The Canon City record with which is consolidated the Canon City cannon. (Canon City, Colo.) 1911-192?, 1919-09-25
LOCAL COMP ANY.
TO UNWATER old
MAVERICK MINE
ROSETTA T'WNS|TE
Excellent Mining Proposition is
Being Undertaken by Canon
City and Florence Men.

The Rosita Mining and Milling Com.
pany, a Fremont county corporation
composed principally OF Canon City
and Florence stockholders. has yfgor.
ously taken up the matter OF the de.
yelopment of rich silver and lead prop
ertise in Custer county. and II is ex.
pected tnat its enterprise will give
big impetus to metal mining in that
section The company is capitalized
at 100000. with all of the stock paid
up and worcestershire. Joseph NJ
Bradley of Florence is president of
the company. f. II. Stinemeyer of this
city, vice president. and jackson Tay.
Tor. Jr., OF Florence. secretary and
treasurer.
The company was organized more
than two years ago. but the war COM
ing on shortly afterward the under
taking was allowed to remain quies.
cent until the return of peace when il
could be taken up with greater sssur.
ance OF success. Matters in relation
TO 1t have been taking shape for some
time past and the company Is now In
position to push its exploitation in
.he most energetic manner.
The company owns the old "Mayer.
lick" property on the town site of Ro-
sta. first worked in 1872. and from
which more than 100000 was taken
In years gone by. In addition TO this
II owns what is known as the "Leav-
enworth group" besides 40 acres OF
patented claims in the vicinity. all Of
them highly minersiized- There are
s~a uh 80. la.
OF them 1875 feet deep and the other
so feet deep. These shafts are 40
feet part and are connected at the
bottom by a tunnel Both are full Of
water. and the FIRST work of the com
pany will be 20 unwater them. Plans
are now being carried out to beglr
pumping operations. and IL Is believ g
that within the next FIVE or six weeks
the task will be accomplished.
Each of these shafts penetrates
s-yen-foot metailiferous vein in which
the pay streak" is more than three
feel vide. The deeper shaft reveals a
silver lode with ore carrying more
than 20 ounces OF tina; metal to thu
ton. The other shaft passes through
a Galena vein with 20 per cent lead
ore. The special character Of the
ore. by reason OF the coinbinaiicn Of
metals in q. Is easily melted and can
be treated very cheaply. There is an
immense quantity OF ore in sight and
there f. no engineering difficulties in
the way OF getting 1t out There Is
1000 tons OF old rock on the dump.
which assays s13 to the ton. 1t is
computed that 5 sa ton will pay for its
trans portation and treatment at the
smeiter. leaving net profit OF S. a
ton. or $4,000 for the whole amount
The company believes that rs a re-
suit OF the war there will be big de
mand for silver for many years to
come. especially in China. India and
the Far East and that its market
price will continue at the present QUO
tations. or above them. I, is down
hill haul OF II miles from Rosita 10
the railroad at westclifie. and Il will
cost perhaps 81 a ton TO deliver II
there from the mine. The rel trans.
portation from Westclife to the smell
ter will be $3.50 ton and the smelt.
ing charges $500 ton. II formerly
cost s25 to get a ton OF Rosita ore
treated at the Salida sme'ter.
The stockholders OF the Rosita Min.
ing and Milling Company are highly
optimistic over the outlook ahead OF
them. a meeting OF the directors of
the company was held at the oSice Of
jeffrey 4 Stinemeyer in the Harding
block. 40l-i03 Main street, last Mon
day night. at which various matters
pertaining to the enterprise were dis
cussed Among the Florence people
in attendance were Senator J. G.
Johnston. County Commissioner J. v
McCandiess. DIR. r. c. Atkinson.
owen Price. l.. S. WINNER. w. w.
Cafky. f. II. Sabra, Jackson Taylor
Jr, and Joseph NJ. Bradley.