St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-05
AS TO AMERICAN TIN.
One Who Has Explored the
Black Hills District I'm
folds a Tale.
Showing Why the Cornwall
Syndicate Wanted to Keep
1t Shady.
They Bought Up All the Mines
and Expected to Monop-
Olize It.
But New Mines Are Found and
There Is Millions in 1t for
the World.

Special Report to the Globe.
Only short time ago our American
people received with surprise the news
that tin had been discovered in large
quantities at Harvey Peak, which is
ID the Black Hills, about twenty miles
out from Rapid City, Oak.
This announcement aroused many of
our mining and speculative people to
inquiry. The writer also had his curl
osity aroused and took trip into the
Hills to
LEARN THE FACTS
and also look over the country.
A great many of our people had an
idea the announcement of the discovery
of tin in the Black Hills was only one
of those schemes to advertise the cOun-
try; but after l tell you what have
seen in the past few weeks you can
judge for yourself.
The first of these tin discoveries was
made less than two years ago in what is
known as the North Hills, which are To-
Gated a short distance above DeadwOod;
but after thorough examination and
test of the ore it was found to be
LACKING IN QUALITY
to pay to work; but since this first dis
covery there has been great deal of
anxiety shown on the part of the Corn
wall, Eng, people, and number of
their best experts have been here ever
since prospecting through these Hills.
Less than year ago the Harney Peak
discoveries were made and there was a
great
RUSH TO THIS SECTION
by the people who lived in the neigh.
bOrhood, but the rich discoveries were
kept very quiet for some reason OF other
until the announcement a few months
ago that London syndicate had been
formed to work the tin mines of Harvey
Peak with capital stock of S15,000,000.
Now this whole deal lies i'm nus-
she'll: These Cornwall people and
New York syndicate formed stock
company for the purpose of cOrralfing
the ~. ...s...a
ENTIRE TIN BUSINESS
of America. There were at this time
about $50 claims being worked by indi-
viduals and small syndicates, besides
what claims this London syndicate was
proving up on-a total last spring OF
about $50 claims. The New York peo-
pie and Cornwall folks formed stock
company among themselves for 81 $780,
600, and then purchased an option OH
every tin claim Ill the district, paying
from 81, 900 to $4,000 for each group of
claims. a.
They then went to work developing
all their claims. The first cash outlay
was over one
MILLION DOLLARS,
and they have now to put in about
$4,000 per year for assessment work.
London, some of the pieces weighing
1000 to 5000 pounds.
Our London correspondent, Sept. 25,
1888, said: An American investment
that Lonooners have been excited over
this week is the Harvey Peak
TIN MINES IN DAKOTA,
near Rapid City. At first it was de-
nounced squarely as an American swim
die, but the last few days leading news
papers nave changed their tune.
Saying nothing about the merits or
dement's of the speculation, but the
scheme of the projectors to get the
Britishers interested in the property is
interesting They have hired shop
near the stock exchange for $500 per
month, have filled it with several tons
of the Dakota rock, which cost over
$4,000 to get there. one of the chunks
weighing 5000 pounds. For five days
British experts have attacked the rock
with hammers, magnifying glasses and
analytical instruments. Some Of the
assayers from the Bank of England
have been called in to give profess
iOnal opinion. Their examination of
the samples demonstrates
THAT TIN is THERE.
and good deal of it. The StatiSt says
to-day that the rock was blasted out OF
the mines by a special commission
of experts sent from England. |
went down to look at the mass Of
stone, and found it in charge of Samuel
Untermeyer. of New York, who so sue
cessfully fioated the New York brew
ers companies here. He said that the
reason for bringing investments to Lon
don instead of New York was the same
in both caSes-namely, that there is
more money in London.
The prospectus of the Harvey Peak
Tin Mines company will be published
here this week. 1t is capitalized atSl5,-
600, 900 and S2,OOO,OOO is wanted imme-
diately to carry on the works.
MORE MINES FOUND