The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-08-01
HANK MoRGAN's RICH FIND.
How He Discovered the Sylvanite and
Sold 1t for Half a Million.
From the NeU York Graphite.

SOLD II Tor Hall a Million.
From the New York Graphic.
A man with big watch and chain, an
ill-titting suit of new store clothes and u
sloutch hat walked into the corridor of the
st. James hotel yesterday He looked like
a cattle drover, and he had the air Of man
who might know good deal about the
price of beef. Lyman Robbins of Leadville,
Mart Slater of Denver and Bill Ca upbell of
Idaho, were off in corner of the corridor
swapping stories on one of the lounges when
the stranger entered, and they did not notice
him until he had ST. uttied his way towards
the door of the cafe. Then all of them rose
at once.
That's Hank Morgan, as I'm sinner"
said the Idaho man, and the three hurried
after him into the barroom.
Know Hank Morgan~ said Slater, as
the four moved toward an Joining table
after shaking hands all around. well, |
should smile. / have had reason to
know him; haveA't |, Hanks"
That there's a kind of a conundrum,
Mart answered the newcomer, but you
never lost very much by my acquaintance,
did your
"Only big fortune, that's all, and you
may call that not much if you like"
The four men laughed, the bell was tapped,
and when the waiter walked away Mart
Slater told the story OF his acquaintance
with Hank Morgan and its results.
"Sone years ago | was q tramp miner
with pick and shovel, pan and sieve. So was
Hank. He had no money and neither had
|. We were both in California and not a
man we knew would grub stake us any long
er. We were dead broke and our credit
was ali gone. How we ever got over to
Colorado need not be told, but one morning
we reached there, and found Tim Foley
keeping a store at California Gulch, not far
from where the city hall is in Leadville
now He grub staked us and we st 4rted out
prospecting. We had long weary tramp.
Over among the foothills of Gunnison,
about six miles north from Gothic and in
the Elk mountain mining district, we
stumbled upon an old hole that had evident
ly been worked some time previous. We
located our stakes and started into work.
After couple of days it panned out sutii-
Gent to reward us fairly we'll, and we gath
cred in for some time enough to keep paying
Foley the couple of hundred per cent. inte-
rest and little of the principal we owed
him, for Tim had declined to 60 in on shares
with us.
lone day had been down at Crested
Butte for supplies, and when l came back
found Hank filling in an old hole that he
had been prospecting. He said there were
no signs of ore in it, and he wanted to top
it up and have it out of the way. Hank
never did any extra work he could avoid,
and so his action seemed little strange to
me, but it passed out Of my mind, and we
went on as usual for few days.
"Then began to notice that Hank was
restless and talked about pulling up stakes
and moving on, and that is what we finally
did We went back to Leadville, and Hank
so IN fell in with Charley Gallagher, who
had just sold out his mining interest in the
Argentine mining company for cool $780,
600, and had most of the money yet. | don't
k now how it happened, but Hank and
drifted apart and in about year afterwards
! came east, having luckily made a com
Portable stake for myself in the meantime.
II was down in Wall street about three
months ago and ran across an old mining
friend with whom l used to do considerable
business, and he asked me if had ever been
in the Elk mountain neighborhood. OF
course l said had, and then he took me
over to his office and laid out before me the
maps and prospectus of big concern called
the Sylvanite mining and milling company.
1t was capitAlized for So 200, coo and Norvin
Green, the Western Union telegraph man,
was the president"
"There was something about that Sylvia
mite mine that struck me as familiar. The
moment / saw the maps | was still more
had dawned upon me, and getting away
from my friend the best way | could, l
put on my considering cap and sat down
to think. That Sylvanite mine was right
on the spot where Hank and |, ragged and
hungry, and poverty stricken, had started
to work together How was it we had
missed our opportunity.
Then the mining mans tale to me in
Wall street rang i'll my ears They were
put of pa orlU GA
and there were nearly S3,00O,00 worth of it
in sight the property was only beginning
to be worked, and though not fairly started,
they were getting $1,000 ounces of ore to
the ton. Now, was this the hole that Hank
had filed up that breezy spring morning,
and had he then and there hidden from me
tina buried wealth he had discoveredf l was
sure he had
tWould find Hank, if alivel Well,
come for him sometime-didn't you, old
boys" said Slater.
"Well, Mart, was the answer, II kind o
looked for you to come along toward the
last You see, boys" said Hank, taking up
the story, "Mart always was reckless fell
low, and that morning when ! dug down
into the spot whore the Sylvauite now Is
and struck the riches that ! saw wos there |
kind of tainted off with my good luck. When
i
hill and covered up the find to get time to
think. | knew that If Mart heard Of the
wealth l had he would paint Leadville very
red, and the spectators would buy us up
cheap. so kept still, and when Mart got
well out Of the state | sold the place for a
cool half million Did give him his sharea
Well, just ask him."
"Of course be did, the honest old fellow"
said Mart "Of course he did-aud it was
waiting for me in good United States bonds
when callei for it, but that amt what
complain about"
well, think you ought to be pretty
well satisfied Clipped in Lyman Robbins.
81 am sure would be-
mo, you wouldn't" said Mart. "Now
just look at it. Here are those Sylvanite
fellows to-day sitting here in New York,
living on the fat of the land, enjoying all
the good things of this life, and simply gath
ering in the thousands OK dollars that this
mlne is pouring at thor feet. If they want
TO 90 out to the eastern slope OF that old
Sylvanite mountain they can look down to
the bottom OF their present shaft and see
So. 000, 900 worth of ore in sight, and how
much more in prospect the Lord only knows.
That's why kick, Why didn't Hank and
[ hold on TO that bonanza for ourselvest
But after all, what's the use of bewailing
over bad luckl Let's have another bottle,
and the next time Hank and | go prospect