The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-08-18
CONSOLIDATION OF
C. B. AND KILL BUCK
Call Chicago-Boston
Meeting to. Take
Action
ALSO TO CHANGE NAME
Properties Join and Control
of Both is Owned by the
Callahan Company
"HE CONSOLIDATION Of the

TIME CONSOLIDATION of tn
Chicago Boston Mining com
pany and the Kill Buck Mininl
company was taken up at tn,
recent meeting of the directors of tn,
Chicago Boston and it was decided
to submit the question to the stock
holders at a meeting soon to be call
ed; also the question of changing the
name of the company will be acted
upon. The plan proposed will be to
increase the capital stock of the Chi
cagO-Boston company from 1900, 900
shares to 100000, the additional cap
italization to be issued in exchange
for the outstanding capital stock of
the Kill Buck Mining company. At
the same time the stockholders will
act upon the proposal to change the
name of the Chicago Boston to the
Galena Mining company. AS control
of both companies is owned by the
Callahan Zinc-Lead company, it may
be accepted as a foregone conclusion
that both propositions will be adopt
ed by the stockholders. But the prop
ositions would doubtless receive fav-
orable action even if the control was
otherwise held, for it is believed that
the acquisition of the Kill Buck will
prove a valuable addition to the re-
sources of the Chicago Boston. Be
sides this consideration the fact that
the Chicago Boston shaft is on Kill
Buck ground presents a source of
snl,
will be at once eliminated through
the consolidation of the two compan-
les.
Action Anticipated.
Control of the Kill Buck Mining
company was purchased by the Gala
han Zinc-Lead company from Sena-
tor w. A. Clark, of Butte following
its acquisition of control of the Chi
cago- Boston and it was assumed at
the time that the consolidation of the
two would eventually be accomplish
ed. The Kill Buck company owns
patented claims joining the Chicago
Boston in Lake gulch and extending
up the west slope of the gulch, while |
the Chicago Boston lies on the oppo-
site slope In the early days consid- |
cradle ad-silver ore was shipped |
from the Kill Buck and it was re-
garded as one of the coming mines of |
the district. It's promising outlook in
duced Senator Clark to purchase it. /
Subsequent development indicated |
that the ore body which produced the
shipments had been carried away
from the vein by a mammoth slide
and all efforts to locate the vein prov
ed unsuccessful and were abandoned
many years ago. The miners of that
day knew little about faults and their
effect upon veins if they had the
Kill Buck vein would probably have
been found and this story would never
have been written. Soon after TAX
ing over the Kill Buck engineers of
the Callahan company made a close
study of the ground and were sue
cessful in locating the vein a few
hundred feet up the hill, the limited
amount of work showing a remark
ably strong vein with galena distrib-
uted throughout it's width and with
more or less carbonate ore. 1t is be-
heved that this vein is identical with
the loOSlOns udNAuB DCSh
thrown south of it's course by the ac-
ton of a fault which intersects the
vein.
Chicago Boston.
Following the discovery of what is {
believed to be the west end of the ore {
shoot in a drift from a crosscut run 7
from the raise to the foot wall, work c
at the Chicago Boston was transfer {
red back to the raise, which has since q
been extended through to the 200 t
level. If there are those who were in ]
doubt regarding the termination of 7
this raise, it should be gratifying to Z
them to know that it holed through a
at the identical spot designated by r
the engineer in planning the work t
The position of the ore shoot in the il
drift near the raise indicates that it's v
rake to the east carries it beyond the d
face of the drift east on the 400 level v
and it is believed probable that work V
will now be taken up in this drift and a
carried on until the ore is encounter I
ed. However this is a matter that n
will be determined by the directors OF e
the company, who are making an in n
spection of the property today A