Idaho Springs siftings., 1902-05-24
The Ones Who Reap |
While Others Sleep
Hidden Treasures OF
the Kitty Clyde Cap
tured by the Alert
Boston Capital - -

pend upon values. There is still pay ore
under the tracks in the shaft referred to
and the work sinking it the 200 feet did
not cost the company one cent.
"The drifts were leased on a as per cent
royalty and the leasers furnished their
own ammunition and did their own hoist
ing. This will best explain the value of
the ore. 1t was a lead formation and run
from three to six ounces in gold and 90
per cent lead. The streak run from
know of no property 1 would sooner put
my money into than this one. Show me
one in the district that has accomplished
as much for the same depth -
We understand that the energetic gem
tlemen comprising the directorate and
management of the Occidental company
have simply secured the Kitty as one
property in list of several other valu-
able ones which will be operated exten-
sively here and at Granite, Colo, where
there has been abundant success for the
old company and will undoubtedly be for
the new.
The new company will be known as
the Acme Mining company. 1t is organ
lied under the favorable laws of West
Virginia with capitalization of $4,000,
divided into l, 500, 900 shares of the par
value of 10 cents each. These shares are
full paid and worcestershire 100 900
he's been placed in the treasury fund to
be sold for development purposes. This
leaves 100000 in the possession of the
Occidental company and certainly evil
dences its fairness when the manner in
which the division is usually made is
taken into consideration. E. w. Redding
is the general manager in charge of the
western office, and F. E. Hathaway, of
Fall River, Mass, president Edwin L.
Palmer, Danielson, Conn, secretary ].
Irving Davis, Providence, R. l., vice pres
ident; Robert c. Miller, Boston, Mass,
treasurer.
The properties in the Granite district
consist of the Morrison group embodying
the Humboldt No. 2, Waupaca, Hum
boldt No. 8, Apex and Hidden Treasure
lodes. About $4,000 has been expended
already in the development of this group
but no systematic mining has been done.
1t is here that Manager Redding will
again produce the proof of his success
He has reduced the development work
incident to mining to a science, and
l. 20 toiw r
that shows the values and make it a sue
cessful shipper.
The West Slope group contains the
Venture, Kimberly, Mexicana, West
Slope, Grand View and Arkansas claims
or lodes and possesses some of the best
defined and largest veins to be found in
that district of rich properties The
Hettie Jane is also part of the holdings
of the company and is a patented prop
erty with a greater amount of develop
ment accomplished than on the other
properties. In the future, as soon as con-
ditions will warrant, a mill will be built
and we understand that the properties
have an abundant water power to drive
the machinery for the mines and the mill
|. To indicate the class of property in
which the company has invested, the fol-
lowing from the Granite Mining Journal
will show what is being done:
''The Hettie Jane, lately secured by the
Acme Gold Mining company, is one of
the oldest and best known mines in the
vicinity of Granite, being one of the first
patents ever issued by the United States,
No. AZ. Fifty feet in width and 5000 feet
in length, the claim covers the vein for
the entire length, and the vein has been
opened and worked for nearly 1000 feet
The richest ore ever produced in the
Granite district was taken from the Het-
tie Jane and was mi1led in the old stamp
mill in Low Pass gulch. Of all the thou
sands and thousands of dollars taken
from this old mine in the days of 1868 to
1870, no record remains save the old
workings extending for over 1000 feet
along the vein, and the few remaining
marks of the old stamp mill and water
bitches. We have been reliably informed
that more than 100 men found employ
ment during these two years at the mine
and mill of the Hettie Jane.
mining in the earlier days was at