Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-07-17
H. DODGE MANS SNAP.
John u. schaupp. a TT Dodge Capt.
talist and Spectator, Strikes
1t Rich.
Invests in Washington Mining Prop.
erty by Merest Chance and Has
a Bonanza.
Company Formed With 100000.
Capital and There is Not One
Share For Sale.
Special to Times-Republican.


Special to s-Republican.
Fort Dodge, July 17.-John NJ
iSchaupp, a wealthy capitalist and
SPECTATOR of Fort Dodge, has struck it
rich in gold mining and comes back
from his mine near Spokane, Wash,
With glowing accounts of the country
and prospects. While travelling in the
west a few years ago Mr.. Schaupp
CHANGED to drift into Washington and
there became interested in casual
Way IN the mineral resources of the
country, but had not the slightest idea
of investing a cent in a business con-.
corning which he knew nothing. 1t so
happened that he formed the acquaint-
ance of an old forty-niner, who had
washed gold in California in the early,
days and had been engaged in gold
seeking ever since. He had ut times
made some good finds and on several
occasions had made his "bar'l," but
was a poor head at business and had
an over-fondness for the flowing bowl.
Yet he knew the alphabet OF mining.
from TO A to r. He contitled in Mr..
Schaupp the fact that he was half
owner in a property of extraordinary
value way up in the mountains; the
quartz did not make a rich analysis,
but the immense quantities of ii made
the find valuable one could it only be
worked with machinery and a method
evolved to3get the quartz to the nearest
railroad. distance of twenty miles
oyer very broken country. 1t developed
N, II n
worked the property for several years
and had transported their crushed rock
on the backs of mules TO the smelling
works. working only in the summer
and spending the winters in San Fran
cisco III Il grand carousal.
Despairing of ever being able to work
the property themselves and a GOODNESS
having developed between the partners,
they We're in a ready mood to listen to
proposals to sell out They We're APP.
preached separately and for an neon
siderable sum reinquished all claim
and title to their undeveloped mine. In
fact, however, the property at that time
was of little value, as 1t consisted
chiefly OF possibility.
Since March of this year a large
force of men have been employed in
blasting away the side of the mountain
to make road way to lead to the val
Icy below and the little spur of railroad
that VIII carry the ore TO the smeiter.
The company which has been formed
starts in with a capital of million
dollars and that Mr.. Schaupp feels as
sured of the sureness of his investment
it may be said that not single share
of the stock is on the market al any
price. He has and is investing large
sum in getting a road way to the nine
and Will next dam the little mountain,
torrent two miles from his shafts, gen
crate electricity by means of turbines,
convey the current to he mine thru an
insulated cable and utilize thu force IN
drilling into the mountain OF quartz
and iii moving his heavy machinery
and hosting apparatus. The ore con-
tains. in addition to a working GUAM
tity of gold. a fine bi-chlori5e OF silver
that assays in paying quantities. Cop
per is also contained in small guam
Titles MIR. Schaupp returns to WASH
ington in a few weeks and viii devote
Ills entire attention TO the development
Of the property.