Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1904-03-16
EASTERN MEN
INTERESTED
r.. e. Lee Townsend Doing Much To
wards the Development Of Fer.
gus County Mines.
MORE CAPITALISTS ARE COMING
A Private Car viii Bring a Large
Number Of Bankers and Bust
ness Men Here In June.

II can be safely said that the min
ing interests of this county were new
er in as flourishing a condition as
they are at the present time, and the
future prosperity of our mining camps
is bound to attain wonderful proper.
ton within the next few years. 1t is
well known that we have had marked
success during the past five years in
producing gold bullion by the cyan,
ide process, but at the same time the
real boom has just commenced far
into the Judith range. One year age
Mr.. r. Lee Townsend. of Denver,
Colo, a mining man of unusual abil.
ity, was attracted to this district
through the glowing reports of miners
who told how large bodies of gold.
bearing ore were being discovered
and milled by the cyanide process,
Mr.. Townsend decided to pay a visit
to this locality. He came here and
made a thorough examination of our
mineral resources. and. being deep.
ly impressed with the conditions
here, he returned to Denver and sold
out a part of his mining interests
there. Returning he decided to cast
his lot with us.
Mr.. Townsend entered into active
operations in the Cone Butte district
and invested his money with such
wisdom, that he soon attracted at
tention in the opening up of several
large mines. Thoroughly convinced OF
future success he went east to oh,
tain capital to build cyanide mills
and develop his discoveries.
His trip east resulted in the forma
ton Of four companies as follows
Tie Townsend Mining Co., the Lee
Star Mining Co., the Little Hazel Min
ing Co., and the Reliance Mining Co
The above companies are in active
operation in the Cone Butte, employ
ing large forces of men under Mr.
Townsend's management, and are
proving large producers.
Mr.. Townsend, not satisfied, wen
east again last December and formed
the Cordilleran Development & Finan
cial company to further his plans
This company has offices in Chicago
and intend to place several millions
of dollars of capital in Fergus coun
ty to further develop the properties
here.
The company has a capital of $40,
000, 900 and the good will of man,
| prominent men east. Among the east
ern men interested are Captain II. II
Reed. OF Boston, Mass: DIR. w. G
Harding. of Detroit. Mich. and MI
A. c. Cooper, of Chicago, III. There
will be an office established here II
Lewistown. This Development & ri
nance company will no doubt prove q
great boom for the Judith range. ant
Mr.. Townsend is congratulated for hi:
far-sightedness in placing the effort!
Of this company here in our midst
which means much to our county.
In an interview with Mr.. Townsen,
Monday as he was leaving for tn,
Cone Butte district with Mr.. Mer
sham, OF Hartford, Conn. and S. S
Stebbins, of Springfield, Mass, tw'
capitalists here upon a tour OF in
spection. Mr.. Townsend said that dur
ing the month of June next he will
bring into this district a private ca
made up of eastern capitalists an,
all prospective investors for this 10
cality.
Capt. H. II. Reed, DR.. w. c. Hard
ing and Ackland Sitting returned SAT
urday last to Lewistown with Mr.
Townsend. having spent a week look
ing over the properties OF the Ken
dali, Barnes-King, Gold Reef and Chi
cago & Montana Mining Co.'s and sew
eIal of Mr.. Tonsend's properties
They were much impressed with wha
they saw, having taken a deep inter
est In both the mines and mills.
Mr.. Sitting returned TO Detroit Sat
urday, having made negotiations TO
an interest in one of Mr.. Townsend
properties. Capt. Reed and DR.. Hard
ing will remain with us a week Ions
er.
Let the good work go on, Mr.. Town
send. you are a hustler.