Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-08-24
MINES And MINERS,
Two Bars of Gold Worth $4S, 900 from the |
Spotted Horse, |

Two Bars of Gold Worth $45, 900 from tn,
Spotted Horse,
Inrunning a survey for a railroad through
the Grand Canyon OF the Colorado river
the engineers found immense beds of gold
bearing gravel. Some OF them were 80 fee,
thick and prospected well from the top to
bottom. Mining men estimate in one sec,
ton ct the mouth Of Dirty Devil Canyon
there are 25, 900 900 cubic yards of gravel
that will pay Sc, $50, OOO.
Very quietly but actively the various
routes to Cooke City and other mining
camps are being surveyed and inspected.
Recently a party started from Livingston
and made a preliminary survey to Castle.
Another party have traversed nearly the
same route in the interest OF the Manitoba
railroad. FL. G. Davis, Col. Merritt and
Chief Engineer Hendricks, all Of the Nerth-
ern Pacific, are o on their way back
from Cooke City to Cinnabar. Their visit
to Cook may mean much or it may mean
very little.-l Livingston Post.
Freat Falls Tribune" August 16: This
morning a cavalcade OF six men, each
armed with revolvers and q Winchester,
rode down Central avenue. and the general
opinion wal that some murder had been
committed and these men were brining in
the criminal. They. rode to the express
Office, quietly ~dismounted and one of their
number entered the Office and quietly de.
posted two boxes OF virgin gold marked
directed to the United States assay
office, Helena. This is the product OIL
the Spotted Horse mine, near Maiden. |
The monthly output OF this mine is about
$50, 0OO. Messrs. IGranville Stuart, z.
A. Carnochan, Reece Anderson, Newt Cow. |
an, JAS. Abrams and P. Saunders, the gen. |
tlemen who brought in this shipment, reg |
istered at the Park hotel, where they will |
rest before making the return trip. 1t 10 |
remembered that the Spotted Horse was
sold to the present company for $500. 600
ing mines in Montana. Specimens from
other prospects compare iavorably with
those from this mine n there may vet be |
opened there that will equal il not
surpass this in the product OF the golden
metal.
From the Wallace, Idaho, "Free Press:
The Poorman company, known on the put |
side as the Ceur d'Alene Silver.Lead Min.
ing Company Of Idaho, paid it's second
dividend on Thursday, August Is. 1t
amounted to 4 cents a share on 500, 600
shares, aggregating $4,000. The first
dividend, last month, amounted to 3 cents
q share or $4,000. The second dividend
makes $35 600 already paid.
There are many more in sight. The
stock is selling in Butte at 81 per share, |.
or at the rate of $4,000 for the miLe.
While this is q good price, the prospect
i've dividends will Increase the value of =.
the shares. But we doubt if any Of the ]
arge holders are DESTROYS of parting with ]
their stock. One hundred per cent. q year
s pretty good int rest on the money in
Vested. 1t is a royal income. The Poorman !
company is the only one in the Ceur :
l'Alene which makes it's business known to I
he public, 80 far as we know, and this ia :
20 be rerretted, for we are satisfied there
re at least three more mines on the South
Fork that should be paying dividends at 2
he present time. Allcredit to the Poorman, .
nd the Press" hopes it may increase it's E 9
iyidends to 10 cents a share. .
Helena Independent" Of the 22d: TheI
wners OF the Elkhorn Queen mine, most
( whom reside in Helena, yesterday re-
the cheering news that the lead had r,
cen struck on the 8O0-foot level in ninety a
,et. The extent OF the strike will not be :
fcr several weeks, as it is expected
viii sHe some time to cut through il. II
he Eli horn Queen is undoubtedly q of Y
ne coming silver mines Of tie Elkhorn dis. v
:ict. At the 150-foot level the lead Was
1T about ninety feet in the drift and
lowed about forty feet thickness. The II
sin runs almost perpendicular, and when 8,
le full extent OF the new find is shown the
propose taking steps to treat the
70 and erect a steam hoist. La