The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-04-23
MONITOR NINE IN BIG CONSOLIDATION
HAS MONEY TO DRIVE LONG TUNNEL
OTIS MAKING ARRANGEMENTS IMPORTANT MINING
DEAL sALrEsE psTRlcT-Now TO


Arrangements are we'll under way
for the consolidation of the Monitor
mine in the Saltese district with sew.
eral other adjoining properties, and
for the driving of a long tunnel to opei.
the entire group Of claims from the
st. Joe side of the range. Otis Hill
of Spokane, president of the Monitor
company, announces to the stockhold-
ers of the Monitor that he is assured
Of $150,000 capital 10 complete THIS
work as soon as final arrangements
are made for the consolidation. The
Richmond group, now being operated
by Charles Heidenreich of Spokane, is
not to be included in the consolida-
ton.
The Monitor mine is located on the
top OF the divide south of Saltese, and
is in line with the big mineral belt
which passes through the Occur
d'Alene country south of Wallace. The
Monitor has been worked at different
times by, number of companies, ano
a large amount of high grade coppe~
ore has been shipped from the shaft
workings. On the lower levels the ore
shows considerable evidence of in
creasing with more depth, and as the
shaft work was expensive and almost
impossible during the winter months,
the owners decided to drive a .ong
tunnel, and the present plan of con-
solidation with other properties is the
result of this decision. The new tun-
mel will be about one mile in length
Mr.. Hill has forwarded to all stock
holders of the Monitor company the
following letter, which fully explains
the situation at the mine:
Il suppose you know that the forest
fires of 1910 destroyed all improve
ments on the Monitor property, which
placed the company in position
where they could go no further with
the development work as we have no
funds to carry on the work. The Mon
itor property, as we'll as adjoining
properties, have developed high grade
copper-gold ore by sinking on the
veins from on top Of the mountain at
an elevation Of 1000 feet above the
Milwaukee railroad. 1t will never be
practical to operate these properties
through shaft from on top of the
mountain. A tunnel driven from near
the Milwaukee railroad will tap these
veins at a depth of 1900 feet and fur
nsh a way Of mining and delivering
the ore to the railroad at minimum
cost. This tunnel will be the key to
the situation in developing at good
depth several high grade copper prop
critics.
water power can be obtained near
at hand and all conditions are most
favorable for the project. The direct
ors have arranged with parties who
own the ground along the line of tun-
mel covering the vein to join US and
turn the properties over to the Mon
tana Idaho Copper company. a COM
pany that is being organized for the
purpose of financing and developing
the properties. The present owners to
become stockholders in the new COM
pany. The directors, after much work,
believe they have accomplished much
for the Monitor stockholders and have
called a meeting Of the stockholders
to ratify the deal they have made.
PERSONALLY, will state that l am a
heavy stockholder in the Monitor and
have devoted much time and money
in bringing about this deal and l be.
lieve 1t will result in large benefits to
the Monitor stockholders and each
stockholder should sanction the deal
without fail"