The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-27
A TWIN CITY ENTERPRISE.
A Mining Company Holds an En-
thusiastio Meeting at the Com
mercial Club. q.
A Banquet Is Given BY the Stock
holders Of the bonanza Queen
Mine.

G. 2 = u 81
The Commercial club was the scene
last evening Of a reception and INFORMAL
dinner given by the Bonanza Queen Min
ing company to M. Herbert Lang M. f..
of Oakland Cal, It's consulting engineer.
About fifty guests and members of the
company sat down to dinner and after
refreshments listened to Mr.. Lang and
Superintendent Richard H. Herhold as
well as remarks from Judge A. NJ F1ar
.rison, DR.. 2. "A. Hutehins, Judge Emery,
T.. F. Warner and others. AZ President +,
D. Boutell made an address In the nature.
of a summary Of the company $ af1alrs
which are In q, very satisfactory condl.s
ton. Plans for the future financing OF,
sheartiest cooperation OF all was prom
ised
This is the property so well and favor
ably known turnout the west with which
the late Senator D. F. Morgan was so
closely connected
The address Of President BouteH IS full
of interest andiis a careful resume OF the
company's affairs. Those who have ex-
ahmed the property give the most glow
ing accounts of It's richness and value.
The stockholders include many OF the
most prominent men of this city and st:
Paul, among them Reuben Warner and
hts sons, Eugene F., and Sidney A.,
Messrs. Gordon Of the Minneapolis Dry
Goods company, p. D. Boutel and sons,
Judge A. M. Harrison, DR.. e. A. Hutch1ns,
James Marshall, g. T. Wa1nman' GeoIge
D. Emery and others The offices OF the
company are at No. 41s Andrus building.
The following is the address of president
Boutell, the facts stated therein pe1ng
fully substantiated by the other speakers
all of whom have personally seen and ex-
anined the property.
Gentlemen: -
The sudden demise Of Senator p. F..
Morgan the! organizer and president OF
the Bonanza Queen Mining company,
came as severe personal loss to all OF
us associated with him In this enter
prise
Mr. Morgan had been for many years
engaged in systematic search for re-
liable and valuable mineral deposit which
could be developed into one of the great
wealth producing mines Of the world. He
realized that to a man Of moderate means.
mining is the only business that offers
the opportunity. to acquire. In brief
space Of time, large fortune. and that,
too. without any other man becoming one
Ecent the poorer thereby.
In October 1901, after years Of patient
ksearch, he learned Of the Bonanza Queen
group Of claims, then held by the three
original tors, situated on the far west
ern slope Of the Cascades In Snohomish
county, Washington He personally in.
spected the property and with the assis-
lance of r. Fl. Herhold, q. thoroly compe-
! tent expert. carefully sampled" the vein
i as disclosed by the out-crop and pros
pectors workings. The most approved
methods Of ''sampling" We're employed
and the average result Of three distinct
and complete samplings was 4.s PEI
cent copper and $3.50 gold and silver per
| ton, an aggregate value Of $500 per ton
This was a remarkable showing, consider
ing the fact that such great mines as the
5IHomestake and the Calumet & Hecla have
paid millions in dividends from ore run
ming less than So per ton. He at once or.
/ ganized the company and proceeded to de
velop the mine A six drill compressor
was soon installed and a cross-cut tun.
4 mel driven to cut the vein, at depth o.
l 1870 feet below the apex, at a point which
would afford the best facilities for quicl
and economical working. This tunnel has
cut the vein. after passing thru 1850 fee
Of country rock, and now discloses true
assure vein 1873 feet wide at the point o
intersection. From this point an upraist
is being driven to open the vast ore bod
les which lie above and drift is being
run southwark on the vein for a ltk'
purpose, and the work OF preparing tn
mine for production is being driven a.
fast as possible. Meanwhile complete
official survey of the ground has beer
made-the United States patents apple,
for and the receivers Anal receipts OBJ
tanned for seventeen lode claims and tw
mill sites; eight placer claims Of twent.
acres each have been located thus pro
v1ding ample surface ground for conven
lent works. A water power Of 5000 horse
power has been secured, a railroad switcl
put in upon the property and everything
done that could further rapid and econom
ica1 development r. H. Herhold who ha
had twenty-five years Of practical ex
perience In such work. has been In charg
as superintendent and the result
achieved are the best testimonials to hi
Z industry and skill.
a standard authority, was early consulte
l by Mr.. Morgan and made a careful an
) thorough examination Of the property. MI
Lang pronounced it a most valuable one
> and his advice has been at all times sough
and followed in its development. Nj
Lang's~ presence here tonight is mos
: welcome and will be the means Of bring
1 ing us all in closer touch with him an
!. with this great work.
The time is approaching for d mo.
7 important STEP With his usual foresigl
z Mr.. Morgan had already begun negotis
> tions for financing the property in q wa
: to enable us to complete and put in opel
alton a suitable reduction plant and ful
nish the needed capital for working tt
il mine. His untimely death has interrupte
n these plans and adds common and PEI
sonal interest to the sorrow with whic
we contemplate his loss. It Is my pu
Z, pose to take up the work where he laid
- down.
"a In assuming, as have done at the r,