Weekly journal-miner., 1915-07-08
A Rumor From Needles.

LSlQ d SOhlCA lAAC4C INV hoy ago with certain officials of the Tell i uride company and that he is now going over the salient points there of with the other members of the syndicate in Los Angeles. Long made an examination of the Tellu- ride ground some weeks ago and thereafter is said to have expressed the opinion that the Tom Reed ledge passes through it on its southeast trend. If Longs deduction is cor rect-and there are many geological facts to support it-the Telluride would be most valuable holding for the United Eastern, as it would give the company ownership of property adjoining the Tom Reed estate on both ends, and carrying both the southeast and northwest extension ot the rich Tom Reed ledge. The rumor of the purchase of the Telluride by the United Eastern company has its origin III these facts.
 The Telluride company has for nearly four years courageously car ried on development campaign un- der a handicap of insufficient funds, confident that success would ulti- mately crown its efforts. Eventually, however, the burden became too heavy and so plans are being made to transfer it to the shoulders of men of greater financial strength. The surrender carried naught of dis credit to Mine Manager "Pete" Mcdonald and the men who for four years stood valiantly behind him in an uphill fight against ad- verse circumstances. They fought good fight and quit only after the last dollar had been spent and the last round of shots in the magazine had been fired. The new manage ment will find awaiting it shaft 400 feet deep, with crosscuts on the 200 and 400-foot levels, and vein of remarkable width that carries mill ing values of an encouraging nature.
 Holden Mill Plans.
 For a number of weeks, until re gently, E. R. Holden and Richard Kline, both of whom arc well known figures in mining and milling cir cles, were engaged in inspecting the ores and ill interviewing the mine managers of this district with the avowed purpose of determining whether it would pay them to es- tablish milling plant here for the treatment of custom ores. Holden and Kline arc at present in Los An geles but purpose returning to this camp within a short time. During the interim they will outline their milling plans.
 Mir. Holden is a mill and smelter man of many years experience and one whose expert knowledge of ore and ore reduction processes is con ceedcd by the mining world. He has tke distinction of having built the first shelter in Lcadville, the great carbonate camp of Colorado. Lat CT he was connected, as owner and manager. with a number of the larg- est milling and smelting plants in the west. His decision to engage in the milling business here may, therefor, be accepted as distinctive proof of the vein and value permancncy here abouts.
 Will Build Soon.
 Judging from the statement made by Mir. Holden in letter to prom inent mine manager here, there is reason to believe that the Holden mill will be in course of construc- ton within three months. The mine manager in question informs me the letter states that Holden has prac- tically decided to erect the plant on the broad flat near the Old Trails townsitc and that the Colorado river will be the source of its water sup ply. The proposed plant is to be of at least 20-stamp capacity and adapt ed to the reduction of both oXyide and sulphide orcs Exhaustive tests Of the ores of this district arc to be made prior to determining the na- turc of the plant, and immediately thereafter the work of building 1t will start.
 It is understood that fire and chem ical tests of the ores arc to be made in Los Angeles under the personal supervision of Mir. Holden. He has requested the mine manager before mentioned to forward to Los An gclcs a ton of oXyidc and a ton of sulphidc orc for test purposes. The mine from which ore will be shipped has vein material well adapted for the proposed tests, and is located nearby the United Eastern and the United Western estates.