The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-09-03
a English Syndicate to Pay 327.-
100000 for tho Mines
Of Aspen.
a Blue Bird Mine to Resume-NeWs
From tho Mines Of Madison
County-Ths Exchange.

ostantiates all that Sam I. Silverman
"a about the mine on his return from
pre-.
There have been mining deals and there
Ne been large mining deals, but the fol-
wing outstrips anything before attempt
I, in this line and 1t remained for an Eng
+ syndicate to cap the climax, and there
| be but little doubt that the subjoined
( bona fide transaction:
Denver special, Aug. 10: Probably the
.eest transaction ever carried through in
United States will be contaminated
Re in a few days. Already $500, 900 has
In paid down bv j. Il. Bates, represent
syndicate Of London capitalists which
been organized to purchase all the pay
mines in the Aspen district for the col
sal sum OF 81, 00O,00
ROTATIONS have been going on for about
hr months. So carefully has the secret OF
bse promoters of the gigantic sale been
arded that not word or hint of what
, been going on leaked out until day or
D since.
about six months ago Cecil G. Morgan,
great English mining expert, went to
,ndon to dispose of some mining proper
q in which John Scott. the wealthy Eng
dorado Midland railroad; J. J. Hager-
In, the Colorado Springs millionaire. and
humber of other parties were interested.
\. Morgan has been at different times
Injected with several of the richest mines
1.-The Aspen district, including the Dur
u, Aspen and Benny Bell. He has made
most thorough examination of all the
mes at the great camp and no one is bet
posted and more fully appreciates
vNcA n vhlNh
u hidden in this heart of
! Rockies than he. He ia well known
long the great financiers in London, and
zen there did not neglect the opportunity
inform his British friends of the great
disabilities of Colorado, especially Of it's
issive mountains filled with the richest
posits Of precious metals on the globe.
these stories which seemed to rival
Dse of Aladdin and his wonderful lamp
turally excited the keenest interest among
,glishmen. To make long story short
~ inquired if any of the valuable mining
operties could be had. Mr.. Morgan face
usly replied that money could secure
ything in Colorado, and from this the
subation of the vast scheme WAS begun.
fore leaving London the syndicate had
IN so far organized that Mr.. Morgan was
auested to act as representative Tor the
rites, with instructions to secure an op-
n on all the paying mines in Aspen. It
q herculean task before him. but with q
npany of men representing $3.50. OOO, 600
back him up, the expert saw nothing but
Doth sailing before him.
according to the tenor of the option, for
'ich 100000 was paid to-day, as soon as
b demonstrated that the mines are what
~ are represented to be, $40, 100000 spot
Thin one year from date. ia3E
The sale is the result OF visit to London
, months ago by Cecil Morgan, who has
Zoe returned accompanied by experts and
". II. Bates. who is to be the general
mayer of the syndicate. In the last ten
ys 150 cablegrams have been sent to Lon
q at an expense of 81, 700. The Aspen
Z following that are the Franklin, Du-
1t, Aspen Mining and Milling company,
mprehensiye, Banner Belle, johnson,
suggler and Deep Shaft, in all aggregate
the vast sum Of 81, COZ, 600. The mines
the richest in the state and the sale has
ased genuine sensation.
English money has been flowing into the
hes of Colorado at rapid rate for some
he past, but no such sum as this has ever
arly all Of the mines Of Aspen. English
soerts have been over the ground thor
khly and have found the underground
rkings all that could be expected, and
Ee hastened the contamination Of the ire
sndous sale. During the winter a stu
'hdous mining plant will be erected, pub
samplers constructed and refining works
ablished on the ground to save the ex-
use of shipping concentrates to Denver,
q in this alone Sc, OOO.0O will be spent,
king the camp the most gigantic in the
rid.
The Boulder City Gold and Silver Mining
hpany, of st. Louis, made one of the
hest strikes ever reported to-day. No
fticulars have yet come to hand, but gold
dominates and on the Gold Clif property
as eighty-six ounces of gold to the ton.
ulder county is wrought up with excite
mt owe this.
Silver Bow County.
liner: The Blue Bird mine and mill,
aoh were closed down several months