Show famous newhouse tunnel sells for cash the newhouse tunnel believed the longest mining tunnel in the world was sold to the gem mining company william E renshaw general manager during the month for a cash consideration of the sale is one of the most important mining transactions consummated in colorado in the past decade and the transfer to local interests means much to idaho springs and clear creek county says an idaho springs dispatch to the denver mining record the newhouse tunnel almost five miles long ong b runs under the mountains from idaho springs to central city it was sold by english and boston capitalists who composed the argo tunnel mining and milling company senator william E renshaw of idaho springs is one of the principal stockholders and officials of the gem company in addition to the tunnel the gem company also purchased the argo mill which is located at the idaho springs entrance to the tunnel the company owns and operates the silver age franklin freighters friend and other mining properties in that district the mill and tunnel will be used in the development of the several proper tise the newhouse tunnel was built at a cost of the work was begun by samuel newhouse now of salt lake city utah senator renshaw was one of the engineers who made the plans and last year interested eastern and canadian capitalists in the gem company we have had men working a all ll 11 winter on our properties senator renshaw states this force will be increased now and we expect to operate on a big scale the gem mining company recently finished the installation of the new 75 horse power hoist on the freighters friend which will greatly increase their capacity for handling the product from the property |