Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1889-09-28
TIN CONTROVERSY.


the New York Herald and the London
Financial News over the Harney Peak
= Tin mines. 1t is a well known fact that
the News has for long time been in.
dulgiug in trenchant criticism of the
Harvey Tin Company, and that hitherto
but few papers outside of the Black
Hills have dared to challenge its state
ments. The Herald now takes up the
cudgel, and engages in an honorable
contest in defense of the company. Re
Gently the News has sought to smooth
over its former attacks on the company,
realizing as it does the folly Of further
effort 70 sustain it's fIliacious statements
as TO the worthless character of the
mines. In responding to an article re-
Gently appearing in the News, the
4 bfoudsIue vi Invcryic~s ~Iru teauIug
financiers, among them Mr.. Samuel
Untermeyer, one of the highest officials
of the Harney Peak company, who said:
We ask simply to be let alone to de-
| yelop our properties with the resources
at our command. The work has been
linaugurated in mining fashion, not with
a view To spasmodic and immediate
results, so as To boom the property at
the expense Of its future value, but with
the purpose of developing the mines on
"A scale commensurate with their great
commercial future. We are now en-
gagged with over four hundred men in
opening up a portion of our property,
and we have large quantities Of excep-
tionaly rich tin ore, which is being
COLLECTED tor the mills we are soon TO
erect.
! MOST VALUABLE PROPERTY.
Our purpose is TO construct mills that
will crush one thousand tons of ore per
day, but in order To keep such mills
steadily running it will be necessary TO
Thoroughly develop the mines in All
vance with view TO economy in the
extraction of the ore We have un-
bounded faith in the future of our prop
critics, and believe them 10 be the most
valuable and by far the most extensive
tin mines in the world.
LOOKING TO A BIG MARKET.
We expect in the near future TO sup
ply at least the entire American market,
which consumes nearly one-half OF the
tin production of the world. The de-
yelopment Of our enterprise will nee
essarily be followed by new industries,
which should be of great value TO our
country. We have already surveyed a
railroad of about one hundred aud forty
miles in extent, encIscling our mines
and extensive surveys are also being
conducted for the purpose of acquiring
10 title to the land IL well ~ the mines.
AN ESoRMoUs UNDERTAKING.
The enortnity of the undertaking and
its important bearing upon the indus
tries OF our country are beyond concep-
ton. The company and its sharehold.
ers control over six hundred mining
claims, embracing territory OF about
forty-eight miles IN circumference. We
. ask no puLlic aid in the enterprise until
we shall have demonstrated the great
commercial value of the properties
We have all the money We require for
that purpose.
DOING A GREAT PUBLIC GOOD.
The secretary of large firm in Pal.
merston Building said: The Herald il
idoing great public good in taking up
the cause of the companies which have
been attacked through lack of some
L
public have time and again seen but one
side of the prospects of the company
There are financial papers in the city oi
London which can be bought at vary
| ing prices-some by almost as small q
check as you can draw. have had
agents of such papers, come in here and
say that might write such an article as
should wish for the price Of an adver'
tisement. The feeling here is very
strong on the subject. 1t will be good
time for the city of London when this
oppr ession ceases. There exists now 9
positive reign of terror, and it will be 9
Igreat relief when some paper or some
person strong enough can crush 1T out. :
THE SAME MEN AS AT FIRST.
One of the shareholders in the Har
ney Peak mine said that he was glac
that the Herald is taking up the matter
He observed that one strong editoria
statement made by the News in reply
to the Herald was to the effect that tht
first tin company's scheme was fraud
irrespective of the value OF the mine
and that the News had DESTROYED th'
scheme. Against the present compan,
lit brought no charges.
"How absurd this sounds" said tn
We SohDiott viz Ao~N
J in the case. With the exception OF on'
member the present company is com
posed of the same men who were in tn
first company. The enterprise was jus
q as honest in the first company and a
q sound as to-day. If the members Of tn
U company were rascals three ago, b.
r what process have they become reform
cdr Is it by reading the Financia
News?
SAME OLD HARVEY PEAK NINE.
''It Is the same old Harvey Peak min
THAT we are working to-day. We hav
bought additional property, 1t is true
/. but we have the original mines. and tn
ore that we are taking out now is OF
grade that the correspondent of tn
Financial News in the Black Hills d.
clared would would never pay for tn
ID mining
"Why. ask, are the men in the me-
company and the tin in the mines an
better to-day than they were three yea
ago? That is q question which the q
rectors would like answered. This Il
mine controversy, trust. will be tf
a means of letting food of daylight InI
y the system that praises schemes whic
yield no dividend, and denounces ente