The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-07-17
PLAN TO REOPEN REX
MINE, ON NINE MILE
PROPOSITION TO RAISE $4,000
FOR SINKING AND CROSS
CUTTING.

That is good news that comes from
Spokane concerning the reopening %
the Rex NINE about six miles nortf
of Wallace and on the divide between
the two forks of the creek. 1t seems
the stockholders are considering thu
proposition Of voluntary assessment
to further open The property. Tho
largest interest is held by the A. b
Campbell estate and John A. Finch
purchased from the original owners
some - years ago. Notice Of the pro-
position Is sent out by Charles Husse*,
connected with the Campbell a. Finch
interests and also secretary Of the Rex
company.
Among the largest owners ~ Theo-
dore Anderson. at present manager
Of the Puritan Mining company and q
resident Of the Nine Mile section for
more than&5 years. He has held his
original interest In the property and is
one Of the miners working It when
the first important strike Of orc was
made II attracted much attention
and large interest was soon acquire
bv Campbell e. Finch, then active cp-
orators in the camp.
History ~ the Property
Later on lawsuit developed aud
Il was tied mp in litigation for many
Years Finally settlement was
effected. Most of the time since then
y has had eheekered career, being
last operated under long lease. The
old Custer mill WAS acquired and dur
ing the wears IF its periodical opera
ton u has shipped quite a large
Quantity ~ ere, Probably M man IN
comn Is more familiar with the pro-
per'v than Mr. Anderson He has al
ways expressed confidence in Its abili-
II to pay under fair conditions and
II Is understood he has urged the adop-
tion IF some plan 70 work it There
are numerous other smaller stock I
holders in this vicinity.
The mill is under a two war lease
~ the Tamarack Custer company and
that has probably more than year
vet to run
The opening of tine Rex would add
materially to the already extensive d.
Velopment OF the Nine Mile district.
Proposition to Stockholders.
The following announcement ap-
pears In Spokane paper:
Local stockholders in the Rex Mi
IiOrr ysthtab |
nine, formerly called the Sixteen to-
One. on NineMile creek, In the Coeur
FAlene district, hvae submitted
to the other stockholders
70 subscribe fund of 100000 as a
nan to the company TO finance con-
.inuation of development of the prop
arty which has been closed since the i,
easing company suspended operations
| number of months ago,
Accompanying the announcement "
call Tor the annual meeting which ,
VIII be held In Augusta, Maine, Fri
lay, August !, when plans win be
ormulated to develop the mine further !,
II dismantle it,"
Secretarys Notice.
Secretary Hussey's notice to stock
olders contains the following para =
raph, =
"A great MANY of the stockholders
,vor continuation of development :,
here the leasers auit and elscwhere =,
the mine, There Is no ore in sight g,
nj very little money In the treasury.
nd II has been suggcsted that the
ockh"|dfrT voluntarily contribute =,
rough to sink The main shaft as ml,ch -
'ener as the directors deem advisable ~,
ID to do considerable cross cutting. -
Is estimated that the work viii re- -
Ire about 100000 -
so
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