The Livingston enterprise. [volume] (Livingston, Mont.) 1883-1914, 1890-06-07

d. I, 1890.
the first incorporated mining compan
in Castle. The capital stock of tn
company is S5,O00,O 900, divided into 500
600 shares OF a par value of SO pc
share. This was first put on the marke
at 20 cents per share, and about 5000
shares sold at that price, with which de
velopment work was continued on tn
mine. The stock of this company no,
commands $3.50 per share, and is sti
going up. tits predicted by experience,
mining men that it will reach S. befor
six months have elapsed
| During the summer Of 1889 work wa
steadily continued by large force 0
men, and large amount of ore accu
mulated on the dump. In the autumn
the Hensley smelter was leased 70
sixty days and 1850 tons of ore smeltet
in a tifty-fve days run. The result
astonished the most conservative, 81
tons Of bullion being obtained, valued
at Sl25 per ton, an aggregate OF SlO9,
75O. With this money all back indebt
edness was paid, dividend of S15,00(
declared and balance of $4,000 depos
tied in the treasury for a continuance o1
work. And all this was done in spite Of
the fact that Connellsville coke, at the
smelter, costs S25 per ton; charcoal, 1:
cents per bushel; the refining of the
bullion at the Aurora GILL refining
works, SIG per ton; and freighting Sic
per ton from Castle to Livingston by
wagon.
Few mines in Montana have made
such phenominal showing as this, and
the Cumberland now ranks among the
best ore producers of the state.
At the mine 500-foot, double com
partment shaft has been sunk, at the
bottom of which a cross-cut is being
made to the vein, which trends into the
earth at an angle of about forty degrees.
Cross-cuts have been made at the $50
and $50 foot levels, and the Showing is
simply magnificent. The ore vein at the
350-foot level is cut fifty-tive feet across,
and no wall yet reached. It is doubt
less wider than at the 25O-foot level,
where it is eighty feet in width. The
ore is high-grade carbonate, running
forty-four per cent lead and twenty -one
and half ounces of silver. The mine
is fitted up with the best of machinery.
Power is furnished by two sixty horse
power boilers, operating hoist weigh
ing $4,000 pounds, with a capacity to go
LOO feet Improved sinking pumps
are also used. Cages have been ordered
to run in both compartments of the
shaft. A new building, 12O feet long, 66
feet wide and sc feet high, is in process
of construction, and when the new i'm
provements commenced are finished the
Cumberland will be as complete min
ing plant as can be found in Montana.
THE YELLOWSTONE.
And now we turn to the far-famed
Yellowstone, the superb, which is ad-
vancing with giant strides into promi-
nence in the mining world and clothing
herself with lustrous fame which bids
fair to outshine and eclipse all her
in the race for prominence
among the lead and silver mines of the
country. This mine is owned and op-
Grated by the Yellowstone Mining and
company, of which Castles
staunch supporter, DR.. j. P. Rhoads, is
president; j. E. Hensley, secretary, +.
L. Hensley, treasurer; and j. NJ. Hens
ley, manager. This company was lncor-
porated in February, with capital
stock of 100000 shares, of the par value
Of So per share. One fifth was reserved
as treasury stock for development work,
and was first put on the market, and
2o,OOO shares sold at II cents. In few
however, this stock had jumped
to s1.25 per share, and it is confidently
predicted by all who have seen the mine
r1 WI <,R
time.
The Yellowstone was discovered in
1886 by F. L. and J. NJ. Hensley. 1t is
situated about one mile north of the
in the center Of the min
eral belt. After considerable develop
nent work had been done the proprie-
Jors bonded the mine to Helena parties
or $4,000, but the bond was relin-
luished. New developments were then
begun by the Hensley brothers by the
sinking of shaft, putting up machinery,
tic. From depth Of scventv-tive feet
about five hundred tons Of ore was
aiken out, Part of this was smelted by
he Cumberland Smelling company, pay
ng a good profit. This was in 1888.
The following year, the Hensley broth
rs having secured ownership of the
Castle smelter, 600 tons was run, paying
veil. At the time of the incorporation
# the Yellowstone company the Hens
ey Smelling company was consolidated
With it, forming the Yellowstone Mining
md Smelling company.
On the mine two shafts have been
Junk, the original or discovery shaft
ollowing the vein on an incline of
bout forty degrees 105 feet, from
which drifts were run in the ore body,
i'll. however, failing to reach either wall. |
\ new vertical shaft was then com
nenced at point north Of the old,
which has been sunk to depth of 24O
eet, the process of sinking being still
conducted by crew of men working
light and day. At a depth of 10 feet
oss-cut-now fifty feet long being
un across the vein, the width of which |
5 not known at the present time. At a
Lepth of $50 feet a cross-cut to wall |
wenty one feet has been run through |
ligh-grade silver ore, with body of ore
n sight on the other side Of unknown
xtent. Fully $4,000 tons of carbonate
re, rich in silver and lead, is in sight,
nd the probabilities of this mine are
hat at a depth of 500 feet body of ore
,ill be shown up SURPRISING that of any
liver mine on the North American con-
inent.
The Yellowstone shaft is also
ouble accompaniment one, timbered in
he most substantial manner. The ore
J hoisted by thirty horse power en-
inc. A new boiler has just been
laced and sixty horsepower engine
ut in ready for use. A No. sinking
ump and station pump are used in
be mine. The Yellowstone is supplied
18th the most approved kinds of ma
hinery, affording safety to the en-
loyes and enabling rapid work to be
ccomplished.
The company's smelter has been thor
ughly repaired, and a run of ore now
n the dump will be made Immediately.
We feel confident that it will be highly
accessful and greatly enhance the value
f the stock, the rich character of the
re to be smelted guaranteeing such a
esult.
Reluctantly leaving the Yellowstone
,i,,a tho neyt nrOminent ono roacba1 |