Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1900-05-02
A GREAT MINING OPERATION
In which Ellsworth Parties are In-
observation-disclosures like n bonanza

In which Ellsworth Parties are Iu-
terested-Looks like Bonanza.
While the stories OF the wealth OF the
Klondike, accompanied by tales OF sue
cess and failure, are common enough In
discoveries of Cape Nome are current
news, the possibilities OF great wealth
nearer home are apt to be overlooked.
IL is therefore refreshing to see here In
Ellsworth a man aud an Ellsworth man
at that-who has actually seen some of
the possibilities OF mining as near home
as the Pacific coast.
Charles c. Young, who Is here for short
tine, gives some Interesting facts regarding
mining In British Columbia. Mr.. Young spent
six weeks ut Grand Forks, n, c.. last summer,
and thoroughly examined the mines Mt Phenix,
D. C., some seventeen miles from Grand Forks
mines that are being operated by the Miner.
Graves syndicate. s. II. C. Miner, president of
the CRANKY Rubber Co. and aiso OF the Ames
Holden shoe Co, OF Canada, Il the leading
spiri; In these properties, which, by reason of
their extent and richness in gold and copper
ore are rapidly becoming celebrated.
The Old Iron sides, Knob Mn, CRANKY Consoli.
dated MininE 4 Smelling Co, and the Gray
Eagle Co. are a group of claims. nine In mum.
ber covering about 100 acres. that are being op
Grated under the same management, and by q
central compressor plant.
The Rossiand, Il. c.. Miner. of Dec. "a. 1s9a,
says that In the Knob mn mine 1000 feet of tuu.
neliug Is all In paying ore. and has exposed
10000 tons of ore which can be smeited at n
profit OF Also a ton. This is all above the tun-
mel. A shaft sunk 200 feet from the tunnel Is
nil in ore which grows richer as depth Is oh.
talned. The Old Iron sides has two of ore
blocked out the go and 800 foot levels which
carry richer values than the Knob mn mine.
The Canadian Pacific has completed u line OF
railroad 1so miles from Its main iibc, costing
$1,000 and will carry the ores to the CRANKY
smelter which Ia At Grand Forks. This smelter
will be reads to treat the ores In about a month.
Its capacity Is 800 tons per day. and two more
furnaces of 500 tons each will lie Immediately
constructed TO Increase the capacity to loo
tons per day, and In the future anoiho
sneiter will be built at Carson. b, C., four m.les
away. of lao tons per day capacity.
The CRANKY smeiter Co, has developed so
horse power OF eiectrici,y by dsmming the north
fork of the Kettle river, and will transmit the
power by wires To operate the Carson smeiter.
The BOSTON Herald of April 81 says that Jay
PiGraves Ia authority for the statement that the
Knob HiIi mine has si, 10000 worth of ore
above the tunnel, and that the Knob nm and
ironsides companies recently refused "A cash
offer of %, so. 90 for these two mines.
The extent OF the ore bodies In these four
companies Ia the largest that has ever been
found in the world. when the Canadian Pacific
blasted its road bed across this ore body II
exposed 80 feet of ore. Ii has since been
opened lepgthwise of the vein over 600 feet
over u mile--and average assays give els per
ton gold and copper.
Work has been going on for over three years
on these properties. aud. owing TO the men at the
The prices have advanced over 100 per cent In
the stock Of the irons!des and Knob I'M. Tho
Gray Eagle stock Is for saie, anu as the four
companies Will be consolidated some time with
In eighteen months, and the capital inerca sed
to about three times the present capitalization.
each shareholder in each OF the four companies
will get from two and one half to three shares
of the new stock for one of the old. and this
will be In dividend paying stock OF not less
than per cent.
There Is talk OF sending conservative rep
resentatsye from Ellsworth to Montreal TO
interview MIR. Miner, the president OF these
companies, and have these statements verified
by him. This course MIR. Young invites, be.
Heviug such an interview will lead to some In
yestmenis being made In this enterprise.