Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-03-26
NEWS Of mining CAMPS
WALKING TO TESLIN LAKE
Good Wagon Road Through IL Tim
bercd Country, and the Valleys
Well SettleI-lmpOrtant Mining
Transuction in Montana-B1g Tun-
lfel Project in Idaho.

Secretary " Goldman 81 the spokane
chamber oi commerce has received an IN
teresting letter from ira E. McNutt, who
! started from Spokane to walk over the
route to Teslin lake. He arrived in kam-
loops III 10 days, and writes as follows:
Il left Spokane on February IT, at ll:3o
a. m, and arrived at kamloops March 6,
at 5 p. N. AS near as have been able
to learn by inquiry at points along the
way. have travelled 303 miles, walking
all but 40 miles of the distance.
II encountered snow on the divide be
tween Spokane and Colville, and again at
Greenwood mountain and on the Camp
Mckinney road. and IA miles this side Of
Camp Mckinney The rest Of the way
to Penticton was good walking
81 came up the west side of Lake Oka-
hogan over a good trail for 20 miles.
From Vernon to Kamloops the roads were
sloppy with snow and mud The roads
have been wet and sloppy more or less
all the way. have had my feet soaking
wet for four or five days at time so that
/ have had to stop and wiring water from
my socks several times a day. but | am
feeling none the worse Tor my trip. In
fact, am more able to walk than when |
started
"The country has been mountainous
and we'll timbered almost all the way. but
the wagon roads are good ones, and fol
low valleys that are we'll settled.
"There is but little chance for grazing
stock on the way from Spokane to KAN
loops, but almost every farmer has hay to
cell at from SS to SIS per ton have
paid all the way from l5 to so cents for
meals.
"The distance from Ashcroft TO Vernon
is 100 miles by way Of kamloops l I'M
derstand there is shorter trail over the
mountains further south, but it cannot be
travelled for six weeks yet.
"Horses can be had all along the route
for trom $S to S25.
II expect TO reach Ashcroft tomorrow
night. l have been walking II days l
am yours on the trail,
"IR-A f. Al'NUTT.''
The route taken by Mr.. MeNutt was
by way of Marcus, Grand Forks and
Camp Mex inney to penticton. This is
only one Of the routes to Ashcroft over
land from Spokane The Willard party,
which left few days since, will endeavor
to reach Penticton by way OF Wilbur and
Wild Coos BilPs ferry.
Consolidation in Montana.
One Of the most important Lining
transactions i'll the history Of the state Of
Montana is the consolidation OF Granite
Mountain and Di Metallic companies.
both big silver properties Of Granite coun-
ty, into one corporation to be known AS
the Granite Bi- Metallic Consolidated Min
ing company. Both boards of trustees
have agreed to the consolidation. whiGh
will result in the starting up of the big
properties in the near future. Under the
laws OF the state Of Montana it is neccs-
sary that the consolidation scheme have
the acquiescence Of two-thirds of the
stockholders of each company. It is said
that more than this has already been Sc
cured. An agreement signed by both
boards of trustees as well as Il circular
have been sent out to each stOckholder
in either company. The amount Of the
capital stock of the new company will be
$4,000, 900, divided into 900 600 shares
Of the par value of so q share: and all
as fully paid and non-assessable, to the
stock holders of the Granite Mountain and
Hi- Metallic companies in The proportion
of two-tfths Tor 100000 sharel to the
stock kholdcrs Of the Granite Mountain, and
three tifths ia the stockholders of the Bi
Metallic.
Long Tunnel on Mammoth Mine.
The survey for the new tunnel OF the
Mammoth is now being made. It has gone
far enough to know that its length will
tance it. will cut at least three lodges
besides the one On which the Mammoth
is located. and the whole distance will
be through ground which the Mammoth
people own. BY many, the Mammoth Is
considered the greatest mine in the Coenr
d'Alenes, there being but two others
which can possibly dispute its right to
that position, and should anything new
Of value be encountered in running the
new crosscut tunnel it will easily be the
greatest. With nearly mile on the main
lead. and several side claims covering
smaller leads; with the longest continuous
ore chute vet uncovered in the district;
with the highest average grade of ore on
the South Fork; with an ore chute that
produces a higher percentage Of shipping
ore than any other. and with tunnel
cutting the lead 1000 feet below the apex
it will be a property that would com
mand attention anywhere in the world.
Recent Dividends.
The following dividends have recently
been declared by mining companies:
Gold Mountain, Montana, 2 cents per
share, $6OOO March S.
The IS G.. NJ. & NJ Co, Colorado, 2
cents per share; payable March l9.
Wildman Mahoney, California, 10 cents
per share; payable February 20.
Pennsylvania, California, 5 cents per
share, $2575; payable Immediately.
Argonaut. California, 10 cents per share,
$2O.0OO March /.
Morning Star, California, So per share,
$l4,4O0; March l..
Portland, Colorado, cent per share:
10000; payable March l5.
Calumet & Hecla,. Michigan, $40 per
share, 81 100000; payable April /.
In American Alaska.
According to the statement Of Z. Den
ham of Chicago, who arrived at Seattle
the other day from Cooks inlet, Alaska,
rich placer field has been discovered on
Kenia peninsula. The discovery was made
in January by a. r. McConnaughty. The
surface dirt panned SO to $40 to the pan.
The find is 1000 feet above sea level. and
for that reason the creek had never been
prospected before. Mr.. Denham reports
that the mines of Cook 3 inlet are turning
out very we'll. The winter has been an ex