The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-25
MEN IN CONTROL
M. e. Graves Transfers His Gold
Mountain Interest.
IMPORTANT MINING DEAL
Many Changes to Be Made in the One
ration of the Ruby-The End OF a
Disagreeable Contention-Some
Good Mining Claims.

special correspondence of the Standard.
Basin. Oct. 24.-One of the most i'm
portant mining transactions affecting
the Basin mining district that has oc-
CURED for some time was a deal which
was contaminated i'm Butte last week.
whereby h controlling interest in the
Gold Mountain Mining company was
transferred by Milton f. Graves to a
party OF Butte mining men. With this
new deal the Standard reporter under
stands there will come many changes
In the operation OF the Ruby mine.
Heretofore there has been much dis
agreeable contention between MIR.
Graves and the other members of the
company.
AS a stakeholder In the Ruby was
Mr.. Graves first experience in mining
ana his plans and methods for operat-
ing the mine seemed always at vari-
ance with the ideas OF those who had
been elected by the directorate to man.
age and superintend the working OF
the properly. CONSEQUENTLY trouble was
frequent, and many and frequent were
the stormy sessions held by the board
OF trustees. All of this old trouble
now seems to be fortunately settled
under the new control OF the property,
and everything appears favorable to
the operation Of the mine on a scale
commensurate with its greatness.
The Ruby has produced ore that
brought returns as high as S15. 900 to
the car, and has well earned its rep
utation as one OF the mine bonanzas
OF the state. Now that there is once
more peace ia its family of stockhold-
ers 1t should come gradually to the
front as a dividend payer.
In that section of country immedi-
ately surrounding the famous Ruby
mine are hundreds of promising min
ing claims awaiting capital to develop
them. One of these. the Ballot, is be-
ing worked on a lease and bon by
August Felz. Charles Horton. Bryan
Erving and John Corliss. Report reach
es here this morning that they have
struck a good sized body of rich ore.
Saturday night the pumps succeed
ed in taking the water out of the Hope
mine to the 5O0-foot level. and now
everything Is in readiness for the min
ers to resume sinking i'm the shaft. AS
has been heretofore stated i'm the Basin
correspondence of the Standard. IT Is
proposed to sink this shaft to a very
great depth and to open up the min
on n gigantic scale. Some Of the veal
thiest men of Boston are behind this
enterprise. and the success of their
plans is practically assured, as IL would
seem that a mine which has already
produced such a large amount OF
wealth as has the Hope. would certain
ly turn out well when developed on
such an extensive scale.
II. w. Farmer and John Weston,
two well-known gentlemen of Butte.
came out TO Basin about three months
ago and commenced developing the
Mary Ann mine on Rocker creek. To-
day they have their mine well opened
up. have a good body of ore in sight
N are making regular shipments OF
ore to Butte smelters. There are half
a dozen mines In the same ~neighbor-
hood that are being opened up by their
owners in a small way. from which
some good ore is regularly being taken
out and shipped.