The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-16
MINES SOLD At
HIGH PRICES
Rainbow and Humboldt, in East
ern Oregon, Bring Large
Sums.
SALT LAKE FIRM BUYS
FORMER FOR $750,000
English Syndicate Gives More
Than That Amount for
the Humboldt.
Special TO The Tribune,

SpcCldl 10 lll'
BOISE. ida, Aug. l5.-The Mormon
basin mining district. located In Nal"
heur county, eastern Oregon. witnessed
the closing OF two OF the largest mining
deals turned in the intermountaln coun-
try for yenrs when Il few days ago inc
United States Smelling company OF SAT-
Lake purchased the Rainbow mine foi
s750,0O and an English syndicate
through a Spokane agency. bought the
Humboldt mine for little less than $500,
600 Both properties arc gold producers.
located fifteen miles above the town OF
Brogan and on directly opposite noun
tains. 1t is known that the district where
these mines are located, and which Is
twelve miles long and six wide has every
promise Of becoming a second Goldneid,
The reported production OF the RAIN
bow mine is claimed on the most rella :
BILE authority to be $4,000 month and
the Humboldt between $4,000 and s20,
900 per month. Both mines at present
have crews OF fifty men each al work.
The Rainbow now has a twenty stamp
mill, which Is to be enlarged to hfty,
The Humboldt has a stamp mill, bui
it Is to be doubled by the new owners.
A strike OF importance was made ~
this district at First creek recently. Gold :
bearing quartz was struck which assayed
higher than $500 per ton. First creek is
located near Malheur CITY, Properties
are being located there and the camp
has become Il lively one with every pros
pect OF witnessing great deal of gold
being taken out.
Drexel Incorporated.
The mining industry was given inpe-
tus through sthc recent INCORPORATION OF
the Drexel Mining company. incorporated
at 100000. with John Edwards Of Vaie
president; Thomas Holiday OF Vale.
treasurer. and Fred J.. johnson Of Vale
secretary and general manager, The
property OF the company is located In
Quartz Eulch. west of Maheur City. The
company will install hosting machinery.
pumps. etc. and Will work a large crew
OF men TO handle the extensive mining
operations planned for the DEVELOPMENT OF
the property, said 10 be rich In gold bear
and the intermountain section is watcn-
Ing quartz.
The mining world OF southern Idaho
inI with interest the outcome of sensa-
tlonal suit filed In the district court he re
plaintiff. against Charles III. Clemans w.
Fl. Benry and Francis J. DAILY, asking
damages In the sum of $22. 26S.44 on the
grounds OF fraud and misrepresentation In
the sale OF mining claim to the plain
tiff company whereby the company was
induced to expend s22.325.23. from which
investment 1t hos only been able to re
alize sl066S0,
Charge Misrepresentation.
1t Is charged that the defendants
owned or cOntroIlod the Last ChanCe mine
In the Quartzburg mining district In the
Boise basin. which they represented TO
be worth a large sum OF money In ric
ores blocked out. The mine. II Is alleged
was flooded below the 150-foot level. and
the claim was made. so the complain
alleges. that below that level for a depth
or 100 feet or moro rich bodies OF ore
had been blocked out. sufficient in uuan-
ttty and richness to keep a hfty-ton
stamp mill running for years. Spccifi
cally, IL is alleged that this ore was repre-
sented to be worth at least S21 900. iudg.
Ing from measurements and assays OF the
ore blocked out
The owenrs Of the Columbia agreed
to take over the Last Chance for Sl5. d,
QUO when 1t was ascertained that the
Gold E1ill mine adjoining was to be
pumped out and this would drain the
Last Chance. In addition the Columbia
ordered a fifty stamp mill and paid out
hundreds of dollars for labor until II
had s23.3325.24 invested In the Last
Chance.
The Gold Fiji mine was pumped out,
and as expected, the Last Chance mine
was drained. Experts were then sent
below the 150-foot level TO look over thr
ore blocked out. and reported that ii was
worth no such sum as the defendants
represented and did rot contain the
values. To prove this the ore was taken
out and sent through the mill 1t netted
the purchasers exactly slo66.S0.