Show FINANCING THE POLARIS cippera Cop pera era clifton ariz A deal was consummated in clifton last weel week whereby the international mining company of leadville colorado is to finance a bond sale for the polaris mining company of this district for A considerable sid erable amount of money has already been bean put P up and more will follow faster than it can be used while the control of the company passes to the colorado people there will be no change in the local management which is well because the development work is now in the hands of a competent man L F sweeting who is familiar with the property mr sweeting will at once proceed to reconstruct the wagon road up the canyon which was damaged by the heavy rains of last winter after which he will have the old workings of the mine mina cleaned out and the property put in condition for active operation which will be commenced about october 1st ast it is mr sweetings sweepings Swee tings intention to commence ab or 30 men and work will be commenced at three different points the pola polaris i ris company compan y has done a considerable amount of work during the past two or three years but the companas comp anys property is one of magnitude and will require the expenditure of a large sum of money in order to put it in shape as a permanent producer the contract with the international mining company calls for within three years which is ample for both development purposes and the erection of a suitable plant for the reduction of the ores development work will be pushed as rapidly as possible and when it has been finelly finally determined that there is a sufficient amount of ore in sight to justify it a plant will be ordered and erected the placing ot of the polaris company on a solid footing and the resumption of work at the mines means much for that section of the district and doubtless will encourage other companies to proceed with development work the polaris company owns about 60 claims nearly all of which show strong and well mineralized veins there is no doubt in the minds ot of mining men who have investigated the property as to the bright future which now awaits the company the era extends congratulations to shareholders and also to mr sweeting who has been successful in overcoming many difficulties and putting his company on a sound financial basis |