The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-05-21
SALES AND DEVELOPMENT
MINING IN THE NORTHWEST
rae lie ROl ssId for ea,oOO,0OO-
Historical sketch Of the fAnSSs
RSasIana PrsPeFty-In the Pierce
District Of IdAhS-New Life In JET
feFson CSaAty, AaSntanA.

by far the largest mining deal ever con
snmmAted in the northwest Was elosed
Saturday, when the final papers were
signed that transferred the famous lie Roi
nine and smelier al NoFthPoTt 10 the
British America Corporation toT the sum
OF sJ,0oo,0O. ny the terms Of the sale a
halt millioh dollars IS paid down and an
equal payment made moaihly until the
enIiTe price is paid. The lie Roi. Sihee its
first development in ls95, has paid in div
ldends the handsome sum OF $50 ,0,O OF
the 100000 paid for the mine, four
hfths OF il goes 10 Spokane parties. The
new o~ners have already acquired all the
mining pruPertiss surrounding the lie ROi
and Red Mountain, embraced in about
500 acres Of land, and It Is now the inten.
tlon u the corporation 10 develop a mum
Der u ths-e miRes from the workings u
the lie Roi mine. Ihus saving hall nail
lion in development work.
joe Burgeois and Joe Morris, two
treiaeA Canadian prosF~rtofs, wese the
dts-oE eFers vi the property. Joe bur
ge'ois, y hO had mined in plAeers bat never
IN quartz. Was seat 10 do assessment WOgk
upon the Lily May, the drst claim loeatr,l
In Ro.sIand. Til. work prrtorme,l, Bur.
geois loafed and smoked and waited fqr
supplies that we're coming from Nelson
Looking across at Red mountain, he saS
It was bare in places and could be- easily
pro@f@cted. In the meantime he had b.
come associated With Joe Morris, a pru=,
! psctor, and the two went asro-s the Gan
Z yon and discovered the bold irun ca piping
Of numerous stroRg veins On thr--- they
loe1ted the lie Roi, the War kagie. The
/ Centef Star, the Idaho and the Virginia
I But With prospective million. in theiI
/ grasp, BurgrV14s AMI Morn, we're psos
( men, 80 poor that they eosiid hardly claim
a grubstAke. BuFge0is With hi, ,ant out
Mt tramped over TO Nrlson There he
showed his samples, with httle er.7purlg-
ment- Burgeots VAS decile,Ily blue and
( discouraged until be run acres, Cs4onel
= ; Topping. Topping had be-n mining
retorder AMI Vas running a sul4II ,,or,
+ al Nelson lie qarstiosri Bufgrots and
found that the only aSsay va, irum th-
Virginia The Others may do better,
be reasoned. 1T 5 clean ore ami the win,
are bag
The outcome vas that BurReois an.
/ Topping made . -aickrr" ropptag wa
To pay the fees for los.ating the i've claim,
and vas 10 have his rhoice ot one Of u.
I proPeTties. Burgeots came back 10 Ini
errvk, stripped OF the iron Gaping. pa
in a few shots and found clean ore ab-Jy,
the fr roots Topping follow I'll and mad,
crude assays, Whieh gave more ~urour
aseing returns; and the thrre Topping
BurgeuEs and Morris -- gathered arouns
their lonely camp hre ami resolved I,
stay With the strike and give It tai
trial
That u the story a. narrated By ca
onei Topping Of the discovery 81 IN.
mines d Trail creek
Burgsot> odd Hrs halIingS Tor SIS "a
or s2o.oto and went up INTO the Fort
steele district and los-ated a silver isa!
claim. sold it foP 10000, and then went
to the Northwest Territory. b.,aght q
500 acre ranch and --nt back east 70
Canada for his relatives. The dream OF
his life has been realized he has s,rirk
Il rich AMI settled d0,gn.7
AIarris carried $4,000 10 $4,000 out d
the camp. came dow n 70 Sppkane. married.
a school teacher and bought home On
the north side and has sincs bs~otns a
farmer.
In the fall Of $500 George VI. Forster