| Show SALE OF THE FIFTY GROUP A deed was placed on record in the county clerks office last friday says the observer of gilpin colorado conveying from G A bierbaum to the gilpin giant mines all the holdings of the fifty corporation including the fifty five claims mill and all mining equipment offices etc the consideration was not given the gilpin giant mines is a trust company and the property is to be financed by the fuller macculloch company and associates the fifty mill will be overhauled and modernized at once and flotation will also be added the watering unwavering un of the fifty group will be taken up a little later when the proposition is fully financed in addition to the improvements at both the fifty and buell mills a sampler will be installed in connection with the fifty mill and custom ores will be bought outright the ore from the fuller macculloch company group of mines in russell gulch will be transported over a tram system that is to be built at once and run to both mills an oil or gas locomotive will be used the gauge will be thirty inches and the cars will be of five tons capacity the old gilpin tram grade will be used from the mines to a point near the gettysburg mine and the route will then follow a course across the head of spring street along central city hill to a point opposite the buell mill and from there to the bobtail the length from the mines to the mills will be two miles it is intended to start work on the tram about the middle of this month and have it finished in sixty days the two mills will have a combined capacity when improved and enlarged of be tween and tons in twenty four hours the big group of mines the company is now operating and will operate in conjunction with the russell mines will more than supply tonnage for both mills added to this will be the heavy tonnage of mill dirt that will be bought outright every indication points to the fuller macculloch company becoming among the largest mine operators in the entire western country big mining men of montana and prominent capitalists of the east are becoming interested in the immense proposition they have under way and visits of these investors to the county are becoming frequent the fuller macculloch plans are along broad and permanent lines instead of following the old system of pot or gopher mining that has been in vogue in the camp for years they are acquiring immense groups that can supply a tonnage and to enable them to produce ore at a minimum cost they are eliminating numerous small expenses that eat up profits by resorting to the use of up to date mechanical ch anical appliances and equipment and also adopting the most modern ideas of handling and milling ores it is a pleasure to see a company go at things ina do something manner as though they meant business |
