Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-11-21
THE POLAR|S
MINE DEAL
SINGULAR RETICENCE OF SOME
OF THE INTERESTED
PARTIES.
NEWS OF RICH STRIKE
IS NOT CONFIRMED
Several Inaccuracies in Matter Giver
Out for Publication
Recently.

Runor of another rich strike at the
PoAris mine, in Esaverhead county.
We're rife in he corridors of both the
Butte and McDermott hotels today.
While the circumstances of the alleged
strike are shrouded in mystery, some
who are interested disclaiming all know
ledge Of it, and others who admit that
such is the case, refusing to permit
themselves to be ~quoted-there are sew
eral things in connection with the mat
ter which deserve the attention of the
mining world.
The Polaris mine is one of the oldest in
B~eaverhead county. and at one time was
classed among the leading silver pro-
ducers of the state. Unfortunately, bad
management attended it's early history,
and for many years lit has formed d
bone of contention in the world of liti-
cation.
Some few years ago it passed into the
hands of ]. E. Morse. of Dillon. by mean
of a sheriff's sale. The time for re-
demption expired last spring. and a lease
n bond We're secured for $25. 900 by ex-
Governor Richards, John MacGinnis,
Carlisle Mason and J. j. Cusick, the lat
& o" as
A few days ago there appeared in a
| Helena paper an article concerning the
mine, purporting to originate from a re-
liable source. which contained a dozen
glazing errors of fact.
The mine is located As miles west OF
Dillon, instead Of 30, as stated in the
article in question, and negotiations
a been pending looking to it's sale
to an eastern syndicate for $3.50 900, in
stead of $3.50. 900. the price specified in the
same precious bit of information. Nor
We're the De Lamar people at all con-
cerned in the deal, as asserted.
According to the same inspired" ar
ticle, the first payment was to be $25, 900,
and the remainder was to be forthcoming
by the first of the year. In point of fact,
only 81, 500 was to be the first payment,
merely as a guaranty of good faith, and
the remaining payments We're to extend
over quite a period of time.
Here is where the rubber comes in:
The first payment was to a been made
yesterday, but nobody seems to know
whether it was made or not. J. j.. Gus
lex, the manager, arrived in town to-
day, and Is registered at the McDer-
mott hotel Shortly after his arrival ru-
mors' of a rich strike at the Polaris mine
pcSdH " ly dIOullu llc COIIluOIS. L1e,
himself. however, is r~eticent in the mat
ter. and when questioned, passed the
buck" to Carlisle Mason.
ut is too early yet to say anything
answered Mr.. Mason, when questioned
regarding the alleged strike, land
will not be willing to say anything about
it until some time next week."
Ex-Governor Richards, one of the in
tereSted parties, stated that he had left
the active management of the affairs OF
the mine to the others interested in the
deal. If any strike had been made, moth.
ing had been said to him, and he had
not even been informed as to whether
the first payment of 81, 500 had been made
Considerable discussion regarding the
tangled affairs of the mine has been in.
dulged in around the hotel Hobbies, ani
there are many eager to know whether
or not the e has gone through, an
why the rumor concerning the alleged
rich strike is not either given authen
ITCHY or an u~nmistakable denial.