Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-09-21
/ HEAVY DEAL CLOSED.
The Shenon Group of Mines
Sold to a Wealthy Eng
lish Syndicate.
other Items of Minor Import
ance Pertaining to Prop
critics in Butte.
Exam "Wednesday Daily.

Yesterday of II mining deal OF SO much inn.
portance as to be worthy Of more than
ordinary attention, for it's successful close
ia portentious OF much which promises to
bring Montana, and especially the West
side, into greater pro ninence than ever as
a producer OF the precious metals. The
uroperty involved is OF undisputed worth,
and has long been considered among the
most valuable OF the West side gold prop.
o~,itions, for although much work has been
done on some OF the claims, the group in
the aggregate is as yet but partially deyel-
oped, but so good ia the showing made
that the experts employed by the pur-
chaser soon arrived at a conclusion war.
ranting them to make a most favorable
report.
The ground sold consists OF the Golden
Leaf group OF geld mines near Bannack,
but better known as the Phil Shenon
property, 30 named because it was located
by that gentleman and owned by him
until yesterday. Sixteen full claims COM
vrise the group, principal one OF which is
the Golden Leaf, pom which q ten-stamp
mill has been erected, and which has
Welded large returns, notwithstanding the
faulty construction OF the mill and the
individuality of the method OF reduction
employed.
Purchaser of the ground is the Car
Isle Gold Mining compeny, Of London,
England, aud first payment was made
Yesterday aud the deeds placed in escrow
with Clark & Larabie, who will also prob
ably be the bankers for the new corpora
ton. The same company owns and OPP
crates extensive gold mines at Carlisle, New
Mexico, and from which it derives it's
name. Under what name the company
will operate in this territory has not yet
been decided upon, although it will proba.
BILE be known as the Golden Leaf Gold Min
lug company.
Mr.. j. Stewart Wallace, one of the di-
rectors OF the company acted as its agent
in the purchase, and Mr.. W. N. Symington
ager OF the company's works at Carlisle,
made the examination and report upon
which sale was consummated.
Mr.. Wallace was interviewed by q MINER
Exporter concerning the deal last night, and
said that he was not at liberty to give the
amount paid for the property, but from
other sources it was learned that the price
paid was $175,0 600. When this was men,
toned to the gentleman he stated that he
would neither deny o affirm it, and that
the reporter could draw his own inferences,
as he was not responsible for what Others
had to say. ... at.
When asked as to the company's future
plans Mr.. Wallace said that he and Mr..
Eustice would leave for New Mexico where
the latter gentleman would remain. From
there, Mr.. Wallace said, he would go direct
to London and the directors would then
decide upon the proper method OF working
the ore and upon the result OF that con-
clusion hinged the style OF reduction works
which would be erected upon the prop
erty. He said that three or fou methods
of treatment were already under consi1er-
alton and one OF them would probably be
chosen. 1t was the intention OF his com
pany, he said, to adopt only the very best
and most modern system OF reduction, and
that when final selection had been made
it would only be when thoroughly
convinced that none belts could be OBJ
tanned. He said that the company would
not 60 at matters blindly, as too much
was at stake and the property too valu-
able to warrant anything but the
exercise of the greatest care ana
best Judgment. At present, he
said, nothing would be doneat the mines,
and that the old mill and all other work
ings would be closed down and al opera
tions cease until about the first OF April.
At that time work on the new mill will com
mence, and by August /, Mr.. Wallace sald,
the piant would be completed and ready
to start up. The mill now IN the property
was not taken into consideration when the
sale was made, as MIR. Wallace considered
it practically valueless.
In conclusion, Mr.. Wallace said: ht'You
may say thatSwe think we havesecured the
services of a thoroughly competent gentle
mansto manage and superintend the prop
erty for u.s.. That is all We have to say
upon that subject at present"
FLOAT.
The Clark smelter OF the Boston& Mon
Jana company has been over
hauled, and was blown In again, yesterday.
Since the excessively hot weather has let
up all the different mining companies on
the hill report q perceptibe Increase IN
their water supply.
A survey OF iMeaderville is being made by
the Boston & Mountains company with a
view OF commencing extensive improve
msnts. .s..g... .---~ ge
John M. Hartman, who has been pros
pecting for some time in Browns guien,
DrOugnU IN SOH0 very tiou SpSSl
ore taken from a recent find, yesterday:
The Butte g. Boston company has fired
up one of it's, new furnaces, and it is iound
to work in the most satisfactory manner.
The remainder will be start up this week.
John NEG uire, superintendent OF the
Constitution Mining company, was IN
town Yesterday. He says at present prln.
6ipal work being done by the company IL
the sinking OF its double.compartment
shaft. Night and day shifts are employed
and the shaft is down 200 feet.
A syndicate composed OF B.. j. Fine and
other st. Louis capitalists has secured con
troll OF the Moody & Sankey mine II
browns g1lch, north OF Burlington. q
shaft is being sunk andis now down ~.
feet. Two shifts are employed and sinking
progresses rapidly. The mine has am ldle
Tor the last six years but the gentlemen
O working it are confident that gooo
results will follow their Efforts.
A PRECAUTIONARY MEASURE.
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