The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1915-06-18
|HNE MINING PROPERTY

w. b. McChesney, manager of the
IIvanhoe mine, located on Palmer lake,
arrived in Oroyille Monday, and con-
| tinued on to the mine Tuesday morn
| ing If not called away up urgent
| business Mr.. McChesney will remain
at the mine until that property reaches
/ the producing stages, a stage that it
| is confdentially beliYcd to be in the
| near future.
OF late it has not been altogether
smooth sailing for Mr.. McChesney in
the matter of meeting the regular cost
of development, but the affairs of the
company are now so adjusted that he
1 feels that shortage OF funds is d
contingency that he will not again
have to face. This temporary embar-
rassment was no fault of the manager
or his associates. Work on opening
the mine was started long before the
breaking out of the European war.
Prior to the war money for any kind
of promising enterprise was easy to
secure in Canada. The breaking out
OF hostilities created paralysis of bus
mess, and even the most fortunately
situated from a financial point of view
found it difficult to raise ready cash.
This unexpected condition of affairs
worked a hardship on Mr.. McChesney,
and it required time and much person
al eXertion to procure the means to
continue the project that he is at the
head of, and naturally the pay roll fell
behind for a short period However,
he is a man resourceful and tenacious,
with unwavering confidence in the
property he is developing and proposes
to carry through to success, and con-
nected as he is with some of the most
influential and reliable residents of
Alberta he has been able to overcome
the temporary difficulties. He is back
here prepared to meet every obligation
and continue the work his heart is set
upon.
This paper has had little to say of
the Ivanhoe in the past simply because
the company was not counting public
ity, preferring to go on making mine
without the loud acclaim and eXtrava-
gances promises that too frequently
heralds the beginning OF Mining ven
lures that in the end fade away into
nothingness, leaving q horde of small
investors to bewail their lack of judg-
ment and to curse the country that
swallowed up their small savings.
The Ivanhoe people were not hawking
shares on the open market, and hence
were not taking the public into their
confidence for the purpose of touch.
A more legitimate mining venture
has never been known in Okanogan
county. The claims consisting the
group were bought and paid for after
thorough investigation by experts.
plans of operation were carefully laid
out under the supervision of eXperien-
ced mining men, and the oLo aim and
object has been the making of a mine.
From the preliminary steps to the
present time everything has been done
in business-like manner. Mining has
been carried on as mining is conduct
ed in districts where that industry is
ton has been met promptly and dur
ing the time work has been in progress
the company has Gisbursed over $780,
600 in labor and in supplies purchased
in the country. All this vast sum has
been put in circulation in this i'm
mediate neighborhood, and no favors
have been asked in return, neither
has a cent been contributed toward
the total expenditure by residents OF
this county. Opening up quartz
mine requires the expenditure of mon
ey, very much money, before dollar
of return can be expected. The men
behind this organization recognized
this fact and the amounts necessary
fer continuing the work have been
promptly contributed. They were
satisfied to meet the cost in the antici-
patton of final returns on the invest
appointed, for every indication justi-
fies the expectation of handsome divi-
dends in the future.
AS has been frequently mentioned
the lyanhOe is one OF tn Oldest mining
locations in northern Okanogan coun-
ty. The main ledge was opened by an
incline shaft when prospecting first
commenced, and years ago, with a
small stamp mill, orc was reduced tC
concentrates and shipped from the
mine, with a wagon haul of over lO(
miles, at a profit When the present
company started operations it was de
cided to drive in a working tunnel tC
reach the main ledge, with the certain
ty of cutting parallel lodges as The
work proceeded From the portal o
that tunnel was a long distance t(
get under the original shaft, and th'
goal has not yet been reached afte
months of steady labor. But it viii
be, for that is the objective point, ant
1t is the intention to continue on unit
that objective point is reached.
The tunnel is now in several thous
and feet, and the operators have ever
reason to be we'll satisfied with wha
has been encountered. They have no