The Canon City record with which is consolidated the Canon City cannon., 1917-03-01

LARGEST ZINC
MINE BROUGHT
$4,000, 900
EMPIRE ZINC COMPANY, OWNING
REDUCTION PLANT IN CANON
CITY. COMES INTO POSSESSION
OF THE BLACK IRON
THE CHEESMAN ESTATE
OWNED THE GROUND


in, money was made Tuesday. The
Black Iron. the largest zinc mine IA
the state, one of the richest ever dis
covered. was sold by the American
Zinc company, Of which A. X Nc
Daniels of Denver is the head. to the
Empire Zinc company of Denver and
New York. The Cheesman estate o,
iSepyer sold the ground. and received
about si.ooo.ooo; the American Zinc
company received approximately s3.-
0oo. 900 for the lease and bond on the
property 1t secured two years ago
The transfer was completed yester.
day. when the Empire took charge OF
the mine.
The Black Iron. a group consisting
VI thirty claims covering one-thIrd
of the lime formation of Battle noun
tain. In Eagle county. was secured by
Walter checsman by location and
purchase In 1879. Thru all the years
the properties remained in The harls
Of Cheesman or the Cheesman estate
W. ~. Deuel. OF Denver secured bod
and lease for ten years f.Jm tho
estate and Interested the American
Zinc company In the property. Al
mpst from The first the production OF
high grade zinc has been under way.
For two ytars the Black Iron has pro-
duced from 800 TO $50 tons a day. the
ore running from 40 to SIS per cent In
zinc Tie deposit Is practically mex
hnustibie. The mine is considered
good for an output at this rate for
many years. The lease proved highly
profitable Deuel.. who retained an
Eighth interest for his commission in
negotiating the lease and bnnd from
the lhecsman estate. drew o fortuna
In profits from his interest and last
summer disposed Of IL TO the Amert
can company for $50. .o0o-
II has been . highly proatAbls min
ins venturc for an concerned Tho
American company transfers to the
EAOirc Zinc company for 4 proft of
$1,000. 900 over and above the large
SUM CLEARED from its cut-putting of
ores during the two years OF its op-
er1tson-
BY the purchase Of this group the
Empire Zinc. which has also beea
operating heavily In the district for
years. becomes the owner OF practic-
ally the entire lime area ''of Battle
mountain. Its holdings include fully
100 claims, approximately 1000 acres.
three miles in extent. reaching from
Red Ciin to Gilman. The ores will
30 to their zinc reducing plants in
Kansas and Colorado.
II secures with this purchase the
control OF practically the entire out
pue of zinc In Colorado and becomes
one of the greatest producers as woll
as smeiiers Of zinc in tho mining
world.
Since It's advent into the Colorado
mining field the company has grown
from n manufacturer of zinc pigment
In a small plant at Canon City 10 one
of the worlds mining powers. com
manding factor In the business OF zinc
mining. How many millions It has
made from the Increase in the world
demand for zinc thru the attention II
has paid to developing an ignored pro
duct of Colorado mines. only those In
It's secrets win tell. The president VI
the company is Edgar Palmer. who
resides In Rye. Conn. and the New
York offices are At IS Wall street.
The gonenl manager ls J. H. Tront-
Anan. with Offices In Denver.
For years the Black Iron group was
chiefly valuable for it's deposits OF
manganese ore. The Colorado Fuel
- Iron company worked II for years.
producing the manganese needed In
sts steel plant At that time the pres
once Of sinc IN mine was viewed -
a. curse. q dstrimsnt- The enormous
bodies Of zinc In the Black Iron had
TO b handled under protest or left
untouchsd 10 the Slopes The TO
pherlng for Iron In this way left the
mossive zinc bodies blocked out ready
for the ainc miners who came after.
after the mining world had solved the
ameiting problems Of elmo carbonates
aud sulphides and the commerce Of
he world had put higher price on
spelter. The millions being made to-
day Justify that eArly-dAy faith Of
Walter ChessmAn. Who. having once
believed IN the value Of the group.
could not " induced to part with Il
unafl IL destiny had bsen rsalissd.-
Denver Past