The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-07
MINES. THAT PAY BIG
New York Papers Speak Of the Ana
conda Properties.
IN THE RICH TRAIL CREEK
The Heinze Tramway IL Being
BuIIt'There-Much Ore Uncov-
cred In the Maud 5. and
Mill Will Be Built.

The New York papers have just iearn-
ed that Hamilton Smith discovered some
months ago that the Anaconda mines are
all right and that there is some proht IN
them. A London cablegram to the New
York Times says:
Hamilton Smith, a well-known mining
expert has made a favorable report rela-
tive to the Anaconda copper mine. He
says that even with low range OF prices
profits ought to be realized that would
give in 1896 a dividend OF $3.50 per share
Mr.. Smith was appointed to examine
the mine by the Ang1o-Amrican copper
syndicate fromed some months ago. The
key to the whole combination rested on
the acquisition of the Anaconda mine.
THE scheme was to transform the Ana
conda company into a limited liability
company, with a capital Of s30.0o0.0oo IN
SIS shares.
The syndicate was TO take 100000
shares. provided the report OF Mr.. Smith
confirmed the understood value OF the
mine. Kuhn, Loeb & Co.. OF New YORK,
represent the American members OF the
syndicate and the Rothschild Exploration
company the English members.
Butte men who are extensively interest
ed In the Trail creek country are stili re-
oeiving the most fatterdng reports Of
| their properties. 1t is stated that the
mines of that district are putting out
| from $50 to 200 tons of ore per day and
| that 1t averages s4s in gold per ton. 1t Is
predicted that the output will be doubled
in three or four months. The War Eagle
| and LIE Roi mines, owned by Butte men,
have thus far been the greatest shippers.
| OF these two properties the Spokane
Chronicle says:
These two WIN be making for their
owners about 5000 per day as soon as
they can ship the ore. 1t is reliably re-
| ported that the lie Roi owners a short
| time ago were offered 81, 500, 900, but they
| refused. In addition to the large amount
of expensive machinery they have been
putting in they have paid $4,000 in divi-
| dends and Il Is said they will soon pay
another dividend of $4,000 or perhaps
s75,ooO They are down 4o5 feet in the
shaft and at the bottom find ore which
goes 500 in gold. In one big day a short
time ago they took out LIS tons of this
ore as they were sinking the shaft They
expect to sink so feet further in the shaft
and then drift. The company has more
than 1000 tons OF ore In the bins and ore
house. The Slopes are also full. Until
they are able to ship niue cannot bt
done.
THE War Eagle continues to put II
new machinery and to develop its ricf
property 1t has q vein which varie.
from eight to 20 feet in width. The cleas
ore has been found In the Iron Mask OF
| the property of the War Eagle. TIL,
showing Is as fine as ever seen on thu
opening of a Trail Creek mine. A com
| pressor and other expensive machiner.
has arrived from Montreal and will b
put into their 1.soo-foot tunnel.
I'm addition to these heavy expense
the company this year has paid dividend
| aggregating sl32, 500 and IL Is reported will
declare another big one SOON"
The contract for the Trail creek tram
J way, from the mines to Mr.. Heinze'
smelter site was let several weeks ag
J and work on Il Is In progress. The dis
tance Is about seven miles. but the rout
of the tramway covers a distance o
about II miles. A number of new mine
VIII begin shipping ore as soon as tn
tramway is completed. Among them wi
be the Josie. said to be a property tina
shows up nearly as well as the War Ea
gle or lie Rot. There are Is or Is mine
| within a radius of 10 miles of Rosslant
all of which will be shipping ore mex
season. Among them are the Center Stai
| Nickel Plate, Clif, st. Elmo, Consoi
dated St. Elmo. Jumbo. Iron Horse, Nor
to Cristo. Evening Star, Kootenai an
, | Columbia. Deer Park. Princess Colonns
| Homestake. Robert r. Lee Maid of Erir
. | Crown Point. st. Mary and Commands
, | many of which are owned entirely b
. Butte men. In the Commander the lede
Is the full width OF the shaft and OF soil
. | ore The Crown Point Is said TO hav
SEQ 900 or $4,000 worth OF ore in sigh
blocked out. with $4,000 on the dump.
Mining men OF Butte have received ar
other invitation to attend a meeting
' the Northwest Mining association, TO I
/ held IN Spokane sometime in Februar,
The purpose OF the convention will be
discuss the work OF the association an
the best methods OF its advancement an
matters of general interest in the deve
opment Of Northwestern mining inte
ests
Joseph Bohler. +. Il. Hutchinson an
II. s. Potts. who have a lease and Dor
on the Maud s., located about six mills
southeast OF Butte. commenced work c
the property last "Wednesday. 1t Is CLAIM
ed that about $4,000 worth OF ore hi
been uncovered. The property has be-
worked by a tunnel which was In
feet when the present leasers took no
OF il. They will put up a mill at ono
The Maud s. Is owned by the Atlantic