The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-07-02
MINES AND MINING CAMPS
; TWO GREAT SENSATIONS.
The Republic Dondea far Three
Miiiies Deiiars-Exeiaing Times
Over the LIE Rei saie-aew Reads
60 the Camps-ceGaR Canyen news

Spokane, June 27.--An option for 30
days has been given on the Republic
mine. This i no longer a rumor. Pat
rick Clark, the largest holder Of Republic
stock, admits that such il the ease.
we gave = S0-day option on the Re.
public about week ago" said Mr.. Clark
when asked for q statement on the sub.
jest. Il am not At liberty at this tine
10 name the terms Of the deal nor TO say
TO whom We have given the option. !
may say, however, that the option Is for
10 days for the purpose OF permitting an
examination Of the property, and expert.
are now making the examination on be.
half Of the parties interested"
Mr.. Clark declined ID discuss the dea;
for the sale OF the mine further. II wa
learned, however, from most reliable
source that II Il tho British America Cor.
poration which has tied The property ~
for 10 days aud that 5000, 900 il the
price. Hector Mae Rae and other experts
in the employ of the big syndicate are
known 10 be In Republic. Parties bear.
ing close relationship 10 the British
America Corporation assert that there Ii
little doubt that the deal will 20 through
Hon. c. H. Macintosh, managing di.
rector Of the British America Corpora.
ton. came down from Rossiand late last
week and was asked about the option on
the Republic.
Il ana much annoyed" said he, ION ac,
count Of these reports that either or the
British America Corporation have bond
I'd the Republic mine o.. taken an option
on II. There IL no truth in the state
menss 10 that etiert and no foundation
for the ramor. ! want also 10 enter az
emphatic denial that Whitaker Wright
or any Of the parties with whom he Il
interested in mining in the northwest Il
eonceFned in any bond on the Repnblis
mine ] know that such Is not the case
and you can say most positively tina,
neitheF the British America COrpoTati0r
nor any Official Of Il IL in any way con
ceTned in any bond or option on the prop
eTty. On the oontrary, may add that
am in Feceipt Of telegram from Whit
aker Wright advising me that the cor
Poraaion ~iii not buy any more proper
ties for at least seven months SO Il will
BE- that length Of time at least before VIZ
can begin 10 consider properties in Eu
rekA camp"
Governor Mackintosh ID evidently right
In stating that the British America Cor
PorAii0A has not taken the option ON ID.
Rrpublic mine. II h well known that Il
Is not the intention Of the corporation 4
operate under that name and arKanIEa
ton on this aide Of the inieFnationA
boundary line. II IL asserted by paTtiel
In Spokane IN . position 10 know In,
facts that Il is the Whitaker Wright
crowd that IL seeking 10 buy the minc
While this is not the British America
Corporation. the deal il said to be in
spired by the men in London who are tn
bead and front Of the eoEpOntioa.
The sale Of the Republic for 5000 90
IL the biggest mining deal ever cOntem
plated in Washington, and IL Il is elose,
Will be the biggest mining sale rAde II
the western part 81 the United States il
the last quarter Of = century. Consider
ing the fact that The mine was locate
only little more than two years ago, Il
February, 1893, and that Il IL Develops
only TO the 900-ioot level, the price 4
large one. But when the fact il takei
into consideration that the purchaser
risk nothing In buying the property a
that figure, as Il IL conceded BY cuaserva
tive mining men that there l. almost j
not quite enough ore In sight 10 pay tn
price, the figure Il not astonishing.