Fergus County argus., 1890-04-17
YoGo MINES.
a Company Formed to Develop the Raj
Properties Of this Region.
THE LEADvuuI.E o. MONTANA.

The Neihart Gold, Silver, Lead Min
ing and Reduction company, of Great
Falls, Montana, have commenced
work on their Yogo properties and
expect very soon to have a very large
paying mine. Their force OF men are
now at work on large copper and
gold prospect at the head OF IogO
gulch, and have all the advantages
OF large vein. The company is duly
incorporated under the laws OF the
state, with 1,OOO.OOO shares at the
par value of LOO. This amount at
a glance, may seem a little large as II
capt. alization, but it must he under
stood the company has two properties
in Yoeo, three in Neihart, two in
Barker and one in Carbonate. These
are all good showing properties and
there is every reason to believe, as far
as the experience Of practical men
have examined by development work
and surface indication, that these will
be as great properties as any III Mon
tana. This may he saying great
deal, hut no camp in the Belt noun
tains can compare with the surface
shOwings at Yogo. The bodies OF ore
are large and easily worked, costing
very little for treatment.
Our YOgo leads are contact leads.
between lime and porphyry. Thele
the company is working has been
traced for over 9, 800 feet on the sur
face. When it is considered that the
company has eight different proper
ties in four different camps, with
$4,000 to $1,000 worth OF develop
ment work on the properties, there is
great reason to believe the company u
strong one. There is a probability OF
all those eight different properties be-
coming dividend paying mines with
development, but should only four
prove to be valuable dividend paying
mines a party investing i'm the com
pany virtually invests in that many
mines. The certified st atement of the
president and a majority OF the board
of directors to the county clerk,
values the properties at 100000,
according to their best knowledge.
The shares OF the company are non
assessable and the board OF directors
have no power to contract any debt
after the treasury fund is exhausted.
The bylaws OF the company have
set aside 225, 900 shares as II treasury
stock and the board of directors have
placed upon the market 80, 900 shares
at 10 cents per share. The company
have ut present some Of the leading
men OF the state as stockholders. 1T
is the intention OF the company to
push the works as fast as men and
money will do it, leaving nothing
undone to place the property on a
paying basis as soon as possible. II is
also the intention to have the prop
erty sufficiently developed in six
months to Justify the erection OF ma
chinery. The company is composed
of good men, who go into the business
with the sole idea OF making the com
pany "a grand success i'm every way.
They are 'rlstlers" and know no such
thing as fail. This treasury fund is
used exclusively for the development
OF the mine, and is not used up by
exorbitant salaries for officers; econo-
my will he practiced in all their busi-
ness.
Emmett II. Carroll. is general mana
ger OF thecompany. lie is a thorough,
practical miner, II young man, who
will reside in this county and make it
his aim that as far as management
OF things is concerned, will be II credit
to him. He is a young man of good
habits and prides himself in being
thoroughly honest. So. looking at
everything, the company comes into
the field under very favorable au-
spices.
IL is a self-evident fact that when
this mining country is fully developed
the parties owning ranches in the
Judith valley will be many dollars
richer just in the development OF the
country alone. to say nothing of the
market the mining camps will produce.
Brighter prospects seem to appear in
the iogo country and Belt mountains
than ever seemed clear to Butte, the
greatest mining camp in the world.
"DoN."