Marietta daily leader. (Marietta, Ohio) 1895-1906, 1899-02-07
GREAT DISCOVERY
Of Gold Which is Causing the Wild
est Excitement in Colorado.

COt GNbl'OUlOut w OOlOiob
What is said to be the largest gold
discovery ever made on this continent,
and perhaps in the world, is the rich |
find just reported in the Isabella prop |
erty at Cripple Creek, which caused |
the excitement on the Denver and Col
orado Springs Stock Exchange. In a |
level Uhe company has 20 feet of syl-
vanite ore that will run into the thou
sands, and, besides this, there is a
strike metallic gold from two to
three inches thick and so per cent fine.
Manager Kilburu, of the Isabella, has
given out the following statement:
"The metallic ore body has doubled
morning. Some of the pieces of ore
are eighty per cent gold. / never saw
such mineral and do not believe that
it's like was never mined in this
or any other part Of the world. We
have no assays taken on the rock, but
ton of it could be picked out that
would run anywhere from $4,000 to
5000, ,OOO Armed guards are watching
the property.
1.-The strike was made in the new ore
body at a depth of $50 feet below the
surface The chute has been cut at the
seventh level, 200 feet above, and also
at the fifth. At the latter place an as
say was obtained in the breast of the
drift on two feet of ore that went bet
ter than $1,000 to the ton. There was
blocked out in the one level between
the ninth and seventh level $5,0O0,000
worth of ore. do not say this to fur
tner excite the stockholders but to cor
rect some reports which have been
current"
The price at which the stock closed
to-day gives a value to the mine prop
erty of $3,937 500. The same stock
gave it value of $500, 900 on December
g. last, on which date began the pres
ent rise in value. The Isabella Mine
was one of Cripple Creeks original
bonanzas, but about two years ago the
dividends, amounting to 100000 a
month, were stopped, and the stock
dropped accordingly. The public was
| informed as reason for the stopping
the dividends that the ore bodies had
been worked out. There was also a
change in the management about that
time ]. ]. Hagerman, mining mil
lionaire retired from the control of the
mine, and N. M. williams became its
president and operated the property.
He barely paid expenses during the
| first eleven months of 1898, and some
months drew on the companys reserve
fund to pay its way. About Christmas
The public learned that strike hasbee
made in the lower workings, and
President Williams, when questioned,
admitted that the property would pay
profits of not less than 100000 for
December. Then the stock began to
go up.
Hundreds of the smaller stockhold-
ers complain bitterly of the treatment
| Jllcy nave I6CClNtu' IhSy say buetJ luc
management withheld from them the
real Importance of the strike and gave
| .he tip to some wealthy mine operators
Who bought in the stock from the
smaller holders as fast as it was offer
I'd ON the advancing market. 1t is a
%ell-known fact that Eben Smith, the
Barney Barnato of Cripple Creek, has
within the last few years increased his
holdings of the Isabella from a few
thousand to 100000 shares, and to-day
ais agents are buying all the stock Of
fered at the. highest figures. d. H.
Moffat, the Colorado mining king has
llso been on the inside and Is the larg-
est gamer next to Eben Smith by the
present rise in stock values.
The Isabella has an area of 145 acres
and is situated in the center of the
Cripple Creek distric' 1t has six shafts
and total Old output of nearly 3,000,-
200 in the last six years. The first dis
covery made in Cripple Creek was on
me of the claims now a part of the
Isabella cOnsolidation.-N. Y. Sun.