Adams County news. [volume] (Ritzville, Wash.) 1898-1906, 1898-11-09

Idaho and Strikes In the Cascade
Mountains - Neurological Dis
coveries.
Frank NJ. Leonard of Libby, Mont,
states that an attachment was placed up.
on the Silver Butte mine anl plant, near
Vermlion, Mont, last week, by John
Willis, the storekeeper, OF Thompson
Falls, to secure claim of s6i4s for MIR
chandise furnished the company.
The Kentucky & Montana Mining Com.
pany owns the Silver Butte property
Some months since the company became
involved financially and miners in its en-
ploy placed liens upon the property to &c.
cure their claims. The company was said
to be backed by Louisville capitalists, an1
some of them came out to see the prop.
erty.
The wage accounts were settled and ar.
rangements made with the creditors OF
the company, some of whom were Spo-
kane business houses. for an extension
OF time until a road could be completed
to the railroad and shipments Of concen-
trates commenced. Meantime the prop
erty was leased to new company, called
the Vermilion Mining Company, of which
r. R. Schulder, manager of the old Ken
tucky 4 Montana Company, was prcsi.
dent, and George E. Boos OF Missoula, a
prominent stakeholder. The leasers un-
dertook the operation OF the property,
completed the road and began shipping
concentrates to Helena, but the returns
were not sufficient to keep up the ex-
pense account and the attachment is the
result.
IL is said that the Silver Butte mine is
valuable property, and that it only
needs more systematic underground devel-
opment 10 make il successful. The mill
and other buildings 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 is in the southwestern part OF
fiathead county, not far from the Idaho
line.
Low Psr vaIaes.
A number of new mining companies
formed during the last few mapths IN VAR.
ious sections OF the nortbwe.t evidently
intend IN net tbe hest of the war tax ,av.
enue business. As IL has neon uniustIy
decided that the tax must he levied an
the mar v.Iuo of stock tbese new co,n.
panies have reduced the par value to
and 10 cents. While these tactics have
been resorted to to reduce The levy on
each share of stock issued vet mover.
tbeIess IL can not he called dishonor,ble
for the tax as il has been decided nv ,be
commissioner /. unjust. No one would Oh.
iect to nav tax ON the price for which
the shares are sold. but when the mar
value is 81 and the shares only bring,
say 8 or 10 cents, ii is unreasonable to
demand the full tax on the 81, or par
value. As there is no other remedy, the
promoters have decided to organize new
companies in such a manner that the
stamp tax will not act Us Il prohibitory
measure.
Jewels, Jet and Bitumen.
This past eight weeks have been very
productive in mineralogicaI discoveries in
the area tributary to Great Falls. Mont.
Outside OF the sapphire mine near Yogo,
with it's associate deposits OF massive cor.
undum. and probably in the future the
finding OF rubies, specimens have been
furnished me this last week which prove
conclusiycly the existence Of that rare
metal, vanaduein, in the Yopo district;
also deposits Of let within a distance of
20 miles of Great Falls city. Further.
more. within a distance of live miles of
Monarch bituminous deposits similar To
those Of Utah have been found, and arc
known to be Of pecuniary value.
In the Cascades.
Little has appeared in print. but the
strikes resulting from, work performed
during the summer Of gs ON the west
aide of the Cascade mountains are at.
tracing wide attention and capital. A
New York syndicate. represented by Mr.
Haber has been making pavments on
their bond Of s5OOOO for a group on
Troublesome creek. after expendinc about
sac O0O in development showing some
great resuits. An Omaha syndicate has
lust p,rchased an interest from Mr.. Rude.
hacL az the sunset oroun near Index.