Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1899-05-27
THE NEW STRIKE SOLD.
The May Group Consisting OF Elever
Claims Bonded for a Large Sum.

Claims Bonded for Large Sum.
The May lode. which is the name o.
the phenominally rich gold strike which
was discovered last week by Mr. Chas
Carr on Lightning Creek, has been sold.
Mr.. John f. Sidey is the man who now
holds bond on the property, the pa.
pers having been duly signed on Mon
day last. The new find has been the
center of attraction since its discovery
on the 18th Of the month. There has
been quite rush from all over the
Hills to examine the new find, and the
excitement is still kept up to a great ex
tent, but has lessened very much on the
part of capitalists since the property
changed hands. OF course there has
been, as there always is. many rumors
going the rounds as to the terms Of the
deal, and the price paid for the ground.
We have heard it stated as being up.
ward of $l25, 100000, but We are authoriz-
ed by Mr.. Sidey to say that the exact
terms have not as yet been made public,
but that if we should make the state
ment that the amount would be in the
neighborhood of $20O00000 we would
not be far from the truth. 1t was not
denied, and it is fair to presume, that
not less than 100000 was paid down as
forfeit, in case the mine was not taken
at the termination Of the bond, and that
the amount stated in the bond is to be
paid in installments. 1t is understood
also, that in accordance with the terms
of the deal, that the mine will be devel-
opec and proper plant placed on the
ground for the reduction of the ore.
Mr.. Sidey is very fortunate in having a
company at his back who not only have
the ability, but the enterprise, to take
hold Of a proposition which requires
such an expenditure of money. There
is another feature in the business which |
must be as pleasing to Mr.. Sldey, as it |
is to his many friends in this commun-
ity, and that is that his company place
in his integrity, and busi- |
ness judgment, and that confidence must
be as unwavering and firm as rock.
In securing bond on the May group
Of mines, it was known all along that
the Holy Terror" people had their rep
resentatiyes on the ground, and were
strong and determined competitors for
the possession of the mine. We have
heard it stated by one who says he
knows whereof he speaks, that the Holy
Terror parties offered Mr.. Carr 100000
more than he was to receive from Mr..
Sidey, and this was before the papers
were drawn up. But Mr.. Carr had offer.
ed the mine to Mr.. S. for a stated
amount, Mr.. S. had accepted the offer,
and although the deal had proceeded
no further thar verbal promise, yet it
speaks well for the manhood of Mr.
Carr. Although hitherto a poor man,
he would not for the sake of ten thous-
and dollars break his word. Such
man is respected in this community.
And now, while we think of it, it has
come to our ears, that certain indivi-
iuals had made an attempt to jump
portion of Mr.. Carr's ground. Of course
they could not hold it. but it is supposed
that they done it for the purpose Of
the title, hindering the deal,
and being bought off. 1t did not work,
and if we mistake not the temper Of this
it will not be allowed to
work. The honest men who by their
works bring benefit to the community
will be protected by the people at large,
Irrespective of friendship, and without
ear, favor or affection.