The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-03-26
FLINT CREEK MINES
Plans Of the Montana Consolidated
Mining & Milling Company.
MONTANA ISN'T ADVERTISED
There Is More Hidden Wealth Here
Than In Colorado and Utah Com
bIned-C. r. Arnold's Views-A
Mill to Ee Erected.

c. +. Arnold, of Toledo, Ohio. and
John II. Ortman, of Tacoma, Wash.
the principal stockholders in the Mon
tana Consolidated Mining & Milling
company, are in Butte making ar
rangements for more extensive prop
erty on Flint creek. Mr.. Arnold, who
is secretary and treasurer of the COM
pany, will make Butte his permanent
home, having closed up his extensive
business interests in Ohio. The new
mining company has but recently been
organized and capitalized for 100000.
all the stock has been taken except
5000 shares which has been placed in
the treasury, the company being a
closed corporation. The officers of the
company are: Frank Huber, president;
John II. Ortman, vice president and
manager; c. +. Arnold, secretary and
treasurer.
The property acquired by the COM
pany consists of the High Ore, Coxey
and Rex lode claims, situated in the
district where the recent rich gold
strikes were made between the Gran
lite Mountain and Gable mines, and
about four miles from the former. Mr..
Ortman is an experienced and practical
miner and was through the Leadville
and other excitements and he does not
hesitate to say that he never met with
better indications than can be found in
the Flint Creek district. The discovery
of the properties owned by the COM
pany was made only last October and
the development work has not yet been
very extensive. A shaft has been sunk
% feet and another will be sunk at
once and more men put to work. Mr..
Arnold who has also had considerable
experience in mining, has just re-
turned from a visit to the company's
property, and he says the outlook is
altogether favorable and satisfactory.
He is not given to booming but he is
sufficiently satisfied with what he saw
to justify him in investing his money
in Flint Creek mines. The vein on the
three claims owned by the company
has been tapped for 200 feet and there
is a good showing at depth of two
and three feet below the surface. The
vein is in a good formation with gran
lite on one side and porphyry ON the
other and dips under the mountain at
an angle of nearly as degrees The
mine of Sam Snyder. where the alleged
fabulous strike was recently made, is
just north of the Montana company's
mines. The company will soon erect
five or ten stamp mill to begin with
and the machinery has already been
ordered.
In conversation with a Standard re-
his opinion that more money would be
invested in Montana mining property
this year than ever before. He is per-
sonally acquainted with at least
score of moneyed men who are waiting
to see the result of the Montana COM
pany's work on Flint creek to invest
their capital. Others are looking for
almost any other reliable investment
in Montana mining properties A
friend of Mr.. Arnold has offered $780,,
900 for investment. Montana, Mr.. Ar
mold thinks, has never been sufficiently
sources are greater than those of Col
orado and Utah combined and yet
nearly all eastern capital is seeking in
vestment in those states. There is any
amount of capital lying idle in the East
that could be attracted to this state.
1T is hard to find profitable investment
in the East owing to the general de-
moralized condition of business and
capitalists are looking to the West"
said Mr. Arnold. THE West is espe-
cially an inviting field for young men.
and believe that judicious investment
in mining is as safe as any other bust
ness and is certainly much more profit
able. There Is nothing doing in bust
ness in the East and there seems to be
nothing for the future"
The offices of Mr.. Arnold's company
are at present located at Philipsburg,
but will shortly be moved to Butte.
Mr.. Arnold is also largely interested
in Colorado silver mines but they are
not being operated to any great extent
at present