The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-03-27
GOLDEN SUNLIGHT SALE.
The Biggest Mining Deal Made II
Montana for Quite = Long
While
A Jefferson County Property Tha
Has Changed Hands for Halt
"a Million.
The Deal Carried Through by the Amsri-
lean Developing 4 Mining Co Per
sonnet OF the Corporation.

The biggest mining deal made n ,his
stats in long while 10 the sale OF the
| Goldon-S Sunlight 2 CUP OF mines IN Jshlr-
son county. near Whitehall, 60 New York
/ syndicate 70, $500. 600. The frat payms nt
on the purchase has been made. Few
DAYS after the sale Of the Golden-Sunlight
gsouD came the news OF the sale Of the
POO man mine in the Cear dAlene com
try 90 an English syndicate for half mil
lion. These two sales fos such large sums
coming 80 close together indicate that cap
ital IL ready 60 go Into mining whore there
IL somsthing Ia sight 30 justify al invest-
menL They also show that capitalists re-
gard leg innate mining enterprises as good
Investments which will return good in
tersst on the money put into them. The
good effects Of the sale OF the Goldsn-Sun-
light group are already felt In she nsighbor-
hood In which the mines are located.
reports from there beiaG TO the effect that
many properties that have lain idle for
long time are going 10 be developed this
season. and that pfosneetois are only wait
ing for the SNOW to go of in ofder TO start
out into the hills.
The sale Of the Goldsn-Sunllght group
most successful, and ~ she same time Que
OF tie Youngest mining companies OF the
stAte-thAt OF the American Developing
and Mining company. Ibs stock OF this
COMPANY Is held mainly by Montana mining
men, and its officers ars men who have
made mining their life speciality. It's pres
idsnt. Bernard Macdonald. Ia "A miner
with a wide range Of experience through
Qua the mining states and territories
Of the United States. He is
the mining expert OF ths company,
and on his recommendation and under his
supervision the Golden Sunlight mines
we're secured and developed by ths company.
4 be vice. resident. }. W. Astley. is young
mining engineer with six years experience
in the various mining departments OF the
Montana company st harysVille. For more
than u year past his exclusive attention has
been given to the development Of the Col
den sunlight mines. The secretary, 4. l..
Whitmore, and she treasurer L. w. BacOrn,
have each held positions of trust and
prominenos in the business department. OF
the Montana company until similar busi-
ness in their own company required their
exclusive attention. OF its board OF trus-
tees. besides those above named. James II.
Henley IL . we'll and fsvorAbly known min
ing man, having held many prominent
positions with the largest mining
companies Of Colorado and Mon
tanA. 81 she present time being
Mining company. Alex BurTsl 10 the su
pefintendent OF the Montana company a.
harTsville which fact carries with 10 suff-
eient recommendation as to his mining
ability. lie has the honor of being a mem
Der OF the house OF Representatives for this
county. Henry Purrell Is the general man
sRer Of the sand Oouleo coal company.
whose heavy output, amounting 20 1000
tons daily, 10 RuArantse Of his mining and
executive ability.
With such ofilcers and trustees. 10 Is little
WoHder that this company has made a sue
cess OF lie business. Toe property IL has
just sold az whitehall was its d 81 selection,
and was made after five months inVestiga-
toa into tbs merits OF various other
mining propositions offered to Is. Its
connection wish this propertT. eI-
tending over a period OF but nineteen
months nets its Stockholders $3.50, 600
The PROPERTY sold IS but part Of tns pos
sessions OF this company. IL sill owns two
valuable groups OF gold mines Ia an ad-
vaneed stage Of development at dibbOns-
Vile. Idaho, AMI another group Of mines
known as tbs Ohio group. The mines Of
this latter group al join those Of the Golden
Sunlight and all tie veins of each group
extend into the other. Tnis faot alone goes
long way towards establishing the vslus
OF tho Ohio grOup, bat there are other moe
upon. Developments work IS being actively
prosecuted on this group and 10 is conf
dsntY expected that this company has in
the Ohio Rfoup property OF equal merit
with abe Go. den Sunlight group
With success al eady STAINED and its
bright prospects fof She future the Ameri-
can Developing and Mining company ia -
nishei On example Of what may result from
mining on correct business princig les.