Idaho Springs siftings., 1902-07-12
PROGRESS
AT THE
ELWOOD
This Company Has Paying Ore in Two
Of lis Properties.

AN%F~AJ A@s-0 F--+G 80 a W.
of Its Properties.
w. Willis Houston, of Philadelphia,
Pa, secretary Of the Elwood Mining and
Milling company, was in the city this
week looking over the properties owned
by his company. He was highly pleased
with the work that has been done during
the last few months, and found the mines
to be in highly prosperous condition.
The Elwood Mining and Milling COM
pany has two mines which today are as
good as almost any in the entire district.
The Caldin, which is located on Seaton
mountain is in rich ore and during the
last two weeks large ore bodies have been
opened. 1t is big proposition and the
Philadelphia capitalists who are backing
the enterprise are to be congratulated
upon the success they are attaining
There is a large streak of both milling
and smelling ore and the returns are all
that could be expected. This property
has been thoroughly tested, and it was
found that it would pay handsomely
This does not mean that only one ship
ment has been made. 1t means that on
various occasions large quantities of ore
have been shipped to the mills for treat
ment, and in each case the result was al
ways the same.
Another property which is good one
is the Metropolitan, situated up Spring
Gulch. Fortune has also favored the
owners in this case, and only a few days
ago good body of ore was encountered
in the mine. Shipments will begin
shortly and the indications are that both
mines will continue to improve as more
development work is done.
Manager Elwood of the company is
recognized as one of the most conserva-
tive and best posted mining men in the
entire district, and he is losing no time
in taking out ore. A present it is being
sacked, pending its transportation to the
mill.
Mr.. Elwood during the past week has
shown Mr.. Houston over the entire work
ings of the two properties, and as re-
suit the last named gentleman was highly
! pleased. Before leaving for home he Sc
cured samples of the ores.
Several other people interested in the
company were also in the city this week
Notice of Annual Stockholders Meeting.
To Whom 1t May Concern
You are hereby notified that the an
nual stockholders meeting of The Mem
phis and Idaho Springs Mining company
will be held on the third day of Septem-
Der, A. D. 1902, at two O'Clock in the
afternoon of said day at the general office
of the company at Idaho Springs Colo,
for the purpose of electing the directors
of said company for the ensuing year
and for the transaction of such other
business as may properly come before
said meeting at said time.
! You are also notified that a resolution
will be offered at said meeting to be voted
upon by the stockholders to increase the
capital stock of said company to one mil
lion five hundred thousand (I,5oo,ooo }
shares and to amend Article III of the
Articles of Incorporation so that the
same shall read one million five hundred
thousand shares at the par value of one
(Sr.oo) dollar each in place of the present
Article III of said Articles of Incorpo-
ration. J. J. WILLIAMS, President.
w. NJ. SLACK, Secretary.
E. 1. NEPTUNE,
c. A. KING,
CHARLES CRAIG,
Stockholders.
l.. n