The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-01-18
SALE OF GIANT LEDGE
BY MANAGER
NEW COMPANY TAKES OVER
PROPERTY FEBRUARY l.
TAYLOR TAKES REST.

Charles c. Taylor, manager OF the
Giant Ledge Mining company. was in
the city Tuesday and in response to
an inquiry confirmed the report cur
rent during the past week that the
property of the company had been
sold The purchaser is L. o. Toilet
son, of Spokane, who takes it over
through the purehaes of the entire
outstanding stock. Mr.. Tollefson is
understood to represent eastern cap
ital and is now in the east complet-
mine and carrying out an extensive
program of development. Mr. Taylor
will remain in charge of the property
until February l, when he win be re-
lieved by the new management. The
Giant Ledge has long been regarded
as one of the coming mines of the
North Side, and the retiring company
would doubtless have been successful
in placing it upon a productive basis
if it had not been beset by difficulties
beyond it's control, and which have
generally held back mining operations
in that section. In spite of handicaps,
the Giant Ledge continued develop
ment and accomplished work that
seems to assure the future of the
property as a producer.
Present Condition and Plans.
There are few properties in the dis
trict in the development stage better
equipped than the Giant Ledge. All
are of the most substantial
character and the equipment includes
an electrically driven hoist, compress
or, pump, sawmill and all other facil
tiles and tools that go with a modern
mining development plant. The shaft
at the Giant Ledge is down 400 feet
about 24O0 feet In the drift westerly
from the bottom of the shaft there is
ore. both galena and
gray copper, and carrying some gold
The end of this drift is beneath a
shaft sunk many years ago to a depth
of almost 100 feet in which there is
said to be a remarkably good show
ing of gold ore The bottom of this
shaft is go feet above the drift. The
drift east has proved a lead silver ore
shoot 60 feet in length and s or 10
feet wide a good grade of ore and has
also intersected another vein 10 feet
wide carrying lead silver ore. On the |
200 level there is also a good showing |
of lead silver ore. Although no defin- /
tie announcement has been made by |
the new management, it is believed |
that the first work viii be tc sink the !
shaft 400 feet deeper, as the first step 1
toward more extensive development. !
The new company viii be incorporated |
under the name of the Giant Ledge |
Syndicate.
Taylor Will Take a Rest.
It was in 1914 that Charles G. Tay-
or his brother. John H. Taylor, and
w. w. johnson took over the old |
Granite & Allie property and organic
ed the Giant Ledge Mining company
for its development Charles G, Tay
or was elected manager of the COM
panv a position he has held up to
this time. Under his direction the +
property has been equipped and de-
DldlS NelAAACO OhN-
put extravaganza, his policy has been
10 build for the future. All buildings
and development have been of the
most permanent character, machinery
md other equipment modern and
equal to future requirements. Now
hat he is about to retire from the
Mr. Taylor can look
back over the years of his strenuous
Efforts with satisfaction, for although
1e did not make a producing mine of
he Giant Ledge, he accomplished
much work under difficult conditions
md maintained the credit of the
company by assuming no obligations
hat could not be paid when due. Up
IN turning over the property to the
lew owners Mr.. Taylor will return to
IFS home in Spokane and few weeks
ater he and his family will motor to
California with the expectation of de-