The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-12-03

nav INTERESTS DEAL BUT MAY BE ACT.
ING FOR THE FEDERAL oMPANY-eRoUND is OF
GREAT PRosP EcTIvE VALUE

of claims last Monday by the receiver
of the property Thomas Fluke, of Kel'
,oge to John P. Mahoney, of this city,
and the immediate transfer of the
nroperty to the New Independence
Mining company, which filed articles
of incorporation two days previous to
the sale, has caused considerable
sneeulatlon as to who the real pur-
chasers are and the plans for handl-
ing 1t in the future. For the last year
or two it has been generally under
stood that the late F. Augustus Heinze
was the controlling owner of the In
dependence, the title standing in the
name of the independence Mines com
pany. he having secured it from Ken
nedy ]. Hanley. The property is more
familiarly known as the Gettysburg,
and is one of the early locations in
Hunter mining district, situated about
a mile and a quatrer from Mullan up
Mill creek. The claims constituting
the group and which are enumerated
In the transfer are the independence,
True Blue, Buckeye, Victor, War
Dance, Gettysburg, Gettysburg Frac-
tion, Lion, Key and Mary Noren. The
property has been under bond or op-
ton to numerous parties during the
past years and large amount of de-
velopment work has been accomplish
ed by the various operators, most of
1t on the Gettysburg claim.
Last Work by Hanley.
Shortly after acquiring a fortune as
the result of litigation with the Last
Chance company at Wardner, Ken
nedy Hanley acquired the Gettysburg
and prosecuted development, extend
ing the main tunnel that starts just
above Mill creek and also doing con-
siderable work in an upper tunnel on
the Gettysburg claim, in which con-
siderable ore was found. The theory
has been that the Gettysburg covers
the eastern extension of the Morning
vein, but whether the work has borne
out that theory is still open to ques-
tion. The independence claim joins
and lies between the Gettysburg and
Evening claims, the latter part Of the
Morning group, owned by the Federal
and on the Independence well deiin-
ed vein with more or less ore has been
exposed and VIII ch is regarded as the
Morning vein. In any event the In
dependence or Gettysburg group has
always been regarded as highly valu-
able ground 1t fills in the gap on
both sides Of Mill creek from the Nor
ming on the west to the Hunter on the
east, and there can be no other conclu-
sion than that 1t Includes the veins OF
both those famous properties and
probably valuable ore bodies.
Federal or Days.
On November q articles Of incor-
poration of the New independence
Mining company were filed in the re-
corder's Office The incorporators and
directors Of this company are John II
Wourms, Chlodene Van Ordstrand and
r. M. Walker. Mr.. Wourms is attor-
ney for the Day interests, Miss van
Ordstrand Is stenographer in his once
and r, M. Walker Is vice president
and manager of the Wallace National
bank, which is controlled by the Days
The independence property was
sold by the receiver for $2O,475, whlcr
covered a Judgment held by M. w
Bacon, manager Of the Stewart mine
Of $12,955, $2500 receivers fees, anc
$4,000 attorneys fees. The purchaser
was John p Mahoney of this city di-
rector in the Wallace National bank
Immediately upon taking over thC
property Mr.. Mahoney transferred i
by deed to the New independence Min
ing company mentioned above, when
of course, means that the Day inter
ests are now the owners Of the prop
eTIy. since Harry L. Lay 10 HiN'iio'
ger of the Federal, there Is consider
able speculation as to whether the In
dependence will eventually fall int
the hands OF that company, or whe'
ther 1t will be retained by the Days.
Means New Development Work.
But whoever is the ultimate oWne
of this valuable property, the chang
Will no doubt result in benefit to tn
district 1t has long been idle will
no prospect of renewal of activity un
I'll this sale was made. While NJ
statement has been made, and no on
outside the parties interested know
the plans in view, It is assumed tina
development of the property will b.
resumed before long. 1t has beer
suggested that since the Federal ha
relinquished the Star on the west
perhaps that compary has turned It
attention to the adjoining gr2rrd cas-
and that an effort win he no'c = 10
cate the extension Of Its ore bodies Il
the Independence ground.