Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1897-12-18
mining HERE AND THERE
TISt4-AMERICAN CORPORATION.
Gigantic Concern Organized in Lon
Has Already Secured Mining
Properties on the West Coast Of
America.


Properties on the West Coast o
America.
A dispatch from London is as follows
The prospectus of the long talked O.
and gigantic British American corpora
ton is issued The capital is l,5OO,OO(
pounds sterling, of which 100000 one
pound shares are now offered at par, tht
issue being limited to shareholders Of the
London and Globe Finance Company: The
directors are the marquis of Dufferin and
Ava Lord Loeb. Hon. Charles Macintosh
lieutenant governor of Northwest Terri
tory, Edward A. Hoare, one of the direc-
tors of the bank of British North America
and Whitaker Wright. well known fin
ancier. The corporation has secured the
famous LIE Ro and Josie mines as well
as eight other well known Rossland mines
and Nelson properties. 1t also secures as
a going concern the Alaska Commercial
Company, with the townsite at Dawson
City, and claims on Bonanza, El Dorado.
Bear and other Klondike creeks"
IL IL tN hueiG lldt tlle citDle refers TO the
West lie Roi-.)osie company, owning the
Annie claim near the lie Roi instead Of
to the lie Ro and Josie mines
The Spokane Route.
There is great interest taken in Spo-
kane over the overland route to the klon-
dixie the committee having received 500
each from two leading business houses in
the city, with pledge to contribute 500
additional for each 81 900 received by the
soliciting committee.
H. II. Baldwin. eN-sheriff Of Flathead
county, Montana, was in Spokane the
other day arranging to start in February
over the Spokane route with a pack train
of 80 horses. His horses are injured TO
the winters in British Columbia, having
been employed in packing on the west side
OF kootenay lake during the last two win
of Goat river, and Mr.. Baldwin will drive
them down by way of Bonner's Ferry
soon. He expects to load them at Spo-
kane, and has already arranged to take
through the supplies of two Montana men
and three from Illinois. These, with him
self and assistant. make a party CT sew
en-, and he expects to contract with three
more. He will 60 to Ashcroft by way
Of Okanogan lake. Il have made a care
full study of the route" said Mr.. Baldwin,
Il am satisfied that it is practical and
that il pack train will pay. l intend 20
make the trip through to Lake Teslin.
and then work the train between Tele-
graph Creek and the lake while the rush
lasts, after which | will build scows and
float the stock down to Dawson City,
where I expect to find profitable employ
ment.'
LIE Rof Deal Did Not Go Through.
The issue of the British Columbia Re
view, published in London, on November
20, before the departure of the visiting lie !
Roi directors contains this editorial par
agraph: 1T is doubtful, most doubtful,
whether in the present temper Of mark
cts, the LIE Roi deal will 60 through, but
the directors now in London might con
slider whether, with the assistance Of the
powerful group in whose hands they noN |
are. they would not be welladvised in
marketing the shares of the stock ex
change. Those connected with the said {
group certainly have the experience neces q
sary to carry through an operation Of the |
description suggested
Copper River Strike.
jim Wardner, the well known mining
man, has received letter from George
G. Rennacks, leader OF the Copper river
expedition which sailed from Seattle IN II
the steam schooner Augusta the latter I
~ n.4 II
vember A. from Shaken, Alaska, and t
among other things he says that Melon t
ald one Of his partners has just returned f
from the interior Of the Copper river dis /
trct with a stake of Sl6,OGO and that t
they have discovered one Of the richest g
quartz ledges in the world. The ledge 2
is said to be So feet wide and to assay $40 o
per ton It is within easy les,rn Of nav q
igable waters +
Paying the Buckhorn Bond. W
j. p. Irwin has made the second pay q
ment of $500 on his bond on the Buck ST
horn property, located IA short distance cl
northeast of Bonncrs Ferry idaho. The
AMOUNT Of the bond is $4,000. and the
owners Of the property are Jasper King,
I. j. Bryant, Charles Ewing and David
,ongley, all Of Bonner's Ferry. Mr. Ir- p
,in has force Of men employed on the -
,laim driving a 35O-foot tunnel to cross - y
,ut the ledge Payments on the bond ex :, y,
end until June !, 1898. u
Idahos Gold Output. =. =,
The latest statistics Of the Boise assay y,
office is the published report Of Assayer :, :,
1hurch for 500 which gives the gold out -,
,ut for Idaho for that year at S2,323, 700. J.,
The work done in the office for this year N>
indicates that 1897 will mark large adj
,ance in the gold output for the state
'ver many previous years. The stream Of Ii
he yellow metal comes trickling in thou
ands Of small rivulets from the great in
mining camps and from the smaller placer m
iggings, and the aggregate this year, 50 di
he present assaycr thinks, will reach the q,
4, 100000 mark. slt
Strike in Ruby Mine. st
Reports received at Butte, Mont, from Of
he Lowland mining district are that a
ich strike of gold and silver quartz has
een made in the Ruby mine and that
ver ST. 100000 worth Of ore is in sight.
he owners are taking out $4,000 a day. ~
he property was purchased last summer nc
rom Adolph Moudenhauer Of San Fran VI
isco for 100000, the principal owner be- 'N =.
~ NJ e. Graves, a New York man. ~
Suicide of A. j. Mundy.
Portland, Or, Dec. 9.-Alfred j. Mundy, i,
n express messenger for Wells-Fargo & -, 49,
o., committed suicide yesterday at his = =
ONE near Mount Tabor by blowing the y;
op of his head off with a revolver. III n
ealth caused him to take his life. Mum 49,,