St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-25
A RICH MAN WHO rs POOR.
Aaron Levy Owner of a Gold Mine
and Yet Very Poor.
His Fare Once Paid By Minneapolis
tan and What Came oft.

One of the interesting and gigantic move
inents in legitimate money making now on
foot IN st. Paul and Minneapolis has; come
to the ears of GLOBE reporter and fur
nishes good story. 1t is curious anomaly
to own gold mine, and a good one at that,
and at the same time be poor, but tAatin-
dividual so blessed, or cursed, is now in st.
Paul. He is Jew, Aaron Levy by name
and his home is in Denver, Col, that land
OF gold mines, where he was formerly en-
gagged in business. Like others in that
country he staked out his claim in the gold
regions with the Notwithstanding hope of
striking it, RICH" Hard luck pur-
sued him in business and he
was forced to the wall, making an
assignment for the benefit of his creditors
without preference, and so excellent was
his reputation fol honesty and justice that
even after turning over everything he
owned to satisfy his creditors, he readily,
obtained money from the bank Oh his r4own
surety. This incidentally as an index to
the mans character. Meanwhile he turned
his whole energy toward developing the
mine. Three shafts had been sunk, one
drift of 200 feet in length made and a tun-
mel into the side of the mountain to afford
within. Samples of ore sufficient to make
any mans fingers itch when reading the as
says, were taken out, when one dark night
fire destroyed all the buildings, Shafting
and machinery. and the owner was a
pauper in everything except his energy.
Money, and money only, would deyelope
his mine, in which he knew lay an .,enerm-
Gus quantity Of gold awaiting the blast,
the pick, the mill and the die One day
while travelling by rail, having expended
his last dollar for ticket. he found himself
in the embarrassing situation ofshaving
lost HE ticket, a misfortune which he only
discovered when it was called for by the
the conductor. What to ~ do he
knew not and explained his
position to the incredulous conductor, and
who ever heard of railroad conductor to
believe tale like this? The story was
overheard by passenger, Minneapolis
gentleman who happened to be in. the
West, and who out of his bountiful purse
paid the old gentleman's fare. This money
paid for the passage OF an entire stranger
far from home is turning out. the best III
vestment ~:
THE MINNEAPOLIS MAN,
F. B. Lane, ever made in his life, for. out
gratitude Levy disclosed his mining plans.
erty. the employment of a competent as
sayist, from the result of whose analysis
the neW-found friend became enthusiastic
over the resources of the mine and Offered
to be one of those who would expend money
to develop it. The assayist, who was none
other than Prof. P. j. Schuman of Denver
made an elaborate and exhaustive examina-
| ton OF the mine and aSSayed eleven Speci-
mems of the ore, which he found ranged in
value from S25 to S., 900 per ton and the
very best ore has purposely not been in
| Guided. He estimated that in the present
condition of the mine there was 1926, 900
in gold in sight. The man Levy was stag
| gered at this proof of his wealth just out of
reach. and he took st. Paul gentleman,
an old friend, DR.. l. l.. a,Mahan
| into his confidence. The. latter
was interested, visited Colorado, and
found as had the Minneapolis man that it
! was all true, and Immediately laid plans
! for the development of the NINE The
! three organized mining company, not like
the usual companies for the purpose of sell
ing the stock. but to make money for them
selves by developing the mine. To guard
| the whole property and protect each other
all the deeds to the mining property, which
| is one of those in Boulder county, together
with the certificates of each, were deposited
in escrow in Minneapolis bank, there to
| remain until dividend is declared which
| is expected to be before the end of 1886.
| Meantime Levy is poor. being in the eX-
ceedlngly anomalous position of owning a
| gold mine with 1925, 900 worth of ore ac-
| tually i'll sight, with not dollar that he
can call his Own for practical purposes, and
not likely to have for some time to come.