The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-07-28
MANY MILLIONS,
Helena Men Become Interested in q
Rich Section OF Meagher
County.
The Montana Gold Bar Company
Proposes to Work Near
Diamond City.
The Flathead OIL Discovcry-Colorado
sstting tho Pace for Montana at the
Worlds Fair.

EARLY re1iQ0nto OF MoutAnR, ehpecAAiiN
those who lived in tho vicinity of Diamons
City. in Meagher county, from 1866 to 1871
always refer with pride to the millions o
dollars in gold the placers in that vicinit!
added to the wealth Of the world. It's NJ
undisruted fact that the richest placers eve
discovered and worked were those tributary
to Diamond City. During the past twent,
years not 20 much has been heard OF TIT
riches of Confederate. Whites. Montana
Cement, GEeenhorn and Johnny's oulches
but they have been adding to Montana
gold output, nevertheless. The sale o.
what 10 popularity known as the king
placera." located in Confederate gulch. fo'
S70O,OOO a few weeks ago, has attracted re-
newed attention to that section OF Meagher
county. The new owners will conduct OPP
erations on a much larger scale than ever
before, and the prospect is that 'old Con-
federaten will be heard from again In the
next few years in q way that will surprise
the newcomers.
But il ia not alone as a producer OF placer
gold that that section is likely to gain re-
newed importance. The survey for the
Helena, White Sulphur Springs 4 Castle
RAILROAD takes the road up Whites Gulch,
and this has %encourged the owners of quartz
to develop their properties. The first move
in this direction has been made by the own
era Of thirteen claims. situated on the Belt
range, about two miles from Whites gulch,
and at the head Of Montana eulch. The
owners have consolidated and formed the
Montana Gold Bar Mining company, with
a capital stock of 5000. 900, in 81 shares.
The offices OF the company are L. Rotwitt.
president; E. C. Babcock. vice president;
r.. v. Harvey, secretary and treasurer; B.
F. Forbes, general manager. These gentle
men, with Chas. B. Doggett, constitute the
board OF trustees. The properties owned
by the company are the Western Star,
Lone Tree. Three Sisters. Slim Jim. Red
Rover. Gray EAGLE ids' Alice;
Bar, and a water right to
the Montana guloh water. Twenty years
ago a Philadelphia company owned the
property and put up . mill, expanding in
one way and another a good nan thous-
ands of dollars. But beyond scratching
the surface they did absolutely no work on
ject yesterday sald he could not account
for the property lying idle so NAM years.
save ON the ground that they were so far
from q railroad. He said he felt assured
that the famous Montana bar, which pro-
duced over q million dollars in 1866 in
placer gold, was fed from the vicinity of
these quartz lodes.
Tho aggregate Of all the development
work on all the claims is about 600 feet, the
deepest shaft, that on the Red Rover, being
down ITO feet. Assays of the ore from var
ious claims give the most encouraging re-
suits. That from the Three Sisters gave
$685. 80 per ton; from the slim Jim, 1884;
Western Star, 1913; Ida. $13O.57; Red
Rover, $65. 80; Lone Tree. $685.. IL. These
assays, il must be remembered, are of ore
taken out in prospecting. General Manager
Forbes has secured a ground floor room in
the Harvey block on Grand street, where he
has displayed samples of ore and maps of
the property. He had quite a number of
visitors yesterday, and all were surprised at
the promising character of the ore. 1t is
proposed to develop the property in a sys-
tematic manner. and to do this 10O, 600
shares of the stock have been placed on the
market at 1919 cents q share. The stock is
worcestershire. and as the company owns
the property outright, the money received
from the sale of stock all goes into develop.
ment, and not to pay for the mines.
The gentlemen connected with the COM
psny are all we'll known and reputable citi-
zens Of Helena, DR.. Rotwitt, the president,
being probably better acquainted with the
mineral resources of the section in which
the Gold Bar company will operate than
any other man in Helena. The success of
the enterprise means a great deal, not only
for Meagher county, but for Helena and the
state as a whole.