Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1904-03-30
Among the Mines
Devoted co the Large Min.
in6 Interests OF Fergus
County General Notes.
Mining Men Leave for Home.

Captain H. H. Reed. OF New York
City, and DR.. W. c. Harding, OF De
troit. after spending three weeks In
this city and vicinity looking over
some mining properties with r. z. L,
Townsend and associates, left Mon
day morning on the Great Falls coach
for the railroad. From Great Falls
they will go to the coast for a few
weeks and then return to their east
ern homes. During their stay In this
city the captain and doctor made
numerous friends who regretted to
see them leave. Both are whole
souled, genial gentlemen and, though
born and raised in the east, under
stand thoroughly how to make them
selves solid with western people.
They were both much impressed with
this country and showed their faith
in the future mineral development of
Fergus county by investing several
thousand dollars In various proper
ties. They have bargained for sew
eral bonds which will be taken up
IL the development. which will be
started at once, justines. They, in
company with a car load Of their
friends from the east, expect to pay
Lewistown and the adjacent mining
camps another visit in the summer.
Captain Reed and Doctor Harding
came to Lewistown upon the repre-
sentation of R. E. l.. Townsend. in
whose knowledge Of good mining
propositions they have the most i'm
plicit confidence. He accompanied
them to the railroad and will be gone
from the city for a few days. Mr..
Townsend has at his command the
means and the energy 10 do some Ell
fective prospecting and fully expects
to open up something good before
winter falls again.
The stockholders of the Kendall
Mining Co. last week received their
regular monthly dividends amounting
to five cents a share Of SIS 600 in all.
Because of adverse weather condi'
tions, February was the poorest
month the company has had in a
wear and a half, nevertheless the reg
ular dividend was declared and the
month of March promises to show a
large increase.
Last week H. H. Lang and Charles
d. Allen. of Kendall, bonded to j. E
WATSON, of Gilt Edge, the Springer,
Lookout and Hillside lodes, located
south of the Kendall group in the
North Moccasin mountains. The bono
was for $4,000, two hundred dollars
of which was paid down and the re
mainder to be paid in two install
ments, the first of $4,000 on or before
June LIST, and the second installment
of s4,8OO on or before September l,
1904. Mr.. WATSON then bonded the
same claims to w. C. Harding, H. II
Reed and r. E. l.. Townsend, the con
sideration given being $4,000, OF
which &c. 200 was cash in hand" and
the remainder to be paid at the same
times and in the same amounts as
were specified in the hrst bond. TIT
second bond further specifics tina
Reed, Harding and Townsend shall
before September LIST, organize a min
ing corporation with a capitalization
not to exceed $500. 900. Of which $500,
600 of the stock shall be set aside
as treasury stock. They shall also
deposit in the Judith Basin bank tt
the credit and in the name OF c. ID
Allen and H. H. Lang. two certificates
of the capital stock OF the compan!
so organized of the value Of $5O,OOS
each.
DR.. S. S. Stebbins. of Springfield
Mass, and Mr.. Mershon, of Hartford
Conn. who came to Lewistown Il
look over some of the mining proper
ties which Lee Townsend and Floyt
Hazard have been locating, left FRI
day on the Fort Benton coach for Tho
railroad on their way to their homes
They expressed themselves as high
ly pleased with this country ant
prophesied a great future for the min
ing industry in Fergus county. The!
made some investments while here
and fully expect to revisit this cit,
and county at an early date.