The Idaho Springs siftings-news., 1907-05-18
CARDIGAN HAS ORE.
The Old Producer ~ There
with the Goods. and will
Soon he on the List of Bi6
payinG Mines.
That the Un tied
States Smelling. Mining
and Refining Co. Has the
Golden Smelter.

~O80Oh S1n01t0fs
Manager Karpeles, of the Cardigan
mine. YESTERDAY completed the upraise
from the lower adit to the middle adit on
that property, distance of ITO feet, and
in making the raise encountered two
GOOD bodies Of ore, the existence Of which
lie knew nothing at the time he pur-
chased the property some months ago.
The raise was made at point $50 feet in
from the portal of the lower adit and be-
sides exposing the good ore bodies. will
furnish excellent ventilation at the point
where a winze is being sunk below the
lower adit. For the past thirty feet of
the raise the ore has been sacked from a
three foot streak. A grab sample of this
ore assayed yesterday gave returns of .36
ounce gold and 1867 ounces silver per
ton, and yielded eight per cent. copper,
making its total gross value $74.S5 per
ton The other ore streak was disclosed
in the bottom of the level below the old
stope in the middle adit and consists of
about eight snches of ore carrying some
copper, and which assayed 4.24 ounces
gold and ro.S ounces silver, or total of
$o7.o7 per ton at prevailing quotations.
From what infor nation is obtainable it
is generally believed that the United
States Smelling, Mining and Refining
company, is the concern which has Sc
cured the old Carpenter smelling plant
at Golden for emporary use ,andwill enter
the field, not in competition with the
American Smelling aud Refining com.
pany, but for itself, and only incidental
ly handle what custom ores it may re-
qulre for fuxing purposes, and only in
large quantities.
In this connection. the annual report
of the United States Smelling, Refining
0nd Mining company. which has just
baen issueds il Of particular inssrest q
this time. The company owns proper
ties which cost, less = surplus of SI,o79
Io7 turned in by the United States Min
ing company, SIS ,eS5, ,o5S, while its capi-
tai stock liabilities amounts to only $4I.
o7I ,o22, fact indicating that there is no
water in the organizations capitalization
The parent company owns the United
States Mining company. the United
States Smelling company, o5 per cent Of
the Centennial Eureka Mining company,
the United States Stores company, Uni
ted States Lime company, United States
Metals Refining company, one half inter-
-. l. Gil
company, a majority Of the stock and
bonds on the Niagra Mining and Smelt-
ing company. all of the preferred and
majority of the common stock in the
American Exploitation company and
substantial holdings in the Richmond
EuIeka company, together with nine
tenths of the Real del Monte properties
in Mexico that cost 800, 900; shares
and bonds in the Peruvian Mining,
Smelling and Refining, and the Nam
outh Copper Mining company and its
magnificent smelters at Kennett, Cal.
The company's gross earnings for the
year amounted to S1s,149,574. while the
net balance from the years operations,
available for dividends, was s. 5o4,5 ,5a7.
all of the properties, mines, mills,
smelters and re6neries in this country
and Mexico, the company employs 1880
mer
At the regular Tuesday evening meet.
ing OF the local lodge of Elks this week I,
the delegates elected to the annual meet
ing of the state association which will be
h>1l 80. r ool~t11o oo
follows: o. w. Lowell, c. S. Birkins,
Dr.. w. T. Cain, Pred H. Nye, Thos. Bon
ner, Sam Marchington and Samuel
Brethour. The local delegation will
make every effort to secure the next
state meeting of the association for Ida
no Springs, and they have the unani-
nous support Of the Chamber Of Com
merce and every business man in the
city. There 10 no doubt but that ade-
quate accommodation can be provided
for the antlered herd, if they can be In
duced to decide upon this city IS their
next meeting place, that the local mem
bers will see that they are royalty enter
tained is guaranteed by the enthusiastic
manner of doing things heretofore mani.
tested by the organization upon several
occasions.
The first of the series of entertainment
given by the Elks lodge of this city
which 10 to be followed by monthly
events hereafter was the dance given at
the opera house last Wednesday evening.
The affair was we'll attended and the
music was excellent. A nice lunch was
ved upon the stage and altogether the
affair was most enjoyable. A number of
out of town members attended the
function