The Helena independent., 1889-04-14
The Spotted Horse Mine a Prom
ising Property Bonded TO
Helena Syndicate.
Reported Strike in the Peerless Jen-
ME Mine OF High Grade
OF Mineral


The Spotted Horse mine, Meadows
Maiden bonanza for which he wants $780,
OOO, Ia bonded To Helena syndicate for
that sum
A strike OF considerable importance Is re-
ported to have been made In the Peerless
Jennie mine.
tits hardly probable that the Elkhorn
company Will erect the new millspoken OF,
but another furnace will be built in con.
nection with the mill now working.
The Fourth OF July deal is OIL, for the
present at least, or AH far as the Helena
capitalists FIRST named In connection win
Il are conc, Tned. Capt Flummer was eh-
gagged ~ make Rn examination, and his re-
turn from the OkanORan country "A few
days ago WAS announced, Upon the result
Of this report II was O be determined II
the syndicate would take up the PROPOSE
tiOn 10 purchase IL. IL appears that while
Capt Plummer's investigation was not at
all detrimental 10 the mine and did not ma
terially differ from the statements made
by j. X. Pardee and sam |. Silyerinan, IN
that the mine contained good showing of
high grade ore, but the amount Of WORK
done and the outlook for the future would
not justify the syndicate In putting up the
money asked for the property.
Mining men say that from this time Tor
ward new mines will be developed WIN
startling rapidity.
The San Francisco mine In the Ceur
d'Alenes Is owned by Helena men prlncl-
pally. Mr.. Esler is erecting the coneen-
traitor which will be completed Ia hlrty
days.
The Helena A Livingston comDany's
smelter at East Helena is doing an inl-
mense business, II the business continues
10 increase with the proportion OF the past
month, the erection Ut have dozen al
ditiOnal furnaces will become necessity.
The BIG OK Mining company paid its
men oil last week. The pay roll aRgre'
gated $4,000.
THE MAJOR BUDD.
"B. j. Fine, of the Major Budd arrived in
the city from Helena yesterday. When
seen by a Republic reporter he was avrrst
10 saying anything about the troubles ul
the company, but spoke sanguinely about
n settlement being arrived at in afew days
lie assured the reporter that the stock
holders would hot suffer no matter whal
might be the outcome, and stated that theli
interest, no matter what might be the out
come Of the present difficulties, would no
suffer: OF this he was satisfied. Mt. SAMMY
Schwab, who was expected 10 arrive
here ON Wednesday, Will not arrive
until lhtfr III int Wt'ht Whti
conference will be held and, j
is thought, an amicable understanding ar
rived at. Mr. Fine states, however, tina
should there be fight he and the stock
holders will come out the vlctOrs. Of thu
he Is perfectly confident There was a ~
markably strong demand for the stock yes
terday, and II was one nf the most ACTIVE
traded In during the day, over ,OOO share
being handled at l3c 10 l5c. Most OF TIL
stock changed hands at the call, when Col
Jim Edwards WAS n large buyer at lic U
l41Sc, and as high as l5c was paid. Jo
Mutually, who In supposed tO have cincl
on this deal, WAS merely an 0n.l0oker, AM
appeared to be greatly amused at what wa
going gOn."
When shown the above from the ~
Louis Republic, I'd. zimmerman said
"Mr. Schwab is not going 10 St Louis Z
hold q conference for ali amicable settle
ment. This property Is in our hands by
judgement granted In this court. III thes
81. Louis people want the mine let thet
come out to us and settle. We don't pre-
pose ~ run after them. Mr.. Schwab is no
going 10 st. Louis and had no intention O
80 doing. That sale Will come OF yer
soon now. My lawyer has discovered tins
Judge In one district has no jurisdictiO
10 serve an injunction over judeemeI
obtained In another district. and that
lust what has been done In this case. Th
Judgement was obtained In the first judi
ial district and here the court OF the secon
district allows an In junction served"