The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-10-25
ENGLISH CAPITALISTS.
They Engage in an Extensive Mining Deal
in the Black Hills in Which w. F.
Smith, M. W. DAILY and Other
Madison Citizens Are In
terested.

Deadwood Times %: Representatives
and officials OF the Thunderer Gold Min
ing company arrived in Deadwooj yest r
day afternoon over the b. and M. road to
perfect the transfer OF all property
owned by the Bald Mountain Consolida-
ted Mining and Milling company which
the new company succeeds by purchase.
The property consists OF fourteen loca-
tions, all we'll developed, showing large
and valuable shoots OF ore. Six Of these
locations are in the Bald Mountain Sec
tion of Whitewood quartz mining dis
trict and the other eight at Garden City,
in Ida Gray district. In with these lat
ter locations there is a COLONIZATION
plant of sixty tom daily capacity. The
transfer from the old to the new COM
pany will be completed in about weeks
time. As soon as matters are arranged
the Garden City plant will be overhauled
and placed in operation, and work on a
new plant OF 260 tons daily capacity at
once commenced and pushed to compile
tion. Following this a second one OF
same capacity will be erected. The cap
ital stock of the new company consists
of 100000 shares at one pound or So per
share. OF this amount $4,000 shares are
placed for working capital and the pro-
ceeds are now available for immediate
use. Albert Grant of London, Eng, is
chairman las he would be styled here)
OF the company, a man of unquestioned
financial ability, and is the ruling spirit
of the company. The officials who ar
rived here yesterday are /, ohm r. Hall,
company solicitor; G. G. Warnford Lock,
NJ. E. and general local manager; A.
Worthington Topp, resident director
and vice president; r. N. Bonsfield, chief
chemist and assayer; Il. Hall, resident
secretary, and his brother, S. Hail, both
OF whom bear the same relation to the
company's solicitor. The latter will re-
main until the transfer OF the property
10 perfected, when he will return to the
company's office in Loudon. Accom-
panying the party are Mrs. John r. Hall,
the SOLICITORS wife, and Mrs. G. G. Warn
ford Lock, wife of the general manager,
Mrs. Hall will return to England with
her husband on the completion of his
business here, while Mrs. Lock will re-
main with her husband as residents oil
the city for some time TO come. The
party enjoyed their trip very much, a
slight accident 20 Dir. Hall on shipboard,
by which he sprained his ankle, being
the only annoyance experienced. 1t is
the intention OF the party to take q trip
to Bald Mountain to-day, a special train
being chartered for their use, and the
favorable impression they have already
fornedtof the Black Hills will be greatly
strengthened by what they see of the
mires during the day. The organiza,
ton OF this company is mainly due te
the efforts OF w. I'll. Jones of Madison
y. D., who, on a visit to the Black Hills
about a year ago, was greatly impressed
with what he saw Of our mineral re.
sources, and the almost inexhaustible
bodies OF ore exposed in the workings OF
the property above mentioned, as wei
as others in the same vicinity.
u ' E Far .r tsL