The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-10-24
Latest News Of the Mac and Pony
Gold Mining Companies and r
Their Doings.
The sallie Belle. on Little Red
Mountain, Said to ibe Very
Rich.
A New Smelling Compaay-AbDut the
Empire-Revlew Of the Copper
and Lead Markets.

OlO uOb COl40 Up W 0AkSoVV0VAO0o, tQ0 ave-
age netting only 8 per ton. Il il also sai
that the mine Is shut down for tho winte
The truth of these statements cannot i
verified. Some stockholders are Of the i'm
preston that the above report is the starte
for bear movement to deprea
the price of the stock. Il /
we'll known that sale of this propert
has been pending but whether it has falle
through or not is also unknown at thi
time. The report of the mill run @ give,
above was handed into this Office withou
any signature to the statement, therefor
readers can take it for what it ID worth
Several large shareholders have made Of
forts to unload Mao stock at . low pric
within the past few days, but with wha
success IL also unknown. The Mao has re
@quently been reported a. fine propert,
and this sudden collapse, al reported, look
somewhat strange. It's close proximity /,
Helena leaves the hope that the report i
5 untrue.
The Pony gold mining COMPANY has mo-
met, evidently, with fatterine success il
its purchase Of the seventeen claims il
that district. The property originally be.
Rlonged to Iessrs. Filing d Morris, Of Viz.
Rinia City, and these gentlemen are now il
possession OF it. on account Of default o.
NY AAACAAV W tA0 RUxO068oEUst ~ II 0004t
stood that the company has put about $20O,
GOO into the property without recovering 1
cent and they are all Helena men, includ
ing 3. i. Hauser, A. N. Hotter, N, u
Downs and Q. r. Allen and others. Thsy
have very large gold lead, but Of very Low
grade ore. which proved improbable fol
sale BY the sheriff, and Messrs. Filing 4
Morris, who are now developing it, will bid
1t N again and become the owners.
The ballie Belle mine, located on Little
Red mountain, is reputed by mining men
to be one Of the best paying properties in
the state at the present time. II wal
fourteen months ago Frank Marx secured a
bonded lease. During that time he has
realized profit Of 1900 out Of the mine
with working force of four men, all he is
permitted z7d t to employ The sallie Belle has
through ore. It ia also opened up By q
Wine and upraises and 1o0-foot shaft, all
OF which run through ore. Mr.. Marks
lease will not expire for fourteen months
yet He has great thing, az il 10 said that
N thirty days x ne good force Of men could
bond for $4,000 has been secured i
for the property by anxious buyers, who
will pay Mr.. Marx $4,000 for his pnex-
PRED lease. There is said to be 1900 tons
Of ore in sight in q five-foot vein that ID a
true Insure. - The ore y rich galsne, esr-
sallie Belle is located seven miles from
Rimini.
The Crescent mine il employing foroe
OF forty men. Four cars per week IL now
the regular shipment. Carpenter are AZ
work pntting up buildings for winter shell
ter. and, when these arc completed the com
Pany will be fixed to take care Of q force
large enough to insure the shipment Of Z
carload Of ore every day.
The Metcak property, which II an exten-
sion OF the Crescent, is looking better than
ever and some very rioh ore is being taken
GOO per ton. Both the Crescent and Me-
calf properties are owned BY Helena men.
Two old miners came up from Pony q
Few days ago to close mining sale for
consideration Of $4,000. At the last mo-
ment the parties agreed to disagree on the
ing fro.
A Bntte man. who has soma gold proper
ties IN the Little Pipestone district. south
OF Butte, is in the city negotiating i sale, .
but little seems to be known about town
concerning the new smelling COM
Pins opsr.t Gaen ie'' ~, propose Be begin
come acquisition to the East Helena smell
ter: as the mineral resources within . 200
mile radius of Helena are sufficient to fur
nlsh business for both. The new cencern
" called the Helena d Montana Smelling
Company. It is capitalized at g, OOO. 600 in
9O,OOO shares of SO each par value. The
lncorporators are, Il. A. Semple, Of Phila-
deiphia; d. H. Kent and E. G. Vincent Of
" a6hlngtOn, d. c.; Preston II. I.asliA and
A. NJ. Williams, Of Helena.
1t is understood that all arrangements ara
now completed for the resumption Of opera-
tions At the Empire mine and mills. The
preliminary work Of repairing IL already
under way, and great deal Of repairing Ia
necessary. Within few wseks theee Sm-
mense properties will again DO in operation,
ana would never have closed had q free
coinage silver law, which means q value Of
$i.9 per ounce for al silver, been in force.
Inc resumption Of work will give employ
ment to 2 hundred or more men. Harrv
Longmaid 10 the superintendent,
Inc American Mining company. or this
pity, nave bought out A. Kleinechmidt'a in
y .6OOO0. and capitalized their companv
It 5000, 900. Contracts are now beinr la |
for hauling to Weissr ore for shipment to |
The Belleville (Ilinois) Smelling comnanv
The mines referred to are located Il idaho
and have for some time attracted the atton- |
lion of mining men. Next season : rail-
road will be built, and the greatest minino
camp in the America, if not IN the whole
world, will be started.
The Boston d Montana,
g. - a y