The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1909-06-04
In and About the State
RESUME MINING OF TIN ORE.
Ten-Year Fight Between Stockholders
Of South Dakota Company Ended.

Ten-Year Fight Between stockholders
Of South Dakota Company Ended.
Through the dissolution Of the re-
eeivership an actual agreement be-
tween the long contending English
and American factions in the COM
pany, and the settling Of back debts
and litigation. the an-vaar figh. c-c-
the property of the famous Harvey
Peak Tin Mining company. at Hill
City ir Pennington county, has come
to an end. Furthermore, negotiations
have reached a stage where the posi-
tive statement can be made that OPP
e~rations are to be resumed almost i'm
%mediately, and IL the preliminary work
proves satisfactory, there is an unlim-
tied amount of capital behind the re-
organized company to carry Its opera
tons to a successful termination.
After acquiring their property at
Hill City and starting operations on
what looked to be favorable ground,
extravaganza and poor judgment in
management brought about dissatis-
faction that was not lessened by the
continued expenditure without results
Of marketable tin. Englishmen OF
means had been induced to invest In
the company and the cry was set up
that the Americans were putting the
English money into a hole in the
ground. Before the work accom-
plished had reached a stage where
good opinions of the ground would be
justified the property went into the
hands OF DR.. A. r. Ladoux, a mining
expert of New York, who was appoint
ed receiver, and there 1t has remained
until the present time.
Now all the interests have gotten
together and agreed upon a policy for
prospecting, and then, If warranted,
development on a large scale. The
details of the reorganization have not
been made public.
The Harvey Peak ground consists OF
about seventy-1ve claims, many OF
which have been more or less pros
pected, and On which there Is a tin
showing. On the entire group former
ly owned by the company and In the
same formation, its owner, E. G. john
son, has proved the presence Of tin In
marketable quantity and quality by
producing on the property pig tin with
a small and inadequate plant. 1t is
understood that a sum sufficient to in
sure thorough investigation Of the tin
prospect has been raised to do the pre-
liminary work and to equip b prop
| erty with test apparatus OF a more
modern and larger style.
1t is confidently expected that as a
result of the meeting of stockholders
In Denver last week the affairs OF the
| Hidden Fortune Gold Mining company
will be ~untangled. The original pro-
moter, Henry ]. Mayham OF Denver,
was present, and 1t is understood he
has been successful in his plan for q
reorganization of the company with a
| view to opening it.
The property contains thousands OF
tons of low-grade ore which, IL han
died on a large scale. would yield good
| profits.
Word has been received from New
| York that James d. Hardin, the pro-
moter Of the Branch Mint Mining com
pany, has secured control again
| through a deal with some Of the heavy
New York stockholders.
The Golden Crest Mining company
is about ready to make test runs in its
new 200-ton mill In the Two Bit dis
trict.