The daily sentinel., 1899-03-07
FORTY THOUSAND.
Nancv Hanks and Three Other
Properties in the Una
weep are Sold.

A mining deal Of magnitude was on
the tapis all day yesterday. 1t was con-
summated last evening and the Nancy
Hanks and several other copper hines
in the Unaweep have. passed into the
hands Of Denver parties, who will at
once place them upon the enlarged foot
ing OF producing mines. And The
Sentinel desirs to say right here and
now that the present sale is not on pa
per or is it wild cat sale to attract in
terest, but there has been placed to the
credit of the men who were owners OF
the properties that have been sold inthis
deal, quite coIsiderable sum in cash
money and the deeds in ecrow are in the
Mesa County bank to be taken up in the
space OF sixty days.
The mines that have been sold in this
deal include foremost the Nancy Hanks,
upon which much time and labor has al
ready been spent, the Jack Pot, Anna
and Last Chance The consideration for
the purchase OF these properties aggre-
gates forty thousand dollars and at least
ten thousand in cash has passed into
the hands of the people who were the
original owners OF the properties. The
balance of these payments will be made
during the next sixty days.
The parties who ore purchasing or who
represent, Including themselves, the
stock holders in the company are z. A.
Howard and G. e. Stubbs Of Denver.
They have been in correspondence about
the mine for the past month and after
having made an examination Of the
properties they have been anxious to
sonsumate the deal
These gentlemen will at once place
machinery of magnitude into the work.
ings of the mine, and shipments will
start at once. They have bought it to de-
velop it and they will not waste any
time, considering the price copper is
bringing at the present time.
The credit for making the sale OF those
properties ia due entirely to M. L. Alli-
son, president OF the Town company.
He, it was who brought to tho consider-
alton Of the purchasers the value Of tho
mines. He then secured their presence
in this city and with them made = trip
to the mines last Saturday. he has la
bored hard to bring the mining regioa,
included in the Unaweep, into promi-
nence in this state and this is the first
result of his work and the former owners
Of the mines are free to say that he. 10
entitled to the credit.
Nancy Hanks has always been consider-
cd the leading mine in the Unawesp
country, it and the other properties arc
located on the same vein Of copper
which is found running through the
Paradox valley, about which 90 much
has been written and said. 1t has the
same formation and will without any
question whatever produce the same, II
not better ore in copper and gold. as is
being produced in the mines In Paradox
valley. There is only one matter OF diff
ference and that is, that the mines in
the Paradox country have been longer
developed and have been brought to q
much greater developmentthan have the
mines in the Unaweep. All this how
ever, will be changed under the stimulus
Of capital, which the present sale is the
opening wedge.
1t has only been little over a year
since the hrst development work was
done in the Unawesp. Tho Nancy
Hanks was from the frat considered to
be good mine and the faith OF Messrs.
Brown and Smith has been rewarded
in the present sale. Other sales must
follow aud the mining interests OF tho
Upaweep from this time forward ought
to 90 ahead with bound.
Rev. E. Edwards, pastor OF the Eng
lish Baptist church at Minersville, Pa,
when suffering with rheumatism. was
advised to try Chamberlain's Pain Balm.
He says: "a few applications OF this
liniment proved OF great service to me.
II aubdued the inflammation and relieved