The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-02-20
THE CUMBERLAND SOLD.
j. Kennedy Todd 6 Co., Of New
York, Secure a Controlling In
terest in the Property.
Tho Mine to Be Opened on a More
Liberal Plan to Satisfy
Fasteners.
somethinr About the Other Producery In
the Great Campfire Mlaing Out
look In the Marysville District.

For some time there have been rumors o
the proposed sale of a controlling lnteres'
in tho Cumberland mins ut Castle. Ih'
deal has been consunlmated, according &c
the following from the H~usbandman: "a
transfer was effected Tuesday of this week
At the First National bank, of this place
through Mr.. C. e. Severance. of a contro'
of the Cumberland Mining e. Smelling
company to the firm Of ]. Kennedy Todd 4
Co., of New York. Messrs. Todd Il Co
werO represented here by Mr.. G. 0. Parsons,
we'll known in Boston and Now York min
ING and financial circles. On the future
policy Of the company he said that would
be 4 matter for the consideration OF the
new board. The company is now working
in q body of fne carbonate ore, but to sat-
isfy eastern investors it will be necessary to
open the mine on a more liberal scale and
show up reserves for future opera
lions. Mr.. Parsons returned to Castle
Yesterday to attend q meeting
Of the trustees when it is expected a new
board will be elected. From the best in
formation we can gather in regard to the
matter there will be no change in the pol
icy of the company except that develop
ment will be prosecuted more vigorously.
The sale places the company in an easy
position financially and interests unlimited
capital in its operations, and too much
praise cannot be ascribed to G. E.. Sever
adce for the wonderful executive ability
Displayed in interesting such a strong firm
in the Castle mountain mines, as it can
scarcely fail to result in great benefit to
the company and to the country at large"
r., ~,<o,o~oo 10 thu ~orl- wow haipu 1ppA
on the mine the same paper says: The
Cumberland mine is being worked more
successfully at the present time than ever
before. This ore body is so large and the
hosting and other machinery SO complete
that the matter Of supplying the two
shelters is but a small item n it is done
by six men stopping. There are. however.
about thirty men employed continually IN
the mine. Part of them are running drifts
to better explore the mine, some sinking
shafts, and others preparing tiInbers for
the various places. A large body OF lime
rock has been found near the vein at the
50O-toot level which is just the thing re,
ouired in smelling, and 1t Is being mined
and used for that purpose. Finding this
lime rock has been the means OF q great
saving to the company. 1t is taken out
about as cheaply as the ore and Is delivered
at the smelter in the same manner--the cars
in which it is first placed being holsted and
run to the ore bins without change. One
great feature of the mine is that there is no
waste to be picked out. It is all ore and 1t
ID go easily smelted that the actual cost for
mining the ore is very slight. The sneiters
are running and a steady stream OF metal
is pouring. The largest OUTPUT yet reached
was attained last Friday, two carloads of
bullion being the result of the days run.
and it came from about ninety tons of ore.
The good weather of the past month has
enabled the teams to get a good supply OF
coke ahead and it is not likely that the
smslters will have to close down on account
of tho want of fuel. Mr.. Thomas Ash,
president of the company, Is IN personal
charge of the mine and smeiters and Is
making numerous improvements over the
former management, saving many dollars
for the company But he says, however,
that tho task is too severe tor MIN TO STAND
and that he does not expect to remain long
after he gets things completely systemat-
lied and in better working shape.
The Cumberland is by no means the only
mine in the Castle district which is ready
to produce ore in considerable quantities.
though it is the best equipped OF any ana
has considerably the start in the way OF q
reduction plant. Mining men here who arc
we'll posted state that there are no less than
twelve mines which. with a little prepara-
ton, could be producing ore IN large guam
titles. Prominent among these are the
Yellowstone, Iron Chief, Lead. Alice, Legal
Tender, Judge and Blackhawk. The yell
lowstone is represented as looking very
fine now, and with a couple Of months
sinking and the running of levels will be in
trim for a large output of ore. Work in
this mine is progressing favorably and the
main shaft will be continued to the depth
of 700 feet and the ore body cut at inter
walls of fifty feet along the way. The ma
chinery is ample and in good trim for opeta-
ton. and the work of cross-drlfting as we'll
MS sinking is kept up right along.
The new shaft of the Iron Chief has en-
countered an eight-foot vein which is half
filled with ore of a quality quite the equal
of any found in the camp and the owners
are much encouraged. They are proceed
ing moderately, however, doing most of the
work within themselves and a few men who
are to take their pay in stock in the mine.
The Legal Tender, Alice and Judge have
good hosting machinery and pumps. They
could in a short time, if there was a mar
ket, be producing ore.