The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-03
OGICAL FORMATION.

| CrippIe Greek. The hills and gulches
| were nearly all given their names by
the Weltys.
GEOLOGICAL FORMATION.
For the greater part the rock OF the
| country is granite. At Globe Hill, Bull
mountain, Gold Hill and Raven Hin
| the granite is overlaid by volcanic rock
generally known as porphyry. ms
carries the gold streaks.
In all of the year of 1881, after the
| discovery Of the paying veins. there
was much contention among tie min
| ing experts" or men who called them
/ selves such. as 10 the character Of the
| mines. The dispute, which often grew
| acrimonious. was carried down until
| wear ago. It was declared by men who
| had COPIED with all kinds of ores in ev-
| cry camp in the west that no gold in
| paying quantities would be found be-
| yond the poriphy limits. Their expe-
| rience convinced them that the veins
was struck. Quite the contrary has
| been proved. The veins continue into
the granite, the assures are described
as the kind as "true" and the highest
| grade ores have been taken from the
| veins inclosed in the granite.
| DR.. Whitman Cross. of the United
| States geological survey, assisted by
i
| cabo university, made a continued and
| thorough examination of and an ex-
| haustive report on the district. The
| point particularly emphasized by Pro-
| fessor Penrose was that the veins gave
| every assurance of continuing 10 great
| depths without declining in riches. One
| of the Portland shafts is now sunk 700
| feet without indications of impoverish-
| ed ore.
AS has been said before, the conten-
ton between experts" on the lasting
| quality of the Cripple mines kept east
ern and foreign capital out. The mines
are principally owned at Colorado
Springs The only foreign investors
are FTenchmen. They paid S260.000
cash for the original C. o. D. mine.
This claim is located in Poverty Gulch
east OF Cripple Creek, between Globe
and Tenderfoot hills. In addition to
| the c. o. D. the syndicate owns the
Rebecca, both claims covering seven
| teen acres The principal vein thus
far struck is a true assure, and crosses
the company's ground for distance
| of ], 800 feet.
A strong ore chute that has steadily
widened with development has produc-
ed $230,0 the ore ranging from $50 10
$3.50 per ton. The shaft of the G. o. d.
/ is 275 feet deep, and at the bottom the
ore body is 200 feet wide. At the first
/ level the ore body was but sixty feet
in width. Last Thursday a new vein
was opened. 1t is seventy-five feet
from the old ore chute and evidently
! wholly distinct Six specimens assay
/ ed from $500 to $4,000 per ton. Mr..
Leonard, the hopeful manager, believes
/ the new streak will average $500.
/ CONFUSION IN NAMES.
The c. o. D. mine should not be con-
! founded with the c. o. d. corporation
whose stock is listed on the exchanges.
| This confounding OF names may some
/ times produce ill results. The G. o. d.
and Rebecca mines are owned by the
/ Rebecca company. The capitaliZa-
ton is 10000 in s. shares. The
! stock is not for sale on the board and
( difficult to obtain from the foreigners
! who own it. They prefer to spit out
the profits in Paris.
Captain Ed r. Brown. president OF
| the Cripple Creek exchange, does not
look for heavy investments from Eng
! land Just at present. .Englshmen
won't buy anything without record.
; They are careful and conservative, he
said. "Offer an Englishman mining
property and he wants to go over the
( books and find out the product. If 1t is
/ all right he may buy.
ION the contrary, Americans and
/ Frenchmen base their investments
more on the prospect. They endeavor
to ascertain what mine may do and
act accordingly. Many years from
| now, when we have exhausted our
mines and are able to show fine record
of production, 1 have little doubt but
we shall be able to sell them to the Eng
<-,- =, rs q
we have already taken from the
| shafts"
A favorite form Of development is on
the bond and lease system. The own
er of a claim agrees to sell at a certain
time at a specified figure to the other
party to the contract. The lessee may
buy at the expiration of the time If he
/ desires. Meantime he agrees TO prop
erly develop the property. The effect of
! such an arrangement rs simply an OPP
ton on the property.
LUCKY YOUNG MINERS.
One day this week the Anaconda COM
| pany made a lease-not a bond the Ana
conda buys to hold-to some husky
young men. Within the first half day
| the boys had to hire an ore sorter. They
| started to dig at the surface; the soil
they had was undeflled by pick. The
| DIOlutIS, lIlS tCSStSSE nuns
! their corduroy coats on a pile Of lum-
! Der left by another lessee, who had sunk
! thirty-five feet and had gone away dis
| couraged, and began their labors. In
! -four hours and at depth of three feet
| they landed on a big body of ore. 1t
| contained quantities Of free gold and
| sylvanite, which only requires roasting
| to 1iberate the mineral
| Free gold is a rare find in Cripple
| Creek. When the sun went down the
| Cramner brothers had thrown out two
! tons of ore and had improved their
finances by $500. The ore ran about ten
| ounces Of gold to the ton. The young
| lessees are still hard at 1t.
| From Pennsylvania comes a story
with a Cripple Creek end. John Grown.
a merchant OF Clarion county, became
possessed OF mining brokers' book de-
| scriptive of the easy things to be had
| in Cripple Creek. The Clarion county
| man read. pondered and digested. He
| had a little stack OF money and figured
wrote 10 Clarence EdsaH and craved
advice Mr.. Edsall outlined the situa-
| ton as he understood IL. The Penn
| sylvansa man thought a while longer
and returned the list Of stocks sent and
| a check with instructions 10 buy Port
| land at so cents, Anchoris Leland at 10
and Mount Rosa al cents. This was
some time ago. Portland has since
! paid close to 100000 TO stockholders;
| the Anchoria veins have had selected
| specimens assay So, 600 To the ton. and
the town OF Victor has been built on