Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1898-06-18
Total production -, ..,......, )
On POrcupine Creek.

Ymir, b. c., reports that Mackenzie x
Mann, railroad contractors, recently bond
ed the Big Patch group for $4,000 Tor 80
davs. Darrow & French, the owners, to re-
/ tain a one-fifth interest in the property.
/ The Big Patch is situated at the head OF
porcupine creek and was located last fail
/ by barrow and French of Nelson. Con
/ siderable development work has been done
on the property, which shows up fine
ledge, four feet wide, the ore being very
rich i'll free gold, which can plainly be
seen with the naked eye. Mackenzie "
Mann will put a force of men to work
on the Big Patch at once and develop
the property as rapidly as possible. As
SAYS have been made on picked samples
that run as high as $4,000 to the ton
The Butte and Boston.
The sinking fund of the Butte Boston
calls for the retirement of the whole issue
of bonds, which are a first mortgage on
the property, i'll the following manner:
During the first five years of the bond
from April l, 1898, to 1902, the net earn
inos each year up to $4,000 are to be
applied to the sinking fund before any
dividends can be paid on the stock. From
April /, 1903, to 1912, inclusive, ten years,
$40 600 year must be paid to the trus-
tees of the sinking fund, and during the
last five years of the bond an equal
amount each year to pay off the balance
by maturity.
Ola Camp at BeartOwn.
Frank Longmaid, who has been samp-
ling a placer mine near the old mining
town of Beartown, in Granite county,
Montana, has returned to Helena with
sack of gold as the result of his investiga-
tions. He secured an option upon the
property at $4,000 last fall. To thor
oughly sample the property he made pre-
parations to utilize the melting SHOWS OF
the spring in washing the gravel through
steam washing plant Two thousand
yards were treated, and Mr. Longmald
said recently, in response to question
concerning the result, that the product
averaged 80 cents a yard. Mr.. Longmaid
estimates the cost of operating at p
cents yard, and figures the amount or
undevelOped ground at 100000 yards. He
has organized the Summit Mining Com
pany, with capital OF $4,000 to operate
the property, and is the president of the
corporation. 1t is intended that 500 yards
day will be handled. Mr.. Longmaid's
visit to Helena is for the purpose of com
pleting arrangements for the steam shov
ell and pumping plant to be used in the
work of mining.
In Eureka District.
The final payment on the golden Har
vest group of claims in Eureka district
which was bonded by John NJ. Burke and
associates and is being operated by a
company recently incorporated has just
been made. This completes the payment
OF the purchase price of the property
which is said by officers of the company
to have been $4,000. Recent reports
from the group are to the effect that de
veopment is daily adding to the value of
the property. The ledge is said to be an
enormous one and the values are growing
constantly better.
In Southern Idaho.
Cyrus Bradley and W. Halterman of
Spokane have closed deal for the Frank
lin and NiXie mines at Pine Grove, Ida
no. The price is understood to be $50,
600. 1t is their intention to start devcl-
opment work ON an extensive scale I'M
mediately, The dredge of the basic com
pany at Placeryille has been launched. 1t
is 40 by 100 feet in size. The placing of
the machinery in position will begin inn
mediately. This will be one of the largest
gold dredges in the country.