The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-21
TWO BLACK: HILLS
MINES TO MERGE
HIDDEN FORTUNE AND THE COL
UMBUS IN A DEAL.
Both Have Been Idle for Financial
Reasons, but the, Way Now Seems
Open for Resumption on Scale that
Augurs Success-other Mining News
from the Hills.
Special to The Journal,

Special to The Journal.
Deadwood, s. D., Sept, 21.-The consolidation
of the Hidden Fortune and the Columbus Mining
companies Is now practically assured A.. .
meeting held few weeks ago the stockholders
OF the Hidden Fortune ratified the proposition
Tor consolidating, and at meeting held at
Denver the past week the stockholders in the
Columbus took similar action At the In tier
meeting over: 1900, 600 out of the 900 900
shares OF stock were represented, and there was
no dissenting voice on the question of merging
Inc deal probably means that both properties
Which have lain idle for some time for financial
reasons, will be operated once more. The CAPT
tai stock of the Columbus will be increased from
100000 to 100000 shares, and the additional
S.oo1,voo VIII De distributed among the former
stockholders in the Hidden Fortune In, addition
a q per cent bond issue of $500, 900 will be
authorized, and H. ]. Mayham of Denver states
that he is ready to dispose of $3.50, 900 worth Of
these bonds at once. -. ....
Some Of these bonds viii go towards paving
the debts Of the Hidden fortune, and the rest
20 financing the new company. It is the tnten-
lion to renovate the old mill belonging to the
Hidden Fortune to move" it to the company
grounds and ito commence treating ore from
poth properties at an early date.
In regard to the assessment levied not long
ago Dy the Hidden Fortune, those stockholders
VINO paid Will receive stock in proportion, altho
all OF the stockholders will be cared for -
CUSTER, S.. D.-The New York mica mine
winch Is being operated by the WESTINGHOUSE
electrical company In connection with its mica
factory at this place, has Just received con.
alignment of new machinery which will be put
in place at once. '"
The annual meeting of the Ivanhoe Mining
company will be held at Keystone tomorrow. It
will be Of especial Importance, as the ledge
Tor which the company has been drifting has
been encountered and this will necesstate ex-
tenslVe plans for the coming year.
GALENA, S. D.-The management Of the
Golden Crest Is having electrical machinery in
stalled. including motors for the mill. An cleo
tric hoist, an eight-drill compressor and other
machinery are in process of installation, and 1t
Is planned to have the plant operating with the
new power by the first week in October. ..-.
When these changes are completed there will
be no plant in the Hills which will have d
more complete electrical equipment than the
Golden Crest. The hoist will be fifty horsepower
IN the mill for the stamp thirty, the one for
the crusher twenty, and the pumps alone will
require twenty horsepower.
horsepower motor will also be in
stalled for driving the big ventilating fan at
the mill. Work In the mine goes on steadily.
and a drift is being run to catch the main ore
body on q lower level. The grade of the ore
continues unusually good averaging from SO
to SIS a ton. Z..-.--,-.. - ..
ROCKFORD, s. D.-Eastern men have taken
an option for twenty days on the Golden West
property, and are operating the mill under the
terms of the option. If the run is satisfactory,
the deal will be closed and the buyers will
come into possession Of the ground in short
time. - = ~ :
The prospective owners represent large capt.
tai, and the plan is to merge several adjoining
properties with the original Golden West The
work done this summer to the eastward Of the
original workings has proved the ore bodies to
be much more extensive than formerly thought
There Is an immense body Of low grade ore,
which has been worked with unusual economy.