The San Francisco call., 1897-03-27
He OWNS THE
FAMOUS LE RO|
Colonel Peyton, the Bonanza
King of Rossland,
in Town.
He Is Now Putting in a Great
Plant of New Ma.
chinery.
The Story of the Shipments and the
Ore in Sight-R fused an Off
of $4,000, ,ooo

Colonel I. N. Peyton, the leading owner
of the celebrated LIE Roi mine at Rossland,
B. c., is among the arrivals here. He has
come up from his winter home at Santa
Barbara. where his family resides, and is
on his way 10 the mine. Colonel Peyton
has been with the property ever since it
was a prospect and has seen it develop
till now 1t is the greatest mine in the
North 1t is a gold property and prom
ises immense aad long continued divi-
dends.
Colonel Peyton was for some time a
miner III the San Juan country in Colo
rado prior TO going to the Northwest. but
the mineral in the assures there was not
~ sufficient grade to suit him. He went
Spokane, and some time thereafter be-
Kan mining in the CoIville country. But
it was, as he explained yesterday, unsatis-
factory to him and be early went to Ross
land TO begin the serious business OF min
ing for gold. In this he was eminen tly
successful. In all his efforts fortune
smiled on him, and he and his associates
have to-day a mine for which they have
refused 1000, 600.
Our price is 81 500, 600 and we do not
care to take any less" SAID he at the
Palace yesterday. "There have been sew
these was man representing, or claiming
TO represent, the London Exploration
Company, and another was noted ex-
pert who had certified check for 500 900
on a Montreal bank, which he showed as
a guarantee that he was what he repre-
sented himself TO be. A telegram there.
too, brought g reply that he had that
amount to his credit there. We were
offered $1,000 600 for the mine, but con-
Guided not TO sell for that"
Colone Peyton receives kilograms every
day regarding the development of the
Rossland bonanza, which has given such
renown in recent months to British
Colum bia mining. The one he received
yesterday said, in part: Concentration
q success; fifty-one tons give $204 metallic
gold from plates; loss in taillngs low.
Nine feet solid shipping ore in face of 500
west drift. Six feet of ore in bottom of
shaft"
The latter shaft is now $50 feet deep.
ION Monday, March %, said Colonel
Peyton, I'VE Will pay dividend of $25, ,0O0.
We pay a dividend every month. In JAN
uary we paid $50 600. This hfty-one tons
the dispatch ailudes to is from the dumps.
We are gathering this up now and concen-
trating it.
1--WE have just put in new plant of
machinery, costing 100000. Included in
the machinery is Rand com pressor, with
mpound Corliss condensing engines.
We are. also putting in new hoist, with
q capacity OF 500 tons a day.
'At present we have hosting facilities
for 200 tons, but these are insufficient.
The mine has been producing and ship
ping $50 tons day. That is what it is
doing now. With the new plant We will
ship from. $50 to 300 tons day. This is
about az it seems to Us now. At present
we are working 135 men.
Our ore goes 10 number of different
places for treatment Some of it is sent to
the British Columbia Smelling and Min
ing Company of Trail Greek and the re-
mainder to Everett, Tacoma and East
Helena. We have shipped little, too, 10
Great Falls.
at looks to me as though there would
be a tremendous rush to British Columbia
this year, and particularly to the country
about Rossland. l am afraid there will
be too many and that we will have too
much of boom. / don't believe in that
l would rather see the country go along
soidIy RosslaEd is a very prosperous
town. There was five feet Of snow there
when left recently, but none at Spokane.
A railroad. the Spokane and Northern,
runs direct from Spokane to RossIand.
making the trip in about nine hours. The
track runs within few hundred feet OF
the lie Roi mine"
Colonel Peyton and his family have