Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-20

fast enough to suit him he sold his business
and expended the money received there
from on his mine, ana still no mineral.
Then he borrowed til his credit was about
exhausted. just as he was on the verge OF
giving up in despair his wife drew 81. 900 in
q lottery. This money they began to spend
Mr.. Swickheimer had struck rich ore. He
took $500, 900 out OF the mine and sold his
group to syndicate headed by Crawford
for $l,5O0,oOc receiving 100000 as the first
"The story Of the Rico Aspen mines is
equally romantic. number of the mines
now in this company were, previous to its
organization, involved in litigation, and as
a result all but three or four were idle. Tho
reports OF the richness of this district
reached Mr.. A. B. Roeder, one of Denver's
conservative young business men, and in
company with Douglas L. v. Browne, an
ENGLISH and South American expert, he
visited the property. convinced himself. OF
the value OF the mines, and effected me
gigantic consolidation now known as the
Rico-Aspen. Most of the mines were pur-
chased on lease and bond, and some of them
were purchased outright. A force of 200
men was put to work, and TO-DAY the Rico-
ing company in the world. The ore how
ever is not exclusively silver, but carries
about one ounce of gold to every 100 ounces
of silver
"when the Rfco-Aspen began to operate
It's mines it knew that the richest ore from
the Enterprise was being taken out or
ground close to its own. A drift was run
straight toward tue Enterprise property,
and connections made Herewith wnen it
was discovered that the Enterprise Com
pany had been mining ore from Rico-Aspen
ground. The Rlco-Aspen Company imme-
diately secured injunctions against: the
value OF the ore taken. The Enterprise re-
taliated by blowing up the workings OF tine
Rico Aspen near the point OF connection. A
number of workmen barely escaped killing,
and the general foreman of the Rico-Aspen
came neur losing his eyesight in conse-
quence. The result is that he has brought
suit against the Enterprise Company, claim
ing damages in q large sum.
ITO further complicate matters the Rico
Return Mining Company, a 50, ,0C0, 600 corpor-
alton, with A. B. Roeder and j. H. Ernest
Waters, of Sheridan-Mendoraf fame, at its
head, claim that the Enterprise is mining
ore from Rico-Return ground, and another
big suit is sure to result. The Rco-R Return
Company has IS mines which lie on the op-
posite side of the Enterprise from the Rico
Aspen, and the ore deposits originally found
in the Enterprise run directly through
these properties. 1t is a matter of general
regret at Rico that these ditferepces cannot
be compromised, as mining litigation is very
expensive; but the Rico-Aspen, aside from
being a powerful and wealthy corporation,
has SO much ore not affected by the suits
that it Will make little or no difference with
its output. 1t is understood, however, that
Mr.. Crawford is in New York arranging for
money to fight the suits brought against his
company, and although Enterprise stock
has dropped from Sc so to 81 per share since
the trouble began, it is thought that he will
continue the litigation.
"Swickhe1mer, who owns the City National
Bank of Denver, and who has been men,
Der of both companies, has been placed in
rather peculiar position. His largest in
terests are i'll the Rico-Aspen, and he an
nounces that he will sell at pubic sale at
the Court House on the 26th instant S270, 900
worth OF Enterprise stock.
"The contest atthe present time is attract
ing general attention in the East as well as
at home, Tor it is not often that such i'm
mense interests clash"
Closing of the Market.
The transactions on the local stock board
to-day were as follows: