The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1891-01-08
AMONG THE LEUCES
Our Mining Editor's Weekly
Contribution.
'pHE EAST GRANITE COMPANY
Title to the severa. Claims seu.d
Title to the Several Claims Round
Perfect and Bona E.Efted-Dees:s
the Miners and Business Ezen Al
ready-Other MiniHg News

recentlyOrganlZed East Granite company.
Twenty thousand shares OF the treasury
stock have been disposed Of to the miners
and business men of Philipsburg and
Granite at fifty cents per share. II is not
the intention OF this article to attempt
any long-windea description of the
ground or useless eulogy Of any of the
promoters, other than to call attention TO
the fact that James K. Pardee is the
president and general manager and that
he is giving it his personal attention.
Any comment on his management would
certainly be supertiueus. The other pro-
moters are Philipsburg capitalists and
business men WHO have an abiding faith
in the future OF the district.
Although some time before the eXpira-
lion of the escrow agreements, The bonds
On the several properties we're taken up
on the 10th of December. and the money
paid over t; the original oYaers Of the
ground, and nothing now remains except
to push development work, and to this
end Manager Pardee purchased a hoist
yesterday, and as soon as possible the
present shaft will be sent to the 200-foot
loyel. Until the hoist arrives, and while
it is being placed In position, work will
be continued, but just at present, owing
to the great number OF visitors who insist
on going down the shaft, sinking has
been somewhat slow.
In the seventy foot crosscut there is
solid three foot ledge al good looking ore,
running east and west and dipping slight
ly to the south, and while he ore at the
present depth is not rich. yet it is of that
character that always precedes the richest
ores in the granite.
Desiring to give the public; some hing
reliable in regard to this property. ex-
tracts from a repor5 furnished the com
pany and others by Thomas L. Penrose
we'll known IN mining circles and for
years foreman of the Granite mine under
Capt. John W. Plammer. were procured
and are as follows:
J. K. Pordee, General Mt.Hugc, ci tie East
Granite Co., and others, ffentientcn:
by special request OF tie public OF
Granite and vicinity, I have made several
close examinations Of the recent develop
ment work on the New Departure lode
done by your company. and take pleasure
in submit ting the following report:
he New Departure lode is situated
about two thousand feet south OF the
main shaft of the Granite mine. The
country rock is a decomposed granite,
which works easy and is very similar to
the upper lodges Of the Granite mine.
The vein in it's general course runs
parallel with the Granite yein-wide.
strong, and we'll defined with a slight
dip to the south at the seventy-foot level.
The groupings on the surface can be
readily traced both east and west the
entire length of the claim, but owing to
the inclemency of the weather [ was 11n-
able tn trace If any ff1J bar
Forty feet from the surface in the shaft
on the New Departure lode, about fifteen
feet, shows two and e-half feet OF bro
ken quartz At the severty-foet cross
cut, about twelve feet north, the vein
was found to be better defined than
above and 81 feet in width.
The character of the ore is precisely
the same as the low grade ore of the
Granite, which has always been indica-
tive of very rich ore near it III that mine
The near proximity to the Granite mine,
and the almost exact similarity Of the
ores, lead nae to believe that the East
Granite Company, within its properties,
namely: The New Departure Montreal.
Boston, Welch and Black Rock lodes,
have a most valuable property, which
can land l understand wild be very
quickly and cheaply developed
To any one seeking an investment |
aan conscientio11sly recommend the
stock of the East Granite Company, as [
firmly believe that it only requires the
depth of 100 feet more to place the prop
erty on a paying basis. l also find the
property we'll supplied with fuel and
mining timbers. I beg to submit. most
respectfully. THOMAS L. PENRosE.
A rroof D,oru o,apt 1op,nc box-a visit oil
the mine the past week. and their
opinions are worth quoting. but for want
of space only few of them will be given.
Thomas Treveaille. when asked his
opinion of the property. said Il consider
it by far the best prospect for great
mine ever discovered on Granite Noun
tain with the same amount of develop |!
ment. Henry Browning. we'll known |
expert miner, has no doubt but that it |
will be dividend payer from the l50-feot
friends to buy stock. Judge D. NJ. Dur
fee, Ihos. Weir, Angus 1. Mcdonald, !
Frank Hatton, and host Of others have
examined the ground and agree as to its
value, and Supt. Weir is reported to have
said a great many very encouraging
lhings about the company's future.
The Mbinatfon.
We have the report this week from a
pretty reliable authority that Mr.. Lewis,
president Of the Combination mines at
Black Pine is virtually working in the
inter est of the Granite company. It is
laid that it will seon become known
TACT that the Granite company already
have the controlling interest in the Com
Dination properties and that they have
,btained the same through the instru-
mentality of Mr. Lewis. It is known that
Mr.. Lewis has purchased for the Granite
company two-thirds interest in the Cali
.ornia claim from Messrs. O'Breln and
p.uG.11 for thA s1,m of SfHO The ra-