The Idaho Springs siftings-news., 1909-06-19
North American Company

nortant meeting that was held in Den
yer on Wednesday will be of special
interest in this community inasmuch as
the properties referred to are located
within short distance of Idaho Springs
The organization of such large COM
panies for smelling and refining ores
sounds the death knell to high charges
and will bring the same within reach of
those who may have reasonable grade
of smelling ore but which is now re-
naming in place in many mines.
While the smelter phase of this organi-
zation may be largely of private ma
tlre. vet it is reasonable to suppose
that more or less custom work may be
done when the smelter is not entirely
working on the ore of the company.
The Riedel Investment company is en-
titled to the fullest measure of praise
for bringing about the conditions in
such a unanimous and felicitous manner
as herein described:
IAN important step in the organiza-
ton of the North American Smelter &
Mines company was taken yesterday
when stockholders meetings of the
Banner Consolidated Mines company,
the Internal tional Gold Mining company,
the Centurion Mining company, the DON
aldson Mines company and the Cham
pion-Comstock Mining company were
held and the consolidation ratified. The
North American Smelter & Mines com
pany is the $2,000,O00 consolidation
that is to operate the Golden smelter in
connection with its Clear Creek mining
properties. The action of the stock
holders gives this new company the
ownership sof 400 acres of patented
ground in tract in Clear Creek county,
The stockholders meetings were held
in the offices of the H. A. Riedel In
vestment company in the Boston build
ing. Over four-ffths of the outstand-
ing stock was represented either in per-
ron or by proxy, and all votes present
were cast unanimously for the CONSOLE
dation. The articles of incorporation
of the North American .Smelter q
Aines company will now be filed with
Me secretary Of state.
The consolidation also includes the
Independent smelter at Golden, the
lime ouarries at the same point and the
Kilton sampler at Idaho Springs. The
big mineral acreage in Clear Creek
county is being developed through the
Rockford deep mining, drainage and
transportation tunnel, also owned by
the company. This is crosscut tun-
mel and is probably the only bore OF Its
kind in the Clear Creek mining sec
ton that does not leave its own terri
tory.
From grass roots down to the lowest
points of the surface workings. the con-
solidated properties have produced in
excess of 81, ,50O,O 900 according to the
records. The Champion-Comstock and
the Donaldson mines have been produc-
ers since the sixties. The entire group
is being developed at depth through
the Rockford tunnel, driven from
point on the main line Of the Colorado
& Southern railroad, two miles above
Idaho Springs Through this tunnel
the vein is being opened at depths
ranging from 500 to 1000 feet. Ihls
system of development does away with
the heavy cost of hauling ore and sup
plies up and down the mountain sides.
The Donaldson vein has been opened
at depth of 1000 feet on the dip and
Oral hundred feet Of drifting has
bes Adone. The next work will be to
fdNm upraise on this vein to connect
with the bottom of the old Donaldson
thaft, distance of about 1000 feet.
The Donaldson drift will be extended
under the Centurion property and an
upraise made to connect with the old
Centurion workings. This DRIFT Will
also be extended under the Harrison
and Morgan mines, and the same sys-
TEN of opening the ore bodies will be
pursued A drift has been run on the
Magalona vein for 1900 feet. This
will be extended about 4,800 feet farth-
Ter to the west end of the consolidated
estate. This drift will gain depth OF
Better than 2, 900 feet ON the ore bodies.
The North American Smelter q
Mines company contemplates the ex-
Penditure of quarter of million dol
ars in the development and equipment
Its mines and reduction plants.
swanson and Newton, leasing on the
Peilevue-Hudson, have completed new
re bins on the property with a capac-
y OF seventy-five tons. The actual
alnlng Of the leasers consists Of sink
Pg the man shaft 100 feet below the
imp and drifting east from the main