Gilpin observer., 1899-04-13

-. - oultous SudrleS Il. CeuhluS, ELu
Martin, w. B. Stewart and S. l.. Stewart,
all residents of Black Hawk excepting
Ed Griffin, form pool who have taken a
lease of the After Supper lode mining
claim on the mountain in the rear and
east of the Black Hawk foundry. The
new pool have commenced work in an
adit near the foundry.
TRANSFER OF THE GREGoRY-BoB-
TAIL PROPERTY.
The Gregory Bobtail consolidated
property, at one time operated by the
New Gregory Mining company, recently
sold under sheriff's sale to o. F. Vale,
has been purchased by Irving T. Busch,
J. F. Bache, of New York; Henry r.
Wolcott and B. b. Lawrence, of Denver,
and A. L. Collins, of this city. The first
named gentleman is president of the
Gold Coin Mines company. Tie sale
was made for cash, the price not yet
having been made known.
The property consists of thirty five
patented lode mining claims on the
Gregory, Bobtail and tributary veins, all
of which have been intersected by tine
workings of the Gregory incline shaft
and by cross-cut south from the Greg
ory vein. Also number of lots in the
city of Black Hawk, the Bobtail 75 stamp
mill and mill sites and water privileges
on North Clear creek, and two mill sites
in Gregory gulch, where the old Briggs
and New York and Colorado companys
stamp mills STOOD. 1t also includes all
the buildings and machinery on the sew
eral properties.
Both properties date their discovery
back to 1853, each having produced
large amount of gold bullion, estimated
from Ss,00O,O00 to Slo,O0o,O0O. The
deepest workings on the property is
about 1,2OO feet.
1t is understood that Mr.. A. L. Collins,
the well-known mining operator who has
been looking after the property since the
resignation of J. c. Dickey, will remain
as general manager of the large prop
erty.
The transfer of this segregated prop
erty sets at rest the question of drain
age, which has caused no little comment
from the fact that it was thought that
the steam pumps in the Gregory incline
shaft would be taken out of the mine the
18th instant.
| Since Mr.. Collins took charge as gen.
eral manager he has famiiiarized him
self with the existing conditions of the
property, and with his thorough practi-
cal knowledge of mining and the treat
ment of the ores taken out, it is safe to
predict that the work before him in the
future developments will be carried on
| in the same economical manner that has
characterized his efforts since he COM
menced mining and milling operations in
Gilpin county.
Work at both the Fisk and Cook Gold
Mining companies, which would have
been compelled to close down socn after
the pulling OF the steam pumps, will now
go forward the same as ever, with the
same force of men that have been en-
ployed in the past. There are other
mines in the same belt of veins affected
by the water courses, which the pumps
have been draining, that will also con-
tinue their operations. The organiza-
tion of this new company has been the
means OF quieting the apprehensons
manifest among the business men OF
Black Hawk and Central relative to the
pulling of the pumps, which would have
caused general depression in business
OF all kinds, and withdrew from circula-
ton fully $4,000 per month.