The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-04-06
SALE OF MIDNIGHT.
TO THE FEDERAL co.
PRICE PAID WAS $4,000
After a Large Expenditure
Find Midnight Veins Apex
in Morning Ground
PRICE PAID WAS $4,000

z Asst FRIDAY the Federal Min
ing & Smelling company eXer
cised the option it had held on
the property of the Midnight
! Mining company by making the full
cash payment of $4,000 to n. c. Sher-
| idan, manager of the Midnight and
owner of practically all of the Mid
the Midnight claim. lying between the
You Like claim on the south and the
Evening claim on the north. both own
ed by the Federal as part of the Morn
ing group and the hummer Fraction,
joining the Midnight on the east. BY
acquiring the Midnight the Federal
company secures ground almost in the
center of the Morning group which is
of great value both from the stand
point of mineral and as a protection
against possible conflict over apex
rights. Control of the Midnight passed
into the hands of Jones e Baker, of
New York, some five years ago, a fl
nancially strong firm which finally ac-
quired complete ownership of the stock
of the company. A systematic plan of
development was carried out, most of it
under the direction of Mr. Sheridan.
This work, consisting of surface
trenching to determine apexes and ex-
tensive underground development, in
Guiding prosecuting, drifting, raising,
etc. aggregated 1925 feet and in con-
nection with equipment and other OPP
Grating costs represents an expendi-
ture authoritatively estimated at $780,
OOO All of this underground work
was done through the Fannie Gremm
tunnel at a depth of approximately
1000 feet from the surface.
Located Under an UnlucI<y Star.
Situated between the great Morning
vein on the north and the You Like on
the south. and with a vein and ore shoot
OF equal promise exposed within its
lines, the Midnight claim was for years
regarded as one of the most valuable
locations on famed Chloride hill. Many
years ago when No. tunnel was run
to provide a deeper outlet for the
Morning mine it was necessary to
cross the Midnight claim to reach the
You Like vein. A shOrtdistance from
the You Like side line this tunnel cut
a large and promising shoot of ore in
the Midnight ground. 1t was chiefly
on this showing that the owners ex-
tended the Fannie Gremm tunnel into
the Midnight ground, which resulted in
up considerable ore on that
level. 1t was afterwards bonded and |
in addition to other work connection |
was made with the Fannie Gremm lev
Ell by raising from No 5, a distance of |
over 300 feet. However, the bond was |
given up for some cause or other, and |
finally Jones & Baker took it over
some five years ago. The first thing
they did was to determine the apex of
the vein cut in No and this was
found to be on the You Like claim,
)ne of the Morning group and owned
)y the Federal company Another
yein had been cut by No. within the
Midnight lines not a great way from
he north side line of less promise than
he original Midnight vein, but never
heless a good prospect. A crOsscut
evel and it was drifted upon for sew
raj hundred feet, showing a small
hoot of ore continuously, in places
light or ten inches of high grade. The
lip and strike of this vein again raised
he question of apex, and in order to
ettle this, a raise was made on the
-ein between 500 and 700 feet, which
With the disclosures on the surface in
Heated conclusively that while the
'ein entered the Midnight claim
through the west end line it evidently
rossed the north side line into the
evening claim of the Morning, leaving
comparatively short section of the
-ein indisputably within the Midnight
lain. 1t was here that Jones &, Baker
brew up their hands Two veins with
re and both apexing on neighboring
round.
Sheridan Called East.
1t was soon after this discovery that
Ir. Sheridan was called east to confer {
With Jones e Baker. He found Mr.. (
ones not merely discouraged, but dis {
'usted with the outcome of his mining {
perations, for several other mining ,
which he was financing in {
ther parts of the west had also proved
after large expenditures.
lie had decided to quit mining for a &;
ime at least and after going over the
ituation in much detail Mr.. Sheridan !
greed to take the Midnight off his ]
ands, paying little more than the val
e of the machinery. Upon his return
IT. Sheridan disposed of all ma {
hinery and equipment, and soon /
hereafter entered into an agreement ]
nth the Federal company for the pur. g