The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-06-24
IT IS A FAVORED SECTION.
Rich Mining Country That Gives
Assurance That Good Times
VIII Continue.


That Ara supported.
While in point OF population tha ming
camp Of Mhrysvillo rAnks second In tho
state. In ths produoiiyensns Of her minSo.
In che sIisn, Of the rich. eolt-bearinR min
srHi country adjacent 70 hor In this
prosperity Of The people who are devsl-
opiaR tho country. aud In ths prospects Tor
peTmnnsnoy and growth. abe ID equal not
only 10 any mining camp in Montana, but
10 any 10 tha northwest. There ia to-day
no town In Montana. OF In any adjoining
state. big or little. 30 prosporoua, whsro
hard times have been so litils felt as in che
little camp Of Matysyille. With lie popula-
tion OF 5000 souls. year ago. when
other towns wsro beginning TO feel the 6rs,
effects OF the financial crash. Marysville
began 70 take another advance stop. This
was due TO promising Developments in the
rich gold distrlets tributary 10 the town,
Bnd also to the fact that ths Montana
Mining company, owning the celebrated
Drum Lummon property. had Just encoun-
tered n new mineral zono In one Of ita
properties that assured the continuance OF
active work on this great property for aomo
time TO come. The mining district tribu-
earJ 10 MsrysvilIe. Is gold bearing
country, and its mines are operated for
the yellow. and not for the white metal.
In consequence. while the silver mining
oampa OF the state have beon seriously
affected BY tho slump In silver 10 has had
the reverse effect in the Mnrysyil.e distriet.
More attention has been devoted TO gold
pros critics. more development work done on
them and more pfospecton have been
abroad looking for them. So that for the
past year. there has been not only a large
increase In the number Of men employed in
the mines tributary 10 Marysville. but her
merchants have enjoyed an increased busi-
town In some cases has doubled. No city in
the state has seen within its limits the
erection Of more new buildings during the
pnst year. Since the spring began fiftssn
neat and substantial residence and busi-
ness houses have been comp,eted and five
more are now In tho course OF construction.
A piece OF real estate that a year ago sold
for 500 recently changed hands for 81 200.
The business Of tho railroad company. both
passenger and freight 10 double to-day
what 10 was year ago. In fact whatever
direction investigation may take. the storr
10 the same-7rowth and prosperity. Ths
great factor In the prosperity Of the town
Of Marysvills Ia the Montana Min
Ing eompsny. Nearly everyone In
Montana knows ths history Of this
great enterprise. How number
of Jears ago, Thos. Ofuse, of Helena, sold
the great Drum Lummon mine to this eom-
pany; how for number Of ysars immcii-
ateIy following the sale. the new owners
we're the recipients OF handsome returns
from their investment. Then a lew yea
ago dividends oeastd and the company did
not mako more than enough out OF the
property to pay its running expenses and
tue exploration of new ground. But the
English company. aHd particularly Mr.. Il.
L. Beyliss. the managing director Of the
mine. had every confidence In the hnal
outcome, and this confidence during the
past twelve months has been fally jostihsj.
The best illustration OF the permanency
and richusss OF the mines owned by the
Montana company is furnished BY the re-
port made By Mr.. Bafliss at The stock
holders meeting in London oo June G.
Nv huustiuA Daflihb hAlos LUIS
now discovery OF the New Castletown lode
discovered about a year aeo) has Qiven US
more than mere bunch OF o,e. Ii has
given ne an entirely independent vein and
i may say places US In possession OF new
mine. The average net value OF the
ores treated for She half year end
ing June 80, 1888, was 1916 reT ton.
For the half year ending Des. 81 1898. the
average net value per ton Of ore treated was
$3.50. while for tue LneIpirod month OF
the current half year the average ne, value
has been si0.0a During tho month OF
May. 1894, the net production Of the mi ne
was $4,000, the working expenses S36' 800.
showing pro1t for tho month Of $50, 100.
When this Ieault 10 compared with the re-
salt OF the operations Of the month OF
March, 1898. which showed loss Of SlG.-
5T2 II will 10 %, n thai the Montana Min
ing company has every reason 10 look for
ward to the time In the near future when II
will be again paying diyidsnts"
Az the present time the company 10 ON
ploying more men than ID has for q number
OF years. n net in its history. 400 namss
aboat, appearing on tbe pay roll. Tho auo
cess that has attended the operations o
tho Montana company has resulted In sh'
development Of other Rold-producing prop
critics In ,bs immsdiate vicinity that mign
not otherwise have been thought OF
Among the most prominent Of thOss Ia Oh,
Bald Butte, situated about three and one
halt miles aouth Of Msrysville, which en-
ploys forty.tive men and has bsou a regulal
dividend payer for more than two years
while the development work ha.
exposed sufficient ore 10 qua.
sn,es tha, ~ will remain diyi-
dend payer for yshrB 10 come. The oAml
Of Bald Butte 10 tributary 10 Mafysvillc. aa
is the camp OF Penobsoot located thros
miles south Of MaryayillS. where tho Long
maid brothera arc operating The famon,
Penobsoot mine. employing twenty seven
men aud bringing into Helena every twelve
or hfteon days good sized bar Of gold
bullion.
Two miles southwest Of Mafyayills h 10
Gated the PisgAn mine, recently bonded by
Samuel Word. OF Helena. add others OF
this city. for n halt q million dollars.
EhouGh devslopment work had been done
ON tho Piegan previous 10 the tims M,
Word bonded the property 60 prove ita
fichpsus. Seventeen mon arc now em-
pioyed AZ the PiegAn. while n large amount
ot building 10 being done 40 Glosler TO Ao-
commodato tho employees al the mins.
Mr.. WORD and those associated With him
a. the time Of the bonding OF the piegau
purchased all OF the Empire pFopertY. in-
| cluding q mill that cost noafly quarter ol
million dollATa end also the Bell Boj
mine. tbs Empire mill has been started
mp on PieaaD ore aud thily stamps are
now dropping. This number will DO iu
creased 10 forty within the nsnt few days
Opo atlons 70 far on the Pleaan have moT,
than realized the hopoa Of Mf, Word and
hia aaaooialee, aud In a little while thoJ
Will commence work on the lioll hoy anc
the CLEMSON faction, an adjoining claim,
thuo Riving employment 10 more men.
Another iioh tributary section 10 Mays
willie 10 1OwnleY guleh, three and hall