The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-02-12
THEY'RE FAMOUSNOW
Red Lion and Flint Greek Mines Are
Known i'll the East.
CAPITAL MAY TAKE HOLD
Messrs. LOOMS and Schafner.
From These Districts, Are
HustIing in Cincinnati
Tenny's Report.
CAPITAL MAY TAKE HOLD

The Red Lion and Flint creek mining
districts are becoming famous ah4oiu'
and eastern capital seems likely 10 step
in and take advantage OF properties
which home investors have overlooked.
Here is one instance, narrated by the
Cincinnati Enquirer:
DR.. W \. Il. Tenny introduced on
change Yesterday l.. 1. LOOMS and J..
l.. SchaIuor. both Of Butte. Mont, ana
both mining experts with whom the uo'-
tor has associated himself in what Is con-
sidered one OF the best of mining ven
lures lie has himself just returned from
the West. where he was for several
weeks. and when asked about the depaf-
tLre he had taken he gave an interesting
account of the enterprise. The district
visited 10y Or. Teuuy is declared to be one
OF the most promising in the mining re
gions Il is near Philipsburg. Granite
county Montana. and not much distant
from Butte. In answer TO a question con
corning his trip. Mr. Tenny said:
Yes. il is true that | have just return
ed from a trip to Montana During the
past 20 days I have travelled on ears,
sleds and snowshoos, though my expert
ence with the latter was somewhat limi-
ted. as the mine / went TO see is only siA
miles distant from the railroad. ! have
seen the great American desert with It's
winter clothes on, and stood on the back
bone of the American continent. twenty
five years ago such an experience would
have been quite an event. but to-day
journey across the continent Is simply
pleasure trip. and one so many indulge
in that IL is OF no more general impor-
lance than any other railroad journey.
But the sled ride in the mountains, the
upsettnE i'm the deep snow and the snow
shooting on the long Norwegian Skis all
form an experience ! am glad to have
had ana one IN never forget. What |
went out especially To see was a newly
discovered gold mine that I got on the
track of through a fortunate circum-
stance. II it was half as good as il was
said to be | wanted an interest in Il, and
the only way TO find out first hand was
TO go out there. So | went. And how do
] like il? | honestly believe IL one of the
richest strikes made i'm years and it's
not wholly on my own judgment that
base my conclusion. either. / talked with
miners prospectoTs and experts. business
men and others who had gone out to in
Vestigate the strike. and they all agree
with me in pronouHciug il a great prop
erty. 1t Is called the Gold Coin mine,
ana is located six miles southeast OF
Phlipsburg. i'm Granite county. Montana.
1t is calculated there IS over a quarter OF
million dollars worth of ore now in
sight. ana every days work adds 10 the
quantity. development work showing a
body OF ore over 1000 feet long from
eight To co feet wide and reaching down
into the earth to unknown depths.
" This strike or discovery. was exam
ined by the mining expert Of a financial
journal published I'm Boston, and was
pronounced one Of the biggest I'm the
way of free milling gold ore in the entire
Northwest, a point that all are agreed
upon who have personally examined I.
An opportunity was offered me TO he
come interested in this property, an in
In, . III. &C..
purpose of erecting "a large stamp mill
TO extract the gold from the ore. and as
my Investigations proved the mine to be
even better than presented | gladly avail
ed myself of the opportunity. ! find that
Montana mines produce more each year
than any other state in the union and
yet you hear but little of them. Think of
mineral output Of 10000 0oo per annum
nearly third Of the entire output Of the
whole of the United States. There is no
boom in Montana, the mines are worked
conservatively and for what there is in
the mines. and not for what can be made
out of the stock. The Montana laws
throw every possible safeguard around
the small stockholder and discourage
stock gambling.
There is probably a greater percent
age Of profitable paying mines in Mon
tana than any other state, the actual
percentage Of successful mining invest.
ment probably averaging more than the
banking business throughout the whole
country. while the profits have been in
fnitely larger. Montana is a wonderfully
rich state, whose mineral wealth is vet
comparatively undeveloped Many new
discoveries are being made. new camps
are being opened up and Montana's out
put of gold Will he more than doubled
the coming year. Ny visit to the mines
was revelation 10 me. The amount Of
wealth being produced from them every
day is simply enormous"