The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1915-09-10

posed for its entire width of about Is
feet. The values are claimed to be
about the same as they are in the
tunnel Immediately above: Mr.. Al.
lens average Tor Is feet in width of
ledge; being $ll.58 in gold. Part ,of
the immediate work to be undertak.
en- under Mr.. Hills management, is
the clearing ont and re-timbering of I
this tunnel, as we'll as careful sam. /
pling OF the ledge where exposed.
In all the deeper workings on this |
ledge the ore is found spotted with
sulphides, and it is the opinion OF all
mining men who have examined the |
property, that further development
along this deposit, especially along
the deeper horizons, will expose solid
bodies of sulphide ore. The officers
and directors of the company will
await the returns OF Mr.. HLIs sam.
pling and his general report and sug-
gestions before authorizing any ex-
tensive improvements.
| Considering the next general Ques-
tiun The Alta Mining Company is
capitalized at $500, 900, in shares of
the par value Of 81. All of this stock
has been issued and fully paid for by
the acquisition of the full title to the
mining property described. The
r.onNar ,Na ~ IF fbo ctOcH waS how.
lever, turned back to the company by
, the owners thereof, to be sold by the
company from time to time, at such
price per share as the Board of Di-
rectors should decide, to provide
funds for development and equip
ment with mills or other reduction
works whenever deemed necessary
At the present time approximately
60 600 shares of the stock are owned
! by the former owners of the proper
= ty, and such shares are represented
: by the claims themselves and the ore
already exposed. 1t is unsafe to offer
i an opinion at this time as to the net
value of this ore, but it is safe to say
= it is very much more than The paI
i value of the stock now outstanding,
so that the former owners in taxing
y in return for their enterprise a value
in stock so much less tnan the value
:, OF the ore exposed in the property
I. are dealing with unusual fairness
i with the public who are asked Il
u subscribe fol additional stock. Tht
D sun iii amount of treasury stoci
jy which is offered at the price OF D
s. cents per share, actually is represent
Is ed in the ore ex posed in the Goldel
le Rule group by considerably nor'
IN than 81 in values. In the matter 0
d. management, the directors and STOCK
s. holders are congratulating themselVe
le in having secured the services OF Mi
IN Emerson Hill. He is we'll known a
1T an experienced and conservative mir
ly ing man, one in whose Judgmen
de some of the most we'll known minin
h. Investors have the fullest confidence
a That he refused tender of the mai
n agement of other we'll known minin
a ventures in this county in order
" accept that of the Golden Rule min
e. is an evidence of his opinion ot Il
u future worth of this property.
is 1t is understood that the count
re will be asked to cooperate with I'll
ce Forest Service in constructing ne
1T, wagon road from ths city limits, q
ire the fork of Jesse creek IN whlch I'll
il mine is located, TO connect WIN u
he present Leesburg roid higher up
ew Is claimed that such new ros
he would not only cut out the hsd'
8 grade on tne.loRer part OF the pre-
as ent road without unduly increasi'
re- its length, put would also be serVlc
or able to this city as wood roa
,en tbara being a very heavy hrowth
Ike excellent wood and merc1antaL
AK timber growing and untouched alo
les this fork of the creek. Shouio u
the new road be built, the Golden he
,nv mine would then be about MI
s4s frnm the city. and have the ad'ar
nile aqe of an easy grade over Whico
in haul machinery aud other suppl'
mis- salmon business men are becOm'
rm. ksenly interested in the prospects
as this property. With the resump :,
cen of work ON the Queen OF the MI
IoOo and the q. P and Burlington p
vail perties, also in our immediate VIC
sol ity. ootn expscted in the immeai
,nt,,re. it only remains for the 20
en- Rule to employ force OF men
Oh its operation, to insure soo' eta
0" general business in Salmon
is BsH"'