The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-03-18
CORBIN COPPER
PAYS FOR CLAIMS
Development Fund viii Be Raised
I. When Debt Is liquidated

Butte. Mont, March lS.-Thc Corbn
Copper company is paying FOR tn,
Gumbrinus ana other mining claims il
purchased last year i'm the western
section of the city, but at the present
time IL has not any money Tor the
purpose OF developing the property. \
payment ON the claims was made a
week ago. aud there yet remains some
100000 to bc paid ON on about April l.
Il is stated that this money is already
assured through am ARRANGEMENT mad,
h> President r.. NJ. Edwards OF Hougr-
ton, Mich. with Eastern hnanciers.
Upwards of two weeks ago the work
of sinking the shaft ON tie Gamhrinus
claim VAS stopped ;lEough lack 4
funds and as tho electric power and
water is shut off il does not appear
as o. any start would bc made i'm re-
Stunning work tor some time. The shaft
is down i'm the Gambrinus about 500
feet and old time miners declare that
while there was no question but that
th" Gagnon vein ran through the
ground il would not he found before
a depth of anywhere from 1900 20
1000 feet had been gone. Eastern adj
vices are 90 the effect that the direc-
tors have determined first 10 pay for
the property and afterwards negotiate
for funds with which To carry on OPP
crations. II is stated that large
number OF the stockholders are behind
i'm, Il
unless this money is forthcoming with
i'm "a short time the stock will be sold
With This money and additional money
it is proposed 20 raise on the proper
ty the shaft sinking work can be-
resumed. I'm this city there are mum
hcN Of bills outstanding for labor cleo
trio power and general supplies.
Butte 6alaklsva.
Development work ON the l6o0-foot
Lowell of the Butte Ballaklava property
is prosecuted with vigor. Crosscutting
for the blk vein was commenced a
short time ago with an estimated dis
tancr Of 100 feet To go, Manager New !
ton Ggures that he will cut the vein !
somewhere about The close of the
present month.
Road to Be Built
Tn, mine owners in The Radersburg |
district have received information
from Ncw York to the effect that
George Haldern has received positive
assurances of the money being forth
comn- for The railroad and that the
work OF completing the road would bc
commenced not later than May /. As
AN the grading has been done with
biz force of men it is believed that tho
road can hc completed and in opera
tIou ns ral
Tuolumne.
The management OF the Tuoumne
company says that there is now mo-
question bat that the vein cut "a coup.cl
OF weeks ago ON The 2.l0O-foot level
is tho Jessie. Al first il was cstimat-
'd Chat there was about one foot of owe ,
'ud II now turns out thar there ara ,
.ightcrn inches, running % per cen.
.uppcr uu tho average, with T. ounces I
IF silver to the ton Drifting has :
.ommcnccd and the ground is shown ,
90 bee well minerl..arl. the show! ~ ,
icing much letter thm luat ou the y
..-oU-ruot lovoL The mana-,mcut rs .
ats'icd that the drifting win result 7
% cuauantcriug rich hody of orc r
Davis DAILY \
The development work u the Bell ,
mont miro Of the Anaconda COM \
amy whore some very rich ore bodies \
ave been opened up gives cncourugc- y