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Show 4 INTER-MOUNTAI- : the higher line of segregation is the apex? These are questions of great interest to geologists and mine-owner- s, attorneys. It was thought at one time that they would be determined in litigation now pending, but this, it seems, is to be fought out mainly on other lines. It is gratifying to note that a spirit of conciliation and compromise prevails among the owners of claims in this district. No one seems disposed to take advantage of his neighbor, and it is possible that all differences will be adjusted before they reach the court f last resort. Hon. Perry Belmont, who has just returned from France, denounces the "silver craze in this country and clinched his goldbug ;i.rgum.mt with the statement that he had an interview with the president of the Bank of France (the greatest lank in the world, and which saved the Bank of England when it was shaky), and the president of the Bank of France was irrevocably opposed to free coinage at 16 to 1 and insisted that the honest ratio was 15 to 1. Two workmen were discussing serious subjects. Quoth the younger, "I say, Bill, what are these ere joint stock Well, Ill explain it to companies? yer. Tou and Jim and half a dozen more of your mates put up a penny each, and buys two ounces of tobacca and a clay; then I calls myself the managing director, and I sits down and smokes the pipe and bacca Dye see? "Yes, but wThere do we come in? "Oh! youre the shareholders. Look on and spit. Exchange. A design has been submitted to the patent office and a copyright taken thereon for a floral emblem to be worn by the adherents of free silver. The emblem is in the form of the common field daisy with sixteen petals, each numbered on the tips from one to sixteen, and the yellow center marked with a figure 1. The Butte Mining World has entered upon its fifth volume, and deserves all the prosperity it enjoys. The publication of so excellent a mining journal reflects credit not only upon the publishers, but upon those engaged in the in- dustry it represents, for their support has brought to it success. Hon. H. F. Bartine, who has been a Republican ever since he was old enough to think, is unable to swallow the St. Louis dose, and bids farewell to the party. The bimetalists will get together in time. gold-standa- rd The reason wThy the colored delegates to the St Louis convention arrayed themselves solidly against silver has just leaked out Wall Street missionaries led them to believe that 16 to 1 meant, "$16 for the white man and $1 for the nigger. The Eagle Foundry and Machine company is finishing up two improved Crawford mills for the Queen of Sheba company, and two Roth amalgamators for use on the Snake river. MINING REVIEW. N that after their first year they erected a concentrating mill in main Bingham, The Old Telegraph mine in Bingham, for the reduction of the second-class which has been a steady ore producer ores, and consequently increased their for the last twenty-fiv- e and years, earnings. After the expiration of this 1879 The Old Telegraph Mine. has been owned excluwhich since sively by the Societe des Anonymes des Mines des Lexington, has recently undergone a slight change in its organization and ownership. The society named will continue to enjoy a considerable proprietary interest in the bonanza, but in addition some Colorado parties and G. Lavagnino, who has been the companys agent in America for nineteen years, have secured interests in the mine wrhich it is believed d amount to each, leaving the lease no long term leases were given, and wrhen Mr. Lavagnino took active control of the property in 1884 he began at once to lease out the mine in small portions to many lessees, and at the same time abandoned all active work. under the direction of the company, except a supervision over the work of the lessees. His efforts have been generally directed to the acquisition of ad- ditional claims adjoining the five original ones, and at present the company controls an area of about 137 acres. other owners Great as has been the output of this The Old Telegraph has for many volunfamous property Mr. years occupied a prominent place in teers the informationLavagnino that it has not the history of Bingham, both as a proyet been even Everyducer and a bone of contention in the where that new prospected. openings have been courts, but it is gratifying to know made new ore- bodies have been that for the past seventeen years it has up, and he refers to the recent opened strike been practically free from the evil of ma.de in virgin ground by the lessees, litigation. Nelson and Eckmann, as a samIt was on May 5, 1879, that the deed ple of many similar onesmerely and of wrhat to the mine passed from the Old Tele- is possible in other parts. It may be and Mining Smelting company said here that from this latest discovgraph E. Holden) to the Societe des ery forty tons per day are being mined, (Liberty Mines DArgent et Fonderies de Bingwhile the monthly output of the mine of the the ham, progenitor present at present reaches 2000 tons. The sula cash consideration of phide ores have not company, for yet been encoun$3,000,000, probably the largest strictly tered in the Old Telegraph, proving cash transaction on record in any min- further that, notwithstanding the iming deal, and when the deed was signed mensity of the ore bodies that have and delivered it contained an acknowlbeen worked, deep mining has not edgment of the receipt of the money. even been attempted. The reorganized The patented mining claims that company is now making arrangements passed to the purchasers were the to go deeper, and to that end will Montana, Third Westerly Extension, work in two or three of the low'er push tunNo You Dont, Roman Empire and Nez nels that were abandoned years ago, Perces Chief, only five patented claims, and wThich will tap the ore bodies at but within their limits had been prob- considerable After the ore depth. ably the biggest body of lead ore car- bodies thus reached are worked out rying silver and gold that wras ever Mr. Lavagnino intends to arrange with opened up. In addition to the mines some of the deep tunnel concerns that there wrere about fifty acres of land on are now the mountain from the Jordan river on the line of what both sidespiercing for further working of the is nowr the Bingham branch of the Rio mine, and he estimates that the middle Grande Western railwray, and on this of the 20th century will see the Old tract of land there were two smelters a bigger producer than ever the Old Jordan and Sheridan Hill and Telegraph In her history. one mill, the company at the same time acquiring a half interest in a canal, Mining Incorporations. eight miles long. It was thought by Amazon Mining and Milling comsome at the time of the sale by Holden pany. Capital, $200,000, divided into that the mine was worked out, and it 200.000 shares. Following are the offis a matter of reeord that within two icers: George E. Lee, president: B. F. John R. Foults, months after every large chamber in Bauer, F. E. Shafer, treasurer. the works caved in. It looked then as secretary; Sunbeam Consolidated Mining comthough the purchasers had been badly pany. Capital, $250,000, divided into bitten, but subsequent developments 250.000 shares. Following are the offihave demonstrated that the purchase cers and directors: A. E. Welby, presiMarcus E. Jones, was in every sense an excellent one, dent; E. L. Carpenter, secretary and treasand conservative men who are in a po- urer; W. H. Paul, L. P. Marix, W. G. sition to know assert that the mine has Sharp, and W. E. Halm. The company owns the Silver Cloud claim, and bonds paid 6 per cent per annum since the and leases on the Sunbeam, the Stubbs purchase. Its output under L. E. Sunbeam, Lady Aspinwall and First Holden and prior to that gentlemans Southern Extension of the Sunbeam, at Silver City, Tintic district. ownership, is estimated at $7,000,000. After the mine caved in 1879, the Mercur Abstract Company. present company adopted an inactive This company was organized in 1895, policy in regard to that property, leas- and has the best and most complete set abstracts of all the mines and real ing out portions to various parties. The of estate in Tooele county. In the prepara-tio- n longest lease given wras one extending of these abstracts a has over a period of six years to George been followed that is far system superior to Mullett of this city and Isaac Hazel-grov- e, any other in use in the West. Mr. E. now of Mercur. The parties W. Genter is president of the company, R. Hickman, County Recorder went Into virgin ground, and wherever Joseph of Tooele county, is treasurer, and Theo they penetrated new ore bodies were L. Genter is secretary and manager. discovered. So successful were they The office is at Tooele City. one-thir- one-thir- d. - vice-preside- nt; vice-preside- nt; |