Show MINES AND MINING EDITED BY F. F W. W SPRAGUE PETTIT MINE TAKEN BY DY EASTERN GAPIT CAPITAL AL Properties at Atlanta Idaho Change Hands for Cash HAVE GOOD EQUIPMENT Stamp Mill and Concentrator Built Since Option Was Obtained I One of tile the most Important minji mining property deals for a long time timo was va the transfer on Ye Wednesday nesda of ot tho General mining mining- properties at nt Atlanta to tho the Chase Bagdad-Chase Gold Mining company com coni pany of Rochester X N. Y for 1 particulars of ot which were mado public ye yesterday says S 'S the thc Boise Statesman It Is a CL deal that has been prospective for many months and it Is said Mid the tho completion of ot tho tile Atlanta road brought It to a a. culmination With Hh tho completIon com corn of ot the road load plans for development develop develop- ment mont work that would not h have ve otherwise otherwIse other other- wise been lIeen deemed practical can call now be carried out out- The purchasing company compan ha has held hold holdan an nn option on the Pettit mines since Ince September 16 1906 Since that time ilie llie mine has been worked and developed devel devol- and a 3 mill of or 70 tons ca ca- ca lacity with an elaborate ing plant was vw built buill It is said that tho the mine has developed do remarkably well Tho option was closed at noon Wednesday when the purchasing compan company com coin pan pany turned over to the owners of ot the property a draft for tho full purchase price on the tile Chemical Bank Dank of c 1 New York Equipment Is Ts l. l Intensive Extensive Tho The equipment of the tho company compan consists con aids of 20 0 stamps 16 S 8 Dimmick Dim- Dim mick lImo tables ono tube mill min callow cal Coll low screens and necessary ar accessories s. s Tho The comp company ln now has In course of construction an additional 20 stamps with 18 IS a a. roasting and cyanide e plant for treating tho the concentrate con con- In addition to all this the tho company h has a model aerial tramway capable of ot transporting JOO tons of oro per da day and anil an electric power plant llant to lo operate the whole enterprise As eoon as OS new flOW equipment bolus being In Installed Installed Installed In- In stalled Js is complete tho the capacity of or the mill will be bo tons per da day The old Pettit mine mino was originally o owned n d bv General W. W Yo H. H Pettit and his estate win profit from from irom the tho um sale gale Oth u Other I owners were 1 Frank Coffin Hal ITal X N Coffin Cornn L. L and heirs of ot the David Fan Falk estate The Iho officers of tho the Ba Bagdad dad company In the East Bast are ore J. J X N. Beckley BeckIe Beck Beck- Ie Icy ley president president Toronto Hamilton Buffalo Bufalo railroad E E. E Van Betten vice president vico Ico president New York Central Hudson River Railroad company compan J. J II H. Stedman secretary of the Democrat anI and Chronicle Benjamin E. E Chase treasurer president National Casket company Wayne ayne Darlington general manager with headquarters at ot Boise |