Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-11-30
A Half Million Dollar Sale.

independent: One Of the most import
AM mining transactions ever undertake
in Helena was partially contaminated yes
tsrday by Messrs. Bratnober and Bennett
and the Elkorn Mining company for tn
sale OF the latter's properties to the Min
ing and Financial Trust Syndicate Omitted
Of London, Eng, OF which Henry Brat
nober is q member and resident manager
while T. A. Bennett is manager at large
The consideration ia considerably NOR,
than half q million dollars.
The agents OF the syndicate have been ne
gotiating the sale OF this property for more
than six weeks. and have made a Thorough
investigation OF the Hotter and other lodee
embraced in the Elkhorn company's pos
sessions, and have been so well pleased
with the properties that the sale is an as.
sured fact and that the first payment was
made yesterday at the First National
bank, the transfer deeds being in escrow at
the Montana National. The syndicate has
four mouths time in which to pay the
balance.
The Elkhorn Mining company was or
GaniEsd Jan. IL, 1883, by A. NJ. and M.
IN. Hotter, Judge J. 81. Shober, John Kinna
six months forced suspension of work on
account Of a rush OF water, the Hotter lode
has been O steady producer of bullion, and
has to its credit $4,000 paid in divi.
dsnds. It ia located in Jefferson county
and is classed in the category of big mining
propositions in Montana. From the very
start it began producing ole which was
crushed in q five stamp mill. 1t was not
long, however, before twenty additional
stamps were placed in position, and with
the brief interruption noted these stamps
have steadily dropped tn the music of a
quarts mill making weekly shipments OF
bullion, giving employment to nearly
ONE hundred men and supporting a town OF
900 souls. But now q sea son Of increased
prosperity dawns upon the little mining
camp, as the Northern Pacific has q force
Of men building a branch road from Boul-
der TO Elkhorn as fast as possible and will
b i'm operation early In the spring. For
the future Of the mines this means q great
deal; it means greatly reduced expenses in
the transportation OF supplies and fuel,
which ID an item OF great moment to sue.
ssssful mining. The London syndicate ia
10 be congratulated ON securing this prop
srty, which still has great bodies OF ore
NuiCu uSNO uCNcE Doou bOuCuoU. LUZ.
ing the past year ore extraction has
been confined to the upper workings. |
The ground is lime and SLATE formation. |
the vein matter running in great cham
beers.
The Hotter lode ia dev eloped through a
shaft $50 feet deep, but the shaft has re-
Gently been put down $50 feet deeper, |
though in this latter development no levels
have been run. In the levels above the |
TOO and S00-foot stations all YORK has |
been conferred, and it 10 in these that the
ore which has kept the mill in operation
Tor the past six years has been extracted.
the TOO and S00.foot levels 24-foot
stulls are brought to use, showing
the great extent Of the vein at
that point, which is much wider
In the upper levels. The
mill returns from the ore on the lowest
workings average between As and 80
eunces silver, with a small percentage of
gold. The property embraced in the pur-
chase includes a well-equipped mill, good
shop. hoist, ninety acres OF ground
and all the supplies on hand. The COM
pary which Messrs. Bratnober and Bennett
represent is one which has recently been
lormed and is capita lied at 420O, 900.
Whom they shall acquire complete control
lew life will be infused in the camp. of Elk.
lorn.