The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-20
NO NEW RICH FINDS
But Operations in the Mines Continue
With Profit.
MUCH ORE BEING TREATED
Heinze Is Having Trouble With
Rosslanders. Who Protest Against
His Tranvway Risht-of-Way-
In the Cataract District.
MUCH ORE BEING TREATED

mors and unreliable reports of new
strikes and the efforts to boom worth
less property, there is nothing Of i'm
portance new in mining affairs in
Butte. An increased amount of pros
pecting is going on in the districts in
the southern part of the city, and ex-
perienced mining men are predicting
that that part of the Summit Valley
district will in time develop into one Of
the richest copper belts in the country.
The recently organized Washington
Valley Mining company, with ample
capital has started on a thorough pros
pecting of its extensive properties near
Timbered Butte, and the men interest
ed in the company feel confident of
great results. In the Ground Squirrel
district new properties are constantly
being opened and worked with profit
by owners and leasers. Among the
good producers besides the rich Ground
Squirrel, is the j. 1. c., from which
quantity of rich ore is being shipped to
the Anaconda smelters. Leasers are
doing extensive development work ON
the Iduna, Belmont, Anderson, Green
Copper and other properties.
A private letter from Rossland brings
good news to some Butte men who
are interested in tie Trail Creek coun-
try. The property in which Charles
jumped some time ago and work on 1t
was stopped until the question of title
was settled. 1t appears now that the
jump" was nothing but a big bluff,
for the adverse was not pushed and
patent has been issued to Mr.. Schmidt
and his partners without opposition.
Mr.. Heinze still has to contend with
a great deal of adversely in building
his tramway and smelter near Ross
land. After he had obtained his crown
grant he was promised a free right-of-
way from the mines to the smelter site.
but as soon as he had let the contract
for building the tramway the owners
or the ground over which the road was
to pass demanded pay for the right-of-
way, and the townsite company de-
manded $1,000 for right-of-way
through Rossland. Then followed trou-
bic with the contractors and their en-
ployes, and the end of the difficulties
is not in sight yet. Work on the
smefter, I'm the meanwhile, is progress
ing very slowly.
The Colorado, Utah and Idaho pa
pers are talking a great deal about a
mining stock exchange that is to be es-
tablished in Butte, but so far little has
been heard of such a scheme in this
city, and II has barely received men
ton in the Butte papers. The Western
Mining World, in its last issue, has
this to say on the subject:
The organization of a mining stock
exchange is not meeting with as much
success as one would naturally expect.
| Those best acquainted in Butte from
| the start said 1t could not be accom-
| plished, as Butte citizens did not care
| for mining stocks That is the trouble
with Butte; we have too many doubt
ing Thomases, who are continually on
the lookout for something to turn cold
water on. Speaking about one-man
towns, Butte is one to perfection. Ev-
eryone Is wrapped up in himself and
cares nothing for anyone else in the
community at large. Had II been 9TH
erwise, Butte could have had the cap
ital located here and a population of
| 1901 900 people long ere this. If our cit
| liens would only stop to consider what
vast amount of money a mining eX-
| change properly organized and con-
Quoted would bring to the city, we
| know II would be but short time be-
fore one would be in full operation.
| You are told that two or three were
| started several years ago and they did
| not pay. But just stop and consider
/ how they were organfzed-for the bro
| kers' benefit and entirely at their
mercy. A mining exchange should be
| conducted as any other legitimate bus
| mess. When IL is. Il is every bit as
reliable as any banking institution in
| the world 70. s.
An increased force has been put to
work, both in the mine and mill be-
| longing to the Eva May. Since this
company commenced, they have been
contented with running but one shift.
| They have ore enough blocked, from
which they can continuously produce
| ore without the least interruption, says
| the Basin Times.
| Manager Simpson writes from Hele-
ma that returns from the smelter are
perfectly satisfactory, beyond my
| brightest expectations" II such is the
case, there are hundreds Of mines up
| on the Cataract, many of which the
| Eva May could not hold a candle to.
| With the increase of production. work
| has correspondingly increased all about
| the works.
| A number of Butte men recently be-
| came interested in some mining prop
| erty a short distance above Bonner,
and began prospecting II with the re-
| suit that they struck a rich copper
| lead. There are a number of other
| claims in that vicinity. but heretofore
| little or no development work or ex-
tensive prospecting has been done.
f. T Mcbride and others from Butte
| are working the Helper mine south Of
| Boulder. 1t is reported they have Is
! fest of concentrating ore and three feet
| of shipping ore. samples Of which have
| run as high as l56 ounces IN silver.
| with some gold and copper.
Frank Murray of shis city is leasing
| on the Hiawatha in the Cataract dis
| trict, and Is preparing TO drive a tun-
/ mel
To-Day's Entries At Ing .eside
| uorlcu-frev are TIE entries and NVafef,. :