Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1922-01-26
Cascade Mines & Mills
May Now Triple Stock

Applicstion of Paul A. Cow. Butte
Engineer and ~stockholder, for an in
Junction restraining the Cascade
Mines and Mills company of Neihart
from proceeding with an increase of
the capital shares of stock in the COM
pany from 1000. 900 to 5000, 900, has
been denied by Judge w. E. Carroll.
Cow claimed that ID. w. O'Connor, as
special administrator of the Mcclure
estate, had no right to vote the stock
of the Mcclure estate at the time the
stockholders voted to increase the
shares by 2.000,0 00. Judge Carroll
upheld the right of 0'Connor to vote
the stock. The increase in the mum
Der Of shares was made for the pur-
pose, company officials say, of in
stalling the Swartz process, claiming
it was necessary TO properly develop
the mining properties held by the
company and in the interest of the
stockholders. 1t is said that the con-
~struction of the new mill at Neihart
for which the financial arrangements
were made at the above mentioned
meeting will be begun in the spring.
w. L. Creden, vice president and
general manager of the Cascade COM
pany, gave a description of the char
acter of the mines at Neihart at the
court hearing, and stated that the
Swartz process was thoroughly prac-
teal for the treatment of ores at these
mines, and that he had recommended
the use of this process. He testified
that the proposed plan Of increasing
the capital stock of the company from
one million to three million dollars
and the setting aside of $500 900 TO
the syndicate would install the {
Swartz process. and to the develop I
ment, requiring the extension of a '
lower working tunnel about HOO feet, 9
thereby opening up expected large =
bodies of milling ore, the company .
would be able to stand its present fl q
nancial trouble and soon be placed on ?
a dividend paying basis. This would i
leave, according TO Mr.. Creden, q sub {
~stantial number of shares in the treas $
ury of the company to meet the need 4
of any additional capital, if it be nee a
essary, otherwise nothing could be done K
except let the properties 90 to the Il
creditors with loss to all of it's pres L
stockholders. b
The process, said Mr.. Creden, con-
of pulverizing the sifver-lead- u
zinc ores to a great degree of fine p
ness, her mixing it in a combination Il
with a binder and with finely ground N
coal. putting it through a R
blast furnace, violating all of the me- A
al contents and from thence to a bag N
where the resultant dust as to d.
inc would be zinc-oxide Of good COM in
value and silver easily sep W
lrahlel bysuhsequeHt- eA pref
esses, the gold values, if any, being
eft in the center of the blast furnace
of being crushed and other
rise treated economically. tie
The problem heretofore has been sc
0 get the metals volatized in the blast WI
urnace first, without being thrown tn
'ut in the dust form by the blast be fe
ore being converted to the gaseous sl
n volatized form by the Swartz pro
ess, the "binder" material fuses
irst before the coal; the binder"
a temporary coke Of itself,
within itself a pulverized ore :.
4 the finely ground coal, all in form sh
efficient to prevent being forced by ia
blast out of the furnace, and n
it until the coal content it. =