Mohave County miner., 1901-04-13

uer When this money shall have been I!
expended, another block of $4,000 |
shares will be put on the market, bnt
at an advanced figure. This is strictly
a home company, and all those who
purchase stock are Cor can become)
familiar with tn property, and there
fore purchase on their own judgment.
The Era is pleased to see this company
formed, because il it succeeds in
opening up valuable mines, many 9TH
er home companies can be formed on
the same plan, and thus many pros
pectors will be enabled to develop
their own property. This plan of as
sisting the prospector has been in
operation in Colorado and Utah for
many years past, and is one reason
why those countries are so prosperous
This plan is not only of great advan-
tage to the prospector, but it also gives
people of limited means an opportun-
ity to become interested in property
which often turns ont we'll, and makes
them big money. Mr.. Tanner and as
sociates are to be congratulated on
their plan of giving the home people
the first opportunity to purchase their
stock.-Copper Era.
The Mineral Wealth of California
says that the Midas mine of Shasta
county has the largest pay chute of
any mine in California. The pay chute
of this famous producer shows con-
| tiEuous for distance of 27OO feet on
the fourth level Drifting from the
shaft at this level at depth of Do
/ feet has been extended west 1900 feet
and east 1870 feet, carrying pay ore all
/ the distance, the vein 81 owing an
average width of from two to three
! feet. and sometimes widens out to fully
| six feet The face of both dlifts is in
good pay ore and indicates that the
! assure will develop eastward as well as
| into the main mountain. On the tun-
mel levels the pay chute has been eX-
posed several hundred feet farther
westward than on the fourth level,
and it can be safely estimated that the
feet, so far as present development
/ shows, and As stated before, it Is be-
| ing extended in both directions. North
ern California can claim, without ques-
ton, the banner pay chute Of the Coast.
Development work is being pushed in
the shaft, and a large station is being
cut on the fifth level eighty feet below
the fourth. A crosscut has been driv-
en- to The ledge from the fifth. and sink
ing will be continued as soon as heavier
hosting machinery can be installed.
A double deck cage is used in the
shaft. A great deal of stopping ground
remains in the levels above the fourth,
and to say that sufficient ore is in
sight above the level to run the twenty
stamp mill for three years is conserv.
alive statement. About forty tons of
ore are crushed per day aud $50 men
are steadily employed.
500,O0OS was the sum paid Martin
Costello the other day for group of
eleven claims in the Bisbee district.
The payment is made two months be.
fore maturity and the deeds in escrow
have been delivered in exchange for
the big amount rendered Costello for
Judgment in safe keeping at the Ari.
IONA National Bank. The Calumet
Michigan, people who were at Tucson
to close the deal are Ernest Bollman
and Peter Ruppe, and their attorney
Gordon r. Campbell. From Tucson
Messrs. Bollman and Ruppe went to
Bisb bee TO look over the property, where
Mr.. Campbell is expected to meet
them before they leave. The purchas.
ing corporation, which the gentlemen
represent, is the Lake Superior q West
ern Development Company. The deal
is the largest cOnsummated in thi.
county in twenty years. Among the
claims included is the famous Irish
Mag, on which shaft is down S66 feet
At the $50 and $50 levels drifts have
been opened to the northeast and in
good bodies The shaft is vertical and
runs into lime. Another shaft has
been started on the Senator. From
this it will be seen that about two
years work has been done by the com
pany since it entered into an agree.
ment for purchase. The payment and
!. closing nm of the deal will give an