The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1920-03-04
Ore Running Several Hundred Dollars to the
Ton Is Now Uncovered in Mine Owned
by KenOshans i'm California
Mine MAY BE- BOUGHT UNDER OPTION
Property Owned by KenOsha Gold Mining Co. with
Many Local Stockholders Yields Free Gold
in Large Quantities.

a message from Grass Valley CAL
today says that ore running several
dollars a ton has been uncovered in
the Alcalde Mine in the rough and
ready district Of Grass Valley. Speci-
mems of the quartz which have been
brought to Grass Valley show free
gold and it is said that "veritable
treasure box was uncovered by a
si2gls. rblast.
The mine was formerly known as
the "Kenosha" and it is the property
Of the Kenosha Gold Mining Company,
a company which was organized years
ago and which carried the hopes of
fortune for many Kenosha people.
The mine was taken over some time
ago by the Alcalde Gold Mines Com
Dany of which Edward e. Drake and
George w. Root, both of San Francisco,
are president and manager respective
ly. The strike was made in the 400
level.
Kenoshans Not Yet Advised
Men in Kenosha who had been
DLOAltnGMb III bilG Affairs Oh bnG Memo
sha Gold Mining Company had not
been advised Of the strike when the
facts were taken to them by repre-
sentative of the Kenosha Evening
News. They admitted that the mine
was situated in one of the richest por-
tions Of Grass Valley and that just
such strike as the one now announc-
ed had been hoped for years ago.
George w. Root who handled the mine
for the Kenosha people has not as yet
sent word Of the new discovery to the
directors Of the company but it is ex-
pected that full report of the strike
will reach Kenosha within the next
few days. It is said that several
hundred people living in Kenosha and
in the towns adjoining the city are in
terested in the company. The stock
has been held by some Of the people
Cor nearly fifteen years.
Mine Under Option For Sale
Tbs miAe may pass out of the keep
ing df the Kemesha company as some
time ago the board Dc directors Of the
companysrbcting. on the orders of the
Alcalde company. The option gave this
company the right to operate the mine
with an understanding that it could
purchase it later at price agreed up
on when the option was made Men
interested in the company declined
to give out the amount of the price
set in the option. 1t was stated how
ever that it was only small fraction
of what had once been considered the
value Of the property. One of the
clauses Of the option provides that the
stock holders shall receive ten per-
cent split of any cleanup made until
such time as the western company
exercises its option and takes over
the property The property is com
posed of twelve claims in this Grass
Valley neighborhood and announce
4aents received do not state in Just
which one Of the claims the "veritable
treasure box" was uncovered.
Officers Are Kenosha Men.
The Kenosha Gold Mining Company
was organized under the laws of
the state or Arizona more than fifteen
years ago by George w. Root. 1t has
a capital stock of half million dollars
and much Of the stock was disposed
Of in Kenosha. The largest other con-
siderable block of the stock was sold
TO investors residing at New Ulm,
Mimi.
It was estimated that the stock
held by people in Kenosha and the
immediate neighborhood had a face
value 81 more than $15O,oo0. Much
of the stock was sold at pretty close
to par.
The officers Of the company are
nearly all Kenosha men. William r..
Fisher, long prominent as merchant
in Kenosha, is president Of the COM
pany and Thomas Hansen is named
as its treasurer. The late Ralph
Sutherland was secretary Of the com
pany when the option for the purchase
of the property was made by the San
francisco men. The list of directors
of the company includes, Thomas J..
Dale, Fred Larsen, w. j. Birmingham,
William r. Howard, John Perkins and
Edward Koos Of Kerosha, August
Piper and William +. Bose Of the town
OF Somers and y. e. Bailey or Racine.
No meeting of the board of directors
of the company has been held since
the option for the operation and sale
of the mine was given. Most of the
stock sold to Kenoshans was person
ally sold by George w. Root who al.
ways sprofessed the greatest faith in
the venture and who is claimed to
have put behind recent operations his
entire personal fortune.
Although the option made provides
for the transfer of the mine and at
torneys declare that this option is
good it is expected that the Kenosha
people will make considerable profits
on the strike if the vein is found to
be Of any considerable size as they
be entitled to the ten percent Of
cleanup provided for in the con-
.fact