Show SALE OF CANADIAN MINE patsy dark clark of spokane pays a fortune for a bonanza special correspondence spokane wash dec 26 sixty five per cent interest in the standard mine declared by experts to be the largest and richest sil ver lead property in the dominion of canada has been acquired by patrick clark of 01 spokane on the basis of cash for the holding the property is located near silverton B C and four miles from new denver the vendors are john A finch of spokane and george H aylard of silverton interested with mr dark clark are A B campbell partner of mr finch in mining enterprises for twenty five years and colo nel W J C wakefield of spokane mr finch who retains 25 per cent of the stock will jo join n mr dark clark and his associates in the standard consolidated mining company which wll wal develop the property the property was originally bonded for by mr aylard and mr finch financed the enterprise for a half interest in the mine thus mr aylard became a millionaire without the investment of a penny the bonanza ore shoot was encountered about six months ago said mr dark clark in a statement after the deal was closed adding it is the largest body of high grade silver lead I 1 ever saw the no 5 tunnel level in the development of the ore body is in progress is about feet from the surface it now has been driven feet on the ore shoot when first struck the shoot was twelve feet thick where crosscut at the present face it is forty feet wide with only one wall in hl s sight i g h t from th s ore body my experts and myself took 36 cold blooded samples they averaged 38 per cent lead and 51 ounces of silver to the ton the cleanest of the ore taken out while this level was being driven was sent to the smelter at trail B C and averaged 62 a ton net mr clark also said that while most of the ore exposed in the mine is good enough to ship direct to the smelter a tramway and concentrator cen will be installed at once with a view to having it in operation next summer the men who are now associated in the ownership of the mine have beben partners in many large and important mining enterprises terp rises in NV washington ashington idaho and british columbia for years among their interests being the standard and hecla mines in the coeur calenes dA lenes the war eagle at rossland and the republic at republic wash the sale of the standard is the result of a brief description of the property which appeared in a local newspaper the latter part of october having sat satisfied soled himself that the information contained in the item was correct mr dark clark opened negotiations with mr finch who promised mr dark clark an opportunity to buy in the event he and mr aylard desired to sell while on the pacific coast mr finch was approached by henry keogh an expert in the employ of volney D williamson of spokane who requested permission to reexamine examine re the mine and bd b d on the property this was granted when mr finch returned to spokane he apanged to meet him and mr aylard with a view to making an immediate inspection and bid for the property mr finch then informed him that in redemption of an earlier promse prom se which had escaped his memory mr keogh had been given the sole right to purchase the property on or before december 5 provided a price satisfactory to both buyer and seller could be agreed on nothing was left for mr dark clark to do but to sit still and hope that no sale sae would follow brick bresnahan and mike sullivan practical mining men accompanied by J E porter a mining engineer were dispatched to silverton by mr dark clark the morning of december 6 they examined saili sampled pled and mapped the workings of the mine their work beng being completed by midnight december 9 that same evening mr dark clark arrived at the mine spent all night in the workings and returned to spokane the next day As soon as the results were obtained from the thirty six samples he had caused to be taken of the property he began negotiations tiati ons with Ale sErs anch and aylard for its purchase after mr keogh had secured the written option f from rom mr finch he was joined by W F ferrier of toronto out ont a mining engineer formerly employed emp oyed by the war eagle company at rossland B C and now representing a syndicate of canadian millionaires they spent three weeks in the examination of the property with the result that only a few days days were left for tiati ons following ther their arrival in spokane however they did not give up hopes of securing the property until december 17 when they were informed that an agreement for a sale to mr dark clark had been reached the canadian syndicate represented by mr perrier ferrier was not the only bidder for the property volney D williamson nad endeavored to buy it before he left spokane for new york to close up the sale of the mexican properties owned by himself and mrs coman cloman widow of V al dement clement formerly manager of the bunker hill and sullivan m ne at wardner idaho he said that bill springer an expert in the employ of finch and campbell had told him of the remarkable development of the property while he had believed bellev cd mr springers report to be greatly exaggerated he was sufficiently impressed to send his expert to examine it mr keoghs report was so enthusiastic enthusiast c that mr williamson then went to see the property he said afterward the ame mme nr ne is a vastly greater property than mr F inch finch and his partner realize though 0 they declined to name a price to me there is not less than net profit in sight right now if I 1 had the property it A would be paying monthly dividends of 30 within thirty days |