Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1901-10-09
Price Of Stock Advanced.

for less than its real value, as compar-
ed with the development and prospects
of other mines, and also from the very
flattering report of our manager, ID. ID.
Mac Donald, who has lately visited
and inspected the mine, the trustees
have decided to advance the price of
treasury stock, and that on and after
Oct. q, 1901, the price of stock will be
advanced to % cents per share.
This price will be subject to still
further advance as soon as machinery
can be installed to wash the ore, or as
further development may justify.
A. B. HARRIS, Sec'y
Chickasaw Mining and Smelling Co.
To THE STOCKHOLDERS OF THE
CHICKAsAw MINING AND SMELT-
ING COMPANY.
Having just returned from a visit to
the Blue Bird" and having attended
the annual meeting OF said company
held at Spokane, Washington, Sept.
u, 1901, herewith present the follow
ing report:
/ arrived at Spokane, Saturday, Au-
gust 81, and at the suggestion of
Messrs. Greenburg and Wright, presi-
dent and treasurer of the company, L
secured the services of Mr.. &. 5. Jen-
nings, one of the best mining experts
of the northwest, and together we start
ed for an inspection of the mine. we
arrived at the "Blue Bird" Wednesday
noon, Sept. 4, and found everything
fully as good as had been represented,
with steam hoist, necessary building
for its protection, cook house, bank
house, tool and powder house, etc., all
IN place.
Work having been suspended for
necessary repairs on steam hoist, con-
siderable water has accumulated in the
shaft. We had the hoist fired up at
once and the water removed, then Mr..
Jennings and myself went down and
thoroughly inspected the shaft and
drifts. We found the shaft as reported,
about 200 feet deep, with drifting done
to the extent of about 120 feet, both
shaft and drift being in ore to the full
width of same. / knocked off mum.
Der of pieces of ore in different parts OF
the mine and found them to be the
same kind of ore as was found on the
dump, and the same that has been
shown from time to time to the New
Hampton people.
There was large amount OF ore on
the dump, fully 1000 or 1000 tons, con-
sistlng of quartz and spar, all showing
that it was rich in copper. This ore
Mr.. Jennings estimated would yield on
an average $500 per ton copper, be-
sides values in gold and silver. With
a reduction plant (either commentator
or mating smelter) there is no ques'
ton but what this grade of ore could be
worked at large profit, and Mr.. JeD-
nings advised that such plant be in.
stalled as soon as possible, ana thus
utilize the ore taken from the mine.
We found everyone enthusiastic over
the "Blue Birdn and all confident OF
its success, in fact nearly everywhere
we went people had samples OF our ore,
There are other mines being opened
up i'm this vicinity and the owners
thereof feel highly elated if they find
ore resembling the "Blue Bird" ore.
For example, the "Gold Bug mine
which is situated few miles from us
is now down one hundred feet, and
they have just closed contract foi
sinking their shaft two hundred feet
deeper. This mine is owned by some
of the leading citizens OF Garfield
Wash, who are very sangulne IN re-
gard to the ultimate success OF thell
| claim, because of the fact that their ore
resembles the "Blue Birdo ore, and al
so from the fact that next season there
will be a railroad built up the Paloust
valley, two preliminary surveys for the
same having already been made.
With the railroad built the problem
of hauling ore will be settled, and the
expense of placing our mineral on tht
market will, of course, be great dea
less than otherwise.
In addition to the mining interests
which are as vet in their infancy, the
Palouse valley, nearly up to our prop
erty. is a rich agricultural country
while immense quantities of timber arr
inaccessible for want of transportation
so that there are many incentives To-
the construction of the new road.
On September IL, 1901, the annua
meeting of the stockholders was helt
at Spokane, Wash, and the FOLLOWING
trustees were elected: h. w. Green
berg. Spokane, Wash, Geo. ii. Wright
| Spokane WASH, T.. n. Olmstead. New
| HAMPTON, Ia, A. b. Harris, New
Hampton, Ia, ID. d. Macdonald, New
Hampton, la.
After the meeting of the stockholder
q meeting of the trustees was held ant
the following officers elected for the Ell
suing year: ~
III. w. Greenberg, president; E. n
Olmstead, vice president; Geo. II
Wright, treasurer; A. B. Harris, secre
tary; d. d. Macdonald, manager.
1t was the opinion of the trustee
that reduction plant be installed a
soon as possible, and sufficient treasur.
stock be sold for that purpose, work Il
be pushed as rapidly as it can be whei
that is accomplished.
AS result ofmy investigations, an
favorably impressed with the develop
ment work already done, and thinl
that the prospects presented are YER
fiattering. With reduction plant II
d place and in operation, as outlines
/ herein, / have no doubts as tothe futur
success of the mine. Respectfully,
ID. ID. MACDONALD.
| Relief in Six Hours,