The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-08-01

mine will begin producing copper to-
day. The extension of the Mineral
Range railroad connecting the mine
with the mill at Crosse Pointe, was
completed early this week and several
hundred tons of copper-bearing rock
have been shipped from Nos. and
shafts to the mill, which is to start to-
day with one stamp. The mill is TO
have three stamps as soon as the two
additional heads can be received and
set in place, and a second mill of equal
capacity is now building and will be
in operation some time next year. There
is little doubt that the mill test at the
Arcadian will prove satisfactory. If 1t
were desired to do so, a very high per-
centage could be secured from selected
rock, but your correspondent is assured
that it lis the earnest desire of the
management to secure average returns
only, and this is probably true, as the
bulk of the Arcadian stock is still own
ed by the men who bought it at the
subscription price of S12 per share one
year ago.
The development of the Arcadian
mine during the past IS months has
been the most phenomenal piece of
mining work ever done in this or any
other country. In June of last year
four old mines, the Arcadban, Edwards,
Concord and Douglas, were bought, to-
gether withadjacent mineral lands, and
Arcadian by Nathan f. Leopold of Chi
cago, formerly a resident of Houghton.
STANDARD Oil money, or at least the
money of individuals prominent in the
affairs of the Standard Oil company,
was literally invested in this property.
People conversant with the properties
thus consolidated were satisfied that at
least two of them, the Arcadian and
Douglass, We're rich in copper, while at
the others so little work had been done
that it was difficult to form any decided
opinion as to mineral values. None Of
the mines had ever been worked with
the benefit of stamp mills, railroads or
modern mining equipments. When it
was announced that the Arcad.an stock
would go on the market at the sub
scription price of $12, local capitalists
became skeptical, believing the figure
altogether too high, and with the ex-
ception of some of Mr.. Leopold's per-
sonal friends, who had great confidence
in his judgment, did not subscribe lib
orally for the stock. The remarkable
advance in this stock is now a matter
of history. Beginning with 100000
shares at $12 per share, "a total of ST.
200,0 00 the Arcadian has since increas-
ed it's capital stock to 100000 shares,
now selling at about $40 per share, to-
tal of $40, 500, 900, a twelverold increase in
IL months.
While the stock market side of Ar
cadian development possesses only a
limited interest for the general public
the actual work of development under
taken and carried out at the mine can
not but arouse and hold the interest of
any thinking person. Beginning lit
tie over one year ago with half dozen
old mining shafts, none of which were
very deep or of sufficient size for the
operation of "a modern mine, the Ar
cadian company is now employing 1000
men, thus giving direct support TO
nearly 5000 souls. Money has been
spent like water, but it has not been
wasted. There are now five shafts, all
of modern size, and a sixth is contem-
plated Yet more ground has been
added ito the original area and the Ar
cadian lis now one of the largest holders
of mineral lands in the world Thirteen
months ago there were but three habit
able dwellings at the mine. To-day, a
growing town. with a population eX-
ceeding that of many an Incorporated
city, is clustered about the tall steel
shafthouses which spring from the crest
of the rolling hill on which the mineral
lode outcrops. The equipment of ma
chinery at the mine is of the best and
even a brief description would require
several columns. That the Arcadian
company may find it's mime as rich as
is deserved by the wonderful energy
shown in it's development is the hearty
wish of all who have watched the Won
derful work performed there during the
past year.
Miners from the Oneco, lying be-
tween the Quincy and Osceola proper
ties, report a favorable showing of
copper in an amygdaloid lode now be-
Ding opened. Shipments of refined cop
per from the smelters are still being
made as rapidly as the copper ingots
can be turned out, in some cases the
hot fol- he
and placed in the holds of the steamers
before fairly cooled from the furnace.
The Tecumseh people have at last
struck copper at a depth of about 600
feet. AS the copper courses in the
Osceola, which is the northern neigh
bor Of the Tecumseh, seem making to
the southwark, it is quite possible that
the Tecumseh may find excellent
ground at a considerable depth, al
though the amount of copper discov-
cred in the first 500 feet from the sur
face has been so small as not to be
worth taking into consideration.
Some of the rock coming from No.
70 shaft of the Calumet & Hecla is
being shipped direct to the smelter, be
ing so rich that it would be wasteful
to run 1t through the stamps. Some
of this rock runs as high as SO per
cent refined copper No. II shaft has
been one of the leanest of the mine,
hut the present rich ground, which is
found between the 46th and 47th lev
els, is of phenomenal value, the metal
contained in it being worth almost
$500 per ton. This would be held very
rich rock in a gold mine In this or any
foreign country, The improvement in
No. IL shaft is also of great promise to
the Osceola, as the shaft lies just north
of the Osceola boundary line.
The Elm River property is at present
employing nearly 200 men and is put
ting on additional forces as rapidly as
the men can be secured and quarters
erected for their Accommodations. The
mineral showing at the property is
said to be good. The new Copper
Range railroad is progressing rapidly
and the first shipment of rails for
track laying will be received in few
DAYS. The rolling stock for the road Is
under contract for delivery within the
next 90 days, and the first locomotive
is expected soon. Work on the 1900
foot steel bridge to span the Fire Steel
river will be begun very soon.
The Quincy people have nearly COM
ont the old shaft of