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Show I ONE E RESULT I OF JMTTE PEACE ! Organization of Latest Company i Brings Former Foes Unit Un-it der One Wing. I I SALT LAKER PUT UPON THE BOARD Paris-Daly Estates Mining Com-M Com-M pany Owns Heart of I Bntte Gamp. i Regarding tho rccont orgunlzatlon of H 1 tho Davis-Daly Estates company, ono of tho moat Important steps ot tho year In HI j mining organization, tho Nowa Bureau HI has devoted much space, giving tho Hi credit for tho succossful outcome of tho H venture to J. A. Coram. Tho board of directors of this new company contains , the nomo of ono Salt Laker, ho being- C. H K. McCornlck. Tho company Is onranlzod Hj under tho laws of Maine, and Is cap- Hj j ltallzcd for 670,000 shares, of a par value HI of $15 each. H ' Represents Actual Cost. Thl3 price of tho Block, says tho Bu-1 Bu-1 , rcau, represonts the actual cost of the 1 , properties, and It Is naturally expected that the stock will reach a still higher Hi point without delay. The strength of the I company lies In tho location ot Its prop- crtlcs, about 100 acres In iho heart of tho j l Butte camp, In Its strong board of dl-H dl-H rectors, mostly mining men of wealth and 'j experience, and In tho fact that It starts off with f2.0OO.0O0 cash In Its treasury and j will be a producer upon a largo scalo within a comparatively few mouths. Hj The Board of Directors. I Tho directors of tho company include F. Augustus Holnze, Henry Muollor, C. H K. McCornlck, Charles R. Leonard, SL I S. Largey, L. S. Gillette, John McGlnnls. ' G. W. Davis, K. G. Roebllng, N. "V. I ' Bumstead and J. A. Coram. Mr- McGln-H McGln-H j nls Is now Mayor of Butte and has been H -A- Hclnzc's chief lloutonant in tho HH letter's mining operations In tho Butto i camp. Tho Davis-Daly company possesses j the largest mining territory gatnored to-J to-J gether on tho Butic mountain slnco Mar-M Mar-M cus Daly sold the Anaconda mine. H j List of Properties. i This company owns In full or In part ; the following properties: Tho Baltic Broker, Chnrlotta, Contorvlllo, Great Ro- ; public. Pawn Broker, Now Era, Mount Morion, Hlbernla, Last Chanco and Max- I mlllan, tho Quartz Lode mining claims, tho Owsley ranch and water rights. All theso formerly belonged to tho A. J. Da-vis Da-vis estate and have all been Involved In 1 litigation for upwards of fifteen years. This now Is settled. HI In Heart of Camp. A glance at tho maps will show that this area Is In tho very heart of the Butto mining camp and practically sur-, sur-, rounded by tho largest producing prop-ertles prop-ertles of today. The reason It has not been 'previously worked is found In tho lrrcconcllablo differences between ownors j and litigants which are now settled. Ar-rangoments Ar-rangoments havo now been mado whoroby H: tho property can bo Immediately opened T on tho 1800-foot level through the shaft on tho Original mine of Senator William A. Clark, a long term contract having been signed with Senator Clark to permit this. The contract Is an exceedingly valuable asset of tho company, as It moans the saving of about three years' 1 time In' development work, and besides 1 this an enormous amount of money that would otherwise have been required In opening up tha various properties. Heinse Is Large Owner. F. Augustus Heinze will have a largo ownership In this company. He says over 1 'his own name that he had no hesitation in saying that ho thoroughly Indorsed tho proposition from 'an Investment stand-point. stand-point. Mr. Hclnzc considers tho great-est great-est Indorsement of tho proposition Is tho fact that the Butte peoplo have put sov-1 sov-1 oral millions of dollars Into this company. Captain Me Vickie's Report. Cipt. Duncan McVlchle, the genoral H. m.ii 'i of the' Bingham Consolidated, stated recently In his report upon these properties as follows: t "From tho location of tho properties, H. the geological conditions and from tho Hj Information I have been able to gather, I HH' am greatly Impressed with the posalbll-ltlcs posalbll-ltlcs of these properties, and, In my opln-ion, opln-ion, had these properties not been in constant litigation for years, thoy would, H, doubtless, be producing .at tho present H time a. very largo tonnago of profltablo ere When we consider that the Ana-conda Ana-conda has recently found a very largo body of exceedingly hlgh-grado ore at 2200 feet from surface. It Is difficult to predict Hi the -.possibilities of this area, when It Is u considered that tho large block has WC0 h feet on the system of veins nearly 700 feet wldo. and an additional distance at the Mount Morlah of 1350 feet and 400 feet L on the Centervlllp." |