The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-12-14
GOLD DIGGERS.
Black Hills People Elated Over the Ad-
vent Of English Capital Madison
Citizens Interested.

During the past two or three years,
w. f. Smith and other Madison citizens
have been interested In the development
OF mining property in the Black Hills.
A plant was put in near Deadwood,
known as the Garden City COLONIZATION
works, and for several months the mill
was operated under the superintendency
of w. b. Cameron, formerly q resident
OF Madison. But it seems the company
did not possess capital sufficient to u
cessfully develop the u Of it's
property. and the plan OF interesting
English capital in the enterprise wa
conserved and has within the past few
days been carried into effect. w. +.
Smith, w. B. Cameron and w. III. Jones
each visited London and finally succeed
ed in inducing English capitalists TO
visit the Black Hills and inspect the
rich u OF that portion OF the
state. To see was to be convinced, and
the result is immense investments. The
Deadwood Pioneer of recent date gives
an extended history of the deal from
which we extract the following:
1.-THE deal involves the transfer OF all
the interests OF the Bald Mountain Con
solidated company to the South Dakota
Mining company.
"The company was organized in Lon
don, under English laws, and was christ
ened the 'Thunderer,' End capitalized in
the sum OF 100000, or a million and a
half OF American money. The entire
amount of stock is in hand and available
at any moment. The company was or
ganized to conduct mining and milling
ventures on American soil, but IN the
Black Hills particularly. The board OF
directors are: Baron Grant, chairman,
A. Worthington Topp, nj. Inst, c. E..
deputy chairman, r. j. Jenkins, j. e.
Glinister, K. McLea.
1.-The working capital of the company
is f25,000, with a reserve capital Of f30,-
900. After The purchase of the Bald
Mountain Mining company's properties
and those held by w. b. Cameron, as
trustee, Messrs. Topp and colleagues
formed what is known as the South Da-
kota Mining company. The object of
this formation was to comply with the
act regarding the operations of a foreign
corporation on American soil. To COM
ply with the 9 organization all the
gentlemen became Americans by natur-
al zation. The company is differed as
follows: A. Worthlngton Topp, engineer
and president; G. G. Warnford Lock,
general superintendent; T. I'll. Boustield,
chemist and assayer; Thos. Starkey
Hall, secretary. The same gentlemen
constitute the board of directors. The
amount involved or the terms of the
transfer are private matters which the
new company do not care to make pub
lie"
The company win proceed at once to
develop It's property or an immense
scale, and when fully under way the
names of at least 500 men will appear on
the pay rolls. The Madison gentlemen
interested in the enterprise acquired
large blocks of stock in the company
and portions of this they will place upon
the market in Europe. Messrs. w. F.
Smith and w. FL. Jones, are o en- route
to London for that purpose,
Choice mixed candy, 10 cents per ID.
Fancy mixed candy, Is cents per ID.
Fresh peanuts, IL cents per %.
25 quarts cranberries for 81.
at H. III. Merricks.