Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1915-01-30
END OF HARVEY PEAK
Tin Mining Milling and Manufacturing
Company, and Pahasa Mining
Company Assignee.

| IcT SOuuty idSI week whereby Tue ABOVE
corporations convey to c. II. Kamman of
Spearfish, South Dakota. all their rights,
title and interest of all properties
in which they are in possession,
both real and personal, located in Custer
and Pennington Counties. The writer
hereof is not informed as to the con-
sideration involved, but it is safe to say
it runs up in to many thousands of dol
lars, as the properties involved consist of
many valuable Tin Lode Claims of con-
siderable MERIT. besides something like
twenty placer mining claims, which
acreage runs up to several thousand
acres, and which are yielding consider
able revenue each year. The personal
property consists of two.hundred and
fifty ton concentrating mills and several
hoist buildings and machinery. Beside
they convey the townsite of Hill City
consisting of four hundred and twenty
town lots, and many residences located
thereon. The principal property as de-
scribed lies around Custer and below on
French creek, and west and north of
Custer, and others is described as lying
around Hill City and Keystone, South
Dakota.
BY this deal passes into history one of
the most gigantic mining corporations
eyer organized and operated in the
Black Hills, or perhaps any other min
ing camp in the world. Many of the
Chronicle readers will perhaps well re-
member that in the year 1885, and per-
haps prior thereto, the first property
bought by this company included the
famous Eta mine near Keystone, upon
which was erected large Tin Concen-
trating plant and operated for some
time, we are told with success from
financial standpoint, until the water sup
ply failed them. The success of this
undertaking served to stimulate to a
greater and larger investment, when in
the fall of 1885, and spring of 1886, a
gentleman arrived upon the scene from
London, England, by the name of James
Wilson, one of the greatest mining pro-
moters that ever entered the Black
Hills, who became we'll known to many
of the Chronicle readers and the mining
men and prospectors of this vicinity, and
in and around Hill City and Keystone.
Mr.. Wilson had associated with him
one Edward S. Barring Gould, and other
capitalists of London, England, and
many capitalists of New York City. The
company was organized with capital of
Sl0,000,000.00. They had cash working
capital of more than $2,000,0 600 90, dis
tributed in the banks of New York and
a bank at Rapid City then known as Lake
and HALEY, afterwards the First Nation
al Bank of Rapid City. Shortly there
after they started to erect the Eta Con-
centrating Mill near Keystone. and To-
Gated their main Office and headquarters
on Pin Creek, between Hill City and
Keystone, where the old buildings are
still located, and from that time on pur-
chased all properties. perhaps indis.
criminately, that proved to have tin
prospect, or prospect of other minerals,
and started to develop great many of
the properties thus acquired. In short
time they had employed something like
three hundred men doing development
and assessment work, erected hoist
buildings, installed machinery and So
forth, and in few years they had
total of fourteen such hoist buildings
and machinery in operation. In 1889
their main headquarters and Offices were
established at Hill City, South Dakota,
where in 1892 they started to erect a
second large concentrating mill
at a cost of $26O.OOO0O, known
today as the Hill City Tin Mill, con-
nected the more meritorious mines and
build railroads to the mills. In 1894
suit was begun to restrain the company
from making further investments and
for the appointment of a Receiver of all
the assets, business affairs, books and
papers of the said Company. DIR. Albert
R. Ledoux, a we'll known mining nan
and metallurgist of New York City, was
appointed as such Receiver, and from
that time to June 1909 the affairs of the
company were handled by the Receiver.
On that date reorganization was per-
fected largely through the influence and
good business tact of DR.. Ledoux and
his attorney, Mr.. Perry, and perhaps
others connected with the New York
office. In August, 1909, the Harney
Peak Company was succeeded by the
present Pahasa Mining Company as their
assignees and successors, and Mr.. John
A. Kerr of New York became its Presi-
dent, through whom the present trans
fer is being made. All the deeds so far
recorded are signed by John A. Kerr,
president, and John M. Perry, treasurer.
The Pahasa Mining Company, at ex-
ecution sale had at Custer on the 23rd
day of June, 1909, bought this property
now owned by Mr.. Kamman at total
expense of $61S, 100000, being principally
interest and taxes accumulated during
the period of receivership which lasted
nearly twenty years, and represented a
total investment by the Harney Peak
Tin Mining, Milling & Manufacturing
Company of $4,7sO.OOO.0O.
We are not advised as to whether Mr..
Kamman intends to resume operation
in the spring or not. Wepresnme, how.
ever, that he will not let such good pro-
perty "a the COWBOY tin mine Law idle