Fergus County Democrat. [volume] (Lewistown, Mont.) 1904-1919, 1905-11-21
Well known Mining Man of Helena
Says That Chicago Capitalists
are Looking This way.
MONTANA IS IN FOR A BOOM
Eastern Investors Confident of Com
ing Prosperity to Mines of
Treasure State.

Says the Helena Record Of Wednes-
day:
A. w. Martin, the well known min
ing man, returned yesterday from
Chicago, where he has been for four
or five weeks on business come cted
with his interests in the cicinity OF
Helena
The best news l can give to the
people of Helena" said Mr.. Martin to
the Record today, sis to tell them of
the better feeling that exists In the
east concerning the mining business
in the northwest, particularly in Mon
tana. l found that the sentiment has
changed decidedly within the past
year. Butte's output of $31, 900 900
worth of copper alone, Utah produce
ton of 100.0OO,OOO pounds of conner
the large Increase in the production OF
gold-all Of these things have had the
effect of exciting the interest OF the
moneyed men Of the east to such an
extent that they are willing and eager
to listen to any proposition properly
presented to them.
THESE me nand they are prominent
In the financial world, do not consider
that they are taking flyer when they
take up proposition concerning Mon
tana mining properties, but they look
INTO 1t Immediately as a plain, strict
~ business proposition, and You. can
get a respectful considerations from
any of them.
Inc growth of the interest in MIN
ing properties Is shown particularly
by the fact that more than 800 mining
stocks are now quoted and listed in
New York and Boston. as against less
than 100 a comparatively short time
ago.
The fact Of the matter is that al,
of the prominent financial men of
Chicago, New York and Pittsburg are
interested in mining. and many OF
them are placing their interests in
Montana. The new companies in
Butte have associated with them quite
number of eastern capitalists that
a FEW years ago would not consider n
proposition involving properties in the
Dig camp. The decrease in litigation
IN the money centers among men who
are ready to invest their capital in
properties that promise good returns.
round that a good many of the
capitalists are interested in Fergus
county properties, too, and the invest
ors In the east are looking to Mon
taha Tor more sensational Develop
ments IN mining in the near future
than IN any other state of the union.
l was very much surprised on this
trip by the number of strangers I
round who were posted on the devel-
opments at the Whitlatch mine. They
nave been watching the progress Of
mining matters through the newspa-
pers, and one is astonished by the
number he meets who are well in
formed on the Montana mining situa-
ton.
i found in a number of the eastern
papers items concerning the activity
or real estate in Helena and the
growth Of other cities in the state. In
snort, the people of the east are look
ing to Montana and Helena for in
Vestment. to a degree thar world NOT
have been thought possible three
years ago.
Another thing that impressed me
on this trip was the number of Mon
taha people one meets in Chicago. |
There were probably 20 or more Mon
tana people at the Annex while I was
there; in fact, hardly a day passed
without some person from this state |
stopping there on his way to New |
YORK or on his return from the east. |
In truth, the Montana people are more |
progressive in getting around and |
keeping in touch with the east than |
any people I know"
Mr.. Martin says he has one or two
deals on for mining Properties, but
they have not advanced far enough to |
warrant statement concerning them, |
lie expects to return to Chicago with
In three or four weeks