The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1900-09-08

b ready for work before. January l.
next
A new railroad and smslteF for Bak,
er City, Or. ore are the latest projects
that have awakened this camp into
about the hvelieSt conditions known In
ten years.
What Is believed to be one OF the
best gold strikes ever made In the Bal.
sley- Elkhorn district, which lies about
Is miles to the northwest Of Baker City
was discovered day or two ago by
Jea Boyle and his ehum. Howard. The
strike was reported here yesterday by
Mr.. Boyle. 1t was made on the Ba'
ley-Elkhorn and Pocahontas Belle
mines
An erroneous impression prevails
concerning the life of districts. and
cities founded upon mines producing
precious metals and copper, the public
generally entertaining the mistaken
notion that there is no permanancy to
such communities. This impression
has been formed from the fact that
scattered throughout the mining states,
many little towns have sprung up. has
ed on the fame OF uncertain realities
OF a single rich mine, which towns, aft
er shining for a brief time like me-
teOrs, have faded from the view of the
press and public. though they may con-
tlnue to exist for years as thriving lit.
tie villages. due it is different with
the great mining cities. Capitalists
who are now sending large sums to be
invested in mines, do not send men to
a mining district with placard on
their backs stating, In substance, Il
represent millionaireS who want to buy
mines" Rather. they employ men OF
discreet tongue and behavior. who
know how TO get up against the real
thing"-a truly great mine,
1t is reported that petroleum has bsen
found on spring water a short distance
above NorthpOrt, and the ground is to
be proSpected with a diamond drill for
more OF the stun
The accountants department OF the
Standard mine is to be moved from
Wallace to the once of Finch & Camp
bell in Spokane. This will mean the
transfer OF two Of the Wallace stan to
that city.
The crosscut tunnel on the Fortune
on Buffalo Hump is reported TO be with
in few feet OF the ledge. Work was
being pushed forward in anticipation
Of this, and the strike is expected to be
made within a few days.
Since Thomas r. Kinds filed his suit
at Butte against the Boston Montana
company for $500, 900 for his services
as receiver for their properties people
have been wondering what valuation
the Boston L Montana company would
put on his services. They found out
this week when the company filed its
answer and objections, stating that his
services were worth an even $50, and
that his assistant, who wanted $4,000,
earned $40. They admit that Kinds
took possession OF the properties on
April Sth and kept possession until
April Is, when the supreme court made
him give it up, Just six days. The
company also denies that MIR. Kinds
life was at any time in danger. Their
answer is decidedly crushing. and they
handle Mr.. Kinds without gloves.
Will some croaker or cent per cent
money loaner who thriyes on the ready
circulating money of a mining camp
and who is everlastingly cautionins
people to beware OF wildcat mines,
have the good grace to define the term.
Let him do so and every condition he
applies will be met by producing a
great mine which, at one time, posses
sed the alleged attributes. Is q mine
wildcat" because the stock in the
company owning 1t is selling at a NOM
inal figure? II so, then the Granite
Mountain was wildcat" for its stock
sold for less than 10 cents a share, yet
it paid over $4,000. 900 in dividends,
and Is still being probably operated.
Iron Mountain was sold as low as
cents and has paid over half a million
in dividends. These mines were once
only prospects with ten-foot holes, and
so was every other great mine. The
fact Is wildcat" Is only such when
time and development show it cannot
be made a mine and yet 1t may, as a
prospect, have had great promise and
worthy the expenditure made In an
effort to make a mine.