MINEBK00509

• County: Lake
• Volume: 17
• Document: Inspectr
• Suffix: A

i -- L1TL1; AND 1NCORPORATIOH.
The ownership of this group of claims is vested in a .
large nwnber of different owners, but is now held under
twenty years leases, with drainage agreements, by the Down
Town Mines Company, a carp oration under the law of the State
of Colorado, having a capital stock of 30000 shares pa8
value $10.00 each.
The incorporators of the company are:
Chas J. Walker, St. Louis Mo.
Jesse F. Mc Donald, Leadville, Colorado.
John A. Ewing, Leadville, Colorado.
The board of directors consists of:
C. J. Walker, W.J. Hardin, J. L Gaff, C. W. Chamberlain,
and J. C. C. Waldeck.
The officers of the comnany are as follows:
President, J. L. Goff, Chemical Bldg., St. Louis, Mo.
Vice-President, J.C.O. Waldeck, Chemical Hldg., St. Louie, Mo.
Sec'y & Treasurer, C. J. Walker,Chemical Hldg., St. Louie, Mo.
General I~Sanager, Jesse F. Mc Donald,.Lasdville, Colorado.
Superintendent, Wm. Angus, Leadville, Colorado.
The main office of the aompany is at Leadville,
Colorado, but a branoh office ie maintained in the Chemical
Building in St. Louis, Mo.
HISTORICAL.
Many years ago it was found that many of the wet down
town mines around Leadville, were in the same water basin and
that by combining and keopin~ one largo pumping plant working
against the water in thin basin, the operators could save
mousy aver what a number of smaller plants would cost to
operate anfl still keep all the mines around the pumping shaft
unwatered.
For a number of years the mines known ao down town
mines have not been corking awing to the dullness of the
timae~enfl the exoeesive oost neoeesary to Pump the water.
,
Last year Gov.•Jossa F. Mo Donald aoncaived the idea
of again unwatering these properties whioh have produoed
millions of dollars and still have vast mineral deposits
~ whioh should now be ~erkod at a profit, and to that end