The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-11-12

fWNEHN&Gs
Frank ~. Leonard Of Libby, Mont,
states that an attachment was placed mp
on the Silver Butte mine AMI plant, near
Vermilion, Mont, last week. by John
Willis. the storekeeper. Of Thompson
Falls. TO secure claim 81 e5i4s for mes.
chandise furnished the company.
The Kentucky 4 Montana Mining Csn.
pany owns the Silver Butte property.
Some months since the company became
Involved financially and miners in it& en-
ploy placed Liens upon the property to ne
cure their claianA The company was said
70 be backed BY Louisville capitalists. snd
some Of them came out TO see the prop
eFty.
The rage accounts were settled and ar
faRgements made with the creditors Of
The cosnpany, some Of whom were 6po-
kane business houses, for an extension
Of time until q road could be completed
TO the railroad and shipments Of eonoen-
trates commenced. Meantime the prop
ery was leased to new company. called
the YermillOn Mining Company, 81 which
II, n. EehnldeF. manager Of the old Ken.
lucky a Montana Company, was puesi-
dent. and George y. Boos OF Missoula,
prominent stakeholder. The leasers nm
dsFtook the operation Of the property.
completed the road and began shipping
concentrates 10 iIelena, but the returns
Were not Sufficient 10 keep up the ex-
pense account and the attachment Is The
result
II IL said that the Silver Butte mine IL
= valuable property, and that IL only
needs moFe systematic underground deyel-
opment 10 make IL successful. The mill
and other bnildings are far more elabor-
ate and Substantial than the ordinary
mine equipment, and have elected much
praise from mining men who have visit
ed the property. The location Of the
property Il In the southwestern part Of
FlAihead county. not far from the Idaho
line.
Law PaF valses.
A number q new mining companies
formed during the last iew months In var.
ions sections Of the northwest evidently
intend 10 grl the best of the var tax rev.
enae business. As Il has becn unjnstly
dc~iIed that the Tax must be levied on
the par value OF stock. ihesc new CON-
panies have rcduced the par value 10 s
and 10 cents. While these tactics have
bern resorted to 10 reduce The levy on
! each share Of stock issued. pet never.
theless Il can not be called dishonorable,
toE the lax as II has bern decided by the
commissioner IL unjust No one would OBJ
Iect 10 pay tax on the price for which
the shares are soia. but S'hCn the par
, value Is 81 and the shares only bring
; say o. 10 ccnts, Il Is unreasonable y
demand the full tax on the 81. OF pal
value. A. there il no other remedy, ths
. promoters have decided 10 organize new
, companies In such a manner that thu
; stamp tar ~ill not act AZ a prOAihltory
. measure.
! Jewels. See an4 8aaame..
Thla past eight weeks have beea very
productive In mineralngieal discoveries Il
; The ara tributary 10 Great Falls, Mont
: Outside of the sapphire mine near Yogo
n with lie associate deposits Of massive cor
e undum. and probably IN the future tn
: andiag 81 rahies, specimens have beei
y furnished me this last week .'hicA PROV
eonriusiseiy the existence Of that rar
metal, vanaduein, 10 the Ycgo district
n also depoaita Of YET within = distance 0
/. % miles q Great Falls city. Further
q more, within q distance al i've miles o
Monarch bitumino1s deposits similar 4
shO.e Of Utah have been found, and ar
n known to BE- Of pecuniary value.
le In the Cascades.
y Little has appeared in print, but III
q siEikea resulting from work perfcrme
aurinR the summer q % On the IVES
aide Of the Cascade mountains are Al
a tracing wide attention and capital.
II New York syndicate. represented BY Nj
re IIaber, haa been making payments o
aa thrir bond Of $4,000 for 4 group o
.. Troublesome creek, after expanding aboU
10 sso,OoO In development, showing SON
re great results An Omaha syndicate hs
lust purchased an interest from Mr. Rad
heck. Of the Sunset group near lnde'
a. and large amount has been subscribe
IN 10 ps.sh operations. About three weel
ne arc the ledge was intercepted $50 te'
m IN. at about the same depth, reyealiu
four or Ave feet 81 chalco-pyrites. ave
aging so 10 $50 per ton. Arrangement
are being made 10 commence shiPPin
or Bcsiaes thesc, other deals have been nlas
re In several Of the campo
ne TAe LIE net Deal.
The British America Corporation
p. making determined fight for the minO
ed Ity stock Of the lie Roi Company. and
ar 4 predicted In certain quarters that &
st day Il not fortnight removed when I
10 bic corporation can announce tie emil
on control Of the biggest mine In Rosslan
re last week Edwin Darant, manager Of
en- British America Corporation, met s.
ator Turner at Northport, wheFt the seH
tor had delivered campaign adore
and accompanied him 10 Colville. whs
Y" the upbound train vas met and Mr. y
ae' rant returned TO Rossland. On the Ira
-el Inc gentlemen were In close ccnsnltatiS
cen ana bolh have since admitted that |
proposed sale Of the minority stock
me n. A. c. was the subject discuss
Roth gentlemen have since asserted U
zen the dicksr came to naughI
'a rae Repahlic Tuaasi.
~ The great Republic tunnel that y
hsvun ave months since was complel
=, -, ~,o.k IA IA exactly 400 feet