short dis
lance from Silver City, where We hate the
necessary hosting machinery as well as roll
4 " j Ffaf.s
to Denver, where it is reduced to silver
bricks" the company has just had an
election, resulting as follows:
Directors Freeman Woodford, Milwaukee:
Il. ii. Rich, Black Hawk II. N. Carpenter and
I. Il, Prior. Minneapolis, and r. Z, Wellington,
Black Hawk The board organized as follows:
President, Freeman Woodford; vice president,
H. Il. Rich; secretary, Il. u. carpenter; treas
c. II. Prior.
The mines are now down to depth Of 500
Ieet and have reached solid body Of ore
which Mr. Carpenter says will be worked
FOR all It Is worth. From four hun
lred ana five hundred feet levels.
.hey viii slope upward through this
are which seems more permanent and val
liable thaA any that has vet been struck
The moneyto be expended this summon will
to carry tue work downward as long as
he vein holds out, though it sd ould be 900
feet. And this, Mr. Carpent er says, will be
the programme of future action.
''Wnat does the ore assayt"
"All the way from So up to 81, POO a
Ton. | should think Sl20 would be a good
and fair average to put it. We took out a
ear loBd that Noted US Just SOS 900 aud then
some others run away down. Whether there
IL any money n this, depends on jus. what the
work costs. We have spent a great deal in
drifting about this great body, but think We
now have "A sure thing. l don't want 10 be
quoted as booming this concern, as 50 many
unreliable reports concerning il have been
set aGOat. People get their ideas mixed up
and quote tons, in values, for car loads, set
ting people crazy FOR nothing"
You are hopeful, thenf"
yes, l am. II matters run along in this
way, We shall be able to declare a dividend
In i few months"