Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1886-03-09

Property Since It's Discovery-Of a
Yield Of About $685., 900, Over $780,
900 Has Been Clear Profit-TEa Mine
In Promising Condition, and Under
Very Excellent Management.
Yesterday morning Colonel G.. L.
Ravens, Superintendent of the Ida
hoan mine, of Bullion, divided &c.,
600 between the owners Of that mine,
making the 18th dividend declared
by him during the past eight months
When Colonel Ravens took charge
of the mine, last Jure, he found the
workings in fair condition, and the
jigs likewise; but there was little or
no machinery at the works, and what
appliances were there, were of the
most primitive description. He at
once set about procuring machinery,
and soon had 25 horse power boiler
and Is horse power hosting engine in
position. Being thus prepared for
effective work, he began extracting
ore continuously until last December,
when he found it necessary to purchase
and put into position 50 horse power
boiler and 20 horse power holster, also
one No. 5, one No. 4, one No. 8, and
two No. 2 pumps, with connections
complete. He a so procured 500 feet
Of 3-inoh stealA pipe, geo feet of 81
inch steam pipe, 700 feet of 2t.inch
water pipe; besides two new self
dumping skips, etc. He also erected
a new bunk house, having capacity for
so men, an addition 2Ox30 to the
clearinghouse, besides all addition
"a feet square TO the shaft house,
and one 20x36 to the jig building; a
team costing $3.50 was also added to
the mine property.
While all this heavy expense was
being incurred and paid, the mine was
yielding steadily and paying dividends
regularly. Some 100000 worth of
ore was thus extracted, out of which
$4,000 was divided as profit, besides
the $4,000 or $4,000 invested IN
machinery, etc, as above stated. In
actual weight and value the record
stands thus: Ore extracted during
the six months ending January /,
1886, 140S tons, which yielded 99,96S
ounces silver, and 1886, 40 lbs. lead.
During the six months ending June
30, 1885, the record stands: Quantity
extracted, 30 tons, which yielded
about $4,000 ounces silver and 2S7,-
400 lbs. lead.
1t is not the purpose Of this article
to laud Colonel Ravens; yet his man
agement has been so eminently sue
cessful, so creditable to the country,
that the TIMES could easily do so
were it so disposed. But this writer
prefers to let figures and facts speak
for themselves, as follows: During
the five years which elapsed from the
discovery of the mine to the time
when Colonel Ravens took charge the
ldahoan Yielded $4,000, Of which
$5l, GOO was divided as profits. Thi S
was about 20 per cent. of the output.
Under Colonel llavens' managere nt
(and although working below the
water-level at greater expels', than
when near the surtace) the dividends
amount to over 30 per cent. of the
output, besides large sum expended
in permanent improvements and sala-
bic property. Then too, Colonel ia-
vens only took about eight months
to do all of this, while the former
management was five years earning
$4,000.
''S '''S p"oe ' VA WV AUdiOdii
supplied $4,000 days work to employ
es. From present appearances at
the mine AMI mill, this rep >rter feels
safe in predicting that double that
number of days labor will be per-
formed there during the current year.
The Idahoan was formerly "chris-
tened" by ths riMsi "the banner
mine of Wood River" 1t lost this
title while the Parker bonanza was
being worked; but now that that is
exhausted, the Idahoan again assumes
its place of honor in the foremost
rank OF Wood River ore, producers, by
the side Of the Queen OF the Hills and
half-a dozen others.