The Elk Mountain pilot., 1902-05-13
TIMES AND MINING.

in Washington gulch at an early date.
~ ~ .ss
Gus Ericsson arrived from Gunnison
Monday, and will spend the summer de-
veloping his mining property on Galena
Mt.
w. d. Blois, who is interested with
Uncle Jerry Madden in the Izetta mine
and others above Gothic, came in Sat
urday,
Reinhart Holloway came up from
Gunnison Monday, and will begin work
on the Maroon group of claims in Rust
Ter gulch.
G. H. Judd returned from Monmouth,
Ill, Sunday and left Immediately for
Gothic, where he is Interested in exten-
sive mining operations.
The Ruby coal mine resumed opera
tions Monday. This is month earlier
than the mine has ever started before
in the history OF the camp.
:. u u
j. G. Berryhill, president OF the &C.
NJ. & NJ. Co, is expected to arrive in a
few days and make the necessary ar
rangements for starting the Ruby Chief
mine at Irwin.
Chas. Misener arrived Sunday from
Monmouth, Ill. Mr.. Misener is the pro
moter of the Elko concentrating mill
enterprise and is largely interested in
mines in that vicinity
w. Scott Humason, who recently left
the Cripple Creek district to investigate
the possibilities of the North Fork coun-
try, arrived in Crested Butte Sunday,
and will devote his time at present to
developing his mining property In the
vicinity of the Augusta.
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G.. II. Judd and @. o. Misener will re-
model the old smelter at Gothic, and in
stall the necessary machinery and fur
naces for making copper matte. This
is the most important project that could
possibly be conceived for the develop
ment of the mining camps of Gothic and
Elko. Immense deposits of copper are
known to exist, but the cost of trans
portation would not admit of it's being
mined heretofore. This will increase
the production of the Galens mountain
mi ha ~ hnf OF nf
sulphide OF copper, and must necessarily
be matted before shipment.
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1t is now certain that more capital will
be invested in mining in 1902 than in any
preceding year. This statement applies
with force to conditions throughout the
entire world, yet it is particularly ap-
plicable as a truth when applied to con
ditions in the United States. The most
substantial facts in support of this
claim as to an increase of investment in
mining can be CLEANED from the news
columns of the Western Mining World
These columns teen with reports of new
discoveries rich strikes and the expan-
sion of mineral zones, along with the
record of incorporation of companies,
the erection of mills, smelters and all the
auxiliary appurtenances to successful
mining.
Time was, and recently, too, when only
few localities in this country attracted
wide attention or offered inducements to
capital. In those days the Legitimacy
of mining was seriously questioned and
many people regarded the industry in
the light of speculation where chance
was the chief factor TO be depended on
for success. All this has been radically
changed. 1t has now been demonstrated
that large areas in number of the
western states are richly mineralized and
the immense profits derived from mining
by some of the well known companies,
whose operations have been conducted
in business like manner and along eco
nomical lines, have furnished conclusive
ard convincing evidence that the legiti-
macy of mining is established. In con
sequence eastern capital is making
closer and more exhaustive investigation
into the merits of properties, and, not
waiting for the pressing invitation of the
western promoter, is seeking investment
side by side with the western capitalist,
who owes his fortune to success in min
| ing.
The difficulty that unscrupulous per
sons encounter nowadays in marketing
worthless claims has practically driven
this class out of the mining business and
men who own claims in the west are
careful to not Intentionally misrepresent
them, as expert investigation is sure to