Adams County news. [volume] (Ritzville, Wash.) 1898-1906, 1898-11-30
NEWS OF PRECIOUS METALS
ITEMS, FROM THE BIG CAMPS
Mining News From the Pacific North
west-End of the LIE Roi Struggle
Reached mt Last-strikes and Div
idends-Quick Work on Tunnel
General Mining Notes.

British America Corporation last week
closed the deal by which it will become
absolute master of the lie Roi mine in
Rossland The Turner stock passes into
the hands of the corporation to the extent
of 205,000 shares. The price will be $7.25
per share, or 81, ,4S6, ,250 in money, and the
vendors of the stock will be allowed the
cleanup at the smelter, which it is vari-
ously estimated will net from $l50,000 to
100000. 1t is considered safe to say
that the price all told will be So net to
the members of the minority faction.
Reorganization of the directory of the
lie Roi company was effected, and the
British America Corporation is now in
control Of the property. At the meeting
OF the trustees the designations OF the fol-
lowing members OF the board were pre-
sented and accepted: valentine Peyton' J.
N. Peyton, y. M. Armstrong, w. d. u
Wakefield and ID. M. Henley. Ihey were
all members OF the majority, or the Fey
ton faction as IL was KNOWN during the
most stormy period OF lie Roi history.
They did not resign ONCE at the time OF
disposing OF their stock to the BRUSH
America Corporation, 1t being UNDERSTOOD
at that time that they wouid continue 10
serve until 1t suited the interests OF the
British America Corporation 10 nave
them resign.
In the stead OF the gentlemen who re-
signed the following were elected; Z. IL.
Macintosh, T. Mayne DAILY and Edwin
Durant OF Rossland and w. B. Heypurn
and George Turner of Spokane. The other
members of the board holding over are
w. j. Harris, w. w. ID. Turner, Frank
Graves and w. Nj. Ridpath. The board
as reorganized will remain in Office until
the annual meeting, which takes place
January IL, 1899.
An Idaho strike.
The Mascot Mining Company, operating
on Gold creek, in the Pierce district, Ida
no, has struck it rich-a mill test of 40
tons netting 27a ounces of gold, which
was brought to Kendrick by Captain f.
f. Rodgers, manager of the company. The
results have elated the operators, and
work has been commenced on 200-foot
tunnel, which will open up large body
of ore. The company has a sawmill and
an amalgamator at Kendrick and will
push the development work all winter
Captain Rodgers showed a sample OF the
ore that had been subject to test that
showed considerable chloride OF gold, an
element that was not known to exist in
the ore OF that district in paying quaiiu-
ties.
Rapid Work on Tunnel
The Bunker Hill and Sullivans Kellogg
tunnel is making more rapid progress
than any tunnel has ever made IN the
Occur d'Alenes. 1t is now in over mile
and is adding IL feet to its length as reg
ularly as each day comes around. No
very hard rock has been encountered
thus far, nor has there been any sign OF
mineral wealth. 1t was commonly e<-
pected that blind leads carrying ore
would be cut before going as far as they
have already gone. The surface of the
ground thus far has been generally COW
cred, and nothing known OF "hat was Ill
the formation, although several claims
have been located on 1t at different times'
Another Dividend Payer.
Another famous old dividend payer has
swung back into line. The Tiger-Poor-
man Consolidated Mining Company last
week declared a dividend of $4,000. 2
cents per share on the capital stock of
900, 900 shares, payable December 20. In
their day the two companies, before con-
solidation, paid dividends of half mil
lion dollars each. The property of the
company is on Canyon creek, in the Occur
dAlanes & s. Glidden. president Of the
Old National bank of Spokane, is presi.
dent. and Frank Culbertson is secretary
and general manager. Mayor E. D. Ohm
sted of Spokane and H. L. Frank and
John Moves of Butte are the other di-
rectors. The stock is held almost exclu-
siyely in Spokane and Butte. Barring un.
foreseen accidents or lack of water from
severe weather and the freezing up of the
sources in the hills. the COMPANY expects
10 nav 1000 regularly every 60 or 30
days
Gold au.r,. vein.
II q and Fred Fll;s George Iennstraud
- - H., nm h.ys' d;scovsred . trur
e. LA haa,;no Quart ve;n which in.
nsasaea ss e IN w;dth FROM less than a foot at
e'eae'1 ~ a. e. a.. tsat - .,;d,h =, a dsntt
eiass ,oo'' ~ nSe . .ess - -. 80 ~ ~ e.s.I :.