The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-05-02
BEAR GU[CH DEAL
DENvER-LONDON CAPITALISTS TO
ACQUIRE GROUP.
AMOUNT INVOLVED S2,000,0oo
Question of Bond Forfeiture-Man
Who Claims He Helped Rob
Bank Ordered to Leave Town-New
Northern Pacific Shops-Albemarle
Hotel Building Sold.
Especial to Inter Mountain.)

Livingston, May 2.--Colonel A. c. Jar
. dine arrived in the city from Helena,
enroute to his home at Bear Gulch. aft
@f attending to the details of the deal
with Carl Werngren. of Denver, looking
to the acquisition by Denver and Lon
don capitalists of the group of mines of
the Bear Gulch company. Colonel Jar
dine was well satisfied with the DEAL
and ,ly the bond will in all proba Utility
be taken no.
Nothing like this deal has ever been
made in Park county. The figure in
volved is 100000. The mines are de-
veloped, however, to such depth that
the ore in sight fully justifies the offer
made by Mr.. Werngren.
The Bear Gulch company is not losing
any sleep. however, as to whether the
bond will be taken up. The company
is fully satisfied with it's property and
if the bond is allowed to go by default
will Immediately begin the erection of
cyanide plant and a new mill.
The ore is improving in values as the
tunnels are driven deeper and every out
look is of great promise for the camp
Bear Gulch is becoming famous and
Park county will. before long, number
among its resources the richest gold
camp in the state of Montana.
ANoI ~ OIdAy dS ne seemed.
mysterious, prisoner was arraigned
before Judge Henry and a commission,
composed of Drs. Alton and Pampel.
Louis Sporting was the prisoner ar
raigned. and he was said to he insane.
He had been boarding at the house
of Walter Hoppe at Cnnabar for the
past few months. Hoppe finally told
him he would have to pay for his board,
make some effort to secure endowment
o" ret ont.
Sporting laughed at Hoppe and claimed
he was richer than any man on the
Upper Yellowstone. Growing confiden-
tial, Spering said he had been a par
ticipant in bank robbery in Minnesota
in 1898 and that his share of the swag
amounted to $151. OOO This money. he
said. he would have in short time
and then he would make Hoppe indie
pendently rich. Hoppe took no stock
in the story and told Sperling to get
out. The latter refused to go.
Judge Henry tried to get Sporting to
admit that he had told the bank rob-
berry story. but was unable to get any
thing out of the man. He would not
deny that he knew of such a crime hav-
ing been committed. but merely answer
cd in response to question: WELL sir,
l tell you. If l did know anything about
such crime. l don't think I'd tell YOU
see!" He was discharged. it being plain
" apparent that he was not crazy.
Judge Henry told him to leave town. or
he would give him six months on the
rock pile.
Work for 600 Men.
The confirmation Of rumors to the effect
that the Northern Pacific will increase
its shops at this point has har stimu-
lating effect on Livingston. Many bust
ness men will commence the erection Of
substantial brick bu dings as soon as the
work on the shops begins. The officials
here have positive information that the
work will he started in a short time. The
plans for the new shops involve the eX-
renditure of 100000 and provide for the
erection of an entire new machine shop,
which will be 300 feet long, and from so to
SO feet deep
The machinery in the old shops will be
removed to the new shops. There will
also be the latest and most improved
machinery which can be obtained The
erection of the shops will double the ca
phcity. The number of men employed
will also be doubled, bringing the number
in the shops close to 600
How Real Estate Advances.
The largest deal in real estate in I.iv-
ingston for more than two years was con-
I summated yesterday. when A. o. New
I ton purchased the Alb ermarle hotel build
ing from VIM. f. Thompson. The con-
sderation is stated at S25,0 When it is
taken into consideration that the same
building was sold bv Arthur Kennedy to
Thompson Bros, only six months ago for
$4,000, it is not hard to appreciate the
upward tendency Of real estate values in
the city.