The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-20
GREAT IS THE REPUBLIC.
MINES IN THE DISTRICT ATTRACT
ING MUCH ATTENTION.
Toronto Capital Has Purchased the
Iron Monitor, which Lies south
Of the big MIne-Other Proper
ties in the District Looking U.
Special Dispatch to the Pos,-Intelligencer

Special Dispatch 70 the st-Intelligencer.
SPOKANE, Nov IS The most important
event IN mining circles this week Was the
purchase o. the controlling interest in the
Iron Monitor properly, IN Republic camp,
ny Y. d. Williamson, CT this city. who Is
understood 10 save Toronto capital inter
estsd with him 2 The deal. For the present
Mr.. Williamson declined to make pubic
! the price Of the transfer The important
OF the deal, in the estimation OF iccal min
ing men. is in the fact that capital in East
ern Canada & becoming interested in the
camp. The Iron Monitor claim lies south
Of the Republic mine, ard adjoins the Pr.n-
cess Maud on the west. The deyelopme Ht
on the property consists OF a cross-cut tam
| net 100 feet long and numerous surface cuts.
The new company VII prosecute vigorous
development OF the property. 4 contract
has been let TO continue the tunnel loo fest
which. 1t is expected. viii cut the vein at a
depth OF $50 feet A contract was a.so LEI
10 sink a shaft fifty feet on the north end
of the ven. There are three distinct yeif 3
running through the claim. the main one
showing a width of fifteen feet. carrying
an average value of SO The highest assas
obtained was so. and thi; Eear the sur
face. The company has plenty OF money
in the treasury 10 carry on the work.
Republics Third Dividend.
A third dividend of 1900 was declared
by the Republic mine this week, which VII
be paid on December 10. Commencing with
the first OF the year IL Is expected the com
pany will commence TO increase tie amount
OF It's monthly dividends, which may run
TO $io9,O99. The new or, rather, enlarged
mill al the mine VAS started up Wedaas IS
day. and was found to work smoothly and
10 meet all requ rements. TIE mil vii
now handle from thirty-five 10 forty tons of
ore daily, and places the mine entirely in
dependent Of shelters. as Il is not neces-
sary 10 ship unless the company desires
1t IS The intention, however. 10 continue the
present daily shipment of six and seven tons
OF high grade ore TO the smelter as long as
hauling remains good.
Fine Prospects in Republic No. 2.
Andrew Clyde, superintendent Of Repub-
lie No. group. came down from Republic
this week and reports the lower tunnel in
about $50 feet. with a fine showing of good
ore. He has made numerous surveys with
other experts in the camp. and it is NV
generally conceded that all the lodges in
the camp run into the big Republic No.
hill. which IS in direct line south of the
Republic mine. and is the highest hill in
the camp Oh this lire. Mr.. Clyde is conf
dent he viii find the big blowout of the
district under the BILL, and claims il will be
the mother pay shoot Of the entire district.
Mr.. Clyde will return to the camp tomor-
row, 10 resume work on the tunnel with an
increased force Of men, as the company de-
sires TO rush the development with all
speed. The last week has resulted IN the
sale Of considerable of the treasury stock
at steady advance, and the company now
contempates taking the balance OF tie
market as il is believed there are sufficient
funds in the treasury to complete the tun-
mel.
DISCOVERIES of the Lode.
Mr.. Clyde. by the way, is one of the earl
est miners in Republic camp. arriving there
just five days after the first claims h ID
been located, including the now famous Re
public mine. Tom Ryan ana Pail Cress r
two busted prospectors. had been grub
staked and were the first men In the camp.
When Mr.. clyde arrived he found both of
them thoroughly Disguised with the pros
pect. a few days later Creasor went to
Colville to record the claims they had 10
Gated, while Ryan remained ~ continue
work. In order to eat up the grub stake.
1t MAS by the merest accident that the
Republic was ever opened" said Mr. Clyde
Samples OF the surface groupings from "A
number OF the Claims they had sent out for
assay failed TO show up any values, in fact.
the quartz was mighty hungry looking and
the most careful panidnG failed 10 show q
trace of gold. Ryan thought he might as
well stand ip on the Republic ana he sunk
a shaft eleven feet before his grub gave out
lie then sacked up some Of the cnalky look
ing CEe and sent II TO Rosslani 10 the men
who had furnished the grubstake after
which he started across for the Okanogan
country in search of work. 1t was not
long. however. before the Rossland parties
arrived At the camp looking for Ryan
The Republic ore had shown up some sat
!sfactory values ana the men who had
furnished the grubstake wanted some more
work done. They found him over in Okan-
oean and with MS return the development
OF what Will undoubtedly prove the biggest
mine IN the United Staycs was begun. As
you already known both Ryan and Creaser
have made fortune out OF ,heir discovery
and they still retain valuable Interests in
the camp. / could have located ali the
townsite Of Republic had / wanted, hut
after paying oug considerable money for
assays without getting any results / also
lett the camp. / returned In the following
spring however, and have been there ever
since. arm satis:ed that II r public No
We viii hpd rich q pay chute as there
is in the camp "
strike i'm Golden Harvest
Another strike was mace in the camp
This week which has occasioned conS.4erab.e
excitement III mining circles The fu,lnei
in the Golden Harvest encountered a lsdra
or hue locking Gre al So feet which IN
t. iast reports was five feet wide and me
cross Gu; was not yet through th, quartz
The average assay taken from across .h4
entire ave feet went 81 81 in gold. The
strike s particularly gratifying as gut0, T.,
prove hat good oyt. exists I'm fha ta4.. 40