The Parma herald. (Parma, Idaho) 1903-1917, 1903-10-17
NEWS OF IDAHO
Items Of General Interest Gathered
From All Over the State.
COMMERCIAL AND FINANCIAL D0INdS
4 Brisf Rsvisw Of Inprovsmestss Growth
ss< DSveIor.sst AIo.r All Lines
Thrsxessut Oar State.


The American National Bank of Ida
no Falls has been authorized 10 begin
business with $25, 900 capital.
pleted and Rexburg will be lighted up
with electric lights about the 18th OF
this month.
The Cariboo gold and copper mining
purpose of carrying on gold and cop
per mining business has filed articles of
incorporation. The principal place of
business is at Idaho Falls, and the
amount OF capital stock is 81, 800, 900.
Articles of incorporation have been
filed with the secretary of state by the
Occur d'Alene & st. Joe Transportation
company, limited, organized for the
purpose of carrying on 4 general trans
portation business. The place Of prin-
cipal business is at Occur d'Alene.
The amount of capital stock is $50 900.
The workmen on the Summit tram
way are hauling the last spool of the
inch and half cable up the hill. 1t
is expected that all the heavier cable
will be in place on the towers within
the next two days. 1t is expected the
first grain will be transported over the
tramway within two weeks. There is
now about 200, 900 bushels of grain in
the Summit warehouses.
On the east fork of Deer creek, Clar-
ence Eddy and associates have made
another discovery of ore in ledge 80
feet between walls which shows not
little free gold, with the valuation run
ming as high as $3.50 per ton, while in
the same locality Charlie Webbs and
| Richard West have encountered ore
that reaches valuation of 81 900 gold
per ton. The owners are now INSTALL
ing shelter and will continue develop
ments through the winter.
Mrs. George f. Spencer, of Boise,
has taken a bond on the Isabella group
in the Placerville district, and started
development work last week, with
three miners. The vein which crosses
| the property has been crosscut by a
tunnel at depth of 200 feet, and drift
ing on the ledge is now engaged in.
The group has been pronounced among
the best properties in the basin by COM
petent experts, and ought to develop
into paying mine. Mrs. Spencer is
prepared to spend some money in ex-
plotting the vein, to see if the values
are uniform and exist to profitable
extent.
The Ford Creek Lumber company is
pushing work on its new dam across
Ford creek, short distance below the
falls and about seven miles above the
mouth. The dam is of the apron pat
tern and is 81 feet high. The COM
pany now has over 80 men at work on
the dam, and expects to put on more
men as soon as they can be obtained.
The dam is built at the narrowing of a
little meadow, about Is rods wide and
a half mile long, and the dam is de-
signed to back up the water for log i'm
pounding purposes. 1t is the reported
intention of the company to erect its
sawmills at this point and transport
the lumber from the mills to the rail-
road, seven miles below, by means of a
V fiume, the water being taken from
above the dam. The building of this
fume and the construction of the COM
pany's sawmill and not be undertaken
until this winter or next spring.
Thomas B. Coe, general manager of
the Nampa mining company, operating
the Magnolia group on Miller noun
tain, is in Boise looking after the ship
ping of machinery to the company's
mines. The machinery which is now
mill, 16-foot lathe for the machine
shop, an outfit for blacksmith shop,
and other machinery which goes with
the practical operations at a mine. A
dynamo has already been sent in to op-
crate the machinery and which will
also furnish light for the mine and the
various works and shops which are be-
ing installed. Everything is of mod
err design and when placed in position
viii be one of the best equipped mines
in the state. The Magnolia group has
been making fine showing, and Mr.
Coe has every confidence that when the
mine is fully equipped with the ma
chinery now being sent in it will prove
one of the big producers of the state.
Mr.. Coe is an experienced mining man
and he would not be putting his COM
pany to the expense of installing so
much machinery il he was not conf
dent that the development work did
not justify the expenditure.