The Ketchikan miner., 1907-10-12
MINING MOVES
What Was, is Now, and Destined to BecOne..A Brilliant Future
 Awaits Work of Development
(From Mondays Daily)

(From Mondays Daily
 J. s. Beasley the owner of the group of six mineral locations adjoining the Lookout group which is under slease to the Niblack Copper company, and upon which there is large surface showing of ore, will go to Niblack to- morrow taking with hlm powder and men for the purpose of making the annual expenditure which the law re- quires.
 Ketchikan business men and people generally, were quite genuinely sur- prised when yesterday morning it be- came generally known that the Had ley mine and shelter had been thrown into the hands of a receiver, in conse- quence of which operations had been wholly suspended. At this writing nothing positive is known concerning the matter, except that a gentleman named Bausman, a Seattle attorney, has been named as receiver in behalf of the Seattle creditors, and another person for New Jersey, under the laws of which state one or more of the associated companies was incor- porated The announcement through the posting of notices, appears to have been in the nature of complete sur prise to the local management, who like the creditors here are all at sea as to the why's and wherefores of the affair. Until better informed on the subject The Miner must content itself with the mere announcement of fact calculated to have a most depressing effect upon the mining affairs of this particular setion.
 (From "Wednesday Daily)
 W. c. Freeburn, manager of the Mt. Andrew mines, who las been in town for day or two, received cable or der last night to suspend all opera tions, and went over on the Patterson Elk this morning to carry the order into effect. Coming so close on the heels of the Brown-Alaska episode, this action of the Britannia company, though unexpected, did not create so much surprise as might otherwise have been the case. Considering that the mine is fully equipped, in splen- iI f i-,,, ,-,-ff1nnlff.1I nrnf11r- ton, and never looked better in the quantity and quality of ore in sight the sudden action of the lessee company is unaccountable on any other theory than that the bottom has practically dropped out of the copper market. It can only be hoped, how ever, that the suspension will be of short duration, and that the market may assume such shape as to permit 8 resumption of operations at an early day That the company indulges the hope that such may be the outcome is indicated by the fact that manager Freeburn has been requested to re- littiu OI tbC S OuiIbA.
 (From Fridays aily)
 At this writing nothing much more certain or definite in regard to the sit uation as to the Brown laska and as- sociate companies is known hese than that they have been declared bank rupt, and that receivers have been ap- pointed to administer and settle their affairs. One of these receivers named Bell, resides in the East, and the other, Mr. Frederick Bausman, is a Seattle attorney. Subject to the order of these receivers Messrs. Lawton and Riddle, managers of mines and smelt- CT, respectively, remain in present charge of the properties, which have been completely shut down, all the men having been discharged. What will be cone with the properties look ing to a resumption of operations is, under the circumstances, of course wholly problematical nor is anything definite known as the precise causes which led to the assignment and the proceedings in bankruptcy. The only ray of light or promise comes from the fact that manager Lawton has had word from the receivers that the la bor claims will be promptly paid, and from the further fact of the retention of Mrs. Lawton and Riddle, which may or may not justify the hope and belief of a speedy settlement and re- sumption of business on more solid basis. The Mamie mine was never in hetter condition for economical pro- duction than when the shut down was ordered, and the improvements in progress at the shelter gave every as- surance of a profitable operation when they should have been completed, even with copper at the lowest price that has been reached since the de- cline began. The Improvements re- ferred to were designed to reduce the cost of smelting to the lowest possible limit, and though theMamie ores which up till quite recently have been of low grade, might not have been available at profit, yet the shelter, with i'm provements made, could have made l money. On the other hand. the inn