Gilpin observer., 1905-07-20
NEWS FROM The MINES and MILLS

nounced several years ago, the Amer
lean Smelling and Refining Company
Us dividing percentage of it's profits
with its employees. The men partici-
pating in this distribution are the man.
ayers, superintendent, metallurgists,
chemists, assayers and others who are
In positions of trust and responsibility
and whose work bears a vital relation
to the success Of the company. The
amount to be divided among the COM
pany's employees this year is $500, 900;
of this amount Colorado receives $780,
900.
A Cripple Creek dispatch of July
18th says: One Of the richest ship
ments of ore to leave the district is
now being broken and sacked by
James M. Wright, owner of the Jo
Dandy mine on Raven hill. The lot
will consist of about fifty-four or fifty
five tons. Fifty tons will be screen
1ngs averaging twenty ounces of gold
to the ton. The balance of four or five
tons will be worth $4,000 to the ton,
the value of the entire shipment being
from 100000 to $4,000. The ore Is be-
Ing broken in what is known as the
"bull-pen" in the second level at q
depth OF $50 feet.
The final details for the commence
ment of driving the new drainage tun-
mel have been perfected, and actual
operations will be started within the
next sixty days, says Cripple Creek
correspondent. A. C. Jacquith, engi-
neer in charge, yesterday located the
territory where the portal of the tun.
mel will be. There is no question of
ample dumping room. The new tun-
mel will be close to three and a half
miles long from the portal to the FL
Paso's shaft. 1t will lower the water
TAI feet below the present drainage
tunenl level. Two years or more will
be required to drive it through. The
total cost, when completed, will be
$75O.0O0. The Ell Paso shaft is to be
sunk. as well as an intermediate shaft,
which will permit of four headings be-
ing worked.
Under date of July 18th the George
town correspondent of the Denver
News says: Great excitement pre-
walls tonight at the Waldorf proper
ties over an immense strike which has
just been made in the 7O0-foot level of
rich vein, which gives high values
in copper and carries some gold.
Manager Wilcox has just returned
from the property and says that the
strike was made at the junction of the
Paymaster and Commonwealth veins.
The core OF the vein is eighteen inches
wide and is almost solid copper and
galena. and is surrounded by a large
body of smelling ore. There is two
feet Of ore in the bottom of the drift.
that will return values of $40 to the
ton. A peculiar characteristic of the
ore is that the percentage of gold in
creases with depth.
The Dillon Gold Mining Company, so
M. J. Finnerty, the president, an
nounces. will go on the dividend-pay-
ing basis, paying l cent per share,
amounting to $12,500 quarterly. The
profits are derived from the royalties
paid by the lessees, who have recently
opened up a wonderful amount OF rich
ore. Last month the company paid a
1a-cent dividend, amounting to $6,250,
making it a second dividend of like
amount paid so far this year. The
property is under lease to ]. II. Wa
ters, general manager of the Midland
Terminal, Florence & Cripple Creek
and Short Line roads, and j. w. Price
OF Cripple Creek. The profits that the
lessees are making can best be judged
by the royalties they are paying the
company, and which are being distrib-
uted as profits among the stockholders.