Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1905-01-20
TRADED MEAL FOR
VERY RICH MINE
Story Of aPioneer's Experience
With a Black Hills Gold
Property.
BULLING THE MARKET
a Few Lcssons in "Frenzied Finance
Illustrated With a Discourse en-
the Price OF Corn Meal
in the Camp.

Dcadwood, $. D., letter. There is soon
To be- another dividend paying gold mine
ia the Rack Hi.ls. The Gilt Edge-Maid
company has Just finished a 120-ton cyan
fdc plant east OF this city and II is now
turning out gold bricks Just as rich as
any Ia the Hills. The stock of the com
pany is held by a nuTnber OF Minneapolis
capitalists, who purchased the ground ard
pat mp enough money for the new mill,
The property consist OF tine Gilt Edge and
Dakota Mad mines, two OF the Oldest min
Inc properties in she Black Hills. Thous-
ands Ut dollars hav been spent in their
development in the early days. and a good
maay thousand tons Of good grade ore
haNe been opened up. Owing 70 the great
success Of the cyanide process in the
Black ttills it, is now possible to troa the
lowest grade Gre liz these mines at a good
prout.
Tie former owners Of both mines are
now dead They never lived 10 realize
their dreams OF many years ago. The
Gilt Edge mine was owned for many years
5y Col NJ. IL Day, Il well known pioneer
OF south Dakota and Minnesota. Joseph
King owned the Dakota Maid mine and
spent the best part of his life and q good
sized fortune developing il. The two
mines lie side by side and carry the same
gigantic bodies or ore. They viii now be
worked as one property by the new own
ers
Colonel Day the Freiahter.
Tine Gilt Edge mine has an Interesting
history, which IL still fresh in the memoir
les of q number OF the surviving old
timers in the Hills. Twenty-Five years z
the late Colonel NJ. III. Day owned a
freiglting outfit which piled between sgd
uey and Deaawood, He owned several
wagons ana did a thriying business, bring
ing into the hustling camp of Deadwood
merchandise and other necessities. 1t was
dangerous work TO be sure, for the IN
dams had a special liking for the contents
OF the freighters' wagons and were not at
all adverse TO taking "A shot or two at the
drivers. But il was a lucrative business.
Everything was cash in those DAYS and
some Of the freight charges were exorbi-
tant, even for that time.
Very early one morning Colonel Day
started from sydney with his freight
wagons heavily loaded with merchandise.
The colonel usually purchased most of
his freight. paying cash for il. and selling
10 the Deadwood merchants at prices de-
pending considerably upon the condition
Of the market, On this particular trip the
colonel a purchased "A large quantity of
corn meal. He had heard before leaving
Deadwood that there was a scarcity of
this article In the ann
The trip TO Deadwood was made without
special incident, and early one morning
the Day outfit pulled into the metropolis
Of the Hills. The arrival of a bail train
always was an event Of considerable inn
portance to a mining camp. 1t meant that
fresh provisions, wet goods, and even
tobacco. which perhaps had been a minus
quantity in the camp for several days,
again be obtained, and there was
always news to be gathered from the
freighters pertaining TO the east and 10
thome.n