The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1907-04-11
LATTER MAKES BIG STRIKE
Great Ore Bodies Opened Up in Both
No. 2 and No. 3 Success Tunnels

No. 2 and No. 3 Success Tunnels
THE biggest deal so far consummated in the Coeul
d'Alenes this year closed on Monday when an
agreement to consolidate the Success and Alameda mines
reached by the parties controlling the two properties
O. H. Linn, superintendent Of both Mines was the man
who engineered the deal.
The principals to the deal are H. F. Samues of the
Success mne and 0. H. Linn of Wallace and Mayo Sachs
& Co, John N. Kirk and w. w. Cheley of Butte, Mont
Mr. Samues is too we'll known to readers of the Miner to
need any introduction 1t was his fath enterprise and
money that proved the Success mine to be the great
erty it is today Mr. Linn has been in charge of both the
Success and Alameda ever since work was resumed in
them Mayo Sachs Co. are one Of the leading broker
age firms OF Butte. Attorney John N Kirk and w. W.
Cheey are best known to fame the promoters of the
East Butte and Barnes King mnes the latter at Kendall
Montana.
The consolidation an old project of Mr. Lnns. When
Mr. Samue first took hold of the Success he endeavored
to induce him to purchase the Alameda too It could have
been bought for comparatively small sum then as the
Success itself considered by all but Mr. Linn very
doubtful proposition. AS the real magnitude and worth
of the Success became apparent Alameda stock rose rapid
y in speculative value and the consolidation of the two
companies temporarily Abandoned only to be taken up
by Mr.. Linn again when the development of large ore
body in the Alameda itself made the proposition feasible
and attractive to both parties.
Great Ore Bodies in Alameda
The showing of ore in the Alameda mine itself is now
avery handsome The No. Success tunnel is over
SO feet into Alameda ground and it in good concentrat
ing ore all the way The ore about half lead and half
znc The shoot has also been crosscut for 80 feet the
whole crosscut showing just good any part of the
drift.
The Latest Strike
But the biggest and best showing in the lower tun-
ne Here they have broken two feet of Solid so per
cent galena in crosscut from the main No. level at
point about 125 feet beyond the Success end ne This is
at depth from the surface of approximately $50 feet be-
ing considerably 400 feet below the old No. level
which shows such magnificent body of concentrating
ORE and about rs feet further into the mountain Some
very fine ore has been taken out of the tunnel One big
sample weighing $50 pounds, which would easily average
55 per cent. in lead, shipped yesterday from the
Northern Pacific depot where it attracted much attention.
to the office of Mayo Sachs Co., in Butte Other hand
samples exhibition in the Offices of Kratzer
McKnnis and the Brackng Ebbley Investment company
The presence of much galena in the Alameda ore is
taken to be an indication that development will in all
probability prove up big bodies of galena such as were
found in the Success when it worked years ago as the
Granite mine and paid dividends of about $6OOOOO
The Present Companies
The Success is capitalized at $1,500O00 H. F. Sam
ues is understood to own something wo-thirds of
it's shares O. H. Linn the next largest shareholder and
there only six altogether the other four being bust
ness men of Oakesdale, Wash
The Alameda has capital Of 81 900 and has about
100000 shares left in its treasury good safe control
Of the company is held by Mayo Sachs Co. Of Butte
who the Of nearly 900 shares This stock
they acquired by purchase from Paris H. Renshaw Co.,
who the first to bond the control of the Alameda
and undertake it's development on an adequate scale
They still have considerable holding in the company O.
H. Linn is probably the largest individual shareholder
outside Of Mayo Sachs Co and there are number Of