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

OF Butte that made this camp the great,
est in the world and the envy of every
other mining district on earth, and by
the same token it will be by faith, sup
plemented by good works." that Butte
will continue to be the greatest mineral
producer on the globe.
The recent incorporation of a mining
company by several Of the best known
and most prominent capitalists of this
city may be taken as an evidence that
the people of Butte have abundant
faith in the future of their district And
why should they feel otherwise disposed,
when they know that the Butte district
has in the past twenty-five years con-
tributed nearly half billion dollars to
the worlds wealth?
This company is known as the Butte
Mining and Development Co., and has
been incorporated under the laws of
New Jersey. The incorporators are men
| OF means; men who are Interested in the
development of the resources of the
district and who have been identified
with the early history of the camp. In
point of financial strength it is one of
the greatest companies ever organized in
Butte, and out of it's operations. is like
ly to grow another of the big corpora
tions upon which the prosperity Of Butte
depends.
This company has secured the Emma
| mine in the southern portion of the city.
situated on the celebrated Mother lode"
and only about one claim distant from
the Moonlight and Blue Jay, two splen-
did copper producers WHICH are valued
up in the millions. Development work
has been in progress at this property
for some months and with excellent re-
suits. The shaft has only reached q
depth of two hundred feet, but a man.
moth vein carrying 1870 ounces in silver
| has been cut All of the great copper
| properties of Butte were silver mines
above the 900 foot level and the men who
| Incorporated the Butte Mining and De-
velopment Co. confidently believe that
with depth the Emma mine will prove
as rich as any yet opened up. The past
history of the Butte district affords
numerous striking illustrations of the
| truth of this theory.
! Strange to say this big "MOther lode
| has never been developed to any great
depth. The early loca tors Of claims were
| either too busily engaged in developing
| the copper properties they owned, too
| poor to sink deep shafts and as "A re
| suit the big ledge, which is one of the
prominent landmarks Of Butte, was
neglected. Now, however, it will be
| tested. The men who are back of the
Butte Mining and Development Co. are
expanding their own money in the enter
| prise. A limited amount of the stock
| in the treasury has been offered for SALE
! the proceeds to be used for development
| purposes only. Considerable stock has
been sold to Butte parties. who have
faith in the mine and in the men behind
| moi n " lyinr' stock
| about for sale and are making no special
efforts to dispose of it. But they are de-
| termned upon one thing. and that is to
| sink the shaft to a depth of one thou
sand feet if necessary, to encounter the
! rich body of copper ore which they be-
| lieve exists in that section. v
| A few years ago what is known as the
| Ground Squirrel district was unknown
as copper section. An old man named
Carter began prospecting there. He was
| laughed at by all his friends who ads
yised him not to waste his money. He
| failed to take their advice. and began
work on a shaft. He opened up SPLEEN
did body of copper ore. made a big for.
| tune and retired to greener fields To-,
day half dozen companies are operat-
| ing in that district. Within few hum
| ured feet of the first shaft. the Butte &,
Boston company is securing it's best ore
and shaft 1000 feet deep is con-
| templated That district is also in the
southern portion of the city.
From the prospectus issued by the
Butte Mining and Development Co. it
is CLEANED that the company numbers
among it's members three bankers, two
of the leading merchants, an ex-U. S.
! senator an ex-lieutenant governor, the
i pHeseut state treasurer and a number of
| other gentlemen we'll known in Montana
| mining and financial circles. All are
/ Butte men and all are experienced min
| ing men. The officers of the company
! are:
President, Lee Mantle, lIx-U. S. sena-
| tor for Montana: Vice President. James
| II. Lynch, capitalist. eX-pOstmaster of
Butte: Treasurer w. l.. Meyer, of the
banking firm of DAILY, Donahue & Meyer.
Rutte; Secretary, w. w. Mcdowell,
owner of the Copperopolis copper mines.
Board of directors-Lee Mantle,
! james 4. Talbot. vice president First
/ National bank Butte; II. Lynch, A. II.
! Barrel, state treasurer; Fayette Har-
rington. cashier Silver Bow National
bank of Butte: f. ]. Anderson, state
| senator merchant and cattle grower;
! W. W. Mcdowell, DR.. Maurice Eisen-
berg mining capitalist; a. f. spriggs,
ex-leutenant governor of Montana; J. A.
| shelton. attorney; Kenneth X. McLaren,
capitalist.
The prospectus continues:
The gentlemen comprising the com
pany have incorporated under the name
| OF the Butte Mining & Development
| company, and under the laws Of the
state of New Jersey. The capital stock
is s.. OOO. 900, divided into 100000 shares.
OF par value of $500 share. The
| stock is worcestershire and under the
New Jersey law there is no stock liza
bility.
INTENTIONS OF THE COMPANY.
1t is the intention of the company to
develop other Butte properties as we'll
as the Emma and with this in view