, 1888-02-05
ENGLISH CAPITAL.
Mathieson & Co., London Capital
lists, Lease the Sunrise Mine.
Will Operate Near HartviIle for the
Next Five Years.
The New Company to Begin Opera
tions at Once.

'lOu III lIS aDllty 10 present It's readers
with a most welcome bit of news, particu-
larry agreeable Just at this time, although
anticipated. 1t is nothing more nor less
than a confirmation of the rumors con-
corning the reopening of the Sunrise mine
at Hartville, an occurrence phophesied in
these columns several months since.
Col. Babbitt, vice president of the
Wyoming Copper company, the organlza-
ton which operated ON such a large scale
in the Hartville district in 1888, and only
ceased its work on account of the democrat
izatlon Of the copper market, was inter
viewed by a LEADER representative yes
terday. The genial gentleman wa in fine
spirits. He had just received kilograms
announcing that a bargain made between
himself and an agent for Mathieson &
Co., great English bankers, had been rat
flied by the firm.
Negotiations looking to the reopening
Of the famous and rich Laramie county
copper mines have been pending for
months. Experts representing the Brit
ish capitalists have visited Hartville, in
spected the mines, assayed the ore, exam
ined the smelter and become convinced
that the property was even more desira-
bic than imagined by the most enthus-
iastic.
By the terms Of the contract between
the Wyoming Copper company and
| MothiaSon &, NJ .bo loeeoo, ,v;U -, -
the owners a royalty graded On the pre-
vailing prices of copper during the ensu-
ing five years. Mathieson Il Co. recently
invested 1913, 900, 900 in n Mexican enter
prise and are immensely wealthy.
The new copper company will COM
mence operations Immediately. The smell
ter is to be removed from Hartville to the
site of the Sunrise mine. The plant will
be greatly enlarged, thereby uecessitating
the employment Of an additional number
Of men. The new location for the smell
ter is about twelve miles from Cotton
wood, the terminus of the Cheyenne &
Northern railway, over which line the
supplies for the operation OF the smelter
and mine and the marketable metal will
be shipped Col. Rabbit assures THE
LEADER that ore will be smclted in the
HartviIlo district in the spring.
The operations of the Wyoming Cop
per company in 1888 will be remembered
by many Cheyenne people. The corpora
ton developed their property under many
Disadvantages, hauling with mule teams
coke, provisions and machinery from this
point and matte from Eartyillc to this
city. COntendiRg against many obstacles
the company realized handsomely on their
Investment and only suspended business
when the crash in copper came. During
the twelve months ore was treated l,000,-
600 pounds Of copper were sold. At that
time the employees Of the company num-
bcrCd about 100 men. Under the new
regime the attaches of the smelter will
greatly exceed this number.
While the English syndicate is taking
advantage of the misfortunes Of the own
ers of the burning Calumet and Hccla
mines the home company will not be idle.
Their property in the Hartyille district
includes several fine iron prospects. Spec
linens Of the ore have been assaycd by
Pittsburg experts and pronounced admir-
ably adapted to the manufacture of Besse.
mcr steel. 1t is more than probable that
these claims will be developed in the near
future, although nothing positive on the
subject can be stated at present.
1t is not visionary speculation to pre-
sumo that a spur will be constructed from
the terminus of the Cheyenne & Burling-
ton to the ~slueltcr, The construction of a
few miles Of railroad is a small matter to
a wealthy English syndicate. Besides
wagon transportation is too slow with cop.
per quoted at $1,000 in a steady market,
when a mine is only leased for five years.
Again, the Burlington < Missouri people
have surveyed a route which almost
touches the Sunrise.
The resumption of operations in Hart
vile means a great deal to Cheyenne,
Laramie county and the territory. 1t will
not only induce the development of mines
in other sections, but will attract the at
teution OF other outside capitalists.