Show SALE OF THE YELLOW JACKET recorder salmon ida the well known yellow av jacket placer mine was sold this week to denver capitalists through the agency of dr wright mr j G richards and R W mcilvaine of this city this placer bed was discovered in the Us and it yielded a great deal of coarse gold to the methods of the pioneers who worked the rims and the shallow portions of the creek basin the central portion of the placer deposit was above a hard reef of bedrock that demanded a long flume to make the gold available to these hardy old discoverers they would have mastered the situation but the discovery of loon creek caused a stampede in midwinter and the pay streaks that led to the basin above the reef were lost and forgotten as they were concealed by the caving drifts that were abandoned in the rush the work that was deferred in the excitement cit ement was not resumed till the stories assumed the color of tradition and they were so glowing in their details of golden nuggets that they confused the commonplace miners of the pioneer days and then fate seems to have favored the preservation of this placer bed in its virgin wealth for a later generation of miners even a dozen years ago this half hidden treasure attracted capital for extensive development the golden basin above the restraining reef barrier was half opened and the first golden harvest was gathered from the preserve then fate intervened to save the real treasury intact for the present day to give impetus to our dawning boom the controlling cont roling force of the capital that was involved claimed to discover treachery and dishonesty in his agents he ordered the mine shut down to remain idle in a fit of spite with a promise of more than had been held up in hope the mine was closed for a dozen years to wait this decree of fate probably no placer bed in all the golden west has waited so long with so small a barrier barriento to restrain its output of wealth while there can be no doubt of the existence of several hundred thousand dollars in this half opened chamber no facts are available to make even a guess at its limits the hills that adjoin the creek basin are themselves covered with rich wash which has been wasting into this catch basin for millions of years the pioneers could gather only that portion of the gold which escaped the intervening depression and was deposed cited on the riffles fiffles of the reef below the gold of this bed is coarse and it logically gould could not have escaped this natural recep cle in any large proportion of the original deposit from the yellow jacket hills this is one of the sure placer mining investments that was left by the wise old pioneers who are said to have possessed a sixth th sense sens e for placer gold they realized the existence of th this is treasury deposit but they were diverted by a maddening stampede never to return to their original inal idea of opening the yellow jacket basin |