Arizona silver belt., 1889-09-28
A Great Silver Mine.
Correspondence Globc-Democrat.) ]

| Not quite five years has passed since the first bar of silver went down to Phlllipsburg and out to the world with the impress of the Granite Noun tain upon it. Earlier in the year 1881, rlch ore had been found, and enough had been shipped to the old Algonquil mill to give the mine a standing and credit. But not until December, 1884, was the mill built at the mine and in running order. Since then this mine has turned out S7 100000.
 And" said the manager, as he locked up from the sheet of paper on which he had been figuring, "it is safe to say that the rate of dividends paid in the past will be kept up for some tune to come"
 "Tbe greatest silver mine in the world is the respectful way in which all Montana speaks of this property now. It seems strange that but short five years ago the stock should have been knocking about, begging to be bought for 25c share, Why, the management tired to trade it for la- Dor, for supplies, for almost anything, when 1t would not command cash. And now the shares once despised and rejected of men have become the chief corner of Montana pride and are worth $50. The marvellous history of Granite Mountain has boomed thou sand worthless schemes, and that is the only bad thing which can be said of 1t. This company was incorpora- ted in 1881 For three years the mountain side was searched for vein. There was float mineral, detached fragments of ore, scattered about among the powders, but where the Fragments came from was mystery that dehed the searehers. One tunnel was run into the side Of the noun tain, but it was all granite, Then an other was started and pushed in. For three years money came out from St. Louis, and not dollar went back. The treasury ran low. Again and again it had 10 be rcpenished by leans from stockholders and sales of stock at few cents share. One day tele- gram came from St. Lotus saying that there was no more money 10 be had. Work must stop. The order was per. emptory. 1be manager did what the true prospeetor and the born gambler will always do. He staked all on a last play. He put the telegram in his pocket and gave himself ten days in which to obey. The work went on. Before the end of the ten days the No. tunnel reached the vein. Ore to the value oI $2S0 900 was taken out and treated at neighboring mill. Then the company strengthened itself up and proceeded to build mil and de yelop the property in thoroughly business-like way. Twenty stamps was considered far beginning, There were many people in Montana who ndiceled ihe folly of the St. Louisans in building twenty-s'ami mIil away up on inc Granite Noun tain. These people plophesicd tbat inc ore body wouldn't hold out year But fl did and ten stamps were added. Then, in a couple of years, a mill of forty stamps was built along side ol the old one. Two years later, that is, last year, two more mills with ninety stamps were erected down the noun tain at Rumsey, and they are supplied with ore by cable tramway such as the Bimetallic uses. But the compa- ny has not stopped with l69 stamps. At tue present time an addition is be- ing made tu the mills at the mlne.