Show GRIZZLY HILL MINING COMPANY TO OPERATE NEAR LE LEADORE ADORE IDAHO after seven years of preliminary work and an expenditure of dr H H I 1 I 1 scarborough of idaho falls dr I 1 B keller of leadore and C N friday former dubois banker believe that they are on the verge of bringing the old grizzly hill property near leadore famous in the mining history of the eighties to a profitable production of lead and silver the property is situated seven miles northwest of leadore at an elevation of feet plenty of of water is sai said d to be available for milling purposes and transportation by rail is available at a distance ranging from one and one half to seven miles the three men mentioned have now acquired 25 claims embracing acres in the district and have rece recently antly made several shipments of ore which have returned a satisfactory profit even though mined by crude and expensive hand methods according to dr scarborough now the owners are prepared to install machinery for the immediate mining and marketing of some tons of their properties and have chosen ore already in sight on to raise raise pocatello as headquarters for a campaign to be expended to this end dr scarborough has announced noun ced the money is to be raised under a plan which dr scarborough said is so far as known entirely new in mine promotion investors will be secured by a first lien on the property and are to be paid from profits expected from the ore in sight then in return for the use of their money the company plans to issue common stock in the amount of their investment as a sort of interest payment after all the money invested has been returned it is the plan of the company to create a 10 per cent sinking fund of all net profits so that these moneys may be used in returning in vectors ve money the company of drs scarborough and keller and mr friday has been incorporated under the name of the continental tin standard mining company the name comes from the fact that the properties are situated on the continental divide should the mines prove as large and as as the promoters expect there will be revealed romance of mining history involving a long period of hardships and of faith on the part of men of comparatively small means in the mining business |