The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-15

What IS the matter with Princess Maud
stock? II has dropped to cents, most
remarkable state Of affairs in view OF the
state Of the mine and the fine new ma
chInery plant now In operation. At the
valuation OF the public the stock selling
at only cents and the capitalization be-
ing 0oa 600 shares, OF one dollar each, the
mine Is worth only $4,000. The Republic
Miner, whose editor recently inspected the
property, maintains that il the Princess
Maud is worth anything II is worth more
than that The fluctuations of the shares
Of this company have been more or less of
a puzzle from the beginning. The stock
was down TO or 6 cents early last sum
mer. when on the finding of rich ore in
the winze ii jumped up to 10. then slowly
worked up to r. there being very heavy
speculation. Then followed a shut down
of the mine till machinery could be got in;
there was sag in the stock, and the sag
has been sagEing ever since. notNithstand-
ing the presence in the winze OF fine
body of ore of supposedly good value.
In the stock report of the Spokesman
Review of Spokane, for Friday, 1t was in
timated that there is a move on foot by
the Republic Mining Company to secure
control Of the Maud. and that no Informal
ton as to the value OF Maud ore is now
given out for this reason. The writer at
this point says:
sistent that the companys control is
sought by the management of the Republic
group the persons controlling the mine
have adopted the exact tactics calculated
to weaken the stock, namely absolute ST.
lence as to the progress of development,
and heavy assessments growing larger
after machinery was installed than they
were when the expensive hand labor was
in vogue. Many large stockholders of the
company are disconnected and are loudly
mumuring Meantime the company Is pre-
pairing to sell out the delinquent stock
holders"
The Republic Company acquired the con-
troll OF the Jim Blaine some time ago, and
for some time previous there was heavy
bear movement on Blaine.
There is n story going around that In
running the south drift on the 600-foot level
the Republic people came to split In the
vein, one branch carrying high values go
ing of toward Princess Maud ground.
Hence the anxiety of the Republic COM
pany 20 get control Of the Maad
The principal cause OF the depression IN
Maud stock is heavy assessments levied
by the directors of the company. An as
sessment OF which notice Is JUST given Is
for mills Last month there was one for
2 mills These heavy assessments are hav-
ing the effect OF making holders very sick
and the stock is being thrown on the mar
ket In panic style.
According to the Miner the Princess
Maud never before had SO fine a showing.
The winze reached the lel-foot leveN some
time ago. and after n stump tea or twelve
feet deep had had been sunk drift on the
vein was started to the south. This drift
has been run thirty-hve feet from the
upper side OF the Wine, and recently there
were nearly I'VE feet OF as pretty quartz
in tho face as any mining man could desire
to see The drft ~ being run about SIX
ma
very near hlIing the face OF the drift. The
ore is clean and white, with dark streaks
running I'D and down, and stands at an
angle Of about - degrees, II holds about
the same pitch that Il had on the tunnel
level above where the Wine was started.
There is no mine in the camp that has
prettier ore body.
II win be remembered that the winze
started on about two and hair feet 81
ore and that when II WAS down a few feet
some very high grade ore came tn. II
carried dark metallic spots, which proved
20 be largely composed d silver and gold,
BY and by the orc body wiaened 10 four
feet and the circular spots went out. but
the Characteristic dark lines 0r the camp
came in and have remained In ever since.
These appear to be chiefly on the foot
wall side
Mr.. Lane, the local manaser Of the prop
ertY says the average value ~ the ore
now being run on Is not far from s3A II
this will hold out for hundred feet or
So The Princess Maud - pretty sure tn be-
one % the great mines Of the camp. 10 ts
the purpose o. SIR. Lane 90 continue me
south drift louE as the ore shoot holds
cut or till the liuits ~ the Maud ground
are reached. and En- short time start
sinking agaln The mine is now equipped
with one % the snuRRcst little machinery
plants in the camp or In Rn} other camp
There 90 o. Leyncr compressor % three
driU capacity and very ane little ma
chine Il is IL furnishes an abundance