Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1897-12-31
.I|N|NG HERE and THERE
rrw MINING CORPORATION.
,n,ic Concern Organized In Lon
,on with "a Capital of. $7,50O,OOO
Has Already Secured Mining
properties on the West Coast of
America.

Has Already secured Mining
properties on the West Coast of
America.
dispatch from London is as follows:
aThe prospectus of the long talked of
and gigantic British American corpora
,ion is issued. The capital is 100000
rounds sterling, of which 100000 one
Mound shares are now offered at par, the
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
anccr. The corporation has secured the
famous LIE Roi and Josie mines as well
"a eight other well known Rossland mines
and Nelson properties. 1t also secures as
going concern the Alaska Commercial
Company, with the townsite at Dawson
City, and claims on Bonanza, Ell Dorado,
Bear and other Klondike creeks"
II is evident that the cable refers to the
West LIE Roi-Josie company, owning the
Annie claim near the lie Roi, instead of
to the LIE Roi 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 800
each from two leading business houses in
the city, with pledge to contribute 500
additional for each ST 900 received by the
soliciting committee.
H. H. Baldwin, ex-sheriff of Flathead
county, Montana, was in Spokane the
other day arranging to start in February
over the Spokane route with pack train
Of IS 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 of sew
en-, and he expects to contract with three
more. He will go to Ashcroft by way
of Okanogan lake. 81 have made a care
full study of the route" said Mr.. Baldwin.
81 am satisfied that it is practical and
that pack train will pay. j 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 ! expect to find profitable employ
ment."
lie ROi 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 at is doubtful, most doubtful
whether in the present temper of mark
cts, the LIE Roi deal will 60 through, but
he directors now in London might cou-
slider whether, with the assistance of the
powerful group in v hose hands they nov
are, they would not be well-advised IL
marketing the shares of the stock ex
change. Those connected with the said
group certainly have the experience neces
ary to carry through an operation of the
description suggested"
Paying the BuckhOrn Bond.
]. P. Irwin has made the second pay
ment of $500 on his bond on the Buck
horn property, located short distance
northeast of Bonner's Ferry, Idaho. The
amount of the bond is $4,000, and the
owners of the property are Jasper King,
l. j. Bryant, Charles Ewing and DAVID
LOngley, all of Bonner's Ferry, Mr.. IT.
win has force of men employed on the
claim driving a 350-foot tunnel to cross
cut the ledge. Payments on the bond eX
tend until June l, 1898.
Idaho's Gold output.
The latest statistics of the Boise ASA!
office is the published report of Assaye
Church for 1896 which gives the gold out
put for Idaho for that year at $2,323,Ioo
The work done in the Office for this yea
indicates that 1897 will mark large ao
vance in the gold output for the stat
over many previous years. The stream
The yellow metal comes trickling IN thol
sands OF small rivulets from the grea
mining camps and from the smaller place
dlggings, and the aggregate this year.
The present assayer thinks, will reach u
100000 mark.
Copper River Strike.
Jim Wardner, the well known minir
man, has received a letter from Geor!
u Rennacks, leader of the Copper nv
expedition which sailed from Seattle
the steam schooner Augusta the latt
part of October. Rennacks wrote on N
Vember IA from Shaken, Alaska, al
among other things he says that McDo
ala, one of his partners, has just return
from the interior of the Copper river d
met with stake of $4,000, and tn
'hey have discovered one of the rich'
quartz lodges in the world. The led
ssaid to be So feet wide and to assay J
per ton. 1t is within easy reacn OF nj
gable waters.
Strike in Ruby Mine.
REPORTS rnnaivnd Of Ruttp Mont, tr