Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1895-12-07

familiar with the region pronounce the
samples shown equal to anything found
in this vicinity. The extent of country
in portions Of which promising pros
poets have been discovered during the
past year of active prospecting seems 10
that belt of indefinite width, con-
tanning numerous gold lodges. traverses
the southern Bl. ck Hills. The general
strike of the ledges is northwest and
southeast. The finds are Of little i'm
portance, however, unless capital can be
interested for their development"
BLACK HILLS GOLD OUTPUT.
But few people are aware Of the mag
nitude Of the mining industry of the
Black Hills and the probable possibIli-
ties to be attained within the next few
years. According to the statistics of the
director of the United States mint for
the calender year 1894. South Dakota
or rather the Black Hills, being the only
gold producing district in the state
produced 3,299 900 in gold nearly equal
ling Montana and ranking fourth in the
gold producing states and territories.
That the output for the year 1895 will
largely exceed these figures there is no
doubt. Considering the unprecedented
development Of paying mines during the
past year in the Keystone district and
elsewhere along the Mother Lode belt,
aud based on the increased development,
general outlook, mining prosperity and
results, it may be confidently stated that
the output will increase in a largely
accelerated ratio in the immediate fol-
lowing years. In fact il is the universal
opinion ofthe best mining authorities
acquainted with the mines that the
judgement Of Professor Emmons on the
Mother Lode Of California applies with
equal force here, viz: That the Hills
have the largest continuous ore veins,
capable of as long, as large and as con-
tinuous yield of gold as any other dis
trict Of equal magnitude in the whole
history of gold mining.
TIE SALE OF THE HOLY TERROR NINE.
Yesterday the sale of the Holy Terror
mine was consummated and Thomas G..
Blair and Albert Amsbury received
their money in full amounting to $780,
600 each, while the administrator of the
estate of William 3. Franklin, deceased,
will in a short time close the remaining
portion Of the deal. On May Il, 1895,
John 5. George secured an option on
the interests held by Messrs. Franklin,
Blair and Amsbury in the mine for the
sum Of $50 800 on the pavement to the
parties the sum Of S225O0, and six
months were given in which TO pay the
remainder Of the purchase price, $50 900.
This money has been in Rapid City for
nearly month ready TO be turned oyer
to the late owners of the mine on their
clearing the records of all claims held
against the property, which was done
during the past ten days. The heirs of
Jacob F. Reid who claimed two ninths
interest in the property will receive
certificates of stock in company to be
shortly incorporated for their interests,
while John j. Fayel retained his one
fourth interest in the property and will
remain superintendent for the new COM
pany. The sale of the Holy Terror
mine is one of the largest sales made in
| the Southern Hills and the distribution
Of so much cash after six months in
vestigation By John ;. George and his
associates is convincing to the most
skeptical that the Black Hills has mines
of merit in which it will paw to invest
money. The sale of this mine to east
ern capitalists is through the efforts of
Edward w. Speed, cashier of the Hill
City bank who conducted the sale from
the preliminares to the final consum-
nation and to him alone is the Black
Hills indebted for the transfer to east
ern gentlemen who will be the direct
cause of securing the development of
many of the promising mines to be
found in the Southern Hills,-Journal.