Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-02-26
Has Montana Any Such Mine
as This?
SOME ORE BLOCKED OUT
Promoters Say They Have 5,O00,O0O
Tons Ready For the Mill
Need a Few Dollars.

Butte people who peruse the appended
clipping taken from the Creston, Qowa),
Daily Gazette of Feb. II, will be inclined
to look upon it as the airy creation OF
some wag who at some period in his
career a been roped into purchasing
a few thousand shares Of stock in a wild
cat mining proposition. The fact is.
however, that the article is published in
good faith by the Iowa pape and private
adv.ces from the town in question are
like choice town lots in Nome City and
at fancy prices.
The article which is headed Look into
this-Make an investment that will take
care Of you for life and descend to your
Children" reads as follows:
''There is a tide in the affairs of men
which taken at the flood leads on to
fortune" Sometimes it comes but once
in a life time.
'"There is a proposition at present in
Crs ston which certainly is the oppor-
tunity Of a life time. An Iowa organl-
| cation, among the officers of which are
Judge Burke and State Auditor Mer-
| Ram, of Des Moines, have secured from
the discoverer a ledge of copper ore over
a mile long, six hundr feet wide ana
from the nature Of the ore 1t runs down
dS ldI d. lxS Cu1 ~ . ~ ASk AN ="
five million tons of this ore blocked out
and ready to knock down for the mill.
IT runs over $40 in value to the ton. II
costs but SLIPS a ton to mine and mill
this ore. There Is blocked out enough
to keep a mill running for over thirty
years at the rate of 600 tons a day. That's
the capacity Of the mill which the COM
ANY is going to at first erect. Ihey are
not selling stock to prospect for a mine
they have the mine and the biggest one
- A.. IA Cko$rc re n~ncnrf II ~ Ntyy
to exist. They want 5 $1,000 with which
to equip the mine with machinery. for
that purpose they are selling 10000
shares of stock at fifty cents a share.
They could sell the property for $4,000 900
inside of thirty days if they would fix
that price on it. But it will pay that
every year in dividends and more 50
!, they prefer to keep it and sell this lin
tied amount of stock. This stock will
! pay the biggest dividends Of anything
tina a person can invest in. The Calu-
met and Hecla copper mines pays over
500 per cent a year. This copper ledge
is 80 times as wide and the ore three
times as high a. grade as the Calumet
n Hecla ore. 1t is earnestly request
ed that all who can, rake together q
little money to examine into this pro-
position. The gentlemen are at room
As in the Summit house with maps and
plats of the property and samples OF the
ore. Ask the clerk Of the hotel to show
you UP " CIAeiI IOOHAs
A ledge of copper ore over a mile long,
six hundred feet wide and running down
as far as the earth's crust! And only
5000, 900 tons of this ore blocked out and
ready to knock down for the mill"
That's exquisitively rinch indeed. And
the modesty Of the promoters. They
want to sell just enough stock to raise
$50, 900 with which to equip the mine with
machinery and construct a mill thai
will treat 600 tons of ore daily and al
for the sum Of $4,000.
It will be noted with some surprise tina
the locality in which is situated thi:
wonderful mine, its ledge 30 times as widt
and three times as rich as the Calume
e. Hecla, is not stated in the article. A
surely entitled to mention, If not a littl'
booming. However, intending purchas
ers of stock will doubtless receive thi!
information ON the quiet. Perhaps
might injure the big mine to make know
its exact location and very likely nigh
BY the way the Amalgamated Cope
Co. would certainly be willing to pa!
a hundred odd millions of dollars for sucl
a world beater.
"The promoters of this proposition evil
IDENTITY know their business" said a Butt
mining man who was shown the clip
ping. "My experience has been tina
many eastern people will bite wit
avidity at such a highly colored fake
but could not be induced to put a lola
into any legitimate mining transaction
That has been the sorrowful experienc
Of many Butte men who Travelled cas-
in times past to place some really merl
torious mine on the market. They fail
ed because they could not conscient1
per year on a $50. 900 investment"
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