, 1886-05-19
H COPPER KING.
The Adams Mining and Reduction
Company.
Two Millions of Stock Subscribed.
Home Capital and Home Labor.

great copper hing mine, oliver crown
district. OF the two millions of stock
subscribed, some is Iowa money, but the
greater part is Cheyenne capital.
The well known Denver firm. the Mich
OILS Manufacturing company, have taken
the contract for the erection of the new
and powerful concentration that is to be
put up on the Copper King at once. Mr..
}. X. Montgomery, one of the best and
favorably known builders in mining cir
eles, has arrived from Denver to take
charge of the work. Mr.. Montgomery
has probably built more stamp mills and
reduction works than any man in the
West.
A large supply Of provisions has been
forwarded to the Simmons ranch, and Mr..
Charles Petersen, one of Cheyenne's best
known master workmen, is directing the
laying Of the concentrator's foundations.
The mill will stand 6OxsO feet on the
ground, and will be automatic in every
department. The contract calls for all
the close saving, modern appliances.
Such will be the perfection ofthis method,
that a shift of two men can easily run this
mill. The mill capacity will be forty tons
per day, with arrangements for such in
creases as the development will Justify.
The Adams Mining Reduction company,
has through individual ownership, control
over much valuable property adjacent to
the Copper King, thus practically invest
ing a large additional amount of home
capital in the enterprise and giving further
strong guarantee of success. One of these
valuable properties adioins the Copper
King, and has a breadth of 100 feet, con
tlnuous ore. The ore body of the Copper
King itself is The main shaft
is IA feet in depth. At a depth of 1872
feet is the second level. The ore supply
OF this level is apparently in%exhaustible,
and from it will be drawn the masses to
feed the concentrator. The western drift
of the level penetrates sixty feet, the
northern drift sixty feet, and the south.
ern drift twenty five feet. Twenty feet
from the main shaft, in the northern
drift, is a Wine eighteen feet deep. The
vast opening of the level is one mass Of
ore, and calculation fails to approximate
its extent. By the concentrating method
to be employed, this immense body of
low grade ore can be thoroughly worked
and every atom Of Its gold and silver bear
ings be secured. The very nature Of the
operation concentrates the value and re-
iects the refuse.
Prof. Aughey made an exhaustive re-
port of the Copper King two years ago,
which places it far above many of the
leading mines of the country, now worked
at a profit. Mr.. Aughey's knowledge of
his profession is second to none, and his
opinions are deferentially listened to by
such men as freadwell, Waterbury, Selle
man and Price, while he enjoyed the full
confidence Of the great Agassiz.
The vast ore bed of the Copper King
has attracted attention abroad as well as at
home. 1t has forced its way across the
broad Atlantic, and made its name ia
miliar in the capitals of the old world, and
is recognized as one of the greatest pros
pective properties. Should this immense
low grade deposit, when it comes to be
actively treated, yield 10 per cent
profit. it would be a source of
incalculable value to the section
in which it is located. Ninety per cent of
the investment would be distributed
among the laboring and business classes,
while in a high grade mine the conditions
would be reversed. The 80 per cent
profit would 90 in dividends to the stock
holders, while the 10 per cent expense
rate only would accrue to the benefit of
the community at large.
The great Atlantic copper mine Of the
Lake Superior region, with the lowest
grade ore in the world that pays, offers a
fair illustration of the profit to be extract
ed from quantity. In 1888 this mine pro
duced 2,6s2, 1917 pounds of ingot copper,
under the concentrating process to be used
on the ores Of the Copper King. The
average value OF the ore was 81 per ton,
the cost of milling was $l.77 per ton; and
yet the company's dividend for that year
reached Sol, s23. With at least as large
an ore bed as that of the Atlantic mine,
the ore OF the Copper King is valued at
Sl5 per ton, and the cost of working it
should not exceed the expense rate of the
Atlantic.
-Four years ago Mr.. James Adams dis.
covered the Copper King mine. Convinced
of its great value he sought capital to aid
in its development. The selection made
was unfortunate, and he became associated
with men who failed to furnish the money
necessary for the accomplishment OF the
object in view. Several years passed in
vexatious delays and hampered action.
Recently. however. he has succeeded in
securing the withdrawal of his former as
s%ociates, and on the transfer of their in
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