The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1910-12-29

During the coming year there is to be
great amount of development work in
Silver City, the Owyhee mining camp,
which is one of the oldest in the state and
which for years was one of the greatest
producers in the Northwest, contributing
large sums annually to the country's
wealth at time when the mining indus
try was in its prime and when the very
richest gold and silver bearing veins were
worked. The country was at that time
but sparsely prospected, yet for over 40
years these mines have yielded up their
treasures and new properties have been
opened up, but being in a community
where some of the richest mines of the
country exist, it has only been during the
last few years that much attention has
been paid to excellent prospects, which in
a camp Of fewer properties and less riches
would have caused great excitement.
L. S. Honstead, who is now in Boise,
stated today that practical mining men
have recently made thorough investiga-
ton Of the camp and its properties and
claim that when developed by the latest
methods and machinery, many Of the old
mines and several of the new properties
can be made to pay good dividends suf-
ficient financial backing to develop these
properties on an extensive scale has al
ready been made by those interested.
Stock for developing others is now being
sold in the east, stated Mr.. Honstead,
who is practical mining man and who
is interested in several leading properties
in the camp, among which are the five
claims of the Silver City Mining and Mil
ling company on Florida mountain,
known separately as the Long Gulch,
American Eagle, Crown Point, Idaho and
the Lone Tree, the last claim being one
which was big producer in the early
days of the camp and the mine from
which Timothy Regan of Boise took out
large amount of valuable ore when it
was first opened up, hauling the ore to
DeLamar for treatment. In this famous
old property he still retains half interest.
Over year ago an English syndicate
sent an expert to examine these proper
ties with view OF taking over the group
and his report was so favorable that the
syndicate decided to purchase the mines
and paid large sum for an option of one
year. For some reason the company
failed to raise the balance of the purchase
price and their option ran out few days
ago. The stockholders have decided to
develop the properties with American
capital ]. F. Cook, general manager
of the company, is now in the east selling
stock for carrying on the work and writes
that he is meeting with fine success. L.
S. Honstead and H. M. Hand, prominent
stockholders in the company, will leave
the first of the year for Iowa and Mime
sofa points to sell stock and as there are
great many capitalists in those states
who have interests in the camp they do
not expect to experience any difficulty in
disposing of large amount of the stock
within short time.
The mines are well equipped with the
latest electric machinery and beginning
January l will be operated with full
force of men working two shifts and the
development work will be extensively
carried on during the winter The devel-
opment work on the property thus far
consists OF crosscut tunnel, which is be-
ing driven from the Long Gulch claim