The Idaho Springs siftings-news., 1906-12-29
A MONSTER MILL FOR GEM

OF vast i'm porance the mining industry camp
the sale of the properties of
panv which completed Monday
mas day by William + Renshaw who recently from
the where he has been arranging
Mr. ReIshaw of this city and John H Galley James
Guey two of the largest individual oil operators in the
world were the three of the Gem and these
gentlemen all retain large interest in the
the formal transfer of which will take place within
week en davs.
The Gem Consolidated Mine. company which will take
the holdings has been incorporated with capitalization
OF under the laws of Colorado and will file articles
OF poation with the and officers
week The wealthy Ptsburg,
Pa capitalists who will provide funds the
mendatons of mining engineers, who with large corps of
assistants recently completed exhaustive examination
the Gem properties.
The officers company are:-John Galley Pitts
burg, PRESIDENT William f. Renshaw, Idaho Springs
president and general Guy c. Idaho Springs
assistant general W. Watson Pittsbug secretary
The board of directors consist John
Galley, James NJ Guffey W. Watson and A. NJ. Queen, Of
Pittsburg; Henry Clifford New York City; Congress
man Elect Warren A H"sgo,t and William E. Renshaw, of
Idaho Springs. The of the board will
consis, of Mr.. Galley, Mr.. Renshaw and Mr. Clifford
Mr. Watson Pittsburg, the attorney who called
oy President Roosevelt time to assist the settle
ment OF diplomatic Implications i'll which he emnenty
successful Mr.. Henry B. Clifford is the we'll known Wall
banker and stock broker who financed the Greene Con
sodated Copper and other large enterprises Mr.
Clifford spent little the Ger
ties during the summer ard after his departure number of
mining engineers engaged for several months thorough
ly amping II doing experts
pies every few feet in the miles
ground workings from below the level of the Newhoue
mel the surface OF Seaon mountain One of these
mining engineer Of world recently stated in Chca
60 he considered the Gem of the six greatest
prpertesn the world and that from above the Newhouse
tunnel level there nearly thirty million of
sibe of which could be pohtaby handled under proper
conditions.
The properties included in the transfer consist of the Gen.
Main Trunk West Fe Max, Extension, F,ieda r.
Enid, Gro Fno Freghters Friend Amy c., Grantham Guy
Washington Summit and Grand Trunk, all well knwn
and other odes Seaon mountain, ptrto which
with Newhouse tunnel depth Of feet by
shaft and The combined production of claims in
this estimate The
Newton Newton Annex concentrating mills in this city
and teams included also the water pow
plant miles below city Several miles of
devel ped rights Clear Creek which be uti
zed develop OF horse power and number
timber land will the corporation.
While definite OF the plans of the
made known that the erection of
900 ton mouth of the Newhouse tunnel
the immediate future This mill will be capable
successfully treating and all grades Of
absolutely automatic possible. The mill
will be operated companys electric plants all
this to be the
method. Their plants will have ample
adequately take of their and
ly increasing lighting power and heating business in this city
and vicinity.
is estimated that arrangements can be
need force of and five hundred miners
will be given constant employment in carrying
gigantic enterprise which will mean much to the
future of Idaho Springs