The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-12-18
RICH IRON MOUNTAIN.
As Development Proceeds the Prop
srty Merits the Condolences
Of the Owners.
Al Average OF q Carload OF Con
o-sntYaaas Shipped Each
Day to Helena
H1.tnrv II the roperty--R Bricks From the
BLACK 1srar-Ncws From Jofierson
County Properties.

Eaports from the iron Mountain are TO
TIA tAfecs that the property is looking bet
WI than ever as Development procasda.
sinking ii nov in progress, tho shaft
being down fifty feet below the lowest tun-
mel. AT average Of q carload OF concen-
trates IL received every day ~ the EAST
Helena works from tho mine. II is NOS
probable there will be q dividend declared
this month. as the new ~concentrator look
d lot of money, and the laying IN OF fuel
and other supplies must be attended 20.
At one time and another the Iron Noun
tain has attracted a great deal Of attention,
ana ii has passed through all the expert
enccs encountered by mining properties OF
merit. A correspondent writing from
Superior gives the following history OF she
nronerty: The claim was discovered by
prank Hail and others during the summer
Of 1883. and was surveyed and located
Eeb. 10, 1889. Shortly afterwards
several capitalists became interested
III the property and some adj
Joining claims. They incorporated as tho
IRON Mountain Mining company. with .
capital stock Of SS2,D0o,o0c. the shares being
4 each. The principal shareholders at
present are II. s. Eate. Helena, president;
Samuel Word, Helena. vice-prssldent; q.
u. Dahler, Sit. Louis, treasurer; A. NJ. Hob
ter. Frank Hall, Chns, Kaufman and y. Il.
pardee. The operatlon of the mine Was be-
run4 In the spring of 1882, before the Occur
d,Alene branch ofsthe road was built, and
ii order to get the ore out of the mountains
the 4 expended about $4,000 In
oneuina the road from the mine to Para
disc. d station about twenty-five miles dis
tant on the main line of the Northern Pa
eiio road, The ore was hauled about
twenty miles by teams and then carried five
miles further by boats on the Missoula
river Is Paradise. where it was loaded
on The cars. Notwithstanding this
expense the min proved q paying
investment. mud was soon able to declare Q
dividend. TO do this, OF course, required
Ole Of remarkable rlehness Had the com,
pany known that the Occur d'Alene road
was to be built as soon RS it was the expense
Of opening the wagon road to Paradise
would have been avoided, for the distance
to Iron Mountain station ia only about six
miles, with a down grade to the Missoula
river. Az soon as the Cpur d'Alene branch
was completed to Superior the road to Par
adise was abandoned and tho ore hauled
to Iron Mountain station, saving the COM
pany many dollars in transportation. The
ere taken from the Iron Mountain mine is
termed steel galena. II is very rich, run
ming SO per cent. lead and from 50 to 40
ounces silver to the ton. Since the organ
ization Of the company five dividends have
been paid Of S25,oo0 each. and this after
largs SANS we're spent in opening up the
property, which has been done regardless
Of cost.
The mine ia located on a well-defned
lead, but thus far the bulk of the ore has
been taken from a shoot or blowout from
the main ledge. II is q h%igh-grade ore; lies
IN large bodies and continues to improve
as depth is obtained. The ledge varies in
width from four to ten feet of almost solid
mineral, and is found between good walls
Of blue slate md white lime rock. It runs
east and west, dipping about twenty de-
grees to the moth.