OCR Text |
Show INTER-MOUNTA- MINING REVIEW. IN richest joke of all was when some wag posted under McKinley's picture a typewritten copy of one of the major's free coinage speeches delivered in 1890. The combination was too ludicrous to permit of explanation, and the agent of the League took advantage of the lull in the merriment to remove the pictures. That reminds us: What disposition does the Utah State republican committee intend making of the two MINING REVIEW INTER-MOUNTA- IN And Western Mining Record. Devoted to the Mining and Smelting Interests of the Inter Mountain West. Published Weekly By MILLEB & HVSLOP, 20G 8. West Temple. ALEX. HY8LOP, Editor and Manager. Dooly Building. TERMS: (Payable in Advance,) j $jx Months.'. Thre Months , : This is a silver year. ago? .$2.00 1.00 50 - Tof. reign countries except Mexico and Canada, $3 per year, postage prepaid. matter. Entered at th? Salt Lake City Postoffice as second-clas- s . . - CRIPPLE CREEK OUTPUT. . 1 , 64 and 65 Merchants Exchange, where this paper is n file. Advertising contracts can be made with E. C. Dake, Agent. Chicago Office: 761 Monadnock Building. N . tons of McKinley and Hobart pictures received in this city six weeks ear Ujk t 3 Francisco Office: ' t . From the fact that official monthly or quarterly statements of the production of Cripple Creek are not furnished, says the Cripple Creek Times, figures are necessarily hard to get at odd intervals during the year. From careful estimates and statements made by those best in a position to know a few figures are now at hand, that may be put down as more than approximately correct. The output for September this year amounted to 16,500 tons showing a gainof a little; more than 1,200 over the same month last year. Of the last month's output 8,500 tons were mill ore and 8,000 tons smelting ore. Placing the low estimate, ot a little better than $80 a ton on the smelting ore and 30 on the mill ore, it. would show that the September product of this year, had reached the million mark. September, 1895 , was the banner month of that year for tonnage, but not for value, as much ore was marketed from the dumps which just at this time were receiving especial attention. During the first six months of this year there was obviously a falling off in production as compared with the last month of the year before, the reasons for which have been frequently commented on in this column. Putting the conservative estimate of $4,000,000 as the value of the entire product for the first half of 1896, there remains six months of the present year to swell the figures to ten millions, and every thing at this time points to reaching that mark. The present month is keeping up the pace set last month, and what August - Salt Lake City, Utah, Oct. 22, 1896. - . - - silver ore has been brought to Ensenada from San Francisquito, lower California, running 35,000 per ton, and it is On the most believed the ledges will average over $100 per ton generous calculations there are not - to exceed 32,000 ounces in a net At the present market value, .65 cents, a ton of pure silver ton. would be worth $20,880. At $ 1 .29 per ounce it would be worth $4 ,280, but that does not account for its being worth $35 ,000 per ton now. 1 An Exchange says 1 I I 1-- -- 4, 1 I low-grad- e Harold Ackland who led twenty-tw- o Oregonians on a wild goose toe for a rich gold valley in Wyoming, and deserted the party near Bozeman, Montana, has turned up in Sioux City, Iowa. He gives as that he had disa reason for deserting his comrades, the statement covered that the mine was already worked, and left the party fearing violence. This is all very good, but no information has gotten into the channels of the press of any Wyoming placers being worked that are as rich as those chimerical diggins with which Ackland lured the Oregon people. The credit of Spain hasevidently fallen to a very low point. Spanish bonds have deprediated heavily and a crash is not unexpected. It is not long since the Spanish Cortes agreed to extend the concession of the Almaden quicksilver mine of the Rothschilds, in consideration The loan for the raising of a 4,000, (XX) pounds loan by the latter. was to have been brought out last week but it was suddenly withdrawn It is with the result that a crash in Spanish securities is imminent. said that such a disaster would result in serious consequences to the principal European markets, and there is little doubt but that its elTect would be felt in the United Stated. The question of organizing the local engineers and scientific men d into a body, as first suggested by the Mining Review, and later by Professor Hirsching, is taking root. Col. C. E. Stevenson, president of the Polytechnic Society, and secretary of the State Irrigation Commission, has entered into the scheme heartily, and immediately after the subsidence of the present political agitation, he will address an invitation to all civil engineers and scientific men in the After this state to meet and discuss the preliminaries of organization. will compose first step the remainder will come easily, as the men who the body will readily see the mutual advantages to be gained by organization, and it is expected that they will endorse the movement with sec-one- enthusiasm. Sound Money League of San Francisco evidently thinks by field in which this time that Butte is not a very promising missionary to work for a number of McKinley votes. The League recently sent large pictures of McKinley and Hobart to be posted up in the Queen lining town of the world, and from all accounts the pictures were hugely enjoyed. Along side of one pair was hung the cartoon of the but the modem forty theives, Mark Hanna and a draft from Wall street, The f . I may have lacked in reaching a million will doubtless be made up when the december record of this year beats all world records for gold camps and adds more evidence that Cripple Creek is the greatest on earth. THE BUTTE AND BOSTON. Application for an order of sale under the decree of foreclosure was made to Judge Knowles of the United States circuit court in Montana on Monday in the foreclosure case of the Massachusetts Loan and Trust Co. and the Globe National Bank of Boston against the Butte and Boston Mining company. Attorney Charles R. Leonard represented the plaintiff and presented the decree of sale, at the same time recommending the appointment of J. O. Bender as master to conduct the sale. The Davis estate which owns nearly half of the Butte ana Boston stock, was represented by Attorney W. W. Dixon who asked for time to examine the decrees before the order of sale is made, which was granted. The debts of the Butte and Boston, including first and second mortgage bonds and judgments, amount to $3,500,000. The plaintiff companies in the case are A. S. Bigelow and associates, the same peoand the indebtedness ple who control a little over half of the stock, it is claimed, was iucurred by these gentlemen for the express purpose of wrecking the property. It has also been asserted that of all the actumoney that the property was pledged for but a small percentage really went into the treasury of the Butte and Boston. The plan of organization, the details of which have about been decided upon, calls for an asseesment of $10 on each share of stock, and it is probable that additional stock will be issued to the holders in proportion to the amount of asssessment paid. The company is stocked with. 200,000 shares and the assessment, if paid, will raise $2,000,000 to apply on the debts, and as this still leaves $1,500,000 indebtedness it is proposed to make a new issue of bonds to cover the shortage. This is good Bos- - . |