The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1889-11-16
A GREAT ENTERPRISE.
The Idaho Bedrock FIRme Company In
eorBorated Under the Laws of
IdallO--WOFk to be Vigorously
Tnr.Y.iad On
Idaho City World.

-
Idalo--WOrk to be Vigorously
| Carried On.
Idaho City World.
] On Tuesday, the 9Th instant, the
Idaho Bedrock Flume Company
was incorporated under the laws of
Idaho Territory, and on Wednes-
| day, the 9Th inst, the company was
organized with the following of
fcers: Jas. H. Waite, president
and treasurer; VIM. NJ. Carr, vice
president and general mana ger
George Ainslie, secretary, and Geo.
II. C. Taylor, superintendent. The
incorporation is for the period of
fifty years, and its capital stock is
100000, divided into 10000
shares of the par value Of $50 each.
Mr.. Waite, the president, is a
banker of Boston, Mass, whore be
is well known, and is also president
of the Topeka Safe and Trust Com
pany, of Topeka, Kan.
VIM. NJ. Carr, the vice president
and general manager, lives at
GAINESVILLE, Ohio, and is engaged in
the production of oil and natural
gas. He is president Of the Fear
less Oil and Pipe Line Company,
president of the Union Natural
Gas Company. which has a capital
of 81 100000, and is vice president
and general manager of the South
eastern Natural Gas Company,
which has capital of $4, 100000.
Hon. George Ainslie, secretary of
the company, came to Idaho Ter
ritory in 1862, from which time he
has occupied a place as one our
leading attorneys at law. He served
two terms as delegate to congress,
each time receiving a large majority
over his competitor.
Geo. II. G. Taylor, the superin-
tendent, is a practical miner who
worked ground on More creek 26
years ago. Previous to that he en-
gagged in mining in Southern Ore
gon, giving him a large field Of ex-
perience that will prove of great
value is the Idaho Bedrock Flume
Company.
The company has a 25-horse
power portable sawmill on the
ground two miles and half below
the city, have erected the necessary
buildings, and men are cutting and
hauling great amount of saw logs
Posters are out calling for sealed
proposals for excavations and com
mencement of the bedrock fume,
three-fourths of mile long, and
for 100000 feet Of logs.
The size Of the fume will be IS
feet wide, 5 feet high and about
mile in length.
Seven miles in length along More
and Elk creeks and 800 feet wide is
the amount Of ground purchased
and secured by deeds, which is
enough to keep the tlume constantly
busy for the next fifty years or more.
A large amount Of the hume will
be completed between now and
March, SO as to take advantage of
the large volume Of water during
the spring freshet. a run will be
made then which will pay largely
on the capital invested, although
the cream Of the creeks will not be
reached until the following season.
After the first year the clean-ups
will be enormous.
1t has been calculated by the
miners who worked the creeks that
100000 is within reach Of the
flume This estimate is based on
the production of gold from 1862
to the present time. In one year,
from 1863 to 1864, the express com
panies shipped $33,000,000 from
the Basin. This may seem to some
an exaggerated statement, but it is
not. The managers Of the Wells
Fargo Express Company gave
these figures q few years ago. The
primitive methods used in those
days were SO crude that not more
than half of the gold was obtained |
from the gravel washed, notwith-
standing the vast amount of ground
that remains untouched. With
living high, lumber 800 per thou
sand, wages 81 10 s. per day for
Iaborers and $40 for mechanics,
with everything else in proportion,
Of acres Of ground nov
covered by tailings is rich. The
only way to reach it and procure
the vast wealth is by the bedrock
iume.
We have abundance of the finest
lumber in the. Northwest, and
everything else needed is con-
renient for the rapid and economi-
,al construction of the fume. The
grade is 1 ] inches to the rod, with
which the volume Of water in the
creeks from March to July or Au-
gust will carry off all the largest
1oulders.
Hydraulic chiefs of the latest
pattern will be purchased in San
Francisco.
This enterprise is the greatest of
he kind on the Pacific Coast and
lailed with joy by the people of
Southern Idaho, as it will not only
prove very profitable to the stock
holders, but will greatly benefit US
Ill.
Who the FavOrites Of Fortune Are.
Ticket No. 63,S56 drew the first
apital prize of 100000 in the 23d
rand monthly drawing of October
5, 1889, in the Louisiana State
lottery. 1t was sold in fractional