The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1905-06-09
nj Il n Il NC
IN owHYEE COUNTY
The Banner Group Sold and In
corporated.

COTpOr dtSu.
A deal has been consummated this
week by which a company of local peo
pie have organized stock company
and purchased from r. II Leonard, |
Sr., Mrs. Mary Crete and Fred Crete,
Jr. the we'll known Banner group Of
mines. consisting of the "Banner."
Harmon, r"Star Spaugle'' and "Coffee"
mining claims, located west of Coffee
gulch, on the south side of Florida
mountain. The agreement has been
fully entered into and deed executed
aud placed in a Boise bank, in escrow,
to be turned over to the Banner Min
ing Company, and articles of incorpor-
alton have been drawn, executed and
filed creating the said, The Banner
Mining Company, with a capital stock
Of 100000 shares at SlO0 per share par
value The incorporators who have
each subscribed 81 900 are L. S. Hon
stead, Peter Steele and T. S. Heer all
of Silver City, A. NJ. Schancke of FL
more, Mimi, and John Johnson Of
Neenah, Wis. A stockholders meeting
for the purpose of choosing board of
five directors has been advertised to be
held in Silver City on June "A. Until
that meeting is held Of course, the
officers Of the company will not be Sc
lected. The plan of the incorporators
is to place all of the stock III the treas
ury and offer it all 10 the public on the
instalIment plan, to be paid for in II
monthly payments. The stock will at
once be placed on the market at 10
cents per snare, aud local people, as
well as outsiders will be given an OPP
portunity to subscribe for some on the
foregoing plan in time to get in and
vote at the stockholders netting.
The Banner group has for long
time been considered one of the most
inviting pr perties for Investment in
this camp Many efforts have been
made TO effect deal with the owners
to secure aud develop it, but hereto-
fore without avail. u wish the owners
would let some party take hold of that
Banner group is al. expression often
heard from our miners and business
men. Now the local people all have an
opportunity to get into it to the ex-
tent of their means, on the ground
floor, and to have a say in its manage
ment as well.
-
F M Clemmens, of the Standard
Mining Company, of Denver, exploit
ing the big lead carbonate deposits
opened on South mountain, came over
this week for supplies, returning the
next day. He says the weather has
been so unfavorable that it will be
some days yet before he can begin act
i've work, but we may look for good
deal beiug done over there when they
get things in shape.
~
Chris Farrell, an expert mining pros
pector, who first began his horny hand
ed labor in 1892, in this camp, in Leon
ard 5 MILL has found and located a
mining claim south of the old Stormy
Hill mine. It is reported to be a mar
row veiu but very rich. Chris is ex-
pending the vigor Of sturdy manhood
} on its development and is too busy ii
come down off War Eagle to tell bis
friends Of his luck, which they all hope
may turn out to be immense.
~
William Lacherity has pure hased
from Connors & Evans the John-Bill
) mining claim, on War Eagle This
claim was originally located by East
Austin, who was grubstaked by Con-
nors q Evans. Austin afterwards leav-
ing the country, was advertised ou, Of
(, il and his interest turned over to La
cherity year ago. for representing it
Lacherity has developed it to a
paying proposition, and is confident he
can readily take rich crushing out Of
it.
The Cumberland mill has cleaned up
this week, run of about 100 tons from
that mine, which, estimating from tn,
) amount of amalgam saved aud being
retorted, must be quite satisfactory K
the owners, who are, however, not Civ
ing out the results. The mill is nov
, running Oh lot of So tons from th.
Commoner mine, from which the high
er grade has been assorted and sacked