The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-06-13
RICH IRON MOUNTAIN.
a Missoula County Mine That Is
Rapidly Getting Into First
Place.
It's Equipment Now Such az TO
Promise Regular n IN
creased Dividends
FL. Nav owners Of the Broadwntsr Group
Pushing Work ON That fropofty-
The spokane smelter.

Thu IRON Mountain mine has iust paid
another dividend OF three cents per snare.
or S1b. ZOO, being tho thirteenth DIVIDEND
.iucs the organization of The company IN
1859. making q grand total OF $2SO.OOO paid
10 date. This 10 . splendid showing for
.his propsrty, whom il 10 taken into CON
Alteration the almost ln~surmounsa0le Ohm
eulties the company has been eompsllso se
labor under from the very day . PICK val
Rr,t struck INTO The ground. Over $ss.Ut
has been expended BY the company. IN III
early history, in the conjunction OF wagon
roads. railroad spurs NJ Paradise, the sfec-
Aiou of ore bins, and the very expensive
frsichts from the mins to the railroad, BE-
fore the Construction Of The Coeur d'Alsns
branch Of the Northern Paciho railroad
from Missoula, . distance OF sixss-nve
miles. ali OF which has been . dead loes 70
tho company and an expenditure who's
.,nnot again occur, because Of The present
excellent facilities fol the handling ana oe-
liverinR Of the ore 40 extracted ITO" sns
min over The railroad and ramvsy CON
structsd and owned BY ths company.
Bsfors the construction Of this railroad
and trsmway the company wac compelled
20 nav one dollar Per ton for wagon trans
~ortation OF ores alone: by means Ok shs
ramvsy and railroad this sum has been
reduced 70 4 cost OF twenty cents psr Ion.
Alsros hoist capable Of sinking l0CO fes'
lower than ths deepest workings IN sns
mine Al present. together with two lsF9e
additional boilers IL now on the ground
ana vorkmsn ara busily engaged In asssinR
AN AAlA~AV rv0NN a
station IL also being ont 81 the bottom o.
~ nyeaenA vofkinRs aud the hoist now IN
use viii BE- installed In IL and work 40 on
The old dump, sonaaing about 5000 toni
az ore. has heretofore been considered q
practically woSthlesA or rather NOS OF SUI
6oieat high grade TO work under ne e1ist.
been decided to send this ore e
1hs eoncentratoz. that whasevs1 Of
s a. s.,,.e..s and ns Z. no sSa's 20 into III IL
pockets OF the stockholders. A constde!a-
ble sum ID expected from this source. Thi
dump will be run through the mill a. oda
times, a. Two car loads Of ore from u
mine, each worth absut $1,VU net, 10 70
eeived II tho mill each day.
A 1he development work In the mini
pYooresses the ore bodies are not onl!
videnina ont, but are found 10 BE- improv.
ing In quantity and quality a. dspsn T. AZ
tained. and With tho present eapacion
plant, with tho additions now being mad
10 il. giving ample facilities for ohssl
mining and cheap concentration OF orea
there Il no reason why the Iron Mountain
should not At once take rank among th
great mines Of the state. The managers 9
the property announce that with the facil
tiles for development at hand. all OF who
il paid for,) they will be able TO keep do
vsiorment far enough ahead OF the extras
ton and reduction Of osss TO hereafter pa.
not only regular monthly dividends for
long time TO come. but that these dividend
will steadily increase In size.
When the new electric plant, with its 3O|
i~noandesoent lights. are in place, tho worl
for which 10 now going forward, it woul'
seem that the modern facilities of the lHol
Mountain would leave nothing to be de
sired, In the matter Of equipment for econ
omioal mining. From forty to fifty miner
are given steady employment In the Mains
and about twelve men at the mill. Th
company now has . balance IN hand o
over SIS, 600.