The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-11-18
FEDERAL AND HECLA
SETTLE APEX CASE
Hecla Comply Buys
Ground in Dis
pute
ALSO TIGER--POORMAN
Position of Marsh a Matter
of Much Speculation--May
Also Settle
ALSO TIGER--POORMAN

TIME FINAL step was taken last
Tuesday in the settlement of
the apex litigation between the
Federal Mining & Smelling
company and the Hecla Mining COM
pany when deeds were filed for record
in the Office of the county recorder
formally conveying to the Hecla Min
/ ing company all right, title and in
terest OF the Federal company in and
to the Russell and Mono Fraction
, claims and the Tiger PoOrman group,
subject to existing leases and agree
ments The deeds were executed in
New York on November 5 by F. H.
Brownell. president of the Federal
Mining & Smelling company. An
nouncement that an agreement had
been reached was made in the follow
ing brief statement authorized by
Frederick Burbidge. general manager
of the Federal, and James +. McCar-
thy. general manager of the Hecla,
last Friday:
Terms of Settlement.
"a settlement of the litigation be-
tween the Federal Mining & Smelling
company and Hecla Mining company
has been made, under which the Hecla
pays the sum Of $45O.OOO for title to
the Russell and Mono Fraction claims,
and a release of all claims for tres
pass. The Federal company will en-
deavor to make an adjustment of
such claims as the Marsh company
may have by virtue of its lease of
these claims from the Federal. Fail
ing to make such an adjustment the
Marsh company will, of course, be at
liberty to continue the litigation on
it's own account The Federal COM
panv has also sold its other holdings
at Burke, known as the Tiger-Po
man group of claims, to the Hecla
company for the sum of 100000"
Millions Involved.
It has been just about year since
the Federal Mining & Smelling COM
pany instituted suit in the United
States court against the HecIa Min
ing company alleging that the least
vein" Of the Heca had its apex within
the Russell claim, owned by the plain
tiff and under lease to the Marsh
Mines company. The suit was brought
to establish the right of the Federal
to the vein and recover the value of
all ore extracted by the Hecla com
pany nomnally placed at S6,0OO,OOO.
The Marsh company entered the
case as an intervenor. Both the Fed
eraI and Hecla retained an array of
legal. geological and engineering tai
ent. men who are world famous in
their respective professional lines and
the stage was set for a legal battle
that would ultimately have been car
ried to the highest court and require
several years to reach a final conclu-
sion Following the filing of the suit
the Federal took over the work from
the Marsh and continued sinking the
Shaft from the Russell claim on the
vein which was expected to penetrate
the Hecla workings in about 1000
feet thus giving physical proof of its
contention that the least vein" had
its apex within the Russell claim. At
the same time the Hecla was equally
busy both underground and on the
surface in carrying out work to prove
that the apex was within the Hecla
lines. The sudden suspension of work
hv both the Federal and Hecla few
weeks ago was the first intimation to
the public that the matter was being
negotiated. in fact that an agreement
had actually been reached on all es-
sential points. No further details re-
the settlement have been Civ
en- out beyond the statement quoted
above.
A Good Settlement.
The terms Of the settlement, to-
gether with the acquisition by the
HecIa of the Tiger Poorman group.
ire generally regarded of great adj
vantage to the Hecla. The company
acquires undisputed possession Of the
great least ore body" which is known
% he of tremendous value and extent
While the Tiger-P Oorman group was
lbandoned many years ago by the
federal after it had been worked to
lepth of 22OO feet, it has long been
Understood that much ore was left
hat may be profitably worked by the
Tecla, and with a strong probability
hat new ore bodies will be found. In
.ddition fo the mining ground. the