Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1905-10-24
WHISKY GULCH
PROPERTIES
New Company Takes Over q Large
Number Of Claims in That Sec.
tion Of the District.
WILL SOON RESUME OPERATIONS
G. c. Bragg, the Cincinnati Capitalist,
10 Interested In the New Deal
John ]. Bullard Returns.

The tangled affairs Of the Chicago
Gold Mining company, which formerly
operated the Whiskey Gulch mines,
are now in fair way to be straight
ened out, and it is expected that ar
rangements will soon be made for re.
suming work on these properties. This
will add greatly to the mining activ-
ity of this section, and materially in
crease the gold output of Fergus coun-
ty.
AS is we'll known, the mines were
shut down some months ago because
the company failed to meet it's pay
roll and other current expenses,
amounting in all to something like
$25,0O0. Attachment proceedings were
instituted by the miners, and from the
proceeds of the amalgam then in the
mill, a portion of the amount due was
paid off. President G. M. Nelson has
since been working to find means for
settling all the claims, and while it is
not stated positively that he has sue
ceeded in this, it is believed that the
claims will soon be paid, as Mr. Mel
osn has announced by wire that he will
be here at once.
New Company Formed.
The Central Montana Mines COM
pany, owning large number of claims
at Whiskey Gulch and in that vicinity,
has just sold to the National Finance
E. Securities company it's entire hold
ings. The consideration is not stated,
but the company at once put on rec
ord a mortgage to G. G. Bragg, a Gin
cinnati capitalist, covering all these
properties, the loan amounting to $780,
900. Mr.. Bragg is we'll known here.
He is or was the head of the school
book trust, and is very wealthy man.
Long ago he took a mortgage on the
milling plant at Whiskey gulch, so that
part of the property is not tied up in
the attachment proceedings. The
claims conveyed, and upon which Mr.
Bragg has mortgage, number about
20, in addition to valuable water rights
and an 80 acre tract of land near Whis.
key gulch which is an important factor
in the economical and successful op.
GRAFTON of the properties. The claims
conveyed include the M. o. S., Yellow
Bird, Turk, Cloud, Myrtle, Left Over,
Sultan, Extra, Spring, Hillside, Plum.
Peach, xchange, Tribute, Express, An.
mex, Knox, Gold Quartz, Gold Dollar,
Moshner, Cliff and Waldo Emerson.
The New Company.
The National Finance & Securities
company is organized under the laws
of Arizona, and it's principal place OF
business is at Phoenix, in that ter
ritory. 1t is capitalized at one mil
lion dollars, with 100000 shares hav
ing a par value of IS each. The men
who will serve as the company's
directors until the first annual
meeting to be held on the second Tues
day in January next are G. c. Bragg
and G. M. Nelson. The officers are
G. M. Nelson, of st. Paul, president;
c. c. Bragg, of Cincinnati, vice presi
dent; w. E. Braundall, secretary, and
c. c. Bragg, treasurer.
The articles of incorporation, which
have just been filed, provide that the
highest liability that can be incurred
by the company is 100000. The pri
vate property of the stockholders is
exempt from liability for the debts o1
the corporation. Mr.. Nelson has con
veyed to the company for stated con
sideration of 81, the Gilt Top and Bos
ton claims, at Whiskey gulch.