The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-01
Special TO The Tribune.

Special TO The Tribune
HELENA Mont. March 2l.-For filing
the papers showing the increased capital
stock of the Anaconda Copper Mining
company. the state of Montana received
l2,1lS-one OF the largest on record. The
purchase OF the increased capitalization
from $50, 100000 10 $l5o.OOO.O0o is, Of
course, FOR the consummation OF the So
called copper merger, II being the pur-
pose of the Anaconda company TO take
over the leading Butte properties. The
legality of the action, so far as Montana
is concerned is not in the least doubtful,
the Montana legislature at its last session
having passed a law based upon the
famed New Jersey trust law. so called.
with several additions which remove all
complications possible from the realm of
doubt The Increased capitalization was
authorized at meeting OF the stockhold-
ers held at Anaconda earlier in the week.
which Indicates with the nlinS of the
necessary papers, that so lar as Mon
tana's end is concerned, the merger Is
practically an assured TACT.
James Breen of Spokane and 4. 5.
Wright OF ST. Paul have purchased the
Spotted Horse, perhaps the most famous
purchase price was not made pubic, put
despite the fact that the property has
been idle for several years, the figure is
understood to have been a fancy Deure
The mine is responsible for the putting
OF several residents of Helena, Lewistown
and other towns in the millionaire class.
and IL WAS alter a lnoIou6n Inspection
OF the property that the new owners
concluded IT still contained vast amount
of hidden wealth. The Spotted Horse VIII
be opcrat ed In connection with the Cum
berland. tramway connecting me Tor
mer with the latters fine mill now prac-
tically complete. The capacity OF the
mill is TO be increased by 800 tons, Brecp
and Wright have taken over several Fer
gus county properties within the last
two or three years, and their activity has
led to revival ol no mean proportions
in the camps of Maiden Gilt Edge and
Kendall. Both the Spotted Horse and
been instrumental in the past in keeping
Fergus county in first place among Mon
tana'S gold producing counties. All ship
their product to the United States assay
office In this city by registered mail. and
as yet the first loss is TO be reported.
Bert Coty "a ranchmnn living about six
miles south of Helena in Tea Mile sulch,
has made strike OF great promise. which
comes as the result Of an accident. That
Is Mr.. Coty. while seeking some of his
stock which had strayed from his ranch.
came across an old and long abandoned
prospect shaft and tunnel. y casual eX-
animation convinced him that II was more
than a mere prospect. and n little devel-
opment work indicates that his prognos-
tication was correct. The lead is unusu-
ally wjde-i,s exact width IN iact. not
having been determined-and an ASSAY
showed $3.50 TO the ton in iree milling
gold Coty Will continue development
work on an extended scale,
Thomas Jockey has. according TO Zort-
man reports made one OF the most I'M
portant strikes in the history of the Lit
Tie Rockies district. TIE discovery was
him al the head of Lodge Pole Creek and
the lead is said to be fifteen feet wide.
showing gold with the aid OF Il glass clear
across the ledge. The strike has occa-