Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-11-13
The Granite Mountain,

E. TEE Granite Mountain Mining company
has made it's annual report. Following
are some Of the interesting points OF the
document and the various other interest.
ing items relative to the property:
The total product oil the Granite mines
ut government standard value has been
$14, 1886, 1858, while tine total receipts
were $40. 9SS, 500. "a, showing that the de-
inonetization Of silver by our government
has cost the company to July 81, 1889,
$8,346, 1854, or over 30 per cent OF the
gross income.
President Rumsey also says II am glad
to O that our company has &C ,uired
about all the property necessary for our
purposes in the conduct OF our enterprise.
80 that We may nov devote our energies
and means to the working and develop.
ment OF properties already acquired, and
to add largely, we trust, to the material
prosperity Of the nation and the world.
During the fiscal year ending July 81, 1889,
We have paid out in twelve dividends, 81.
S0e, ZOO. This makes an aggregate Of Sc.
100000 In ffty-fve dividends. To antici.
pate O part Of the report OF the next fiscal
year, let me say that OF November 8 we
win pay dividend No. 80, which will make
$1,000, 600 returned to stockholders since
April 8, 1885. or SO per share on our
capital stock, consisting sf4OO. 900 shares,
Of Che par value OF S25." -
The first chapter in the history OF the
organisation OF the Granite Mountain com.
pany 10 % follows: Theproperty was erigi.
nally located in the autumn OF 1872, but
was allowed to lapse from time to time
until July 6,.1S76, when the claim known
% Granite Mountain lode claim was located
by Messrs. James w. EstilI, Eli d. Holland
and Josiah N. Merrell, and recorded July
IL, 1875; and the claim known as Granite
Mountain Extension lode claim waslocated
Nov. 80, 1878, by David Simmons, and re.
corded Feb. z, 1879. By deeds dated Oct.
ID, 1880, Charles ID. Mcclure acqu red title,
and by power OF attorney dated Nov. 1,
1880, he granted to Charles Clark the right
to sell all his interest in the property. |
Until Mr.. Mcclure acquired the title, the I
claims were thought to be good p~rospects,'
Rnt inaccessiols, and consequently but very
little development work was done prior to |
ths autumn OF 1880. Mr.. Clark was able |
to interest the following gentlemen 10 as to
form q syndicate to demonstrate the value
Of the property, viz: Charles Clark, Louis |
Duestrow, Auguste B. Ewing, Oliver B. |
Filley, Samuel Gaty, Edwin Harrison, Jesse |
L. January, John r. Lionberger, Lewis M. |
kumsey, Moses Rumsey, Augustus F. Sharp
leigh and Charles Taussig. These gentle.
men completed their organization as q syn.
dicate Dec.2 4, 1880, Mr.. Mcclure retaining
the largest interest.
The output for the week ending Nov. z
was Sc bars Of bullion, containing 81, 563
ouncss fine silver and 177.05 ounces fine
.old.
At the regular annual election OF officers
the company, held at the st. Louis of.
dee, Oct. 30, all the former officers were re.
elected, consisting Of L. M. Romssy, presl.
lent; August B. Ewing, vice president;
Paul A. Fuse. treasurer; John T. Field,
secretary, and Thomas o. Wyman, assist.
INT secretary. The trustees also met and
the usual dividend OF $500. 600.
'r 90 cents a share, payable Nov. H.
Granite Mountain stock has been offered
IN the st. Louis board in blocks OF 100
Ihares at $40.75.