Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1899-04-14
THE TRUE INWARDNESS.

OuvOVVu
4 Decd to the Big Buffalo Group Iseded
to Complete incorporation.
The Vein 1t the Bottom ef the SHAFT has
Increased Four Feet In Width.
Various wild, conflicting and
contradictory rumors are being cir
culated about the actions and in
tentions Of the people owning the
Big Buffalo group by persons who
do not know what they are talking
about. Some of these rumors are
SO false and misleading that if their
circulation is allowed to 60 uncon-
tradicted, it may do the camp and
the country irreparable damage.
One of these reports states that the
vein on the Big Buffalo had pinch
ed out and that the ore had lost all
it's values. As q matter Of fact the
shaft Tn the Big Buffalo is now
down to q depth on the vein Of 20
feet, and instead Of pinching out it
actually is four feet wider in the
bottom Of the shaft than it was on
the surface. The ore at the bot
tom is also more strongly mineral
lied, and while its values are not 80
high as shown by some of the crop
pings, it more than maintains the
average values of the various sam
pies first taken, upon the re-
turns from which the property was
bonded. Assays made here Of ore
taken from the bottom of the Big
Buffalo shaft give values Of $22.59
in gold and IS in silver per ton.
1t was reported that the value of
the ore at this point had fallen to
IS per ton. This may or may not
have been true. But even if it
were an established and incontro-
vertible fact, it would simply lead
to superstition that the assayer
ON the ground might have let some
of the values get away through de-
fective apparatus or through lack
of thorough knowledge of the char
acteristics Of the ore.
One thing is quite sure, and that
is, that the Big Buffalo syndicate
have neither thrown up the bond
nor suspended work upon the
We can state upon the
highest authority that work on the
Big Buffalo shaft is still being
pushed with all the force that can
be worked to good advantage. We
can also state upon the same au.
thority that this shaft will be sunk
to depth Of 1875 feet as speedily
as possible, and that additional
work will be done on the other
claims as soon as the necessary la
Dor and supplies can he had.
In financing a mining enterprise
calling for such vast sums ofmOney
as represented by the Big Buffalo
csrtain important points,
ssem to hsve been -ovssAookea 1t
lts very 1ncsptiop, 8 Under the
terms OF the agreement made with
ne original owners the title to the
BIG BIrala ROM stili readains
with them. An escrow deed to
the property has been placed in
the Bank of Camas Prairie to be
delivered to the syndicate when
the last payment Of the 1915, 900
has been made. What is more
then that the eastern in
vestors who are furnishing the
money to operate the property
should prefer to buy it outright?
If it is intended to incorporate
the property and place it's shares
upon the market for the general
public to buy, it is absolutely ne
that the title to the proper
" should be vested in the incor-
Then the purchaser who
buys shares buys a part of the
nine.
But if incorporation is effected
lnder present conditions the pur-
,haser of shares would simply be
'uying and paying for the privil-
'ge of prospecting other peoples
The natural inference is that the
of the syndicate are
eady and willing to effect a COM
'romise with the present owners by
aging cash down instead of in de-
erred payments extending over a
'eriod Of three years, and they very
laturally think that the present
can afford to make big
iscount for spot cash.
1t is all q very simple, plain and
traight forward business PROPOSE
ion when you sift it down. The
indicate are satisfied with the
and will continue work.
)nder the terms of their present
greement they cannot acquire
tile for three years. They find
nat this will interfere with their
lans in the flotation of the proper
Y back east, and now wish to buy
he property outright in order that
ley can show their title deed to ,
he people who are putting up the