The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1900-11-01
WE TOLD YOU SO.
FIRST PAYMENT ON THE
CHAIRMAN PROMPTLY MADE.
The Mill to be Enlarged at Once.

yesterday afternoon. The mesSagi
was to w. N. McGill and announced
the deposit in Mccormick IS Bank il
Salt Lake City of the first installmen
Of the purchase price of the property, Q
sum which in itself represents small
fortune. This closes the deal that hal
been pending for the past three months
and assures the speedy return of tn,
Chairman TO the ranks of the active
gold producers of the West.
A prospectus OF the new company
that has thus acquired the Chainmar
mine was received this week by Mr.. J
G. Marx, who has been SO largely in
strumental in effecting the sale. Tht
name of the corporation is the '.Chain
man Mining and Electric Company,
incorporated under the laws of Color
ado with a capital stock of 1000, 0O(
shares OF par value of 81 zach, fully
paid and non -assessable. The Directors
are Nj. b. Dunham, President Titus
vile Railroad Co., Warren, Pa. j: l.. r.
johnson, Superintendent United States
Leather Co., Elmira, n. Y; j. /. Stan
ton, Stanton & Brewster, Lum bermen,
Corning, N. Y; Dix w. Smith, Coun-
sellor at Law, Elmira, N Y: Fred
Morck, President Warren Table Co.,
Warren, Pa; Milan Hibbard, of the
Chase Hibbard Milling Co., Elmira, N.
1 " frb...,,. nft1 ~ ntia 4 10
Hardware Dealers, Wellsville, n. Y;
Edward Campbell, Of Geo. w. Camp
bell & Son, Lumbermen, Warren, Pa.
! b. S. Cushman, Instructor in Chemis-
try and Assaying Cornell University,
Ithaca, n. Y. The officers of the com
pany are: NJ. b. Dunham, President;
L. K. Johnson, Vice President; Fred
Morck, Treasurer; Dix w. Smith, Sec
retary; L. F. Shepherd, Superintend-
ent, and Fred D. Smith, Mill Superin-
tendent. The offices are located at Ell
mira and Wellsyille, N. Y, and War
ren, Pennsylvania.
The prospectus contains the full re-
port of Professors Smith, Cushman and
Richmond. the experts who visited the
property in September, of which we
have room for only an abstract.
The claims included in the sale are
the Chairman, the Turkey, the V and
the Southern Cross, all of which are
paten&d. The first three are continu-
hlAaly Of frant4p1 > InD
feet in lenth and $50 feet wide at one
end and |, 100 feet at the other. The
principal developments consist of tun-
mel 4S0 feet long, an incline shaft to a
depth of 265 feet and main levels aggre-
eating 1910 feet in length, besides nu-
merous short drifts, cross-cuts, etc.
There are two separate and distinct
ore bodies in the mine. The first known
as the East ore body has been partially
stopped out down to the water level, but
still contains 1900 tons of ore which,
according to the assays of the experts,
average sl2. 81 in gold and ounces in
silver. The main ore body lies to the
south and west and is estimated by ac-
tual measurement to contain 81, 900 tons
of ore valued at Sll.14 per ton in gold
and A ounces silver. These values were
determined after most careful and
thorough samplipg which required near
ly two weeks to complete. An addition
al body OF Is, 900 tons above the 100
level is also included, making the total
amount of ore actually blocked out in
the mine 1Ol, 900 tons of an average
value of $40. 46 in gold and 4 ounces sill
YER. 1t was the opinion of the experts
that the ledge would continue to go
down below the water level and that
the ore would improve in quality with
depth.
The history OF the Chairman mine Is
familiar to most of our readers and
need not be repeated here. For years
the prosperity of the town of Ely was
entirely dependent upon its operation,
and even now, though there are several
other mines operating in the district,
the infusion of new life into the Chain
man is bound to increase our popula-
ton and to stimulate local business.
Though thousands of dollars have been
taken from the mine, its treasure cham
bers have hardly been touched, and
with proper management we are con
fident that it will far surpass any of its
previous performances. The owners,
Messrs. McGil, Lyons, McOmie and
Underhill have labored hard to redeem
the property from the deplorable con
dition in which it was left by Ton
Lane and are to be congratulated OF
their success.
Mr.L.F Shepherd, who has been con
ducting the negotiations for the pur
chasers at this end of the line and wht
will be the new Superintendent of th'
property, informs us that operation
will commence very soon. The frs
step will be the enlargement of the cy
anide mill to capacity of 100 tons dai
lly. A committee OF the directors, ac
companied by Prof F. d. Smith vii
leave New York for Ely immediatel