The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-06-28

4
immediate development of a
large group of claims which have long
been regarded as among the most
valuable tracts of undeveloped ground
in the Occur d'Alene district. Through
this deal strong eastern company
represented by D. f. Haley, consulting
engineer for the Interstate Callahan
company, has taken over the Flynn
group of seventeen claims lying In
general terms between the Star and
Ivanhoe on the east and the Frisco
and Black Bear on the west. The
negotiations have been in progress for
several months, the Flynn Group COM
pany being represented by Joseph F.
Whelan, postmaster at Wallace and
the largest stakeholder in the COM
pany, and his brother, Thomas Whe-
Ian, who returned from the east few
weeks ago. where after several months
teresting strong syndicate in the pro-
perty, Following Mr.. Whelan's east
ern negotiations Mr. Haley made an ex-
haustive examination of the property
and recommended that it be taken
over in conformity with the terms
agreed upon with Mr. Whelan condi-
toned upon the result of Mr.. Haleys
investigation. The negotiations were
therefore successfully closed yester-
day and work on the property will be-
gin at once.
Drive Long Crosscut.
The terms of the deal are not made
public, but it Is authorltatively stated
that the purchase price together with
the amount to be spent in equipping
and developing the property will re-
present an investment of approximate
ly three quarters of million dollars.
Three strong and Independent veins
erly and westerly direction and are
generally designated as the Morning,
You Like and Hunter. These veins
have been definitely located on the sur
face, but nothing in the way of deep
development has been done except
driving a crosscut 700 feet near Black
Bear the portal of which is within
$50 feet of the railroad track. This is
an admirable tunnel site for the per-
manent development of the property.
Under the terms of the deal the syn
dicate which has taken over the pro-
perty is obligated to extend this tun-
mel to an intersection of the first vein,
which means driving it $500 feet. This
work will begin Immediately, in fact,
it Is believed that men are already
engaged in shaping up the tunnel and
a foundation for the COM
pressor, which has been ordered The
speed, and it is estimated. that after
allowing for time required to install
machinery and other Unavoidable de-
lays, the $500 feet Will be run In Is
months, or at the rate of 800 feet per
month.
The Fortunate Owners.
The stock of the Flynn Group Min
ing company has been closely held,
and the Whelan brothers had full au-
thority from all parties in interest to
close the negotiations without an
noying delay. Following are the
names of all the stockholders: Joseph
II. Whelan, Wallace; James ]. Cronin,
Wallace; John Hayes, Gem; Mrs.
Margaret Flynn. Pittsburg, Pa; Mrs.
Catherine Godfrey Coughlin, Butte;
Mr.. and Mrs. Franklin Pfrman, Wall
lace; Timothy Mccarthy, Lane; Mrs.
Cora Morphy, Spokane; B. w. Karn,
Missoula; M. w. Karn, Wallace.
Big Proposition.
The Flynn group is in the midst of
one Of the big proved mineral belts
of the Occur d'Alene district, and
there is every reason to believe that
the strong syndicate that has taken it
over will develop one Of the greatest
mines in the district. That 1t will
be developed energetically does not
admit of a doubt in view of the class
of men and the large financial re-
sources back Of the, enterprise.