Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-07
WASTED A MILLION,
But Still Confident That There is a
Great Bonanza Under the
Earth's Surface,
ENGLISH CAPITAL In THE WEST.
One Of the Foreign, Syndicates Has Had Bad
Luck in Idaho, but viii Try
"a 1t All Over Again.
ENGLISH CAPITAL In TIE WEST.
REPORTS FROM THE MINING CENTERs,
= New and Valuable Discoveries Constantly Made All
Along the Line
ESPECIAL TELEGRAM TO THE DISPATCH. ]

ESPECIAL TELEGRAM TO THE DIsPATCH.l
NEW YORK, July 6-The following re-
ports have been received from the leading
mining centers of the West:
IDAHO CITY-The Silver Mountain Min
ing Company, a company of wealthy En-
glishmen, who began operations in the Sill.
yer Mountain district about two years ago,
are again preparing to resume operations.
This company first secured Is locations, all
mammoth veins, and all carrying little
silver on the surface. TheiK expert Prof
Boyd, examined them, made a favorable re-
port, and the company secured q con-
trolling interest The report was tele-
grsphed from Boise City, and inside
of ten days the mill was ordered
by telegraph, a contract let for wagon
road, work on which was begun in few
days after the contract was let, and finished
35 miles in few weeks, and as soon as COM
pleted was literally lined with big freight
teams hauling in supplies. All was hustle
in the new camp, 300 or 400 men soon find
ing employment. The outlay all told is
said to have been somewhere near 81, ,000, 900.
Such an enormous expenditure was the re-
suit of mismanagement-mone
schemes engineered by those having charge
of the company's financial affairs, and the
high price OF supplies. The company
finally completed 300-foot tunnel, tapped
one of their veins-the JulIa-about 200
feet deep, and the mill made a run of
couple days and for some reason all work
stopped. Innumerable creditors attached
the property, and the mine and mill were
sold at Sheriff7s sale. The company, how
ever,
REDEEMED THE PROPERTY,
and a few weeks ago the representatives
went out to see what was best to be done.
The expert, Captain Hambly, is we'll
pleased, and is satisfied that at great depth
the mine will prove very valuable, and the
company, relying on his judgment has de-
termined to prosecute development on an
extensive scale. A tunnel is now to be run
from the loot of the mountain near the
river. The latest improved drills will be
used, and it is estimated that the tunnel
will be completed in two years. Work will
hegin as soon as teams can go over the road.
The greatest mine in Idaho, and probably
the greatest known for the development
done, is the De Lamar, in Owyhee county.
The owner, Captain De Lamar, an En-
glishman by birth, arrived in Silver
City, that county, a few years ago. He
formed a good opinion of the crop
pings of this mine. He finally got little
backing, the Wahl brothers furnishing the
capital and De Lamar furnishing the judg-
ment, experience and the then undeveloped
mine, A 20-stamp mill was put up, and
after running an !, ,S0O-foot tunnel, a body of
ore was opsned $40 feet wide, all one ledge, but
diyided BY a narrow porphyry belt. De
Lamar soon bought the one-half interest of
his partners for $500, 900. They did not have
the faith of De Lamar in the permanency of
the mine, but it still holds out and continues
to improve De Lamar is said to be now
worth S2,000,O00. The richest of the ore,
being telluride, Is shipped. This ore is
found in pockets in the mine. One ship
ment, made recently, netted him $500, ,OOO
The ore is all sofJ and but little blasting is
required. Timbers have been hauled 30
miles, and the supply is now about ex-
hausted. The town that has sprung up at
this mine is nine miles northwest of the once
famous Silver City, whose surrounding
mines have yielded millions.