The copper era., 1902-01-16
SHANNON COMPANY TO BUILD CON
GENERATOR At ONCE.

SHANNON COMPANY TO BUILD CON
GENERATOR At ONCE.
The directors OF the Shannon Copper
company have decided TO commence
the erection OF 500 ton concentrating
plant just as soon as the plans can De
drawn. VIM. Carkeek, one OF the best
known concentrating men OF Butte,
Montana, is now busily engaged on the
plans for the new coucentrater, which
will be erected near the company ;
smelier at Clifton. 1t was tho origina
intention OF the company, after the
erection OF the shelter which will soon
be completed, TO rely upon the smelt-
err earnings to pay for the concentration
and converter. but the directors OF the
company have decided that il is best
for the stockholders TO proceed at once
with the work, so as TO make the great
est possible saving in values and treat
the ore in the most economical manner.
II is estimated that the concentrators
and couverters will save the company
from 50 to 50 per ton additional on
every ton of ore treated, and that at
least 5000. 600 will result by erecting
the new plant at once, over aud above
what could be made during the time
which would necessarily elapse before
il could DO paid for out of the net earn
ings of the smelter alone. Upon the
completion OF the new plant :be COM
pany will be in a position to treat at
least 700 tons OF ore per day on which
it is conservatively figured that with
copper at u cents per pound it. net
earnings should be at least $500, 600
per year. The amount required TO
complete these new improvements to
tue plant will b. 5000, 900, aud in order
ia P.tiE al
rectOrs decided to issue first mortgage
seven per cent. bonds to raise the re-
quired amount, and TO give the stock
holders the first chance to take the
bonds. in pro rata TO their holdings o!
stock. This offer was made to the
stockholders January LIST and the bonds
were so rapidly subscribed for that it
it expected this entire issue will be
taken, before the expiration Of the
present month. In addition to the
economy effected by the plan the com
pauy will be 10 a position to commence
paying diyidends much earlier than if
it were Obliged to use its earnings for
these additions. When the coatem-
plated improvements are completed,
the Shannon company will have As
a concentrating and smelling
plant rs can be found in all the south
anu Will d VI
ore already stopped out to run the plant
for many years, the company will at
once take its place as one OF the heavy
producers OF the territory. The COM
pany has used nothing but the best and
latest designs in machinery, anG has
spared neither pains nor expense in the
rection of its plant. The stockhold-
ers can rest assured that they have "a
mining property equal to any in the
and when their entire plant
IS completed and in operation their
dividends will be steady and sure.
f. n. Beauch amp, who visited this
amp about three months ago, arrived
N Clifton this week from Denton, Tex
Is, where he organized a strong COM
Danv. and is now prepared to back his
opinion of the district with good hard
lash. He is exporting some gold prop
,rty in the north end of the Greenlee
district. Mr.. Beauchamp has had
much experience in mining in Old
Mexico.
Charles Hoggett will leave in few
lays on trip to Sonora, where he has
ome valuable mining interests. A
ale of property adjoining his was re-
,ently made to a French company for !
$4,000. The property in which Mr.. |
1oggett is interested is rich in gold, |
md has more than paid for develop /
nent work