Idaho Springs siftings., 1902-10-11
SPECIE
PAMMENT
AT WORK
Report That This Company Has Secured
The Champion Mine.

The Champion Mine.
While the ore which is taken out goes
to Gilpin county, it is nevertheless a
fact that rightly the output from the
Specie Payment should be credited to
Clear Creek county. Sixty thousand
dollars year would make quite a diff
ference and in a short time when the
output is four or five times that large it
would make a vast difference.
Such is the work of the Specie Pay
ment which nas a record of having pro-
duced upwards of 100000. This prop
erty is situated on Bellevue mountain
and in a short time, if reports are true,
the owners will have secured possess
sion of the Champion. an adjoining
property which is equally as rich.
What the acquisition of this property
means very few know 1t means that
that the Specie Payment and the Cham
pion combined in forces would produce
more money than all the mines COM
bined in either Clear Creek or Gilpin
county. The property lies just one
half mile inside the boundary line of
Clear Creek and the ore is of a high
grade. The Specie Payment, at the
present time, owns seventeen claims,
and while IS, 900 month is being taken
out, active work for a large record has
not been in progress for some time.
The promoters and owners have simply
been doing development work and are
nous quantities.
For many years there has been a
| legal fight over the Champion. 1t is
owned by English parties, and owing
to the legal tangle in which it has
found itself. work has been at a stand
still. 1t is reported in this city that
the trouble is about settled and that
the Specie Payment. of which w. w.
Williams is manager. will secure pos
session and then the two properties will
be worked together.
The Champion has a shaft which has
been sunk to a depth of 1000 feet If
the deal goes through it will mean that
all the ore from the Specie payment
will be taken out through the shaft and
in order to accomplish this work it will
only be necessary to make an upraise
for distance of about 100 feet in order
to reach the shaft of the Champion
This will give the Specie greater depth
by 400 feet.
| The Specie has a large vein of ore
which runs very high in gold. The
smelling streak gives returns of $S5 to
the ton, while the mill dirt will aver
age $14.
In the Champion there are ore bodies
on both sides of the shaft On the
west the lay of the territory makes it
SO that the owners can develop prac-
tically virgin ground. This territory
has been neglected partly on account of
the expense of the cost of working and
partly because it was owned by the
English people, who have been at log
gerheads.
! The old tramway, which was former
\ ly built from the property to the Stan
| ly mill, has been purchased by the Spe-
Gle Payment people, and it is their in
tention in the near future to put this
property in first-class repair If this
proves to be the case it is barely pos
sible that at least a portion of the ore
taken out will receive treatment in this
district and that the output of the prop
erty will be credited to Clear Creek
county instead of Gilpin.
Other improvements are in the wind,
and in fact it is the intention of the
owners to place this proposition among
the largest payers in the entire state.
! At the present time there are about
forty men employed in and around the
premises.
STOCK Is FULL PAID.