Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1907-09-27
A BRIGHT OUTLOOK
Promise Of Something Doing IN
Local Mining Circles.
CAPITAL TO DEVELOP BONANZA
Representatives Of Eas, n Capitalists
Highly Pleased with PropertY--Un-
limited Means Back Of Them.

limited Means Back of Them.
For several years various ways
and means have been tried by local
parties to develop the copper pros
poets of our vicinity with VARYING |
success. Companies were organized |
and shafts and inclines were sunk to
different depths, but all short of the
amount required until at last pro-
iec,, combining the principal part
Of the great lead into one corpora
tion, was effected.
This corporation, known as the
Bonanza Mining Co., was finally
launched in December, 1905, and
Immediately began business by buy.
ing up all the property OF Mont
pelier Copper Mining a Smelling
Co., Independence Copper Mining
& Smelling Co., and a number of
claims owned by p. ]. McDermott
and Arta ID. Young, thus acquiring
possession of 2s mining claims; al
most 500 acres Of ground, besides
the various buildings, tools, etc.,
belonging TO same.
By the Articles of Incorporation
this company Is allowed to issue
95, 900, 600 of capital stock. It might
not be uninteresting to some 10 be
informed that outside of the o. S. l.
railroad, only one other company in
the state of Idaho, boasts Of such
large capitalization. 1t may also
be said here, that a number of our
people have found fault because of
the large capitalization, saying II
was SO high the stock could never
reach par. To such we wish to say,
take a little time to inform your.
selves regarding the values Of some
of the great copper mines of the
world; for example, the Calumet q
hecla of Michigan, IS capitalized
for two and one half millions; i
has already paid to its stocknolderi
in profits over 800, 600. 900 and hai
still wondrons earning capacities
The great Boston q Montana Cop
per Co., of Butte, pays dividends o
one half million dollars per month
thus paying 10 per cent interest Pc
month on $4,000, 900. Sam New
house, of Utah, recently sold a COP
per mine for $3.50, 600, 900, and Ser
ator Clark made enough out of hi
copper mine in Arizona, the Unite
Verde, in single year, to build
railroad more than 100 miles j
length. We might 60 on multipl,
inv cases but we think enough hs
been said 10 give all an idea of u
immensity of great copper min
OF course, we understand thi
many say, but we cannot compai
this prospect TO one of the gre
mines aboye named. We will sir
ply say to such that an expert WI
recently visited the Bonanza,
quoted as saying, that, for I
amount of work done, the showil
10 greater than the UIted Yer
had for surface work.
The Bonanza ores are especial
rich IN silver. In many instanc'
assays have been obtained runnI
into several hundred ounces per Il
Contrast this with the ores OF
great Anaconda mine of But
whose ores average 4 TO 5 ounc
The Bonanza should, and undou
edly will, show still richer silver
at depths, for when the gro.
waters are reached and the sulphi
appear, ox,dization of silver
practically ceased. and . don
quantity or more i often met y
Returning 70 the history Of
Bonapza; It was agreed At The I
Of its Foundation, that trustees
lected By the stockholders Of ina
companies should Be directors
the Bonanzn. We tins find
D. Young, c. n. Sweet and d
Whitma,, directors A fur