The Idaho Springs siftings-news., 1909-03-13
A ou.r.e-.n1illion Deal

Lincoln, Nebraska, Where tney succeoo>
ed in the consumation of deal where
by the entire holdings of the famous
Alice mine was turned over to them,
which means that this property will At
once enter the ranks Of active produc-
ers and will be to this section what the
Homestake is to South Dakota. The
deal involves nearly = quarter million
dollars, the deeds transferring the prop
erty being placed on the record at
Georgetown the first of the present
week. The property transferred con-
sists Of $40 acres of patented ground
and covers what is looked upon as the
most valuable mineral property in the
entire county. 1t is estimated that
over ], 900, 600 tons of ore have been
blocked out with only partial develop
ment, crude values running from "a
to Ss per ton in gold, silver and copper
an actual saving of "a per cent be-
ing made in 25 ton test mill run in the
company's new mill erected for ex-
perimental purposes during the past
ne cS SIlIidICd Soot VA 81
transportation and treatment runs
from 81 to $3.50. Messer. 4. H. Roller
and W. L. Shaffer have for several
months been making tests of the ore by
various methods and now believe they
have method of treatment whereby
great savings can be made on the ore,
and if their treatment proves success
full the great Alice property will be one
of the largest enterprises in the
state.
As soon as the weather will permit,
active operations will be begun, on the
erection of 300 ton concentrating mill
at convenient point at the prop
erty, as will also be installed a complete
mine equipment, the promoters taking
advantage of their extensive experience
to make everything modern and up-to-
the-minute.
The capitalization Of the new COM
pany is placed at $1,000, 900, and the
officers and directors are as fol-
| lows:
Arthur H. Roller, president and
general manager. Mining engineer,
Idaho Springs, Colo.
VIII. Ryan, 1st vice president
Manufacturer, Allentown, Pennsyl
vania.
d.. Webb, End vice president. At
torney. Denver, Colo.
w. L. Shaffer, secretary. Mining
engineer, Idaho Springs, Colo.
Fred G. Moffatt, treasurer. Cashier
First National Bank. Denver
Colo.
j. B. Geijsbeek, auditor. Certified
Accountant, Denver, Colo.
Warwick M. Downing, counsel, AT
torney, Denver, Colo.
VIM. l.. Bush, director. President
First National Bank, Idaho Springs
Colo.
VIM. W. Roller, director. Capitalist
Salida, Colo.
C. NJ. Keck, director. Presiden
Allentown National Bank, Allentown
Penn.
The plant of machinery of the Ref
ugee mine has been shipped to thu
Little Fred group of the Wall stree
mine near Salina, Boulder county
where it will be installed.
Angus Sutherland is spending few
days lin the city with his old tint
time friends. He has been operating
his ranch near Brighton for some
months but recently sold off his stool
and utensils and leased the farm. HI
will go to Bingham, Utah, where HI
will work with 81 Knowles.
Oxley and Moonan made a twent,
ton shipment of ore from their leas.
this week. There were two grade.
and those who saw the first grade pre-
nounce it of very high and rich char
acter of ore. These men have been for
tunate with their lease and their friend
are glad of their good fortune. Return
have not come in at the time of issuing
this paper.
After an illness extended over but
short period Of time, August H
Lofvenberg died at the family hom'
in this city Mast Monday night, dealt
being caused from dropsy. The bo.
was twelve years and nine months o
age. Funeral services were conducted
at the Swedish Mission church on Colo
RADIO street, Thursday afternoon at 20
o'clock conducted by Rev. Bolander.
Traylor, Williams and others having
lease in the Freeland Extension, made
a 30-ton shipment of ore to Denver thi'
week. Mr.. Traylor followed the ship
ment to look after the settlement. II
order to get the ore to the railroad
/ IL lInA &,.. kIxoo Ausrc ~