The Alaska daily empire., 1915-10-21
WRANcELLITES
 BUY DENIES
 ELBOW STOCK

1LoOW oAOLA
 o-
 Citizens ol Wongell hoYe purchos. ed s5.000 worth of stock in tho Devils Elbow Mining property located on tne Stickine river and which was recent iy purchased hyJ D. chilberg, Jasot Lindebors. sam Siiverman, C. q. Brick son and others. and which was rec enty examined by Hamilton R. Plate of Juneau and New York The proD- er.y was purchased by Q company in which chose named orc the moving spirits from J. c. Calvin,
 The Wrongeililes made their sub scripdous at @ public meeting after sam siivorman had addressed the meeting. describing the property and Inviting the citizens or Che community to cooperate wli0 them in its devel- opment P C. Mccormick headed the subscriptions with one for $t,000.
 The Sentinel contains tho following concerning MT. Siiverman's statement of the property and the action of the citizens"
 "Wrangell has never been advertise ed as mining section ond ] never had heard much about any very big prospects here until Mir. Jerry Calvin showed me some samples of orc in the Rainier Grand Hotel In Seattle. said Jerry ] have mind to go up and look at this as it looks good. So we came up and looked at the property at Devils Elbow and sue ceeded in interesting Mr. Chilberg and other capitalists with the pros. poets Co the extent that the company was formed and work was started on the fifteenth of last June. We have uncovered some fine looking ore since that time but Of small opening on lhe vein we have taken about 150 tons or orc that went about {l00 to the ton. went outside and purchased some necessary machinery, but the season being short. did not get 1t back here in time to get it up the river and it is now scattered along the river bank where we are forced to leave it unti next spring. We have spent 5000 to get this machinery within 90 miles of our landing. My associates concluded to visit the mine this fall and SO arrived at the time we were taking the machinery up the river and when we stuck on the riv- CT. Jafet Lindoberg and r. R. Plate, mining engineer. and other boiled up to Devils Elbow and looked the prospects over And here want io state that the report that Mr. Plate has condemned the district Is erron- eous.. Mir. Plate simply made the trip as O friend Of my associates and not as an engineer and the report that he has turned lt down Is not so Mir. Plate Is planning on returning next summer and examine the prop erty after the winters work and be told Mr. Chlberg that the mine was certainly worth further investigation. Hence. as we did not get the machin cry in this winter several of my as- sociates were in favor of closing down for the winter but preferred going on with the development work
 In speaking of the development Of the property Mr. silverman says: "The showing In the lower workings of the mine has excelled my most sanguino expectations. The character of the ore is Identical with the ore now being treated at Butte, Montana, where they have O silver. lead and zinc and copper ore for treatment As far as the values are concerned, the grade of the Stickine Mining com pany's ore is fully double in value of similar one being treated from the Butte and Superior Company where they are handling 1900 tons day at a large profit and with only half the values of the Sticbine ore. While the past year has been an exception ally dry one making navigation on the river difficult. the Stickine is no worse than many other rivers in AL aska. and with tho proper boats the difficulties can be overcome. The ore iron. this section can be mined, concentrated. transported and smelted at @ cost of about $1O per ton. The SticSine Mining company's property Is not the only prospect in that sec tion. for there are many The min eral zone IS 5000 feet wide and has been prospectod and traced back from the river for three miles The dis trit is wonderful and am not dis heartened at the prospects and want to keep digging this winter with a small crew of seven or eight men,"
 At the close of hig address Mir. Sil- ! stated that several Of the business men Of Wrangell had ap. preached him and asked # 1t was possible to purchase some of the stock of the company, as they were ! willing to show their belief in the de- ! velopment Of the section and help in ! showing the value of the country 10 ! a mining way, by SO doing and to ] give them chance, O small block of the treasury stock would be offered ]
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