Montana labor news., 1936-09-24
MONTANA MINING
NOTES


Montana, has passed from the Ba-
corn-Stifel interests to a New York
syndicate, according to announce
ment recently made by Harry c.
Bacorn, for many years president
and general manager of the COM
pany, who was associated with the
Stifel interests of Wheeling, West
Virginia and st. Louis, Mo. MIR.
Bacorn recently resigned his posi-
ton with the company and has been
succeeded by Newton H. Emmons,
prominent mining engineer of Sc
attic. H. J.. Fennimore, Butte ac-
c%ountant, has been made treasure
of the company. The Bacorn-Stifel
interests took over the property
more than fifteen years ago and
have made it a successful producer
of gold, arsenic and tungsten, the
company having paid a dividend of
10 cents per share on its outstand-
ing 100000 shares last January.
Mr.. Bacorn is a mining engineer, a
director in the Gold Mining Associa-
ton of America and for two years
was vice president of the Mining
Association of Montana. He ex-
poets to take an long, -well-earned
vacation by going around the world
with his family in the fall. After
that he expects to develop some
Montana mining properties in
which he is interested. The new
controlling interests are headed by
William H. Hax, of New York, who
successfully financed the Basin
Montana Tunnel Company. Asso-
ciated with Mr.. Hax is said to be
Henry Coone, wealthy New York
broker. Mr.. Hax and associate ac-
CURED a minority interest in the
company a year ago. The manage
ment has been expanding opera
tons and %enlarging ore reserves
during the past year.
Basin Montana Tunnel Company,
operating the Grey Eagle and
Comet mines and the Comet mill,
northeast of Basin, jefferson
County, reports a profit of 41,032,-
Is, before depletion, Federal income
and state taxes for the first six
months of 1886, according to Allan
A. Ryan, Jr., of New York, presi-
dent of the company. The company
is sinking to the 700-foot level in
the Grey Eagle property, due to the
good showings of ore developed on
the 600-foot level.
Mining Congress Journal, of
Washington, D. c., August edition
carries an article entitled, Silver at
the Crossroads" by Frederick c.
Gilbert, consulting mining engineer
and metallurgist of Butte. MIR Gill
bert is secretary of the Mining As
ISOLATION of Montana.
Julian Conover, national secre-
tary of the American Mining Con-
gress, Washington, D, c., visited
Butte the middle of August to con-
fer with Montana, members of the
program committee for the Denver
meeting of the A. M. c., Of which
Clinton M. Roos of Helena, is Mon
tana chairman. Montana will have
an exhibition at Denver, including
charts and maps and ore specimens.
On display will be the gold nugget
collection Of the Union Bank & Trust
Company of Helena, one Of the most
valuable in the world. The fam
GUS "Venus of Nile" nugget, which
was exhibited by Carl ]. Trauer-
man at the Chicago meeting last
September will be on exhibition in
Denver. The nugget exhibitions
will be heavily insured and guarded,
and will be shown under the aus
pieces of the Mining Association OF
Montana and the Montanans, Inc,
Members of the Montana program
committee, who rendered Mr.. Con-
over a luncheon, were Clinton NJ.
Roos, of the Montana Mines Brok-
erage Co., Helena; DR.. Francis A,
Thompson, president of the Mon
tana School of Mines and director
of the Montana Bureau of Mines g.
Geology, as well as chairman OF
the executive committee of the Min
ing Association of Montana; F. c.
Gilbert and Carl Trauerman, sec
rotary and president of the last
named association; w. G. Ferguson,
Helena, assistant secretary of Mon
t~anans, Inc; Gust Carlson and Lars
Carlson of Montana Consolidated
Mines, Helena; w. B. DAILY, general
manager of mines of the Anaconda
Copper Mining Company; Pearl l.
Smith, president of the Beaverhead
Mining Association, Dillon, and
John D. Mackenzie, manager of the
East Helena smelter of the Amer
lean Smelling & Refining Company.
Messrs. DAILY, Mackenzie and
Trauerman are members of the
western governing board of the
American Mining Congress. Butte
1000
will make a bid to obtain the 1887
meeting of the organization.
One Of the most destructive for
est fires in the recent history OF
Montana took place in the Little
Rockies Mountains, in Phillips