Gilpin observer., 1899-07-06

tnat ne nrSt ODta1neO an insight lntO
mining and mining methods, when,
with two associates, he started n brok-
ers' office. The knowledge Cleaned
there he has profited by, and while he
has gained one of the big fortunes,
the mining industry has gained de-
votee who never hesitated to take hold
of good property and push it to sue
cess,
Mr.. Newhouse will be in Denver in
a day or two on his way east, after
the conclusion of n campaign in the
mining regions that for originality of
conception, boldness of design and Wig
or in execution has seldom been
eQualed.
1t is only n few years sincesNfr. New
house became prominent in mining cir
cles, after several years of successful
operations in Il modest way, by the or
ganiZation of n strong English COM
pany to drive the Newhouse tunnel
from Idaho Springs to Central City,
a bore that will cut greater number
of rich ore bodies in the four miles of
its course than any similar enterprise
In the world. The tunnel, as far as
1t has progressed, is model in exc
cution, and though work has been sus-
pended, the mines are still there and it
viii eventually be pushed to n success
full conclusion.
While engaged in the tunnel opera
tions, Mr.. Newhouse was by no means
neglectful of other promising mining
enterprises. One of these was the
sinking of deep shaft in the copper
belt at Butte, Montana. This was Il
losing proposition, but work was not
pended, and it was demonstrated that
further work would be waste of time
and money. This failure did not dis
courage him, however. and within a
Few months after the abandonment of
the Butte enterprise he had secured the
Highland Boy mine, in Bingham can
on, Utah. and commenced the opera
tions which have led to the establish
nnent of the foundations for colossal
fortune.
The Highland Boy, when he took
hold of 1t, was conundrum. 1t had
been operated for years as gold and
silver mine, with NO results except Il
series of mortifying failures. With a
big body of low-grade sulphide ores,
it was most enticing proposition. but
the refractory character Of its ores had
baked every effort to wiring profit
from production. and when, little more
than two years ago, Mr.. Newhouse
took control of the property, the gen.
eral verdict of those familiar with the
mine was that he would score disas-
trOus failure. One after another skilled
miners and metaTfurgists had followed
each other in the management of the
mine, only to give up the effort in dis
gust, and 1t WAS not thought possible
that in this case victory could be
snatched from the juws of defeat.
These predictions necessarily came to
te ears of Mr.. Newhouse. but with
characteristic energy and deterInina-
tiOn he was only spurred thereby to re-
newed effort, and 1T is to these quail
ties alone he owes his ultimate success
He was fortunate in having n mana
ger. Thomas Weir, largely endowed
with the same qualities. and the two
worked in absolute harmony. But it
was to Mr.. Newlouse alone that .the
suggestion which led to the big dis
cOvery was dine. ..
During one OF his inspections of the
workings, he rldticed in one of the
walls of the drift narrow streak of
rich copper ore, and suggested the cut
ting of drift IO,fdllow the seam. Mr..
Weir, instead OF opposing the idea. sup
ported 1t heartily. 1T was but n
chance. but 1t n Through such chances
that the greatest successes In mining
have been scared. The drift was
started and was driven but n few feet
when 1t opened the deposit which prom
ises to make the mine one of the great
lest copper properties of the world. .
No time was lost in development.
:and when 1t was definitely ascertained
that the mine WIS AN enormous body
tOf rich copper wre. a strong company
was at once organizetl. plans made for
the big smeltcr which is now an accom-
plished fact, n railrQau was, projected
TO. put the, district lin communication
with the market and development of
the mine on an extensive scale planned.
The tide was taken mt the flood. The
enterprise was hardly under way when
copper commenced advancing. and long
before the completion ,Gf Ills plans, Mr..
Newhouse found tfrat rthe investing
world was crazy for copper mines. The
rest was easy. He found himself at the
cHest Of the wave. A emesthird interest
IN the Highland Boy was sold for
$4,00O,0OO. Mr.. Ncwhouse still retain
ing the largest Individual interest in
the company. and resigning active
management of the.property. Mr.. New
h0nse found himself free 40 engage in
new enterprises.
The purchase OF historic corner in
New York and the preparation for the
construction OF IL $3.OOO.0s0 building
placed him In the ranks OF the capital
lists OF the metropolis. Pnvviding for
n comfortable future by the purchase
OF qmid-up policy of life insurance
and m annuity mt the cost OF S135.-
900 he turned his face once more III
the direction of western mining invest
ments. M
Since his return to the West be has
not been fdlc. He has secured a large
interest IN the Sewer mine, a big divi-
dend-paying prQpeiry of Utah. has.
with Thomas Weir and others. pur-
chased the Dragon iron mine nj Tin
tic for S3Oo.0OO: hns acquired large
property at aiercur, for which he and