Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-08-30
TIGER AND POORMAN
Two Big Mines VIII Be Worked
Under One Management.
THE PLAN OF CONSOLIDATION
IL Is Expected the New Arrangement
Will Save $4,000 Per
Aunum.
Spokane, Wash, Aug. "a.

The Tiger and Poorman mines, situat-
ed on Canyon creek in the Occur
d'Alenes, are to be consolidated and
worked under one management. Ne
gotiations to this end have been pend
ing for some time. but the secret was
carefully guarded.
Articles of incorporation of the new
company were transmitted last night
to Olympia, and will be filed in this
city today. The new company will be
called the Consolidated Tiger and
Poorman Mining company, and its OBJ
jects. aside from the business that has
hitherto been carried on by the two
companies, Is more particularly to buy,
operate and mine the Tiger and Poor
man mines, mills and all appurtenances
thereunto belonging or Herewith con-
nected. situated at the town of Burke,
in the LeLande mining district, Sho-
shone county. Idaho"
The capital stock of the new company
Is 100000. divided into 1000, 900 shares.
100000 shares going to the stockholders
of the Poorman. 100000 to s. s. Glidden,
the present owner of the Tiger. The
capitalization of the old Poorman COM
pany was $5,O00,0 900, divided into 500, 900
IN
company will receive share for share
OF the new stock in exchange for the
old. The Tiger was never capitalized
The affairs of the consolidated mines
will be managed by a board of five
trustees, and the board named to man
age the concern for the first six months
are S. S. Glidden, Spokane; f. r. Gull
bertson. the present manager of the
Tiger, Burke; and Patrick Clark. b. c..
kingsbury and L. d. Olmstead, all of
Spokane. Spokane is named as the
principal place of business.
There are about 200 stockholders in
the Poorman mine. many of them living
In Montana. b. C. Kingsbury, who is
the largest single owner, Is the presi-
dent OF the company, and Patrick
Clark has been manager of the mine.
The two mines long ago became ia
nous as producers in a mineral country
that abounded in great properties.
During the nine years they have been
operated they have added in round num-
bers, $40, 200 to the wealth of the
world, large part of which has been
expended for supplies, labor, improve
| ments and freight rates. They were
both discovered on the same day, in
September, 1884, lying upon opposite
sides of Canyon creek, the Tiger by
John Carton and Almedos Seymour
and the Poorman by Scott Mcdonald
Soon thereafter a contest was filed on
| the Poorman by Edward Benjamin, Alec
GAIA and man named LeLande, fol-
whom the district was named. This
| brought on long and expensive litiga.
ton between the rival claimants, which
was finally settled by Patsy Clark
stepping in and buying out both sets
| OF claimants to the Poorman ground.
| Both properties have extensive i'm.
provements, including commentators
hoists, air compressors. electric plants
boarding houses, buildings, ETC., cost
Ing In the neighborhood of $35, 900. Both
have valuable water rights which will
now be consolidated and merged into
one system. 1t is expected that this
will reduce the fuel bill of both mines
to practically nothing for the greater
| part of the year, and that this alon,
will effect saving of $50, 900 per annum
One mine will now pump out the water
for both, one hosting plant will alst
serve both mines, and there will b,
but one management, and 1t Is calcu
lated that in all a saving will be eff
fected of not less than $4,000 per month