Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1897-08-04
TIMING DEAL.
The New Year Properties, the Lucky Lode
and the Chicadee Claims Bonded.---A
Little Excitement at Gilt Edge.

and the Chicadee Claims Bonded.---A
Little Excitement at Gilt Edge.
During the past week there has
been much activity in mining circles
and IL signs do not fail, deals of much
Importance to the county have been
made. OF course only bonds have
been signed, but the chances e
good for final transfer Of the proper
ties to the parties who have secured
the bonds.
l.. S. Woodbury.. receiver for MOsh-
ner & Butts Bros. at Gilt Edge re-
turned from Great Falls last week,
accompanied by Chas. Young OF Gilt
Edge and the papers were signed for
the bonding of the Lucky lode by
Messrs. Young, Henry Hames and
VIM. Atkinson to Mr.. Woodbury. for
So, 900, the term of the bond being
thirty days. The Lucky adjoins the
Lookout, owned by Schmitz, Met
ting and Loosen, and also the Stand
by claims owned by G. II. PurmOrt.
Mr.. Woodbury. says the ore in the
Lucky is the same as that which he
has been working from the Lookout
and that he expects to have a deed
to the property within the term OF
the bond. A crew of men were put
to work on the property at once and
as soon as sufficient ore has been
&.l,nr $500 ~ 4, n.1hnIla that fhn mill
will be started up.
w. DEL. Benedict, acting fOr New
York parties, Saturday last filed in
the county clerks Office a bond BE-
cured by him on the New Year, Glib
son, Virginia and Ralph quartz lode
mining claims, commonly known as
the New Year group and the prop
erty of w. G.. Norman and A. ID. Har-
mon. The terms of the bond require
the payment of $1,000 July 18th
(Which was paid, $500 Oh Deem
Der LIST, 1897, 81, 500 ON February LIST,
1898, and the balance of $4,000 on or
before May LIST, 1902, making u total
of $4,000 for the properties. The
bond further states that Benedict is
to have a suitable mill erected on the
property before May 18th, 1898, and
that he is to pay Norman and Har-
mon 30 cents per ton royalty on all
ore taken out, this to apply on the
purchase price, and that after May
18th, 1898, the amount paid monthly
for royalties is not to be less thar
81 800. Cashier Wright, who acted
as attorney for Norman and engi.
neered the deal, says that he believes
Mr.. Benedict will fulfill the agree
ment to the letter and that the whole
amount will be paid withinA year
The deeds are in escrow =
Mr.. Benedict also bonded from b
E. Vinson the Butte lode, which ad
joins the New Year group, the bono
being practically the same as thai
noted above, except that the tota
price is fixed at $4,000 and the fina
term of the bond Is January LIST, 1899
Mr.. Benedict at once Dut a crew O
men to work on the properties, II
charge of b. Z. Vinson, and the fore
will be increased as soon as the worl
warrants it.
FridayMr. Benedict staked out a full
claim and posted location notices OIL
! ground partly covered by the Look
out, Lucky and Storm King claim
as well as a fraction lying between tn
Lookout and Lucky and which wa
INDICATED. At first the impression
gained that an attempt was beini
made to jump these properties, blu
later it appears that Mr.. Benedic
only desires to secure this fraction
but as the surveys conflict he locates
!, q full claim 50 as to all unlO
Gated ground.
George III. Purmort, who last fal
purchased the Standby, Standby No
2 and Fraction mining claims and sc
cured a bond onthe Chicadee from w
E. Wilson, has been in this section
for a week, accompanied by attorne.
E. E. Lonabaugh, also OF Sheridan
Wyo. Mr.. PurmOrt came to lOOl
over the properties and Mr.. Iona
odush " SAaiiiihC AZ ~ LII
latter gentleman stated to our repre-
sentative that they might be ex
pected back within from sixty tt
ninety days prepared to do SOM
work ON the claims; that Mr.. Pur
mort had interested wealthy mining
men in the properties and that 1
looked favorable for active develop
ment of the mines. While here fur
ther arrangements were perfected
with w. E. Wilson, by which tn
Chicadee bond will not terminate un
til May, 1898. The amount Of thi
bond il $25, 900. Mr.. PurmOrt is un
derstood to have said while here tina
he would not attempt to do mucl
work ON the claims owned or bOndet
by him In Gilt Edge until he ha,
800. 600 behind him and that he fel
that he would be in a position to g
: ahead before fall. The gentlemel
left Monday on their return to Wye
ming.
I'll Everybody Says 30.