The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-10-25
ST. LAWRENCE COPPER.
COMPANY INCORPORATED
A NEW ORGANIZATION TAKES
OVER pRoPERTY-MUcH
ORE AVAILABLE.

Articles of incorporation of the st.
Lawrence Copper Mining company
lave been filed under the laws of Mon
tana. The incorporators are Henry
NJ. Lancaster, formerly Of this city,
now of Saltese F. w. Dewart of Spo-
kane; William Saugsted, of Saltese; o.
W. Carters Of Mullan, and Samuel B.
Holbert, Of Pittsburg, Pa The COM
pany is capitalized for 100000, di-
vided into an equal number of shares
of the par value of 81 each. The pro-
perty taken over by the company con-
sists of six claims at the head of Silver
creek, about six miles from Saltese
along the Idaho Montana divide. The
st. Lawrence Is owned by Angus and
ID. j. Sutherland, of this city, and has
been operated during the past year UNI
der bond by II. M. Lancaster, who
has now transferred his interest to the
new company, and of which he Is pres
ident. Samuel b. Holbert is vice pres
ident and r, w. Dewart is secretary
treasurer. These with the other in
WI poiatoiS constitute TIE bpdTu OF III
rectors.
Property of Great Value.
The Sutherlands have held the St
Lawrence for many years and at var
ions times have shipped considerable
ore from the property Since taking 1t
under bond Mr.. Lancaster has accom-
plished much in the way of opening up
the ore shoot and has made regular
shipments during the summer and fall,
two four-horse teams now being en-
gagged in hauling ore to Saltese. Dur
ing the summer he built a good wagon
road to the property one that he will
have no difficulty in keeping open when
the heavy snow comes and which will
enable the company to ship all win
ter. There is plenty Of ore practical
~ blocked out in the present workings
to maintain shipments during the WIN
ter A crosscut is being run which
will give 200 feet additional depth on
the ore This crosscut Is expected to
cut the ore shoot in about 400 fet. III
timately another tunnel will be run |
that will give a further depth of 500
feet below the new crosscut
Richmond Wanted ST. Lawrence.
The attempt to enjon Mr. Lancaster
from operating the St Lawrence few /
months ago by Laidlaw, Incorporated, +
OF Spokane seems to have been insti-
gated by the Richmond company.
which joins the st, Lawrence on the
same veins Sutherlands owned half of
the st. Lawrence and held the other
half under bond from the Finch &
Campbell estate for $4,000 Suisse
quent developments indicate that the
purpose of the injunction proceedings
was to prevent Lancaster from making
his payments to Sutherlands with the
expectation that Sutherlands would
then be unable to pay the bond to
Finch & Campbell, which was due on
October L. In anticipation of that sit
uation 1t is stated that representatives
IF the Richmond had an option to buy
the Finch 4 Campbell interest But
the injunction was thrown ont of
lourt and Sutherlands came through
With the cash to take up the Finch &
Campbell bond on schedule time. Lam
'aster now appears to be strongly in
renched in the possession of the St
lawrence, backed by company With -
trong financial resources and it is
With considerable satisfaction to him ,
hat II was Richmond money that fin
lily blocked the Richmond plan to gain v
nntrol of st Lawrence. ="