The Anaconda standard., 1899-10-05
He GETS A BIG RAKE-OFF
Uncle Sam Profits by a Deed
Recorded Yesterday.
WATER RIGHTS ARE SOLD
Also the Property OF the Flint Creek
Electric Power Co.-A Friendly
Company the Purchaser-Blg
Work to Be Started.

= Five hundred and seventy-two dol
lars and fifty cents worth of revenue
stamps were affixed to deed filed in
the county recorders office yesterday.
and the consideration named in the
deed was only 81. The value of the
stamps, however, would indicate that
the value of the property transferred
was s572,500 The transfer was purely
formal, it is understood, but even for
NAL transfers must pay the stamp tax
in the full value.
The deed was made by the Flint
Creek Electric Power campany and
transferred to the Montana Water,
Electric Power and Mining company
vast amount of water rights, fumes
and other property, practically all the
assets of the Flint Creek company. 1t
is generally understood that these COM
panies are offshoots from the Granite
Bimetallic Mining company. For
many years the Granite Mountain and
Bimetallic mining companies operated
as separate corporations. They were
consolidated in 1898. Prior to console
dation the Flint Creek company had
been organized by the Granite Noun
tain people. After the consolidation the
Montana company, named as the gran
tee in yesterdays deed, was organized
by the interests Of the consolidated
company.
For many years these people had
owned vast water rights in Flint creek,
in which there is a fall Of 1000 feet in
half a mile, developing an enormous
power. An immense flume carried the
water, passing through two large tun-
nels bored for it's accommodation.
After the consolidation of the two
min ~ decided
utilize the water power to generate
electricity, to put in a huge electric
plant and transmit electric power to
Granite, Phiipsburg and vicinity. This
was about to be done when came the
fall in the price of silver and the shut
down of the mines. The working OF
the mines was resumed about a year
ago and now the plan for building the
electric plant is about to be put into
operation. The transfer of the prop
erty from one power company to the
other is understood to be preliminary
to that being done.
The Montana Water, Electric Power
and Mining company, like the Granite
Metallic Mining company, is chiefly
owned in St. Louis. The officers are:
President, Paul A. Fusz of ST. Louis
and Granite; vice president, L. M.
Rumsey of st. Louis; secretary, c.
Jagels of st. Louis. The resident agent
The deed transfers, in addition to the
fumes and other property, the follow
ing claims: Aurora placer claim, To-
Gated Jan. 16, 1889, by Frank D. Brown
and others; ST. Patrick quartz claim,
located March II, 1892, by Fred 7. GU
telius; the Anderson quartz claim, To-
Gated March 5. 1894, by Joseph H. Har-
per: the Electric quartz claim located
Nov. 2. 1891, by Fred P. Gutelius; the
Fredmore quartz claim, located Nov.
2. 1881. by Fred P. Gutelius, also water
rights as follows: 1000 inches of Flint
creek, located Nov. 15 1883. by Frank
D. Brown; 5000 inches of Flint creek.
located Nov. 49, 1889; 5000 inches of
Flint creek, located Dec. 8. 1889. and
5000 inches of Flint creek located
May 25 1891.
All this property lies northwest of
Georgetown on the county line between
Deer Lodge and Granite counties.
The work about to be undertaken,
together with that now in progress in
the mines on Granite mountain, will
make things lively in that part of the
country. One of the big works that
have been in progress long on the
mountain is the huge tunnel that is
being driven from Rumsey to Garnet
to intersect the vein of the Granite
Mountain mine. This tunnel is now
in about one and one-quarter miles.
When completed it is intended to han
die all ores down to Rumsey through
it instead of by way of the overhead
tramway.
All this work calls to mind the pic
turesque early history of Granite
mountain and it's rich silver ledges.
The discoverer of values on the noun
tain was Eli D. Holland,7 now a resi-
dent of Deer Lodge. In 1876 he was
living at Philpsburg and frequently
went hunting in the surrounding hills.
One day while hunting in the vicinity
of Granite mountain he sighted moose
which he pursued vigorously. 1t fled
before him and in its flight kicked
piece of rock loose from what evident
ly was ledge.
Holland picked up the piece and.
growing interested in its rich appear
ance let the moose go. He took the
rock back to Philipsburg, where he