The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-05-15
HEAVY CAPITALISTS GO
INTO JARB|DGE, NEVADA
BIG DEAL is PROBABLY CLOSED
ON 6LUSTER-LONG DEvEl.
oPMENT TUNNEL.

Three years of development work.
under many difficulties and very try
ing circumstances, accomplished
wholly by men without means. have
made an exposure of gold ore in Jar
bidge, New. which is largely attract
ing the attention Of monied people
at this time. The camp is just eight
miles south Of the Idaho line at the
the Bruneau river which drains a
large portion of southwestern Idaho,
In Owyhee county. In addition to it's
gold ore the district has all natural
advantages for economical mining and
gnnilling, differing in this respect from
4 southern Nevada and more closely
resembling northern and central Ida
no.
Why the Camp Was Slow.
The extreme dullness of the mining
situation generally for the past few
years, the reaction which set in
against the camp when the falsity of
grossly exaggerated reports In it's be-
ginning became known these and
other minor causes contributed to
make 1t impossible almost to get a
dollar from outside sources for de-
velopment purposes. 1t was squarely
up to those who had holdings in the
camp and believed in them to make
good.
Stands on Its Merits.
The net result is that large amount
of ore has been proved. In some OF
the best developed properties 10. Is, 20
or more feet of ore has been opened al
depths between 300 and 400 feet Cen
orally speaking this development work
done under adverse financial condi-
tions, has been directed with splendid
Judgment, and little of 1t has beer
lost. The consequence is that or Il
properties in the camp assume the APP
pearance of mines, and ore In guam
tity and value can be accurately CAL
culated.
Capitalists Arc There.
It is these known bodies Of gold ore
capable of cheap extraction and cheaT
treatment, that are attracting none!
and monied men to Jarbidge. George
Wingfield, head of the GOldfield Con
solidated company, is active in &C
quiring property there. So, TOO, arr
numerous other capitalists. The Pot
ter Palmer people have had repre-
sentative there for months past, AM
he has quietly secured some of tn
best property Among other goo
things he is closing a deal for 81 pc
cent of the Buster holdings on ba
sis of $4,000 for the property an
the installation of milling machinery
Twin Falls, Idaho, is 96 miles fror
the camp, with a good automopl'
road connecting. 1t is In line for
division of the business Of the cam
and particularly that part of 1t comm
more conveniently from the north.
recent transactions and work ther
the Chronicle. of that city, says:
important Deal for the Camp.
H. L. Hollis, superintendent OF tn
Potter Palmer estate in Chicago ar
rived in Twin Falls May from Tn
east and left at once for Jarbidge !
an auto. The presumption is that n
comes to close up the deal for tn
Buster property. which has been un
der inspection the past month by a
expert representing Mr.. Hollis. Til
examination, It is said, has fully YER
fed the representations Of the owner
of the property and the presence
Mr. Hollis at this time would ind
cate that the deal will be consumma'
cd. The deal may not be fully close
until tomorrow, which is the last Ga
of the option. If this sale Is maze
means another mill for Jarbidge an
a big boom for the camp.
Tunnel for Deep Development.
"Another enterprise In the can
that seems assured, Judging from II
favorable reports coming from Il
promoters who are now In the Ne
England states securing hnahci
backing for the scheme. is the thre
mile tunnel projected by Col. c.
HAYDEN and associates. which Will I;
the heart of the district and open
at nearly 5000 feet depth many OF .
leading properties in the camp. III
enterprise means more to the can
than any yet projected and It's sn
cessful promotion will be gre
achievement"