Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1897-02-21

N
Steele and Boundary Creek, and toE.s
northwest the mines Of the Okaro5 "a
While there are great many si'r.
mines in all these camps, the 1r.r.
camps are gold camps, such his Il
Creek, Rossland, Salmon and Rgr,lt
Creek, and the north end of -f. r.
vile Reservation. These gold or,.
cur in immense veins IN coult-s.f
with copper and iron sulphIfa. Il
ing n richness from 500 r.. n
per ton. That the veins have r,-.
nency is shown by the deyelcnr.r..
such properties as the Leroi .r5 ny y'
Eagle at Rossland, where a 5,rr .
over 500 feet below the surface st,-
larger bodies of mineral of -
grade than at the surface. II iss-..l
er singular history in mininc srJ -
look a little overdrawn, bur Tie De-
ment of mines in these districts 81. -.
has almost universally been s.cra..s,,'
whenever good business and m.7i-
methods have been employed. Orr-a
few days ago the War EAGLE and r.,
land was sold for the magn.Gcar- -
Of $4,000. This property was irco-
porated about two years ago and NJ,
developed on the same plan upon Wis
nearly all the great mines have -
developed, that is, by selling t-assr-'
stock for development at low fg,,-!
say from Ice to 1Jc per share. 49,,
money derived from the sale NJ -
stock was put into the ground IN 5-
velopment, at very s.. How fs-.L
pay ore was encountered and the So
S100 par value, gradually mounted ~
to S1.60 per share, and dividends vsr,
paid to the extent of several hundred
thousands of dollars. Much of .ra
stock was placed in the east. hut its711
all drifted back 20 this country atts-
netting western investors larisl~,
profits on their investment The nina
is now owned by Canadian cqn.-aHvs
but it was developed by Americans and
Americans made the money QUE ~ IL
AS | write an offer Of 100000 is rari.
ing for the Leroi mine Two wears aro
the stock of this mine Went begging a,
sc per share, par value $500. This p-o-
perty is now held al price that usars
1920 per share TO the stockholders. In
the SLOGAN country tle SLOGAN Star
stock, now selling $3.50 per shar,
par value SOC per share had n0 standing
in the market. Silver King par va'uo
s1.0O, now selling for $40 ~ hare ouy
two years ago had no market standing.
The growth of the mn.r- country t0t.s
north is almost without parallel p; ,vl
years ago Rossland WIS q how.- W.5sr-
ness. with only a handful of people. o-ay
II has a population Of batw % I'D" SOL.
s 900 souls and all the nee. ear.. r =
ern city. Taking the whole --r.H -r t.-l
Of Spokane two years ago -.r. r'-
badly less than two thousand I0 So q
scope of country two hundred .H. .r
miles square. but to-day th.ra a-a r-.
bly, $1,000 people resident there D. h---;
the coming summer fully lU"l souls N4
tourney thither IN search OF tle precious
metals, known To- be In the cou s
and crevlces IN the rocks OF those r-i
mountains. In addition 10 tn --.a-'
ages the City of Spokane has r .'f tsA
water power which has air tr =
siderably developed. and which "a f
developed will supply $4,000 horse t'
with which 20 furnish power Tor obi rs-
featuring enterprises which are t#
This Is rm-a
and as against the -' '
power at Minneapolis. places Kane
the lead as a manufacturing r -a
mills OF Spokane last year manufacture.
and shipped TO the Orient ."- 0fro
-four and the output this year '. cona- Re
" expected to reach 10000 hTa
In this section, as in ain 0srF cher
great mining camp. a certain rH' '-
the discovery Of Oh 20
The memorable jug Of i4
Jag of bacon and -four given =" $3.50 -1-
posed ne'er do wells Of I '
that the most famous spot '- ..'
Continent and was the hsen1.r-. .. i.'-
tunes which have since made Denver .'
Queen CITY OF tae West The am.
story of the last struggle. o.. 'Io s'i
lust as the heartsick prospector was a.'N
to give mp the fight; tine s'rayei pacN ..'
NAL which took some miner 20 the '.s
where the fortune was hidden. bass 30
been repeated here.
This is true OF the Leroi which moo. IT'S
section so famous all over ,i0 worm
was the old story of the struggle o. '
nrosnector TO convince rie owner '. To
money that he could show 1872 ..a .-'
treasure: then came tl- ur'.t"''D
ports of the expert, tGr nab 'i Ell.
lions. where mines paying .a-'.i..
ing on the surface were expected
velop into mines at depth. "I. t.
rlod of disappointment Waa
almost any person.
able courage and pcrsevcr.a.
rich reward, not only 20 iA.
but TO the courageous inN'.
day this property stands conie
the sum of $5.o0OoOJ in the OPT
of the best mining experts
and has a dividend record i.r
year of about $1,000 At a IN.
trustees of that company t.I
other day it was decided 20 a'..
less imam SbfVlNt''' 4iA N't
and now the English inyes'".
money together TO take b.
course II will be said that
mine in the district, bu'
o. X, Josie, Iron Mask. IT..
and the other mines OF 1921
tributary to Spokane alone
year $S,COO,O 900, to say no.a.
Of Idaho. Montana and Wt
produced very large guam
and yet this Is still a 'n'"
Of the investor
During the month ending
1897, Rossand mines alone
s 900 tons Of high grade 81.
in this country IS siI H
even now in mldwin'rr go"
daily occurrence. Wha 'a' c'D.
Is capital. American capital ana D
development has Shown tr'' mimi
safe as any o.h.r Business IT wi
The only question is. ".1 our %"
furnish II. or shall f9r..FaeTs d'I'.
beneGt from .he great natural
.. v-IU ask. WhDr