The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-28

Deveiopmsa. 81 Promising Properties
Delayed by Lack OF Funds
A very intelligent and experienced
miner, In private letters from LOOMS
under date of August 10 and IA, says:
have been around tho country to some
extent sinss my arrival here and examined
several properties that show great merit
and will produce large quantities of gold
when they are properly developed. Bur the
owners are practically without dollar TO
even purchase powder and supplies The
permsnercy OF these properties, in my
opinion. Il fully assured, but until money
can be o9ss!ned TO place them in condi-
ton Tor the economical extraction of ore
progfess will b. slow. There was never n
better chance for capitalists 10 secure val
uabie mining properties. and there are no
better ones IN any country. As soon as
confidence is restored we look for ahnnd-
ant supplies Of money 10 place these mag
nihcent enterprises on their feet, and then
ukAnogan county will be great support
20 Seattle and ether sonnd cities. There
W II be concentrating mills by the score
around LOOMS and In other parts of the
county producing gold-bearing concen-
trates for the Everett and Tacoma shelters
aud gold hnllion for the Inints.
The Spokane mill and mines are shut
down. The ores. like many Others of
these mines. are emily partially free milling
and the mill was not properly equipped to
save the concentrates. The Immediate
cause Of suspension. however, was the
taiinre Of Spokane bank where the com.
pany had over $4,000 on deposit for the
opening OF the mine aud enlargement of
the mutt. When that money is released
tie company intends 10 put IN twenty or
thirty additional stamps. and run forty
stamp mill.
The Trlune company is running on half
time. having no money TO open the mine
properly for the cheap extraction of ore
When that can be done twenty more
stamps will be added. hps there should be
~ least forty stamps to make this one Of
the best paying concerns In the North
uest
The Black Bear company has no funds
and will not cut much Of figure this sea
con. But q run Of MY tens OF ore from
mine in Horse Spring eoulee will be made
In this alll in week or SO, and as IL is
nch in gold. good results wsll follow for
that group of mines.
The Gold HUI mines are Idle new
though taey are iirst-elsss properties. and
~lll produce millions when opened fully
aud equipped 10 handle large quantities Of
ore. The same may De said OF the Pinnacle
ard Bunker Hin groap. a. weil as OF the
Horse Spring mines- There IN no earltal
o. he had for these great enterprises now,
ss IL seems &c be the order Of things in the
East 10 hang On 10 money asId wait fos a
change. liz Is expected that some Cali
foFnia mining men, vita capital, will take
held OF the Gold Hill group this summer,
aud when they come w.th money tue
ccnntsy will improve.
George Dorm. Of ihe Rainbow mine
found some rich gola ore in that mine a
tew days sso and pounded up namaer Of
specimens Ia hand mortar and Got ant
$50 tn gold. and yes that Eine has been
reported A. having been saitsst.
In the last latter this correspondent saws:
Mr. j. J. Laomts. who Was in Seattle
ahcat tao weeks ago. has returned. ana
some Great Northern men came With him
20 examine the mine. l as 20 20 over
The eouasxy With them. There are maaa-
lnE men in the party who are 10 r~rors 20
headquarters with reference 90 shs mines
and ne inducements the eoaasry nsy