Durango semi-weekly herald., 1904-08-04

TUNNEL
SCHEME

D. p. Ritter and Mark Walser, who
have been working for some time to
interest capital In their big tunnel
scheme, inform the Herald that their
efforts have met with success.
Mr.. w. IL Anderson. Denver min
Ing man. spent four days here looking
over the situation and examining the
properties which the tunnel is TO
pierce. Mr. Anderson's examination
was made on behalf of himself and
friends In Denver, St Louis and Chi
cago. and he was so well pleased with
conditions as he found them that he
fore leaving he hasfened TO complete
the initial steps toward organizing
stock company and authorized Mr.
Ritter to go ahead and let certain con
tracts
As stated by Messrs. Ritter and Wal.
ser. new company will be incorpor
ated with capital stock OF one mil
lion shares of the par valne of 81 per
share Practically all the stock is al
ready taken. or parties have agreed to
take II, conditional upon a favorable
report by Mr.. Anderson.
Mr. Anderson was very favorably
impressed with the advantages for
profitable mining in that district He
readily recognized the great draw
back of excessive transportation
charges by which the district has al
WAYS been handicapped AS this com
pany expects TO sell the Neglected
company the right of way TO work
through their tunnel Mr.. Anderson
was Interested in knowing something
of that mine. He visited the property
and after careful examination pre-.
dicted a great future for 1t. dating
from the time of cheap transportation
of ore such as the new company pro-
poses to give it,
Briefly speaking, the plair.. OF the
new company are to run a large tiin-
mel distance of about $500 feet 10
cnt the Londonderry, Neglected and
several other veins; TO build tram
way from the mouth of the tunnel to
Hermosa Greek a distance OF two and
quarter miles: later on, when suf-
hcient quantities of ore have been
opened up. to build a mill on Hermosa
cheek at the end of the tram, and to
install electric power for running the
drills.
The company IS separate and dis
tinct from the Londonderry company.
The name Is not yet chosen for the
new company. They have three
claims besides mill site. They have
already tunnel In 500 feet This
will he widened so as to make II six
by seven feet In the clear, which is
wide enough to permit of a double
track The tunnel Will run through
the Londonderry group, through the
claims owned by the company. and tap
a number of other claims having good
veins. and will finally reach the Ne
elected
great number of claims will be
able to work through this tunnel. and
the toll paid for the privilege Will be
tunnel projectors.
The greatest depth reached will be
200 feet and the hill will be drained.
II is estimated that ore can he
brought from the mouth of the tun-
mel down the tramway, then by wa
gon road n dsance of three miles to
Hermosa, and then by rail to the
smelter in Durango. at a cost OF 81
per ton. The Neglected has been pay
ing s12 This would enable the Ne
elected TO save $40 a ton on traHspor
tation charges alone.
d. p. Ritter will he In charge Of af-
fairs here. Mr. Ritter Is now prepar-
ing to let some contracts and get In
shape to commence operations.
The Incorporation papers will be
filed in a few days.