Gilpin observer., 1906-06-21
VISIT OF THE
M|LL|0NA|RES
Come From The East to Inspect Properties
Of The Fifty Gold Mines Company With
Intention Of Investing.
WELL PLEASED WITH PROMISING CONDITIONS

AOaNoJ aASAhAh6 q cPCSioi
posed of one baggage car and three
coaches, besides the engine, pulled into
Black Hawk, bearing party of eastern
capitalists, numbering in all about
eightfve. The object Of the visit of the
men, who are reputed to be the owners
and controllers OF 530O,OOO,OOO worth of
money and securities, was to investigate
the mines OF the Fifty Gold Mines cor
poration, possessing a group of fifty valu
able claims, located between this city
and Black Hawk. If their inspection
revealed condition Of facts as repre-
sented by Chas IL. Jones, stock broker
Ct New York, who was instrum sntal in
getting up the special train which con.
veyed the moneyed men from various
sections of the eastern states, they are to
subscribe for 81 100000 OF the preferred
stock of the company. Six hundred
| thousand dollars of this amount will be
the purchase price of the group of mines
and the remaining 100000 is to be used
as working capital, to develop the
! famous Gregory, Bobtail, Fiske, Cook
and other properties included in the
holdings of the Fifty Gold Mines com
pany.
The Fifty Gold Mines special, as the
train conveying the eight five millionaires
was named, reached Black Hawk Mon
day morning shortly after 1870 o'clock.
The visitors were met by a committee of
sixteen from the Chamber of Commerce,
who boarded the train and rode with the
capitalists to point near the shaft
house of the Cook mine where the train
was stopped. After alighting from the
cars, the guests were conducted to the
bottom of the Cook shaft, which is 1857
feet deep and were given an opportunity
OF inspecting the underground workings.
The visitors were shown the exposed
veins and slopes Of the Fiske, Mammoth
and Bobtail, containing untold wealth in
gold and silver. Shortly after noon the
visitors were hoisted to the surface
where lunch was partaken of.
After lunch, the machinery and top
buildings Of the Cook and Fiske mines
were inspected. The guests were then
lowered to the Bobtail tunnel and were
transported on the trolley through Greg
ory and Bobtail hills to the mill Of the
company in Black Hawk. An inspection
was made Of the mill and surface prop
erty, the visitors being shown the pro-
cess Of cleaning the plates OF amalgam,
the gold in the crude amalgam, retorts,
etc. Before starting on the tour of in
spection each Of the guests was given
copy of the printed itinerary and we're
requested to Ask the guides any ques-
tions that would occur to them, being
frequently reminded that there were no
secrets which the company wished to
conceal.
After completing their inspection, the
easterners amused themselves in Black
Hawk until leaving time of the train.
All enjoyed the grandeur Of the magnifi.
cent scenery which surrounds Central
and Black Hawk and frequently express.
ed their appreciation of the scenic trip
over the switchback. The visitors left
for Denver after four o'clock and left
there the next morning for Colorado
Springs for brief stay after which they
returned to their homes in the east.
The party OF capitalists was composed
of men OF wide acquaintance nationally,
and men whose wealth ran up into the
millions. They we're most congenial
set and after attending to the business
for which they visited the county, we're
all willing to indulge in good time. The
citizens OF Gilpin county enjoyed the
visit Of the distinguished gentlemen to
large extent, and the visitors likewise ap.
peared delighted with the people Of Gil
pin county, their mines, scenery and hos
pitality.
Whether the inspection OF the proper.
ties OF the Fifty Gold Mines corporation
by the eastern party will result in their
investing money in the project or not, Of
course, is not known at the present time
1t is understood the capitalists were to
visit the mines, look into the proposition
thoroughly, and IL it had not been mis-.
represented they were to put up the
money necessary to develop the group.
According to the expression Of the gen.
tlemen they were we'll impressed with
what they had seen and were surprised
to learn that the project lad not In the
least been exaggerated, but IL anything
had been underestimated. II the east
| ernere will advance the money within N