The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-08-28

dividually the various amounts received
may foot up az much as $40, 00O. 0O0. Sta
tistics on this point, however, are as un-
satisfactory as those in regard to the los
lngs;
get at the total losses of individuals at
horse racing in Pool alley. 1t is n and
the same thing. The gambler on horse
racing can q a guess on five years.
losses, but he is likely greatly to overesti-
mate it. 1t has been the same thing in the
mining stock speculations. Such a thing
as keeping books has been and is unknown.
The winnings have been in big Jumps, while
the large proportion of losines have been
in the nest-eQgs of women as we'll as men,
the money laid by, to add to. for a rainy
day. The total of these amounts, with
those expended in the actual development
of properties, is by some placed as high as
the amount received. $4,000, 900. but the
most conservative estimates are in the
neighborhood of $1O, 100000. These are, of
course, however, all guesses, with nothing
except Individual experiences and observa-
tions as a basis. The list can be run over
and the big losers counted up, as named in
the graveyard list published i'll the Globe
Democrat u few weeks ago with many
counties to hear from, and it can be seen
that the estimate is not any too small.
The point was made by one gentleman,
whose opinion was asked or the question of
winnings and losings, that so far as the city
in dollars and cents. While, as he said, the
losses have been large, they have been in
small amounts and from the many the win
nings have been in very large amounts and to
the few. Thus capital has been placed in a
few hands to an amount that the question
with them was how to invest 1T, and, with a
strange u%nanimity, they have almost all
fv1rnaA tnnar1 tho imrrOvan1ant nf tine City
The first illustration of this is found III the
magnificent structure in which the Bank of
Commerce ia qua tered, on Broadway and
Olive. As is we'll known, the Bank of Com
MERGE is one of the biggest winners by the
Granite bonaLza, and it is an every day re-
There is Granite Mountain money! Then
comes the Merchants Bridge and the
Merchants Terminal railway. There is,
| of course, a great deal of money in both of
these enterprises. which never had any con-
nection whatever with the Granite Noun
tain or any other mine, but 1t is a we'll known
fact that the heavy holders of the mining
! stock came forward at a time when stock
subscriptions on the Bridge and Terminal
| company's books were of the utmost
Importance. and that they gave the ven-
lures, particularly Mrs. O.. D. Mcclure, a
great deal of tho push That carried them
through to completion. The next real big
enterprise in which Cratic Mountain
money ia very largely engaged is, as already
| stated, the Security building on Locust
and Fourth streets. As in tho bridge, there
are n.eu in this who know of Granite Noun
tain only from having heard of it, but the
fact remains that a large amount of the
capital is represented by Mr.. l.. M. Rum
sey and others of his mining associates.
Tie building when completed will be twelve
stories in height, and will be one of the
most magnificentlv appointed in the west.
These are the big enterprises into which
mining money has gone. To them might
be added a number of residences which
huve been erected out of mining profits.
There are also several manufacturing pro-
iects into which they have put money and
to which they have given life. The
most important feature. however, is in
improvements and enterprises yet to come.
Granite Mountain have bought property on
which they intend to build when the time
comes. and they think that will be very
soon. These expenditures, too, are all made
out of the earnings of the mine md profits
brought in from the investment of money
made out of the mine, the lntte. being the
source of oil. Among these Investments
have been heavy purchases of st. Louis
railway bonds. which they hold very largely
in lots of $4,000 to $50, 600 purchased ut
u time. The stockholdings In the mine
have not been touched for any OF these. Mr..
Paul Fusz, one of the insiders. was asked,
when the stock fell and continued to fall
until 1t reached $23, II he did not feel poor
mot n bit poorer than when IL WAS $780,
he replied. II always knew IL WAS too high,
and tho mino ~ there just the Same now
that 1t was then."