The Idaho Springs siftings-news., 1907-08-31
State Historical and No.
hiseory Society

feet long has been excava,ed along Mill
creek, and at such time as it NAV be
needed can be util zed to generate power
for tunnel driving or milling purposes.
The Shako group has nine claims
which lie almost parallel and along the
mountain SIDE one above the other.
Enough work has been done on the sur
face to thoroughly prospect the lodes
ascertain their course and but partially
their contents. Through the means of
the tunnel now being driven the veins
can be prospected in far mo thorough
manner, and at the same time they are
reached As the tunnel is driven ahead
there will be succession of these veins and
the outcome will be instead of one mine
there will be several which can be worked
simultaneously and at the least possible
expense. and consequently at a large
profit. 1t is possible also to handle the
lowest grades of ore because of the ease
Of handling the output, with the facil.
tiles at hand. such as aa automatic mill
~ tue portal Oh the tunnel.
The Shake group aud tunnel forms
the main mining asset of the First Re-
publican Mining company, but another
very valuable property is included in its
holdings. known as the Ben Hsrrison
and John Russell properties, located a
mile and half easterly from the Sha-
ko property. These are but a short dis
tauce west Of the Almaden mines, which
have been producing rich ore for the
past forty years, and now have perhaps
the largest ore reserves of any mine
in that mining district. The Wild
Wagner, U. S. Patent, No. 1903, one of
oldest patented claims in that section
lies parallel with the Ben Harrison
Ore has been opened up in a dozen
places on these two claims. An adjoin-
ing property, the Pioneer, has produced
in excess of $4,000 from no great
amount of development, and there are
large numb of surrounding claims be-
lug worked by the Almira and other
companies and Individuals
There are but few neutrality-suspicious.
like the First Republican where the pro
moter goes to the trouble and expense
of eliminating the speculative part Of
mining business to q great extent, by
combining q commercial enterprise as a
safeguard against the contingency Of a
loss in conducting mining operatio S.
If this care were taken by the average
promoter there would be far less nun.
Der of losers in the speculative mining
line, and fewer people who feel that they
have been feeced after having put their
money into an attractive, and possibly
meritorious, mining enterprise.
What makes the First Republican
Mining company unique in the annals of
mining is the fact that the company pro-
poses to protect the investor to the
extent of his investment at least. by
cutting anu marketing timber at the
same time that mining operations are
carried on in the company's property.
This system should be double success
when the two extremely promising
mining properties, and the valuable
timber acquisitions of the new company
are taken into consideration. 1t is a
safeguard. if not an absolute guarantee,
in view of the fact that the present price
of lumber is the highest in years, and
the growing scarcity of available tracts
of timber.
These features in the First Repu5li
can Mining company, make It an enter
prise which should make good. From
the first, Mr.. kearns, the organizer OF
the company. has pursued an absolutely
straigt and honest method in success
fully financing the company, and in
conducting mining operations and tim
Der marketing along this line with in
telligent direction there is no doubt
about the ultimate success of the COM
bined enterprises should be certain to
realize handsome dividends when the
present plans of the company are carried
out. Mr.. Kearns is . business man Of
unquestioued integrity, and is familiar
enough with the old time mining stock
company, to know that the present COM
pauy Of which he is the moving spirit
is organized TO give q square deal for
those interested. He deserves support
he has received in placing the company
in its present condition and that his en-
thusiasm 10 justified, can readily be seen
sfler visit to the property on Mill creek.
|
Assistant Cashier Richard Davis, ol
the First National bank, after putting up
with the hot weather in Denver q couple
Of days, returned to this cool climate
Sunday evening.