The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-04-14

.-.a., Dispatch 10 the Post-Intelligencer.
srplxD FORKS, r. c.. April l3.-The
-s.s,ra,,s mineral wealth Of the Boundary
sA.,.sry that will soon be flowing a. diyi-
80 into tho pockets OF investors was
= Illustrated by a few figures given
-. correspondent today by Jay p.
a.syA~ the welllknown mining man. The
~rrration OF Mr.. Graves for probity and
rs.eyyatism is unquestsoned; hence his
..s,p,aies. fascinating though they may
- have the merit Of being In all prob
.,s,tv noprpximately correct.
r. Graves restricted himself to a con-
.ssraflon OF the properties in which he
|. interested. The announcement that
4. suelter rate at Grand Forks will be
srr pp TO 81 per ton, and that there
s,s M 300 90 worth OF ore in sight in the
rrob IlIll above the tunnel level. yielding
! nx profit OF $50 per ton. makes in
,.rsstinx reading. Mr.. Graves Is a lead
- shareholder In the various mining
ssfsrprses promoted by the Miner Graves
rxn4trafe These comprise the CRANKY
osospltated Mining and Smelling Com
nny. the City OF Paris Gold Mining Com
nsy, the Majestic Gold Mining Company,
T. Knob Hill Gold Mining Company and
~ Old Ironsides Mining Company. Their
- capitalization IN s1,i00,00D Mr..
fnvee Is vfce president and general man.
~ of all these companies.
ssDir smelter." said he us nearing COM
setpn The work remaining is a mere
natter OF setting up parts OF machinery.
hy4ng platforms and building trestles
rsaHtory 20 starting operations. We
hare recently removed our Offices from
ennd Forks 10 new quarters at the
melser, and the laboratory. where assays
~ made. has been occupied for several
vrE The generators I'm the power
sess, which viii supply the electricity,
oelY lack the wires TO BIO connected with
n motors at the reduction works, These
mnsctions Will be completed within a
~ days
Tho dam has been delayed on account
dths excessively high water, a condition
\ affAirs unparalleled in the records OF
M Kettle river u Will require perhaps
no or three weeks TO complete the SUPER
ffycnre which has now reached n point
were the water, while retarCiinR opera
lhas viii not longer offer any serious OBJ
eaeles Tho power that will be
tFsilanie Is estimated al AGO horse-pow-
Y but We are developing only 800 horse
pwu. We will only require 100 horse
pstr Tor present requirements
hsssttnE Soon "a Begin.
TIE emelter II supplied with two FUR
Nees, HSlvD, each with a capacity OF $50
1ds every twenty-four hours a yaria bic
ss4ftEy, owing to the quantity OF f,ux
~ esed with the different character of
~ that may be treated.
We are receiving ore from the CITY Of
mrs Mile, IN Central camp, and a roast
sszp which VIII be fired some time ia tha
~ Two weeks, IL now being built. ore
K also BE- received from the Knob Hill,
u ironsides and CRANKY properties in
THfnit, TAI arc. i.
MvNs The. river IL finished. The trestIes
Wm 10 be ready within the next two
nssA u Is our purpose tn start the
aNsihs q ores as soon as they are re-
~ THIS Will have to b- done whether
las IAN IL delayed or not, and eonse-
s<hty We viii have ample reserves for
" smelter when tho furnaces are blown
We snail accommodate prospectors
- ~mpanies operating in this vicinity,
Pc securing for them the ben.ilt ~
Nsp treatment. think we will Be able
nse caro- or all the ore contiguous 20
uha Fofks Judging from the char
~ ef the OEes that we have analyxed
SUNDAY rate OF $3.50 TO 81 per ton wifi
sdertiyc here
Taefe has been considerable comment
n~Nihs The magnitude Of the opera
sans " tae various enterprises OF which
ttN NE kenefal manager" continued Mr.
laws Any success that may have
80 achieved thus far Is due 60 the gem
srs~ and unwavering financial sipnort
Ea'ned ~ 4 t. 6. Miner. of CRANKY,
sW the various companies have
49, 70 he Known as tho enterprises OF
- alanf syndicate. MIR. Miner not only
hsesiet himself but Induced his friends
y lskaNise, and the abundant faith
~ clspisytd In the Boundary country,
U~. VIII s1pn be substantially reward
M Miner had previously been con-
win other similar undert akings
TIE principal ores 10 h., treated M our
n-eNT Vii come from Phoenix The
81 49, nfort or our superintendent showed
$500 worth of ore Ia sight In the
49, tili, above tho tunnel level. The
- NefAxe value placed upon Il was
$3.50 should pay uS s. & per ton net
~ I is estimated there ia as much
akhi IN the Old Ironsidcs as Ia the
49, ttii44 aud the Victoria tho adiuin-
~ M-NA .M-L-..L b. !.