The Philipsburg mail., 1899-10-13
A LARGE PLACER DEAL
Mr.. Paul A. Fusz Purchases the
Pardee P|acers at Basin.
PAYS $4,000 FOR THE MINE
The Granite -Bimetallic Magnate Now
Owns Nearly All the Richest
Placers Of the Gulcl, Discov-
cred in Recent Years.


property that have been consummatel
in Granite county in recent years was
closed in this city last Monday. J. #.
Pardee sold to Paul 4. Fusz, president
of the Granite Bimetallic Consolidated
Mining Co., all Of his placer ground in
Basin gulch, consisting of about thirty
four acres, the consideration being 500,
600. This ground is considered the best
in the gulch, and during the past four
years thousands of dollars worth of
gold dust has been extracted by a few
men during tne limited working season
OF thirty days in each year.
Some large pieces of gold have been
found in these diggings- or fifty
dollar nuggets being nothing unusual.
Mr.. Fusz first became interested in this
eulch last April, when he purchased
the placer mines owned by Messrs.
Allen & Specs. A crew OF miners was
employed at this place during last sea
son, and the results have not only been
entirely satisfactory, but rather ex-
ceeded Mr.. Fnszs expectations. The
result Of the cleanup, while no exact
figu1es have been given out, is said to
have been revelation The latter part
Of last April Mr.. Fusz purchased the
claim adjoining the Allen & Specs
placers ON the north, owned bv Samuel
Watson, for $4,000. He also ACQUIRED
later the adjoining ground on the south.
owned by Conn brothers. This made
Mr.. Fusz the largest owner of. groand
in the gulch, the only remaining claims
of any consequence being those owned
by j. T. Pardee, adjoining the Watson
ground on the north.
MIR. Pardee owned two claims-o ae
of about sixteen and one of about
eighteen acres. There is no question as
TO their value, as past operations have
shown the ground to average something
like s5 in gold dust per cubic yard.
This recent purchase makes Mr.. Fusz
ground i'll Basin gulch. There are a
few fractions OF claims that are owned
by other parties, but these are not con-
sidered very important
The Basin gulch placers are situated
IN Granite county, about fifteen miles
west Of Philipsburg. They are unoues-
nitc lISllcSu )ldCtIS uDhI nave
been discovered i'll the state in recent
years, and with better facilities for
working them than We're possessed by
the original owners great quantities of
gold dust will no doubt be taken out
during the next few years.
The placers were discovered in 1898
by II. 6. Allen, and only comparatively
small area has been worked. The
scarcity of water has in the past been
the main drawback, as the flow of
water would only be sufficient for
5lHicing during the short period when
the melting snow contributed the bulk
)f the water, After the snow disap-
peared from the hills the season for
mining was over. 1t Is understood that
pow (slnce Mr.. Fusz owns nearly all
If the gulch) ditch will be constructed
and water brought in from some neigh
ooring stream. This will require quite
an outlay Of money, but with water
sufficient to operate during the entire
less than one seasons run will
reimburse the owner for this expendi-
yure.
A million dollars would seem a mod |
crate estimate of the value of the
placer ground now owned by Mr.. |
Fusz in Basin gulch, and it is
expected that the gold output of these
mines in the next few years will bring
3ranite county to the attention of east
> II capi alists seeking investments in
profitable mining enterprises.