Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-02-02


go into the treasury of the company
and can be expended only for the pur-
} pose of developing the Emma and such
other properties as may be leased.
! bonded or purchased. so that every
stakeholder is guaranteed that every
/ dollar that goes into the treasury will
be expended for his benefit in proportion
to the amount of stock he holds.
There are many men of money in the
east who would like to engage in legi-
innate mining, and take their chances
in a genuine mining proposition. This
company is composed of men whose
names absolutely guarantee the legi-
F'tmacy Of the enterprise. The members
OF the syndicate have lived in Butte for
years and are fully identified with its
chief Observation-Disclosures can readily
distinguish a good prospect from Il bad
one. They have been putting their own
money into the proposition and expect
to continue to do so. Theirs is the
responsibility to keep the mine work
ing until pay ore is struck, while the
man who buys the non assessable stock
has no responsibility. The eastern man
cannot, usually, leave his business and
come to Butte to familiarize himself
with mining and find out for himself
what is Il good investment and what is
not. And yet the eastern man is just
as anxious the western man to make
$40 with 81. This being true, when he
goes into a mining company, he should
observe a few fundamental rules. In
vest in camp where there are good
mines. Go in with men of experience
and men of years of success in their
own business. Go in with men who are
/ on the ground and who are putting their
own money into the enterprise.
aOPINIONS REGARDING THE EMMA
h VEIN.
Letter from Mr. Chas. F. Booth. min
ing expert. for years manager of the ia
NOUS Washoe Copper mines of Butte:
n Butte. Montaa, Jan. 25. 1901.
4 To the directors of the Butte Mining
" Development company, Butte, Mon
tana.-Gentlemen:
In reply to your request for some in
formation regarding the Emma vein and
lode claim, l have this to say:
Ny attention was first directed to this
vein about five years ago while i had
charge of the property and affairs of
the Washoe Copper company.
Y FThes late Marcus Daily, who was the
moving spirit in the development of the
properties of the WashOe Copper COM
pany, spoke to me several times about
the probability of a mine being deve-
Dped on the Emma vein. He informed
me that when he first came to Butte
shis attention was attracted to the prom
Using surface indications and vein crop
pings of the Emma, but that he believed
it would require deep workings to prop
erly prove the value of the vein, and that
it would be necessary. in the event the
property could be secured, to follow the
line of development pursued in opening
up the properties of the Washoe COM
.pany-namely. to sink shaft to a depth
OF perhaps thousand feet. Satisfactory
|Sterms, however, could not be made with
|athe owner.
h subsequently the property changed
hands through court proceedings, and
lsthe succeeding owner, after he had Sc
cured a good title, was not so severe in
his demands. In reply to a letter sent
lSto Mr.. Daily, asking him if he still enter
|stAined the views he had regarding the
Emma. he expressed a willingness and
lsdesire to take hold of the property and
iSpfoperly develop it, stating that he had
ygreat confidence in the development of
that vein. However, the property had
been secured by your company. 50 no
further action was taken by me.
The vein is undoubtedly very large
and appears well defined upon the sur
face wherever exposed, and in places the
/ groupings are large and prominent. At
the westerly end of the vein consider
| able gophering has been done by small
leasers who extracted considerable
high grade ore. 1t is well known that in
| the early days the present site of the city
of Butte was fhickly covered with YER
dure-grass and wild flowers grew in pro-
| fusion. except in such places where the
| soil was SO heavily charged with mineral
that nothing would grow. The surface
of tho eastern portion of the Emma was
one of the barren places in the district
| showing evidence of a great deal of
! mineral where the vein run through that
| section of the country. A shaft was sunk
| near this place many years ago to a
| depth of 10 or 100 feet and ore was found
| in the shaft assaying II per cent. copper
! and l6 ounces in oliver. which is much
| higher than the present ACREAGE of Butte
! ores. At that time. however, the cost
! of mining operations and the charges
! for reducing ores were greatly in ex-
! cess Of what they are at the present
| time. while the price OF copper was not
much more than two-thirds of what it
| is now. The work was done by leasers
with small means and owing to the eX-
scessiye cost of mining and the high
Ifcharees for reduction they were unable
to make it pay at that time.
The conditions at the present time,
! however. are such that ore carrying
even per cent. copper and 5 ounces in
silver can be mined at a great profit. if
found in sufficient quantities.
/ In conclusion l will say that the Emma
claim is a property showing great prom
| Use and deserves the expenditure of sufIi-
icfent money to properly develop it to a
! depth Of at least 500 or 600 feet. l en-
! close herewith the letter received by me
from Mr.. Daily above referred to. Very
| truly yours.
CHARLES r. BOOTH