Kendall Chronicle (Kendall, Mont.) 1902-190?, February 24, 1903, Image 5

Kendall, Montana, February 24, 1903. 5. LEAD TRUST UM MINES. 1 0088IP HOE THE 11111. Plan is to Buy the Coeur d'Alene Properties. It Will Take $26,C00,000 to Make the Deal—The Promoters are Work on the Big Scheme. A R6,000,000 mining deal is pending in the Coeur d'Alene sileer-lead mining camps of northern Idaho. If oompleted it will bring millions of new capital to Spokane, says the Spokesman -Review. The contemplated purchaser is the American Smelting and Refining com- pany (the lead trust). The negotiations involve every great producing mine in the Coeur d'Alene!, with the siegle ex- ception of the Hercules, and the possible exception of the properties of the Em- pire State -Idaho. Trusted agents of the lead trust are quietly investigating the properties un- der operation. The deal is being pro- moted by I). M. Hyman of Denver, pres- ident of the Frisco company. If the deal should go through it will be the big- gest mining transaction in the history of the northwest. It a ill comprise the Hecht and the Standard, now controled by Finch & Campbell; the Morning group and other properties owned by Larson & Greenough; the Frisco, con- troled by Mr. Hyman; the Crown Point and the Bunker Hill and Sallivan, prob- ably all the mines of the Empire State - Idaho, and other less noted properties. The combined annual output of these mines is from $8,000,000 to $12,000.000. They employ about 2000 men, and pro - /duce nearly 40 per cent of the lead out- put of the United States. The consolidation move was started last September when trouble arose be- tween the mine owners and the trusts. It is understood that at that time an op- tion was taken on all the weparties. AS near as can be ascertained the option ex- pires next April. Although no apparent deffinite action is being taken at pres- ent, it is believed that everything is be- ing arranged so that the deal can be quickly executed during the latter part of next month. Fred. Burbridge of Spo- kane, who is connected with the Bun- ker 11111 and Sullivan, has looked up statistics and value of eachlof the produc- ing properties of the district. They Know How to Do It. Lewistown merchants report business with Kendall as excellent. They sell a large amount of goods to the people of this town and the surrounding country.. How disgusted must be Cole Youn- ger and the other old-time bandits when they read the story of how Cole and Howard held up the train near Butte the other night. It was such a bungling job that any self-re- specting highwayman would feel like shedding tears at the thought the pro- fession should be invaded by two such stupid chaps as Cole and Howard proved themselves to be. Fortunately their outdoor career has come to an in- glorious end. _- 01 lie sold it to Finch & Campbell, in May, 1901, lie milled every pound of ore that was broken down. It was all good paying rock. The little mill handled about 50 tons a day and he made a profit of from $4000 to $5000 a month. In the fall of 1900 the Finch and Campbell in- terests got a bond on it for $400,000 on a nine -tenths interest. Before completing the deal, R. K. Neal took 600 samples of the ore and never got a blank. Such a record is almost unheard of. After potting the deal through with Mr. KemEall,.Finch and Campbell set to work devglopIng the property. For an expenditure mst $5000 they showed up 200,000 t'ms of $7 ore. Water was an essential thing, and it was necessary to put. in a pumping plant, tonl force the water 'fix miles to the new mill, with a capacity of 3011 tons a day. After gettitht hold of the Kendall property, the Finch and Campbell inter- ests spent a ROM deal f money on equip- ment, and when things were ready, they ton tied the property over to the Kendall Mining Company, which they organized with a ctpital of $2,500,000 in 5 shares. They look in45 :partnership some of their Yonngstic4n: b., and New York friends. Last December the mine com- menced paying dieldeods, ; hme profits are $30,000 a month. The Teens Idea will Languish. This will he the last week of school, the funda having been exhausted. This is to regretted, as the long vacation will keep pupils back in their iltudiern. The Next Hall. The Catholic ladies of Kendall are ar- ranging to OW a grand ball off the night of March 17th. It will be given in Cook's hall, and a royal good time is assured. The proceeds will go towards building a eloirch. Milking on Ike Chinook. Henry Parrent and George Wells are sinking a shaft on the Chinook, a prom- ising claim lying north of the Barnes - King group. The shaft is going down in ; a contact of porphyry and lime. Assays as high as $2.60 are obtained. At a depth of sixty feet they will start to drift. Don't miss Cyrus Newton's entertain- ulent tomorrow night. Charles W. Folio!) of Astoria, has been elected U. S. Senator frem Oregon'. A number of Kendall people observed Washington's birthday by dining at Mettles hotel. The Nevada legislature last week paa.ed a law making eight hours a day's work. E. B. Elsner is building a cottage on a lot southeast of the Shaules hotel. N. Butler returned Sunday from a 1111C- cesafol merchandising trip in the sur- rounding country. Cyrus Newton, the great entertainer, will be here tomorrow night. Ile is the greatest in his line. Dr. M. M. Hedges, the popular Lewis- town dentist, accompanied by Mrs. fledges, was ii,Ltown Sunday, and stop- ped at Stephens' hotel. Cyrus Newton Most Noted Humorist and Comedian of today HAVE THE BEST COAL IN MONTANA G -THE WEDGE BUFFET --9 P. LEARY, Proprietor A Well Assorted Line of WINES, LIQUORSAND CIGARS COMFORTABLE, COZY CLUB ROOMS Opposite Post Office and Shaules' Hotel, Kendall, riontana Stephens' Hotel K EN 1) A L Pioneer Hotel of the North Moccasin Mining District. FIRST CLASS accomMOD.1TIONS. TABLE SUPPLIED WITH THE BEST IN THE MARKET FIeh:D. L. STEPhENS, Proprietor. W.S.SMITH TELEPHONE 116 LEWISTOWN, MONTANA EXCLUSIVE IN HOUSE FURNISHINGS TERMS CASH UNION STAGE LINE WEAD dc BLACKWELL, Proprietors FAST TIllE BETWEEN KENDALL AND LEWISTOWN Stage Leaves Kendall Daily, Sundays Excepted, at 8 a. m.; Return- ing, Leaves Lewistown at 3 p. m. We have leased the livery stable in Kendall formerly operated by Day & Tullock and have for hire good horses and stylish rigs. Weed & 0 A COAL IS CHEAPER THAN WOOD Will be at the Cook Block in Kendall TRY IT AND SEE MACE & SHARP ! Place Your Order With Any Driver of Our Wagons in Kendall. Tomorrow (Wed.) Even'g The Kendall Chronicle is Go Hear him and Forget Your Troubles A Good Advertising Medium