MINEBK00553

• County: Teller
• Document: Manager
• Suffix: A

aving n handling of tho ore. 'Phe total cost of .the buikliugs, machinery, and shaft sunk
he Com~ to a depth of 400 feet, will be about X30,0011.
m> ore Daring the ]attor part of last year this Complury became involved in a
mined controversy with the Gold and Globe 14ining Company, over the right to a vein
is and
p
which crossed the west end of 1lnchor INTO. 2 claim. Proceedings were iuatituted
in court to establish oar rights. The litigation prmnised to be long rand e~•
and tho pelisive. i3oon rafter the commencement of the suit, nn oFl`er rvns made by the
various -foou•Auchor Milting Company to purchase the tract containing the vein in
lndition, dispute, which ofl'm• \ve accepted. ~Ye received payment in stock of that Conn •
rauui°g ) ui rand ili~mediatel thereafter we a\ e xirties an o rtiar to nu•chnse the
11 J'+ Y g• ' 1 1 }
surfnoe. smnc. We have already received on •thnt account something over tiIb,000, rand
at level
are to receive X46,000 more within tho nest fow months. The deforred pay
of the
meats are amply secm•od. 191e amomrt of ]and disposed of was a little less
it was
tlum two acres. 'Phis loss of noreago bras bowl more than made rap by the
aize and - pmclucso of a small part of the Cotton 'foil claim aniL !L seven-eighthB interest
king of ~ in the City View, and tlm 1'mteuting of n small frnntioa under the name of
th of n 7!iret National. tl portion of the City view laid luross the tluohors, anti
:o three throntmled to involve uB iu n coutrovm•sy ne to cross~voiu rights. Tho loud
mamlgo~
soourod by the purchase of thoso frlLOtioual ahLims amounts to betvvuen tvvo nod
a depth three acres, noel ie much hotter loaLtod o•ith reforenco to oar umiu wad;iuga,
nail cost less than mrc~third of tltc amount we m•e to recoivc J!m• tho part oJ'.
mnplY tho .Anchor sold Co the Moou~Anchor Mining Congmgl+. '.Cho total norange
ns boon now owneil by tho Cowpony is a little over 9!orty uervls, All of the chlime uro
chinerY ailjniuing or oontiguova to aLCh other, lord. vvithiu a hniC n wilo ol! both rlLil~
1119, et0. \VlLJ'B. '.l+hu pOBB7 b7ht10B 0~~ t111B pi'Op01'tJ', wlt~l ItB pl'tlat III't•\V01'1C Pf \'tl I1lB lLllll
e neces' its favorable ]ocatimr for tho handling rand ehipulont of oroB, ie vcr,y groat. OJ!
ooarso it is not problLblo that high grade ore will bo 1'oaud iu all of those
d hoist veins, but it is ronsuuably oorbniu tludl vast gnnatibius ol! ore having n vlilne oP
plu bin from f~f, to >9;].G per ton eau bo miueil 1`.rtun most ol! thorn, '171e groat ndvuuoo
Itmo, it mnilo in tho nmthods of trmLtiug tho ].owm' grades ol! oro iluriug the past yau',
l01 ono, I think, wnrrlLnts mu in prodictiug binlt ram' hu'go bodies ul'. brat grnilu will
rty and nltinmta]y bra a sonroo ol`. great profit to oho Company.
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