The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-02-24

Thirty Thousand Dollars Already Pledged
In Castle for = Railroad From Hell
ena to That Place.
There has been q great deal Of s%pecula-
ton as to just what the sale OF the Cumber-
land mine to New York capitalists meant,
the announcement Of its contamination be-
ing a surprise to almost every one. It has
heen openly announced in Great Falls that
the sale meant that the Cumberland COM
pany would actively support q proposition
looking to the building of a railroad from
Castle to Nelhart, as against a line from
Castle to Helena. Those who are in a po-
sition to know have doubted the truth Of
this sweeping assertion, and alleged that
the sale only gave the Great Falls people a
chance to make q noise, of which they were
not slow to take advantage. That this was
the correct view is confirmed by g. o. Par
sons. the representative of j. Kennedy Tod
d Co., of New York. the purchasers of the
Cumberland. He was asked by q reporter
OF the Castle Tribune, '.What are the PROS
poets of Castle acquiring shortly a rail-
road 2" and in reply said that the camp
needed q road very badly but he doubted if
a road would be built into Castle on any
assurance that the Cumberland COMPANY
was at present able to give" When asked
which load the company would favor?''
lilo answered, II think that when the diff
ferent mines of Castle were in a position to
guarantee a traffic the shortest pull would
get away with the persimmon. If it could
be shown that it was to the interest of the
company to patronize the Helena road. it
would undoubtedly receive it. I do not
understand why the Livingston project
is meeting with so little favor at
present. There is much that
might be said in favor Of that
route. As for the Neihart proposition I can
say but little. Mr.. Hill was a crank on low
grades. and unless he could build a road
which could be operated better and cheaper
than any other road in the west it would
have no attractions for him. No survey as
yet had been made, and no one can say
whether the road was feasible or not.''
CO. Severance, who engineered the sale,
and who has been elected president of the
Cumberland company, in an interview in
the same issue of the Tribune, confirms
Mr.. Parsons. Regarding the sale and the
intentions of the company, he said: by the
recent sale of alarge proportion of the stock
Of the larger holders OF the Cumberland
Mining d Smelling company, the control of
1t passed into the hands of j. Kennedy Tod
d Co., of New York City, who are among
the strongest bankers on Wall street, and
who control a practically unlimited capital.
What the future policy of these gentlemen
will be in regard to Castle can be deter
mined only after a careful and thorough
lnUAGtiratInn nf tha raany1rcan nf thiu -1ip-
trict is made. But owing to the difficulty
Of determining the resources in the present
undeveloped state of the propelt ties heie, it
is only fair to say that We are not at present
in a position to protfer any assurance what J
ever to q railway, unless we may-as we
would like to believe-rely upon the precious
promises of our Helena friends that they
are EN- rapport with some vague and mys- +,
terious powe. in tbs East which will build J
us one-for a consideration.
"At the regular meeting Of the directors :
of the Cumberland Mining d Smelling Co., +.
which was adjourned from the 18th until
to-day "Wednesday, the 17th,) the follow :,
ing voluntary designations of directors
were accepted, namely: b. r. Sherman, :
Len Lewis and f.. j. Anderson; also T.. S. :
I. f. Sherman as vice president. In place !
of the three persons that resigned from the I
board of trustees, j. Kennedy Tod, Chas. {
b. Carr and H. II. Severance were elected I
to fill the vacancies. At the meeting Of the =
board Chas. r. Severance was !
president, j. Kennedy Tod vice .
president, and A. j. Huneke, general man :
ager. :
For the immediate present the policy of !
the min will not be changed, notwith- :
standing the change of officers, and both I
stacks of the smelter will continue to run :
under the able and in every respect excellent :
management of MIR. Gordon, whose record at =
Castle has been as honorable to himself as '
it has been profitable to the Cumberland =
Mining and Smelling company. Upon the :
of development the operation of this :
plant must largely depend. 1t will deter l
as before stated, the policy of the :.
company with regard to this mine in the ;.
more remote future.' :
1t Will be seen from the above that SO far
MS the Cumberland company lis concerned,
the road that gets into Castle will get the
business, and whether it go from Helena or n
.elhart, it need expect no aid from
That SOURCE. Meanwhile Helena has
$50, COO for building a line, and
White Snlrh ur about $35,0OO. In each of
these cities the amount will be largely IN
creased. Castle, meanwhile. is not idle, as :
the following from the Tribune proves:
Last evening a letter was received from
James King. of Helena. the chairman of
the Castle committee that was appointed to
promote the building OF a railroad between =
and Castle. lhe Helena gentle
contribution to this cause will be S15.GOO
and that of the Castle Water and Power
company $4,000. In addition to this large =
amount 1T IS expected that at least $4,000
will be subscribed by the merchants and
property holders in the town. When most
81 me persons are seen by the committee \
mat own large interests in the leading min =
ing properties of this district, 1T is thought
mat Castles subscription to this noble Oh
Will be very creditable."
The Helena committee is yet at work co.
letting subscriptions and will not stop nm 49,
chance to subscribe. +
= IL
10 not leave st. Peteer's hospital to strnpo,o &C
lone unaided IN its efforts to care for the sion nnnI tn