Show SALE OF THE NIAGARA courier free press redding colo the niagara mining company whose properties are located about four miles west of french gulch has disposed of all its holdings to a company of chicago capitalists the new company which is called the black tom gold mines company took possession of the entire property last monday and is now at work cleaning out all the tunnels and drifts this work will take considerable time to complete as many of the tunnels have not been open for many years the work is being done under the able I 1 management of F J siebel former manager of the brunswick mining company and will be rushed as rapidly as possible in order that new development work may be started there are now twelve men working re timbering the mine and cleaning out the works the new company is headed by lutellus smith a prominent mining engineer of the mother lode country in this state the niagara mine was considered one of the richest properties in shasta county and has made many people rich william T coleman now deceased am massed his wealth from the mine over three mil millions ions of dollars have ben taken out of the property and indications point to the fact that over that amount is to be taken out yet in the lowest level the oniel tunnel a strong chute of ore over feet in length I 1 is going down and the new company will undoubtedly put in a large sinking plant and go down on the ore as soo as they have finished the work they are now doing |