Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1900-09-21
HOT SPRINGS SOUTH DAKOTA. FRIDAY, SEPTEMBER 2I 1900

and improvements. since it was first op-
ened over Sl0,ooo,g0o has been paid for
labor in its development and operation.
1t is not a single mine, but number
of mines all onthe same hill and the
same lead. a solid body of ore 45O
feet in width and of indefinite length
has already been uncovered above the
SOo iuot level, and, according the est
innate of the engineers, is sufficient
to keep all the mills running twenty
years. The present capacity of the
mills IS $500 tons Il day, which means
1,022,OOO tons year and 20,44O,O00 in
twenty years, and tits estimated that
the latter quantity is in sight at
present.
The Homestake mine was located
early in the history of the Hills by
Fred and Moses Manuel. "Old Abe,"
one of the adjoining mines, was To-
Gated i'll 1887 10y j. b. Pearson and sold
to III. b. Young for $500. Several of
the other mines on the hill were sold
for similar sums. In 1877 George
Hearst, afterwards senator from Cali
fornia: j. b. Haggin a nd Lloyd Tevis
of that state came here and bought up
several of the claims upon the hill and
kept buying until they secured the
present property. The original cap
ital was S2,5000oO and it is now S2l,-
100000, upon which it pays more than
II per cent year.
Mrs. Phoebe A. Hearst has inherited
her husbands interests, which was one
third of the property, and the remain
der still belongs to the original owners.
This makes her one of tho richest wo-
men in the world. She receives
dividends of over ssOOOOO year on
her stock in this mine alone.
Capitalists all the country within
the last few years are awakening to
Hills country for mining purposes and
at no other time in the history OF the
country has there been such general
advance along all lines of the mineral
men from the east and west, from the
north and the south are becoming
Interested in Black Hills property and
are and will continue to reap large re-
turns from their investments there.
They have at last recognized it's pos
sibilities and are placing themselves
in a position to reap the benefits that
follow wise investment in that
country. The great variety of miner
ais that the Hills possess is being
found out and scarcely a day passes
that does not bring to light new devel-
opments in the line of rich finds. 1t
was the richness of the country in
general that led Mr.. Crabtree to pur.
chase the claims now constituting the
Gladiator property The large, vel
; established veins of ore from surface
, indications gave the property q
, splendid outlook and put it's valu,
| beyond venture. Since commencing
, the permanent works, the main tunnel
| being in over one hundred and sixt!
\ feet, the surface indications have beer
3 more than realized and the fondes
. hopes of the man who has given NOR,
: than two years of his time to thi
work is about to be consummated.
4 The Gladiator company owns sew
+ enty seven acres of patented land
t and is joined on three sides by tn
3 Homestake. They are now operating
through tunnel and are now selling
s stock to put in q new cyanide plan
to treat it's ore. 1t is estimated tina
: by the erection of hundred ton mil
4 that they will be able to treat enough
s ore to pay dividend of ten per cen
s upon their capital stock. The advant
i age of work through tunnel is no
easy to estimate by persons not ia
! milar with the mining business. Th,
property is situated near the famou.
J "Grantz Strike" The Termination
= is vertical, and istraversed by veius o
> phonolitic ore carrying good value:
Assays of the float rock along the lin
: of these veins show as high as $40 pc
t ton.
f The men who are in charge of thi
mine are we'll known to Iowa bushes
4 men who have made success in thei
l private business and they are givin
:. the matter their undivided attention
Q They know no such word as fail. The
4 have studied the situation and hav
gone into win. From the location c
: the property, the ability and care c
the management, the ore already i
t sight there is 20 reason why this me-
,, mining company should not in shol
t time be one of the foremost in th
3 Black Hills.
s Everybody Likes Bordeaux sauce-Kecip,
i. For Making.