Gilpin observer., 1906-03-08

~. Il. oiuAIu, lOTueTly connected WlLf
the Lillibridge properties, has been Sc
cured for manager of the Telluride mil
In West Colorado Springs, recently
purchased by the Golden Cycle com
pany A large force is working to gel
the mill In shape by August 1st when
the cyanide process will have been in
stalled.
The El Paso Consolidated, 1t is said
is willing to make its contribution OF
from $4,000 to 100000 toward the
construction Of the deep drainage tun.
mel at Cripple Creek, and the 100000
OF the Portland company, together
with 100000 by the Findley, Vindica-
tor and Golden Cycle, makes a total
OF nearly 100000 guaranteed, toward
the project. Action is being urged for
immediate starting of the much needed
bore.
The Argentine Central railroad at
Georgetown is delivering three car
loads of concentrates weekly from the
mill near the Wilcox tunnel. The con-
centrator is doing excellent work, and
as soon as track has been laid as far as
the Tobin tunnel, an output of 100 tons
daily is expected. Five new engines
have been ordered along with the other
rolling stock, and all will probably be
delivered by April 1st. In the mean
time, ore reserves are being blocked
out.
The Mary Mckinney Mining Com
pany has issued a call for a special
stockholders meeting to be held at the
local offices on March eth, at which
time Will be considered a proposition
to increase the capital stock from /
100000 to 100000 shares. Decrease
In value OF the ore, 1t Is said, has de-
pleted the companys treasury and the
increased capital stock will be sold to
raise funds. The Mary Mckinney
company, one of the bonanzas of the
Cripple Creek district, has produced
one OF the largest tonnages at the
camp and the dividends which have
been passed during the last two years
were paid for a period of several years
and aggregated nearly s1,000,000.
Probably the reason Colorado can
not get new mining camp is that all
the prospectors are doing SO well in
the old ones they have no time to
spend hunting for new. The biggest
awakening We ever had in mining
came after the depression in 1893
closed down many mines and sent the
yein-hunters out into the hills. Grip
pie Creek called them In from their
hunts and put them to work; 1t has
held the great majority of miners and
Kept them busy every since. The man
who can get the right kind of lease
in Cripple Creek is quite content to
rest his try at fortune with that rather
than take the chances of locating
mine of his own in new and un-
known country.-Denver Republican.
A Laramie, Wyoming, dispatch says:
The Rambler Mining and Smelling
Company. owning the Rambler mine,
forty-five miles west of Laramie, the
only mine producing copper ore in
paying quantity in the county at pres
ent. has reorganized by electing the
following officers: Frank NJ. Wootton
of Madison, Wisconsin, president: +.
c. Sheldon of Shelbyville, Indiana,
vice president: NJ. NJ. Green of Chi
cago, secretary; A. C. Jones of Lara.
mie. treasurer. The company's offices
will likely be removed to Chicago.
The Rambler produced large quanti-
ties of very rich copper ore, but work
was stopped The ore carries plati-
mum in paying quantities. being the
only place in the state where this rare
metal is found in copper ores in paying
quantities.