Troy weekly news. (Troy, Idaho) 1897-1933, 1907-01-25
MINING NEWS.

Dennis Clark and James Cronin, two
100000 bond on the Queen Vic
toria group of claims, which lie about
SIX miles from Nelson, B. c.
The miners federation convention
has adopted a resolution criticizing
the governors of Colorado and Idaho
for what they termed the unwarranted
prosecution of Meyer, Pettibone and
Haywood. The resolution declares:
1T is not the intention of the courts
OF luaho to give the accused a fair
and impartial trial. Their extradition
was contrary to law and covered by
fraud, which disgraced the jurispru-
dence of The people,"
a robber recently stole a box con-
tanning $4,000 in gold bullion bound
for the San Francisco mint, from an
express truck at Barstow at o'clock
in the morning The bullion, with
much other express matter, was being
transferred from the westbound train
at Los Angeles to the San Francisco
train.
The convention of the United Mine
workers of America adopted the report
of President Mitchell and refused to
concur in the report of Vice President
Lewis. President Mitchell Endorsed
the action of the last convention i'll
allowing miners to sign agreements by
districts Vice President Lewis had
taken the opposite position.
The Velvet Mining company, pur-
cnasers of the Grant group of copper
|
of Chesaw, Wash, is meeting with
great encouragement with the develop
ment and exploration work now being
carried on at the property. Manager
McPhee was down from the mine a
short time ago and reports a strike
Of native copper in the location work
ings.
About ESQ men have been thrown out
of employment by the closing down
of the Bunker Hill & Sullivan mine.
The mine was compelled to close on
account of being unable to get cars
to remove the ore. All the ore bins,
shoots and storerooms are full and
there was no means at hand of hav-
! ing any of it removed and every avail
abe inch of storage space has been
utilized.
Official figures have just been made
public regarding the output of the
CRANKY Consolidated for the calendar
year 1906, and show the company
shipped from it's Phoenix, B. c., mines
during that time % per cent, more
ore than in 1905, and about 40 per
cent. more than during 1904.
Late advices from New York say
Irh loxy Of he.
Boundary, B. c., has during 1906 earn
cd approximately $2,13J,7oO net, or SIS
on each new share, par value $500.
During the year four dividends of
per cent each were declared, calling
for the payment of s1,620,000, leaving
$51O,7S0 either for new construction
or to be added to the surplus account.
Net surplus on June 80, 1906 was ST.
547,79S.
1t is said the Pacific Coast league
will meet invasion by invasion and put
a team in at Spokane and Vancouver
as an opposition blow To the projected
expansion of the Northwestern league,
which is now figuring on Seattle.
The Dominion Copper company has
decided to remove the Office of the
company from the snelter at Boundary
Falls 10 Greenwood. The amalgama-
ton of the British Columbia and the
Dominion Copper companies had been
projected can not be confirmed.
A newly organized Butte mining
stock exchange opened formally or
Monday morning.
A good strike is reported from the
Old Germany mine on Copper noun
ia n, southeast of Chesaw, Wash,
Which property is ownt principally
by Spokane men.
The mother lode" of Last Chance
gulch now Main street of the capital
city of Montana, and which yielded a
sum estimated at $4,000, 900 in gold
tI. early day placer miners, has ap-
parently been discovered in the prop
critics of the MISUNDERSTANDING com.
pany three miles south of the city
The mine, which is known as the
Spring Hill, has been operated as a
iuXing proposition for the Butte
smelter Of the Pittsburg company. In
this manner the property was quite
thoroughly developed.
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