Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-12-18
around Philipsbure.

Independent: James Pattsn cana ovel
from Philipsburg yesterday TO get a touct
OF high life in the metropolis. He brought
q variety Of news, both encouraging and
discouraging, from that camp. The latter
chiefly relates to the shutting down OF the
San Francisco mine and the withdrawal oi
it's pumps. Over $4,000 has been spent
on this property in a Ruthless search for
pay ore. They have any quantity Of low
grade ore, but not enough high grade ore
TO justify the erection OF reduction works.
They have been hunting in vain for
months Tor first.class ore. Occasionally
they would run on to q rich bunch that
would encourage them to continue opera.
tions, but struck no permanent body OF
good ore. The St. Louis people have
finally got discouraged and ordered the
mine shut down. This will affect a large
number Of Ph~ilipsburg people, as at least
one-fourth OF the stock is held there. The
principal assets OF the Silver Bank was San
Francisco stock, and now that the stock is
worthless, it's creditors will stand a slim
show Of getting anything.
Other mines in tuat vicinity, however,
are, as Mr.. Patten expresses it, keeping
up their lick" A mineral district has been
discovered near Black Pine that will, from
present indications, rival the Black Pine
properties. rhe principal development has
been done on the Butcher Boys property,
which has been bonded to PhilipsbuTg par.
ties, who are working q large force of men
on it. The main shaft shows, at a depth
OF fifty feet, q f%our-foot vein in granite.
which will assay forty ounces in silver. An
extension OF this vein, fully a mile from
the shaft referred to, gives equally good
A number OF shafts are being
sunk by different parties on tho same vein,
which not only shows that it is continuous,
but that the ore gets richer the deeper they
sink.
Charles Clark and F. O. Smith of st.
both large stockholdersin the Gran.
ite Mountain and Bi-Metallic mines, came
over yesterday from Philipsburg and are
at the B oadwater. They de-
clared themselves charmed with the ma :
nj icent hotel and it's surroundings, and
will spend several days there. Their visit
to the Flint Creek district was principally
Tor the purpose of inspecting the Silver
Chest property, which Mr.. Clark has
Mr.. Clark stated that the Silver
Chest was showing well, and was liable to
q mine. Both the Granite and BIZ
Metallic were producing more ore than
,ver, and OF a good grade. Mr.. Clark is
highly elated over a gold prospect near
Helena that he has bonded, but would
live no definite information as to it's
whereabouts. He was probably afraid |
hat certain notorious claim jumpers who |
been causing him trouble, would hop |
IN to his latest ACQUISITION, Mr., Clark |
3 the same genial, approac!,able gen. |
;leman that he was when a mining super. |
ntendent OF an obscure mine at Philips. |
burg. His wealth has not changed him.
all the owners in the Granite and Bi.Me.
allie, he is the most deserving OF riches. |
His faith in the Granite Mountain mine
rom the time of it's discovery until the
5onanza was struck, never wavered. It
ook o u years OF development, under ad.
'erse circumstances and disbursements, |
o demonstrate Clark's faith and prophe.
les; but even in his dreams he neverfancied
hat they were uncoveriDg a treasure that
Tould make the biggest dividend paving
mine at present on the face of theI
Mr.. Smith stated that the ST. Louis min
% exchange was very quiet just now, and
hat the people there tool no such interest
the mining stocks as the newspaper re-
orts would indicate. the big mining deals
ere always transacted in pr. waite, orI
responsible brokers, and never
trough the mediu.u OF the stock exchange.
he fortunes made in Granite and Bi-Me-
alic stocks had SO excited st. Louis peo-
le that for a while they bought lavisbly,
ut after getting pinched by Colorado
Jocks, they have become very cautious.