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Info Database Last Updated 08.04.2024 (Entity News entries: 103)
Type/Category of Info:
General Mining NewsInfo Source From:
Buena Vista Herald. Volume: 13 [XIII], Issue No. 52Info Publication Date:
April 28, 1894Info found on page:
1Info Title:
Independence Mine Still Ships Regularly The Independence mine is one of the prominent mines who still ships regularly, even when the labor troubles in the camp continues and greatly interfering with the output of the Cripple Creek district.
Notes/Text been Edited:
Abstracted and partly rewritten from source text.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Buena Vista Herald, April 28, 1894
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 29.05.2021
Type/Category of Info:
ArticleInfo Source From:
The Morning Times. Volume: 3 [III], Issue No. 224Info Publication Date:
January 7, 1896Info found on page:
1Info Title:
Independence Mine Not for SaleThe Independence Not Sold.
DENVER, Jan. 6.—It was rumored about the city today that W. S. Stratton had sold the Independence mine for $7,000,000 to Marshall Field, Lyman J. Cage and N. K. Fairbanks of Chicago.
In order to learn whether this story had any foundation a telegram was sent to Mr. Stratton and the following reply received:
"VICTOR, Col., Jan. 6.—The rumor in Denver regarding the sale of the Independence is without foundation. The mine is not for sale at any price.
"W. S. Stratton."
DENVER, Jan. 6.—It was rumored about the city today that W. S. Stratton had sold the Independence mine for $7,000,000 to Marshall Field, Lyman J. Cage and N. K. Fairbanks of Chicago. In order to learn whether this story had any foundation a telegram was sent to Mr. Stratton and the following reply received: "VICTOR, Col., Jan. 6.—The rumor in Denver regarding the sale of the Independence is without foundation. The mine is not for sale at any price."W. S. Stratton."Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ The Morning Times, January 7, 1896
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 13.03.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Morning Times. Volume: 5 [V]Info Publication Date:
September 2, 1897Info found on page:
1Info Title:
Snow Steam Pump Co. Machinery to Battle Mtn. MinesWILL BE SHIPPED TODAY.
------
Big Pumping Plant For Portland and Independence Mines.
Special Dispatch to The Times.
Buffalo, N.Y., Sep. 1 - The Snow Steam Pump company will to-morrow ship from their works in this city 400,000 pounds of machinery to the famous Independence and Portland mines of Cripple Creek, Colorado. The machinery consists chiefly of enormous pumps.
------Big Pumping Plant For Portland and Independence Mines.Special Dispatch to The Times. Buffalo, N.Y., Sep. 1 - The Snow Steam Pump company will to-morrow ship from their works in this city 400,000 pounds of machinery to the famous Independence and Portland mines of Cripple Creek, Colorado. The machinery consists chiefly of enormous pumps.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 07.02.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Morning Times. Volume: 5 [V]Info Publication Date:
September 2, 1897Info found on page:
1Info Title:
Battle Mountain Water Problems For some time past the water problem in the deeper mines of Battle mountain has been a serious one.
Not many weeks ago the lower levels of the Independence were flooded by a sudden inflow of water, and Mr. Stratton was summoned by wire to give directions as to its handling. It is known that an offer was made to the C.O.D. company for one of their enormous pumps which is lying on the ground, but that company refused to sell the machinery.
The Portland, too, has a heavy water flow to contend with, and the management has evidently taken time by the forelock and will put in such pumps as will not soon have to be replaced.
Not many weeks ago the lower levels of the Independence were flooded by a sudden inflow of water, and Mr. Stratton was summoned by wire to give directions as to its handling. It is known that an offer was made to the C.O.D. company for one of their enormous pumps which is lying on the ground, but that company refused to sell the machinery.The Portland, too, has a heavy water flow to contend with, and the management has evidently taken time by the forelock and will put in such pumps as will not soon have to be replaced.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 07.02.2019
Type/Category of Info:
ArticleInfo Source From:
Colorado State Mining Directory 1898; Buyer's Guide to Representative Mining Machinery and Supply Houses of America. Info Publication Date:
1898Info found on page:
156Info Title:
Independence MineLocated at Colorado Springs:
Name: Independence Mine
Capital:
President: W. S. Stratton, owner
Vice-President:
Secretary:
Treasurer:
Superintendent: James Emerson
Office: Stratton block.
Name: Independence MineCapital: President: W. S. Stratton, ownerVice-President: Secretary: Treasurer: Superintendent: James EmersonOffice: Stratton block.Notes/Text been Edited:
Changed from sentence formInternet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 156
- Hathi Trust Digital Library: ⊞ Colorado State Mining Directory, 1898
Above Info was Last Updated on 16.03.2024 (20:02:02)
Above Info was First Seen 06.04.2011
Type/Category of Info:
Mine InfoInfo Source From:
Colorado State Mining Directory 1898; Buyer's Guide to Representative Mining Machinery and Supply Houses of America. Info Publication Date:
1898Info found on page:
196Info Title:
Independence Mine (Victor)Principal Producing Cripple Creek Mines - 1898:
Name: Independence Mine (Victor)
Owner: Winfield S. Stratton
Capital:
President:
Vice-President:
Secretary:
Treasurer:
Superintendent: James Emerson
Manager:
Lessees:
Description: shaft; 3-drill Ingersoll-Sergeant compressor; 5-drill Norwalk compressor; 500-light and 250-light dynamos; ten Ingersoll and Ingersoll-Eclipse drills; three 300-horse power Heine safety boilers; 80-borse power horizontal Stearns-Roger boiler; 300-horse power 18x36 cylinder Stearns-Roger hoist, and 10x12 flat friction hoist; Cameron pumps.
Employes: 100 employes
Contact:
Notes:
Name: Independence Mine (Victor)Owner: Winfield S. StrattonCapital: President: Vice-President: Secretary: Treasurer: Superintendent: James EmersonManager: Lessees: Description: shaft; 3-drill Ingersoll-Sergeant compressor; 5-drill Norwalk compressor; 500-light and 250-light dynamos; ten Ingersoll and Ingersoll-Eclipse drills; three 300-horse power Heine safety boilers; 80-borse power horizontal Stearns-Roger boiler; 300-horse power 18x36 cylinder Stearns-Roger hoist, and 10x12 flat friction hoist; Cameron pumps.Employes: 100 employesContact: Notes: Notes/Text been Edited:
Changed from sentence formInternet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 196
- Hathi Trust Digital Library: ⊞ Colorado State Mining Directory, 1898
Above Info was Last Updated on 27.03.2024 (14:51:35)
Above Info was First Seen 10.04.2011
Type/Category of Info:
ArticleInfo Source From:
The Mineral Industry, Its Statistics, Technology & Trade in the U.S. and Other Countries. Volume: 6 [VI]Info Publication Date:
September 1898Info found on page:
264Info Title:
Independence 1897 Production The 1897 production was approximately for the Independence 14,500 tons.
Notes/Text been Edited:
Abstracted and partly rewritten from source text.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
- Hathi Trust Digital Library: ⊞ The Mineral industry. v.6 1897.
Above Info was Last Updated on 02.05.2022 (14:23:11)
Above Info was First Seen 07.05.2010
Type/Category of Info:
ArticleInfo Source From:
United States Investor. Volume: 10 [X], Issue No. 36Info Publication Date:
September 9, 1899Info found on page:
1213Info Title:
Stratton's Independence as of August 1899A CRIPPLE CREEK MINE
———
DENVER, COLO., Sept. 1, 1899.
For the information of British inquirers, the writer recently spent two days underground in the Independence mine, Cripple Creek, which was acquired by British capitalists on April 30 last. A brief description of the property is interesting, as illustrating the capabilities of the Cripple Creek district.
The mine was located in 1891. The property comprises 110 acres, of which 30 acres only are as yet exploited. The main shaft is 900 feet deep, from which there are nine levels at regular intervals of 100 feet. The total length of the main workings is a little over six and one-half miles.
From such workings (mainly from development work, as there has been the minimum of stoping done as yet) the books show that from the inception of the mine in 1891 to April 30 last, about $4,000,000 worth of gold was taken, the entire ore taken out averaging $92 per ton, the average net profit being over $57 per ton.
At the time the property was taken over on April 30 last, a conservative estimate placed the ore reserves then in sight, ready for stoping, at 70,000 tons, averaging four and three-quarters ounces in gold per ton, or a gross value of over $6,700,000.
Subsequent work tends to show that such estimate is well below the mark. The new owners took possession on May 1, and during May, June and July took out about 9,000 tons of ore of the average value of over $80 per ton, or a gross amount of over $700,000, at a net profit of 75 per cent.
The approximate output of the property for August was 3,200 tons of the estimated value of $260,000, bringing the total output for the four months to very nearly $1,000,000. It is expected that before this letter appears in print the first quarterly dividend of $450,000 will be declared in London, and that future quarterly dividends at the rate of $150,000 per month will be paid, besides accumulating handsome treasury reserve.
The point of this communication is that the Independence group acquired by British capital is by no means the only rich property in the Cripple Creek district. Other Cripple Creek properties, as yet of more limited development, owned in America, are quite capable, with further development and depth, of disclosing proportionately (according to acreage) equally extensive and rich ore bodies, while one or two of the larger and older mines already actually rival the Independence.
TONGE.
———DENVER, COLO., Sept. 1, 1899. For the information of British inquirers, the writer recently spent two days underground in the Independence mine, Cripple Creek, which was acquired by British capitalists on April 30 last. A brief description of the property is interesting, as illustrating the capabilities of the Cripple Creek district. The mine was located in 1891. The property comprises 110 acres, of which 30 acres only are as yet exploited. The main shaft is 900 feet deep, from which there are nine levels at regular intervals of 100 feet. The total length of the main workings is a little over six and one-half miles. From such workings (mainly from development work, as there has been the minimum of stoping done as yet) the books show that from the inception of the mine in 1891 to April 30 last, about $4,000,000 worth of gold was taken, the entire ore taken out averaging $92 per ton, the average net profit being over $57 per ton. At the time the property was taken over on April 30 last, a conservative estimate placed the ore reserves then in sight, ready for stoping, at 70,000 tons, averaging four and three-quarters ounces in gold per ton, or a gross value of over $6,700,000. Subsequent work tends to show that such estimate is well below the mark. The new owners took possession on May 1, and during May, June and July took out about 9,000 tons of ore of the average value of over $80 per ton, or a gross amount of over $700,000, at a net profit of 75 per cent. The approximate output of the property for August was 3,200 tons of the estimated value of $260,000, bringing the total output for the four months to very nearly $1,000,000. It is expected that before this letter appears in print the first quarterly dividend of $450,000 will be declared in London, and that future quarterly dividends at the rate of $150,000 per month will be paid, besides accumulating handsome treasury reserve. The point of this communication is that the Independence group acquired by British capital is by no means the only rich property in the Cripple Creek district. Other Cripple Creek properties, as yet of more limited development, owned in America, are quite capable, with further development and depth, of disclosing proportionately (according to acreage) equally extensive and rich ore bodies, while one or two of the larger and older mines already actually rival the Independence.TONGE.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 1213
- Hathi Trust Digital Library: ⊞ United States Investor; Vol. 10 (Jul.-Dec. 1899)
Above Info was Last Updated on 11.02.2024 (12:01:09)
Above Info was First Seen 11.02.2024
Type/Category of Info:
ArticleInfo Source From:
The Morning Times. Volume: 9 [IX], Issue No. 24Info Publication Date:
December 31, 1899Info found on page:
7 (3)Info Title:
1899 Dividends for Stratton's Independence During 1899 it was paid in Dividends by the Stratton's Independence—
September……………………$488,000
December..............…………488,000
Total……...............…………$976,000
September……………………$488,000December..............…………488,000Total……...............…………$976,000
Notes/Text been Edited:
Abstracted from source text talking about many companiesInternet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Morning Times, December 31, 1899
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 21.07.2020
Type/Category of Info:
General Mining NewsInfo Source From:
The Morning Times. Volume: 9 [IX], Issue No. 24Info Publication Date:
December 31, 1899Info found on page:
11 (7)Info Title:
Stratton's Independence StuffTHE INDEPENDENCE.
During the month of October and November, Stratton's Independence mine produced 6,454 tons of ore valued at $448,584 an average of $70 per ton. During the month of October no smelting ore was shipped at all, the production being limited to the low grade product, which was shipped to the mills. The result was a considerable reduction of the average values of the ore shipped, though the shipment of smelting ore was resumed in November. The profit for the two months was $316,650, a little more than 70 per cent of the gross value of the product. During the same period 485 feet of drifting and 259 feet of raising was done, all of the development being in ore. Four drills are kept at work on development and five on ore.
Some very interesting features were noticed during the work of the two months. The ore bodies have been largely increased, and the developments now in progress are indicative of a great addition to the ore reserves of the property. One incident of more than ordinary interest was the selection of a ton and a half of ore which yielded upward of $8,000.
Since the first of January, 1899, the mine has produced 38,500 tons of ore of a gross value of $2,250,000, an average of a little less than $79 to the ton. Of this amount 26,000 valued at about $2,000,000, has been taken out since the first of May, when the Venture corporation took the property, the average value since that time being about $77 per ton.
The figures given show a remarkable evenness in the value of the ore, and had it not been for the suspension of shipments of smelting ore during the month of October the average per ton would have been much higher. The mine is in fine condition and the reserves after producing $2,500,000 and paying out nearly a million dollars for six months' dividend is larger than ever.
During the month of October and November, Stratton's Independence mine produced 6,454 tons of ore valued at $448,584 an average of $70 per ton. During the month of October no smelting ore was shipped at all, the production being limited to the low grade product, which was shipped to the mills. The result was a considerable reduction of the average values of the ore shipped, though the shipment of smelting ore was resumed in November. The profit for the two months was $316,650, a little more than 70 per cent of the gross value of the product. During the same period 485 feet of drifting and 259 feet of raising was done, all of the development being in ore. Four drills are kept at work on development and five on ore. Some very interesting features were noticed during the work of the two months. The ore bodies have been largely increased, and the developments now in progress are indicative of a great addition to the ore reserves of the property. One incident of more than ordinary interest was the selection of a ton and a half of ore which yielded upward of $8,000. Since the first of January, 1899, the mine has produced 38,500 tons of ore of a gross value of $2,250,000, an average of a little less than $79 to the ton. Of this amount 26,000 valued at about $2,000,000, has been taken out since the first of May, when the Venture corporation took the property, the average value since that time being about $77 per ton. The figures given show a remarkable evenness in the value of the ore, and had it not been for the suspension of shipments of smelting ore during the month of October the average per ton would have been much higher. The mine is in fine condition and the reserves after producing $2,500,000 and paying out nearly a million dollars for six months' dividend is larger than ever.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Morning Times, December 31, 1899
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 25.08.2020
Type/Category of Info:
ArticleInfo Source From:
United States Investor. Volume: 11 [XI], Issue No. 6Info Publication Date:
February 10, 1900Info found on page:
195Info Title:
Stratton’s Independence, Limited January 1900 Happenings Denver, Colo., Feb. 2, 1900—During the past month Stratton's Independence mine (with headquarters in London, England,) produced approximately 3,300 tons of ore of the value of $275,000, or about $65,000 more than the property produced in December, making the total production from the property since the company took charge on May 1, 1899, nearly $2,500,000.
I am informed by the consulting engineer. Mr. T. A. Rickard, M. E., that on one single day in January, the 30th, 200 tons of ore were taken out of Stratton's Independence mine of the average value of $250 per ton, the day's output, therefore, representing $50,000.
About the 15th of the present month the third quarterly dividend of Stratton's Independence Limited will be declared, expected to be $488,000 as usual, which will make a total of $1,464,000 paid in dividends by the company since May 1, 1899.
I am informed by the consulting engineer. Mr. T. A. Rickard, M. E., that on one single day in January, the 30th, 200 tons of ore were taken out of Stratton's Independence mine of the average value of $250 per ton, the day's output, therefore, representing $50,000. About the 15th of the present month the third quarterly dividend of Stratton's Independence Limited will be declared, expected to be $488,000 as usual, which will make a total of $1,464,000 paid in dividends by the company since May 1, 1899.Notes/Text been Edited:
Abstracted and slightly rewritten from source text.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 195
- Hathi Trust Digital Library: ⊞ United States Investor; Vol. 11 (Jan.-Jul. 1900)
Above Info was Last Updated on 16.02.2024 (15:53:32)
Above Info was First Seen 16.02.2024
Type/Category of Info:
ArticleInfo Source From:
Durango Wage Earner. Volume: 6 [VI], Issue No. 44Info Publication Date:
November 22, 1900Info found on page:
3Info Title:
Hammond to Take Charge of Stratton's IndependenceHAMMOND WILL TAKE CHARGE
OF STRATTON'S INDEPENDENCE
————————————
Denver, Colo., Nov. 20.—John Hays Hammond arrived in Denver yesterday from Utah, says this morning's Republican, where he has been making a personal examination of some of Captain De La Mar's mines, and last night left for Cripple Creek, to take charge of Stratton's Independence mine for the Venture Corporation. Mr. Hammond will first make a thorough examination of the big gold mine, and upon the result of his findings will depend the future working of the mine. Mr. Hammond spent the afternoon with Thomas F. Walsh discussing with the owner the affairs of the Camp Bird mine, which Mr. Hammond examined a few weeks ago.
Mr. Hammond has been asked by shareholders in Stratton's Independence Mine to take complete charge of the property, a task which he has promised to undertake provided he is put in full charge, to act as consulting engineer with the powers of a local board of directors invested in him. He has asked for authority to conduct the mine in a manner according to his own judgment; to do "dead" work, or development, and cut down the dividends, or pass them altogether for a few months, until the property could be developed and made to show what its capabilities are.
"The trouble with the mine now is that it has been squeezed to pay the big dividends that the company has promised shareholders." said Mr. Hammond yesterday. "It is a state of affairs that has been known to us here for some time, but has just now become known to the English holders of the shares, and the information has caused the present drop in the stock.
"I am no better able than any one else to say now what are the future possibilities of the mine," continued Mr. Hammond, in answer to a request to tell what would be the policy of the company. "It is to try to determine what can be done that I am going down.
"I consider that Mr. Richard's first estimate of the ore in sight was conservative, telling only what seemed at least to be the truth. His further estimates were based principally on the reports of subordinates, which he also believed. He was thoroughly honest in all that he said. But Mr. Rickard was handicapped by not having complete access to the mine. It was a great surprise to both Mr. Rickard and Mr. Baker when they returned here and found that the ore body was not what it had been reported, and they at once made the English investors acquainted with the fact. There was no attempt to conceal anything, and I know for a fact that Mr. Rickard had such faith in his report that he bought blocks of the shares at 42.5c. which he still holds. He did not attempt to unload when he found that the mine was not equal to his expectation.
"I want to deny emphatically that the drop in the shares of Stratton's Independence is due in any way to a stock jobbing scheme. The report that has been brought about by the Wernher, Beit & Co. people is utterly false. The Wernher company is too big to go into any such scheme. It owns mines in South Africa which produce more gold than all the Colorado mines, and is not a concern which for the sake of gaining a million or two dollars would cheat a large number of people of their property. When Wernher, Belt & Co. engage in American mining enterprises it will be in another way than by stock jobbing. The whole truth of the drop in the price of the stock is that the mine has proved to be unable to keep up the pace set for it.
"The future of Colorado mining enterprises in England is in a great measure dependent upon the outcome of the sale of Stratton's Independence. It is the one big Cripple Creek venture that has been made in London and should it fail it will be a long time before others can be placed there with any success.
"My wish is to take the property and make it a paying investment for the English stockholders. They have put in their money in good faith and are entitled to every opportunity. The present high rate of dividends cannot be continued. The mine must be continued on a business principle with developments in advance of production. I am not prepared to say that this can be done, but an examination of the mine will prove whether it can.
"I should like to see it made to pay the English investors a good return on their money. If this is done, there will be further investments made here, and we certainly need English capital to develop the mines of the state. I have a personal interest in the success of this mine for the reason that it means so much to future ventures. We need the English capital and are seeking it more than it seeks us. If we get it firmly established here, Colorado will be the field of investment rather than Africa or elsewhere, and my interests are in the development of Colorado."
Mr. Hammond spoke in high praise of the work of Manager Shipman of the mine, saying that he would probably be retained in his present position, only that he may be subordinate to the consulting engineer.
Yesterday the certificate of appointment of T. A. Richard as Colorado agent for the Venture Corporation was filed in the office of the secretary of state. The certificate was signed by Henry William Lowe, president, and Edgar Fairweather, secretary, No.3 Princess street, London.
OF STRATTON'S INDEPENDENCE———————————— Denver, Colo., Nov. 20.—John Hays Hammond arrived in Denver yesterday from Utah, says this morning's Republican, where he has been making a personal examination of some of Captain De La Mar's mines, and last night left for Cripple Creek, to take charge of Stratton's Independence mine for the Venture Corporation. Mr. Hammond will first make a thorough examination of the big gold mine, and upon the result of his findings will depend the future working of the mine. Mr. Hammond spent the afternoon with Thomas F. Walsh discussing with the owner the affairs of the Camp Bird mine, which Mr. Hammond examined a few weeks ago. Mr. Hammond has been asked by shareholders in Stratton's Independence Mine to take complete charge of the property, a task which he has promised to undertake provided he is put in full charge, to act as consulting engineer with the powers of a local board of directors invested in him. He has asked for authority to conduct the mine in a manner according to his own judgment; to do "dead" work, or development, and cut down the dividends, or pass them altogether for a few months, until the property could be developed and made to show what its capabilities are. "The trouble with the mine now is that it has been squeezed to pay the big dividends that the company has promised shareholders." said Mr. Hammond yesterday. "It is a state of affairs that has been known to us here for some time, but has just now become known to the English holders of the shares, and the information has caused the present drop in the stock. "I am no better able than any one else to say now what are the future possibilities of the mine," continued Mr. Hammond, in answer to a request to tell what would be the policy of the company. "It is to try to determine what can be done that I am going down. "I consider that Mr. Richard's first estimate of the ore in sight was conservative, telling only what seemed at least to be the truth. His further estimates were based principally on the reports of subordinates, which he also believed. He was thoroughly honest in all that he said. But Mr. Rickard was handicapped by not having complete access to the mine. It was a great surprise to both Mr. Rickard and Mr. Baker when they returned here and found that the ore body was not what it had been reported, and they at once made the English investors acquainted with the fact. There was no attempt to conceal anything, and I know for a fact that Mr. Rickard had such faith in his report that he bought blocks of the shares at 42.5c. which he still holds. He did not attempt to unload when he found that the mine was not equal to his expectation. "I want to deny emphatically that the drop in the shares of Stratton's Independence is due in any way to a stock jobbing scheme. The report that has been brought about by the Wernher, Beit & Co. people is utterly false. The Wernher company is too big to go into any such scheme. It owns mines in South Africa which produce more gold than all the Colorado mines, and is not a concern which for the sake of gaining a million or two dollars would cheat a large number of people of their property. When Wernher, Belt & Co. engage in American mining enterprises it will be in another way than by stock jobbing. The whole truth of the drop in the price of the stock is that the mine has proved to be unable to keep up the pace set for it. "The future of Colorado mining enterprises in England is in a great measure dependent upon the outcome of the sale of Stratton's Independence. It is the one big Cripple Creek venture that has been made in London and should it fail it will be a long time before others can be placed there with any success. "My wish is to take the property and make it a paying investment for the English stockholders. They have put in their money in good faith and are entitled to every opportunity. The present high rate of dividends cannot be continued. The mine must be continued on a business principle with developments in advance of production. I am not prepared to say that this can be done, but an examination of the mine will prove whether it can. "I should like to see it made to pay the English investors a good return on their money. If this is done, there will be further investments made here, and we certainly need English capital to develop the mines of the state. I have a personal interest in the success of this mine for the reason that it means so much to future ventures. We need the English capital and are seeking it more than it seeks us. If we get it firmly established here, Colorado will be the field of investment rather than Africa or elsewhere, and my interests are in the development of Colorado." Mr. Hammond spoke in high praise of the work of Manager Shipman of the mine, saying that he would probably be retained in his present position, only that he may be subordinate to the consulting engineer. Yesterday the certificate of appointment of T. A. Richard as Colorado agent for the Venture Corporation was filed in the office of the secretary of state. The certificate was signed by Henry William Lowe, president, and Edgar Fairweather, secretary, No.3 Princess street, London.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Durango Wage Earner, November 22, 1900
- Colorado Historic Newspaper Collection: ⊞ Article
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 30.10.2020
Type/Category of Info:
ArticleInfo Source From:
United States Investor. Volume: 11 [XI], Issue No. 50Info Publication Date:
December 15, 1900Info found on page:
1689Info Title:
Stratton's Independence Report Brings Sadness in LondonSTRATTON'S INDEPENDENCE LIMITED.
———
THROGMORTON STREET, Dec. 1, 1900.
The report of Mr. Hays Hammond on the above property is another heavy blow to that bolder section of the investing public who engage in mining speculations. The Associated Goldfields of Westralia scandal was bad enough, and now from America comes a blast which has shattered all confidence in Stratton's Independence, a property which a little time back was regarded as an American mine of the first rank.
The shareholders have had but a short run for their money. It is just eighteen months since the prospectus of the company was published here. It was for public information only, for of the capital of £1,100,000 in £1 shares, none were then offered to the public. A million shares credited as fully paid were allotted to Mr. Stratton, the vendor, and the balance was reserved for providing additional working capital.
A certain romantic interest hangs about the vendor. In 1891 he discovered the property in Cripple Creek, Colorado, and pegged out about 110 acres. During the next seven years Mr. Stratton succeeded in obtaining from the mine a total gross value of $3,837,360, and 62 per cent of this gross output he realized as net profit.
At this point Mr. Stratton began to feel the pressure of the hand of time, and proceeded to beckon to the English public to come over and help him. An English company was formed; Mr. Stratton took a seat on the board, and the work at the mine, proceeded apace. It was not, however, Mr. Stratton's intention to remain the only shareholder in the company. It is said that he cherished the philanthropic resolve of leaving his money to the state of Colorado at his death, having no further use for it.
He therefore took steps to convert his shares into cash. The company began to pay quarterly dividends at the rate of 40 per cent, and Mr. Stratton began to give options on his shares. Active dealings followed, the options were exercised, and the price of the shares rose steadily to £3, in spite of the "tap" thus turned on.
This condition of things was too good to live, and vague rumors came floating over from the other side to the effect that the currants were being picked out of the cake, and that before long nothing would be left but the dough. There was a Westralian flavor about this that made timid investors shiver. Outsiders began to look coldly upon the shares, and for the first time since the inception of the company.
THE GROWL OF THE BEAR
was heard. The quotation for the shares began to fall away, and the directors saw that their only hope of restoring the gilt to the gingerbread was to send out a first rate mining engineer to report on the property. The gentleman chosen was Mr. Hays Hammond, whose skill and experience are admitted on all sides.
Mr. Hammond's cablegram has now been received, and has been the sensation of the week. The original prospectus contained a report on the property by Mr. T. A. Rickard, state geologist of Colorado. Mr. Rickard's statements and those of Mr. Hammond are in absolute contrast. The ore reserves were valued by the former at $6,712,000, and by the latter at only $2,300,000.
Only 30 acres of the property have been developed, but in Mr. Rickard's opinion the remaining 80 acres have "unlimited possibilities." Mr. Hammond merely agrees that "the area in question is worthy of exploration."
The directors have agreed to Mr. Hammond's suggestion that of the $1,000,000 net profit, which he estimates from the present ore reserve, $488,000 be appropriated to dividend, leaving the balance for exploration. This would give the shareholders a 10 per cent dividend, with the possibility of new and favorable developments in the 80 acres of unexplored territory.
This is doubtless the best arrangement, but it is a poor outlook for the disappointed shareholders, accustomed to quarterly dividends at the rate of 40 per cent.
LINCOLN.
———THROGMORTON STREET, Dec. 1, 1900. The report of Mr. Hays Hammond on the above property is another heavy blow to that bolder section of the investing public who engage in mining speculations. The Associated Goldfields of Westralia scandal was bad enough, and now from America comes a blast which has shattered all confidence in Stratton's Independence, a property which a little time back was regarded as an American mine of the first rank. The shareholders have had but a short run for their money. It is just eighteen months since the prospectus of the company was published here. It was for public information only, for of the capital of £1,100,000 in £1 shares, none were then offered to the public. A million shares credited as fully paid were allotted to Mr. Stratton, the vendor, and the balance was reserved for providing additional working capital. A certain romantic interest hangs about the vendor. In 1891 he discovered the property in Cripple Creek, Colorado, and pegged out about 110 acres. During the next seven years Mr. Stratton succeeded in obtaining from the mine a total gross value of $3,837,360, and 62 per cent of this gross output he realized as net profit. At this point Mr. Stratton began to feel the pressure of the hand of time, and proceeded to beckon to the English public to come over and help him. An English company was formed; Mr. Stratton took a seat on the board, and the work at the mine, proceeded apace. It was not, however, Mr. Stratton's intention to remain the only shareholder in the company. It is said that he cherished the philanthropic resolve of leaving his money to the state of Colorado at his death, having no further use for it. He therefore took steps to convert his shares into cash. The company began to pay quarterly dividends at the rate of 40 per cent, and Mr. Stratton began to give options on his shares. Active dealings followed, the options were exercised, and the price of the shares rose steadily to £3, in spite of the "tap" thus turned on. This condition of things was too good to live, and vague rumors came floating over from the other side to the effect that the currants were being picked out of the cake, and that before long nothing would be left but the dough. There was a Westralian flavor about this that made timid investors shiver. Outsiders began to look coldly upon the shares, and for the first time since the inception of the company.THE GROWL OF THE BEARwas heard. The quotation for the shares began to fall away, and the directors saw that their only hope of restoring the gilt to the gingerbread was to send out a first rate mining engineer to report on the property. The gentleman chosen was Mr. Hays Hammond, whose skill and experience are admitted on all sides. Mr. Hammond's cablegram has now been received, and has been the sensation of the week. The original prospectus contained a report on the property by Mr. T. A. Rickard, state geologist of Colorado. Mr. Rickard's statements and those of Mr. Hammond are in absolute contrast. The ore reserves were valued by the former at $6,712,000, and by the latter at only $2,300,000. Only 30 acres of the property have been developed, but in Mr. Rickard's opinion the remaining 80 acres have "unlimited possibilities." Mr. Hammond merely agrees that "the area in question is worthy of exploration." The directors have agreed to Mr. Hammond's suggestion that of the $1,000,000 net profit, which he estimates from the present ore reserve, $488,000 be appropriated to dividend, leaving the balance for exploration. This would give the shareholders a 10 per cent dividend, with the possibility of new and favorable developments in the 80 acres of unexplored territory. This is doubtless the best arrangement, but it is a poor outlook for the disappointed shareholders, accustomed to quarterly dividends at the rate of 40 per cent.LINCOLN.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 1689
- Hathi Trust Digital Library: ⊞ United States Investor; Vol. 11 (Jul.-Dec. 1900)
Above Info was Last Updated on 04.03.2024 (19:40:27)
Above Info was First Seen 04.03.2024
Type/Category of Info:
ArticleInfo Source From:
United States Investor. Volume: 11 [XI], Issue No. 52Info Publication Date:
December 29, 1900Info found on page:
1755Info Title:
London is Wrong About Stratton's IndependenceSTRATTON'S INDEPENDENCE, LIMITED.
———
DENVER, COLO. Dec. 21, 1900.
Editor United States Investor:
On page 1689 of the "Investor" of the 15th inst. appears a letter, under the above heading, from "Lincoln," your regular London correspondent. Such letter doubtless represents the average London view of the subject, which is, however, more or less inaccurate.
For instance, among other things, he says: "At this point Mr. Stratton began to feel the pressure of the hand of time, and proceeded to beckon to the English public to come over and help him."
The facts are that Mr. Stratton did not offer his property to any one, but was persistently importuned to give an option on it, and only eventually reluctantly and somewhat dubiously consented. The mine was examined by an English mining engineer, acting on behalf of the London purchasers, and purchased on his advice, and not on any representations made by the vendor. Moreover, the price was fixed by the purchasers themselves, and agreed to by the vendor, and the vendor has not paid, and is not liable to pay, $1 of commission to any one in respect of the sale.
THE FAULT LIES IN LONDON.
London will never get a better mine nor in better condition than was this property when it was turned over by the vendor on May 1, 1899. Ever since that time the property has been under the control of the London board with an English local management to do its bidding.
The company organized and incorporated in London, and its details were merely the means agreed upon as to the method by which the vendor should transfer the property and receive the purchase money, Mr. Stratton nominally retaining a seat on the board until he was paid in full.
Whatever the purpose of the London management in the past, as to grossly excessive ore shipments and dividends, whether it was for stock-jobbing purposes or not, and whether the recent events really covered a mere "bear raid" on the stock, there is no one who will attempt to uphold any such policy as has resulted in the practical "gutting" of a phenomenally good mine, without any simultaneous, commensurate development work.
That there is a good and legitimate future for the property is the opinion of nearly every mining man in Cripple Creek, and it is a pity that our best mines should occasionally go into the hands of those who ruin them, and bring discredit on ruining in general, and Colorado in particular.
There was a general feeling of satisfaction and relief throughout Colorado mining circles when it became definitely known that the Camp Bird and other well-known properties were not going to pass into London hands and under proverbial London mismanagement and manipulation.
The feeling is practically universal in Colorado that it is not possible, through London channels, for a Colorado mining property, no matter how good, to reach the investing British public on a legitimate basis, and that the fault lies in London.
COLORADO.
———DENVER, COLO. Dec. 21, 1900.Editor United States Investor: On page 1689 of the "Investor" of the 15th inst. appears a letter, under the above heading, from "Lincoln," your regular London correspondent. Such letter doubtless represents the average London view of the subject, which is, however, more or less inaccurate. For instance, among other things, he says: "At this point Mr. Stratton began to feel the pressure of the hand of time, and proceeded to beckon to the English public to come over and help him." The facts are that Mr. Stratton did not offer his property to any one, but was persistently importuned to give an option on it, and only eventually reluctantly and somewhat dubiously consented. The mine was examined by an English mining engineer, acting on behalf of the London purchasers, and purchased on his advice, and not on any representations made by the vendor. Moreover, the price was fixed by the purchasers themselves, and agreed to by the vendor, and the vendor has not paid, and is not liable to pay, $1 of commission to any one in respect of the sale.THE FAULT LIES IN LONDON. London will never get a better mine nor in better condition than was this property when it was turned over by the vendor on May 1, 1899. Ever since that time the property has been under the control of the London board with an English local management to do its bidding. The company organized and incorporated in London, and its details were merely the means agreed upon as to the method by which the vendor should transfer the property and receive the purchase money, Mr. Stratton nominally retaining a seat on the board until he was paid in full. Whatever the purpose of the London management in the past, as to grossly excessive ore shipments and dividends, whether it was for stock-jobbing purposes or not, and whether the recent events really covered a mere "bear raid" on the stock, there is no one who will attempt to uphold any such policy as has resulted in the practical "gutting" of a phenomenally good mine, without any simultaneous, commensurate development work. That there is a good and legitimate future for the property is the opinion of nearly every mining man in Cripple Creek, and it is a pity that our best mines should occasionally go into the hands of those who ruin them, and bring discredit on ruining in general, and Colorado in particular. There was a general feeling of satisfaction and relief throughout Colorado mining circles when it became definitely known that the Camp Bird and other well-known properties were not going to pass into London hands and under proverbial London mismanagement and manipulation. The feeling is practically universal in Colorado that it is not possible, through London channels, for a Colorado mining property, no matter how good, to reach the investing British public on a legitimate basis, and that the fault lies in London.COLORADO.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 1755
- Hathi Trust Digital Library: ⊞ United States Investor; Vol. 11 (Jul.-Dec. 1900)
Above Info was Last Updated on 05.03.2024 (09:46:58)
Above Info was First Seen 05.03.2024
Type/Category of Info:
General Mining NewsInfo Source From:
Fairplay Flume. Volume: 23 [XXIII], Issue No. 10Info Publication Date:
April 12, 1901Info found on page:
1Info Title:
Stratton's Independence Mine May Never Reach Expectations Stratton's Independence mine may never reach the expectations of the English stockholders, and those who paid $15 a share may always have a balance due them, but greater dividends will be paid than expected when the estimate of the ore reserve made by an English expert, were found to be very much too high, and when it was learned that the big ore shoot dipped into Portland ground.
March 2nd, when John Hays Hammond made his last remittance to the company in London, the total sent to England since January 14th was $350,000 clear profits. The ore shipped in that time averaged about $45 a ton.
Mr. Hammond's hope of making a big mine again is in opening a shoot in the south drift.
March 2nd, when John Hays Hammond made his last remittance to the company in London, the total sent to England since January 14th was $350,000 clear profits. The ore shipped in that time averaged about $45 a ton. Mr. Hammond's hope of making a big mine again is in opening a shoot in the south drift.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Fairplay Flume, April 12, 1901
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 12.10.2019
Type/Category of Info:
General Mining NewsInfo Source From:
Fairplay Flume. Volume: 23 [XXIII], Issue No. 10Info Publication Date:
April 12, 1901Info found on page:
1Info Title:
Stratton's Independence Production At Stratton's Independence, thirty-two ore sorters are now being employed and production is running heavier than ever before in the history of the mine.
Everything now being done at the big bonanza is on a scale to suggest that the hue and cry which was raised about the ore having disappeared was too early by many years.
Everything now being done at the big bonanza is on a scale to suggest that the hue and cry which was raised about the ore having disappeared was too early by many years.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Fairplay Flume, April 12, 1901
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 12.10.2019
Type/Category of Info:
ArticleInfo Source From:
The Mineral Industry, Its Statistics, Technology & Trade in the U.S. and Other Countries. Volume: 9 [IX]Info Publication Date:
September 1901Info found on page:
321Info Title:
Stratton's Independence Stuff Now that the policy to be followed in the handling of the Independence mine at Cripple Creek has been determined there is hope for profitable returns from the property. The report of the distinguished mine expert, Mr. John Hays Hammond, appointed by the English stockholders to investigate the mine after the discovery last year that the property had been overestimated, stated that "the available ore, so far as present development extends, does not exceed 120,000 tons, with a gross value of $2,300,000, which will give a net yield of $1,000,000 for dividends."
Mr. Hammond has been entrusted by the company with full authority to prosecute needed development of the mine, it being agreed that it shall pay in 1901 a dividend of $488,000, or 10% on the capital stock, the remainder of the year’s profits to be applied to developing the mine. Under his direction the levels are now being lowered from 1,000 to 1,500 ft. in hope of the good results that have followed deep working in similar properties in the same district.
There can be little doubt that the Independence is a good mine and can still be successfully worked. While the doubt and disappointment attending its acquirement by the Venture Co., of London, may check for a time the flotation of other Cripple Creek mines, there is every reason for the fullest confidence in the district and for the belief that it will be a large producer for many years to come.
Mr. Hammond has been entrusted by the company with full authority to prosecute needed development of the mine, it being agreed that it shall pay in 1901 a dividend of $488,000, or 10% on the capital stock, the remainder of the year’s profits to be applied to developing the mine. Under his direction the levels are now being lowered from 1,000 to 1,500 ft. in hope of the good results that have followed deep working in similar properties in the same district. There can be little doubt that the Independence is a good mine and can still be successfully worked. While the doubt and disappointment attending its acquirement by the Venture Co., of London, may check for a time the flotation of other Cripple Creek mines, there is every reason for the fullest confidence in the district and for the belief that it will be a large producer for many years to come.Notes/Text been Edited:
Abstracted from source text about 'Gold and Silver Mining in the United States'.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
- Hathi Trust Digital Library: ⊞ The Mineral industry. v.9 1900.
Above Info was Last Updated on 16.05.2022 (08:31:56)
Above Info was First Seen 16.05.2022
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 10 [X], Issue No. 19Info Publication Date:
November 28, 1901Info found on page:
2Info Title:
Stratton's Independence October Shipments During the month of October the Venture company shipped 5,570 tons of ore from Stratton's Independence, which is a good showing considering the fact that for four days the shipping department was idle and for eleven days there was a production of about one-half the customary quota.
Last month the output was about 8,000 tons, and but for the unfortunate delay incident to a railroad warfare these figures would doubtless have been exceeded.
Last month the output was about 8,000 tons, and but for the unfortunate delay incident to a railroad warfare these figures would doubtless have been exceeded.Notes/Text been Edited:
Abstracted from source textAbove Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 04.07.2020
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 10 [X], Issue No. 19Info Publication Date:
November 28, 1901Info found on page:
3Info Title:
Stratton's Independence John Hays Hammond, consulting engineer for Stratton's Independence, made a short visit to that mine last week, and left last night for Denver. It is understood that Mr. Hammond is pleased with the mineral showing at the Independence and the generally favorable condition of the mine.
Stratton's Independence is outputting 300 tons a day, the ore being shipped over the Midland Terminal tracks. The grade of the quartz is about $40 a ton. The mine is in splendid shape, and in the lower workings the showing is immense.
It certainly looks as though the English company that paid $10,000,000 to W. S. Stratton for the mine made no mistake.
Stratton's Independence is outputting 300 tons a day, the ore being shipped over the Midland Terminal tracks. The grade of the quartz is about $40 a ton. The mine is in splendid shape, and in the lower workings the showing is immense. It certainly looks as though the English company that paid $10,000,000 to W. S. Stratton for the mine made no mistake.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 04.07.2020
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 3Info Publication Date:
January 17, 1903Info found on page:
131Info Title:
Stratton’s Independence, Limited Stuff Stratton's Independence, Limited.—This company has filed in the Federal Court a suit for $6,000,000 against the executors and trustees of the Stratton estate and also against I. Harry Stratton, heir at law. The complaint alleges that the mine was “salted" before the sale, negotiated through the Venture Corporation, of London.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 131
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 04.05.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 4Info Publication Date:
January 24, 1903Info found on page:
163Info Title:
Stratton's Independence Has Installed New Large Pump Stratton's Independence, Limited.—This property has installed a large new triple expansion pump, capable of handling 1,000 gal. of water per minute. As far as can be learned, the mine is doing fairly well and considerable ore is shipped.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 163
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 05.05.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 7Info Publication Date:
February 14, 1903Info found on page:
274Info Title:
Stratton’s Independence Rumor About 4th Level Stratton’s Independence, Limited.—A report is in circulation that from 3 to 5 ft. of rich ore has been found in the 4th level south, of Stratton’s Independence, but no confirmation can be obtained.
Notes/Text been Edited:
Text is shortened because either at least 1 line of text is missing, or the cut text has nothing to do with the rest of the textInternet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 274
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 17.05.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 10Info Publication Date:
March 7, 1903Info found on page:
384Info Title:
Stratton's Independence, Ltd Will Open Up 1,400-Foot Level[Listed under Gilpin, but as this is Cripple Creek Stuff I included it here]:
It is understood that opening the 1,400-ft. level is to begin at once. A few repairs have been made on the pump and the water is easily handled. The mine is producing from 250 to 300 tons per day, coming from every level. About 450 men are employed.
It is understood that opening the 1,400-ft. level is to begin at once. A few repairs have been made on the pump and the water is easily handled. The mine is producing from 250 to 300 tons per day, coming from every level. About 450 men are employed.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 384
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 07.04.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 12Info Publication Date:
March 21, 1903Info found on page:
457Info Title:
Strike Situation at Cripple Creek President Moyer, of the Western Federation of Miners, on March 17 refused the offer of the United States Reduction and Refining Company to have Chief Justice Campbell or a man named by Governor Peabody investigate the strike at the company's mill at Colorado City, with a view to arbitration, and ordered out 600 miners employed on Stratton's Independence, the Hull City Placer, Granite, and Findley mines, all of which ship to the Standard Mill
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 457
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 12.04.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 13Info Publication Date:
March 28, 1903Info found on page:
497Info Title:
Stratton's Independence, Limited is Shut DownStratton's Independence, Limited.
This company has stopped work at the mine. The miners struck because the mine ships to the Standard Mill at Colorado City, which has been declared unfair.
This company has stopped work at the mine. The miners struck because the mine ships to the Standard Mill at Colorado City, which has been declared unfair.Notes/Text been Edited:
Abstracted from a somewhat longer text mention many other mines also affected of the strike.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 497
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 04.02.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV]Info Publication Date:
April 4, 1903Info found on page:
537Info Title:
Stratton's Independence closed due the Strike Situation The situation is somewhat improved, but not yet settled. A number of concessions have been made by both sides. At present it seems as though the strike at the Standard mill would be settled, as all the demands of the union men at the mill have been met with, except as to the reinstatement of some of the striking mill men. If the trouble is not settled very soon a number of mines will have to close from having no marked for their ore.
At present the Stratton's Independence mine is shut down due to the strike.
At present the Stratton's Independence mine is shut down due to the strike.Notes/Text been Edited:
Abstract, rewritten from a somewhat larger text.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 537
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 31.01.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 15Info Publication Date:
April 11, 1903Info found on page:
574Info Title:
Independence Resumed Work Independence has resumed work after the millmen's strike settlement, which makes everything look brighter in the Cripple Creek District. The settlement is a matter of congratulation, as a general strike would probably have resulted in a complete tie-up for a long time.
Notes/Text been Edited:
Text been abstracted and restructured from the source text who bundled several mines together.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 574
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 17.04.2019
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 3 [III], Issue No. 3Info Publication Date:
April 18, 1903Info found on page:
14Info Title:
Stratton's Independence Doing Good The official report from London on the operation of the Stratton's Independence for the week ending March 15 has just been received in this city and shows that during that period 2195 tons of ore were shipped, yielding a gross value of $44,000.
Since March 1 the mine has been doing considerably better in point of gross production, and while no official explanation is given therefor, it is concluded that the strike of 1½-ounce ore in the 700-foot level last month is responsible.
The average grade of the ore has been improving gradually.
Since March 1 the mine has been doing considerably better in point of gross production, and while no official explanation is given therefor, it is concluded that the strike of 1½-ounce ore in the 700-foot level last month is responsible. The average grade of the ore has been improving gradually.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 14
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 3 (April 1903-March 1904)
Above Info was Last Updated on 25.08.2023 (08:34:35)
Above Info was First Seen 11.11.2010
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 20Info Publication Date:
May 16, 1903Info found on page:
760Info Title:
Stratton Independence Mine Denver SuitDenver, May 9.
In the Federal Court at Denver on May 7, in the suit brought by the present owners of the Stratton Independence Mine, Cripple Creek, against the estate of the late W. S. Stratton, to recover $4,000,000, Judge Caldwell denied two motions made by the defendant's attorneys, which decisions, however, do not affect the merits of the case.
In the Federal Court at Denver on May 7, in the suit brought by the present owners of the Stratton Independence Mine, Cripple Creek, against the estate of the late W. S. Stratton, to recover $4,000,000, Judge Caldwell denied two motions made by the defendant's attorneys, which decisions, however, do not affect the merits of the case.Notes/Text been Edited:
Abstracted from a somewhat larger text of various Colorado stuff.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 03.02.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 20Info Publication Date:
May 16, 1903Info found on page:
762Info Title:
Stratton's Independence, Limited The report of a strike of rich ore on the lower levels has been denied.
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 03.02.2019
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 3 [III], Issue No. 8Info Publication Date:
May 23, 1903Info found on page:
2Info Title:
Stratton's Independence Mine Inspection in Preparation for Suit A thorough inspection of Stratton's Independence mine is now being made by a corps of experts. The suit of the Venture Corporation against the company is liable to come up at any day.
In their demand they assert that the mine had been salted and ask for $6,000000.
In their demand they assert that the mine had been salted and ask for $6,000000.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 2
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 3 (April 1903-March 1904)
Above Info was Last Updated on 26.08.2023 (08:56:58)
Above Info was First Seen 11.11.2010
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 3 [III], Issue No. 9Info Publication Date:
May 30, 1903Info found on page:
2Info Title:
Stratton's Independence Doing Great The celebrated Stratton's Independence mine is regaining its former prestige, judging by the official record of its production. A monster cash reserve is being accumulated from the profits, and it is now understood to be close to one million dollars.
Good reports are constantly being received and the management is arranging to operate at great depth. English experts reported several years ago that the mine had played out; since that time however, it has produced millions of dollars of ore, it still producing, and the stock is slowly creeping up to its former price.
So far as the depth is concerned local people have no doubts, although it is possible that the veins may pass beyond the boundary lines of the property.
This of course, is no reflection on the district, and it is by no means certain that this result will follow, although it is credited by some.
Good reports are constantly being received and the management is arranging to operate at great depth. English experts reported several years ago that the mine had played out; since that time however, it has produced millions of dollars of ore, it still producing, and the stock is slowly creeping up to its former price. So far as the depth is concerned local people have no doubts, although it is possible that the veins may pass beyond the boundary lines of the property. This of course, is no reflection on the district, and it is by no means certain that this result will follow, although it is credited by some.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 2
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 3 (April 1903-March 1904)
Above Info was Last Updated on 26.08.2023 (09:16:45)
Above Info was First Seen 11.11.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 75 [LXXV], Issue No. 24Info Publication Date:
June 13, 1903Info found on page:
910Info Title:
Stratton’s Independence 1902 Production Stratton's Independence, Limited.—The mine produced last year 96,175 tons ore of the average value of about $23.56 per ton. The treasury reserve is about $750,000. The mine is at present going along as usual and putting out considerable medium grade ore.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 910
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 22.04.2019
Type/Category of Info:
General Mining NewsInfo Source From:
Yuma Pioneer. Volume: 17 [XVII], Issue No. 51Info Publication Date:
December 18, 1903Info found on page:
5Info Title:
Commander Removes Troops Denver, Dec. 16.—A Republican special from Cripple Creek last night says:
All troops which have been stationed at the Stratton's Independence mine were withdrawn to-day by order of Colonel Verdeckberg, the commander of the National Guard in this district. It is believed by the military commander and his advisers that the conditions no longer require military protection. The non-union men working can fully protect themselves and have so declared themselves.
The move is a significant one, indicating the confidence the military authorities have in the situation.
All troops which have been stationed at the Stratton's Independence mine were withdrawn to-day by order of Colonel Verdeckberg, the commander of the National Guard in this district. It is believed by the military commander and his advisers that the conditions no longer require military protection. The non-union men working can fully protect themselves and have so declared themselves. The move is a significant one, indicating the confidence the military authorities have in the situation.Notes/Text been Edited:
Abstracted and partly rewritten from source text.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ Yuma Pioneer, December 18, 1903
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 02.11.2020
Type/Category of Info:
Editorial LeaderInfo Source From:
Mining Reporter. Volume: 49 [XLIX], Issue No. 11Info Publication Date:
March 17, 1904Info found on page:
262Info Title:
Stratton's Independence Shutdown RumorsIMPENDING SUT-DOWN OF STRATTON'S INDEPENDENCE.
——————
We have reason to believe that the management of Stratton's Independence mine are seriously considering the closing down of the property. The developments in the lower levels are, to say the least, unsatisfactory, although there are good reasons to believe that there is more than a possibility of finding pay ore bodies in the upper levels. Should this contemplated shut-down take place it will be for company account only and no doubt the mine will be worked by lessees and sub-lessees for years to come.
The conditions under which this company works are peculiar to itself. No other large mine in the Cripple Creek district is affected in any way by the affairs of this company.
In the first place the management is top heavy; the London expenses, etc., are unquestionably inordinately large.
Then, too, the geological conditions are by no means those of the Portland, for example. The breccia is steadily being cut out by the granite as depth is attained and, furthermore, the breccia is changing from the typical andesite breccia of the district to a granite breccia. The ore in the granite breccia has nothing like the values it had in the andesite above.
The mines of Cripple Creek are holding out, very generally, as depth is attained. In fact few districts have as good a record. The geological conditions at Stratton’s Independence are peculiar and seem to have no general bearing on the district.
Finally, we may state our belief that the mine, under the lessee system, will be more beneficial to the district than it has been during the last two or three years on company account.
—————— We have reason to believe that the management of Stratton's Independence mine are seriously considering the closing down of the property. The developments in the lower levels are, to say the least, unsatisfactory, although there are good reasons to believe that there is more than a possibility of finding pay ore bodies in the upper levels. Should this contemplated shut-down take place it will be for company account only and no doubt the mine will be worked by lessees and sub-lessees for years to come. The conditions under which this company works are peculiar to itself. No other large mine in the Cripple Creek district is affected in any way by the affairs of this company.In the first place the management is top heavy; the London expenses, etc., are unquestionably inordinately large.Then, too, the geological conditions are by no means those of the Portland, for example. The breccia is steadily being cut out by the granite as depth is attained and, furthermore, the breccia is changing from the typical andesite breccia of the district to a granite breccia. The ore in the granite breccia has nothing like the values it had in the andesite above.The mines of Cripple Creek are holding out, very generally, as depth is attained. In fact few districts have as good a record. The geological conditions at Stratton’s Independence are peculiar and seem to have no general bearing on the district.Finally, we may state our belief that the mine, under the lessee system, will be more beneficial to the district than it has been during the last two or three years on company account.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 262
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jan-Jun)
Above Info was Last Updated on 31.08.2022 (16:17:12)
Above Info was First Seen 31.08.2022
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 3 [III], Issue No. 51Info Publication Date:
March 19, 1904Info found on page:
4Info Title:
Stratton's Independence Highgrade Shipment The Stratton's Independence mine last week marketed a carload of rich ore that is expected to return from $10,000 to $20,000 per ton. A shipment of second grade ore will follow and is expected to yield $1,000 per ton. The property is being carefully guarded to prevent theft of the bonanza mineral.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 4
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 3 (April 1903-March 1904)
Above Info was Last Updated on 06.09.2023 (09:22:40)
Above Info was First Seen 06.09.2023
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 7Info Publication Date:
May 14, 1904Info found on page:
4Info Title:
Stratton’s Independence Doing Well Advices from the London office of the Stratton's Independence company state that the mine is making record breaking shipments, 760 tons having been marketed in one week. One shipment of 115 tons gave returns of $6,000, an average of about $44 per ton.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 4
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 13.09.2023 (08:49:56)
Above Info was First Seen 13.09.2023
Type/Category of Info:
ArticleInfo Source From:
The San Juan Prospector. Volume: 31 [XXXI], Issue No. 1582Info Publication Date:
May 28, 1904Info found on page:
4Info Title:
Stratton's Independence Outputs About 200 Tons a Day Stratton's Independence mine is outputting about 200 tons a day of ore averaging between $17 and $20. There has been no reduction in the working force, which still consists of about 400 men. It was expected that the company would cut its mining contingent down materially before this time.
No leases have been arranged for definitely. The property will be leased in sections, however, as soon as the proper arrangements can be made with the company's directorate in London, England. There are a very large number of applications for lease contracts on this mine.
No leases have been arranged for definitely. The property will be leased in sections, however, as soon as the proper arrangements can be made with the company's directorate in London, England. There are a very large number of applications for lease contracts on this mine.Internet Source Text Link(s) {Found/Seen/Known]:
- Colorado Historic Newspaper Collection: ⊞ The San Juan Prospector, May 28, 1904
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 13.01.2021
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 10Info Publication Date:
June 4, 1904Info found on page:
9Info Title:
Stratton's Independence Doing Good Stratton's Independence mine is out-putting about 200 tons a day of ore which averages between $17 and $20. There has been no reduction in the working force, which still consists of about 400 men.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 9
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 16.09.2023 (08:01:20)
Above Info was First Seen 16.09.2023
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 14Info Publication Date:
July 2, 1904Info found on page:
4Info Title:
Stratton's Independence Weekly Shipment According to the report recently sent out to the London office of the Stratton's Independence, the mine shipped during the week ending May 24, 1105 tons of ore of a total value of $22,250. The largest shipment was made May 22, when 180 tons were sent out, the ore averaging about $15.25 per ton.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 4
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 18.09.2023 (08:09:29)
Above Info was First Seen 18.09.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 1Info Publication Date:
July 7, 1904Info found on page:
18Info Title:
Stratton's Independence Temporarily Closed Down Stratton's Independence.—This property closed down temporarily on June 30th preparatory to putting the leasing system into effect. The proposal to adopt this system was made by John Hays Hammond early in the year.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 18
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 19.09.2022 (09:32:47)
Above Info was First Seen 14.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 16Info Publication Date:
July 16, 1904Info found on page:
4Info Title:
Stratton's Independence to Be Leased The directors of the famous Stratton's Independence have decided to open the mine to lessees. They came to this conclusion after receiving the recommendation of John Hayes Hammond to stop work on the company's account. It is the opinion of the managers that the undeveloped levels will be more economically worked and results to the company will be more satisfactory under the leasing system.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 4
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 20.09.2023 (08:20:05)
Above Info was First Seen 20.09.2023
Type/Category of Info:
Editorial LeaderInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 3Info Publication Date:
July 21, 1904Info found on page:
51Info Title:
Stratton's Independence Are Being LeasedTHE LEASING OF STRATTON'S INDEPENDENCE.
——————
As we foreshadowed some months ago, Stratton's Independence mine at Cripple Creek is no longer to be worked on company account. The property as a whole is to be leased. Applications for leases, of which there are to be twenty-two, are coming from all parts of the country and number some hundreds.
The new system of working the mine was undertaken on the advice of the consulting engineer, Mr. J. H. Hammond.
—————— As we foreshadowed some months ago, Stratton's Independence mine at Cripple Creek is no longer to be worked on company account. The property as a whole is to be leased. Applications for leases, of which there are to be twenty-two, are coming from all parts of the country and number some hundreds. The new system of working the mine was undertaken on the advice of the consulting engineer, Mr. J. H. Hammond.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 51
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 20.09.2022 (08:03:40)
Above Info was First Seen 15.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 19Info Publication Date:
August 6, 1904Info found on page:
12Info Title:
Stratton's Independence Lessees Disappointments Colorado Spring, August 4.—There is considerable disappointment here among the applicants for leases on Stratton's Independence in the apparent slowness in granting the leases. There are over 1000 applicants and only 22 blocks, and some of the most prominent men in the State have applied for leases.
It is stated, further, that the English stockholders and directors cannot understand how or why 1000 applications should be made unless there was ore in the mine, or if there is ore in the mine the company does not want to work it themselves. The leases will be submitted to the directors in London and the result will probably be known during the next ten days.
It is stated, further, that the English stockholders and directors cannot understand how or why 1000 applications should be made unless there was ore in the mine, or if there is ore in the mine the company does not want to work it themselves. The leases will be submitted to the directors in London and the result will probably be known during the next ten days.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 12
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 22.09.2023 (08:25:17)
Above Info was First Seen 22.09.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 6Info Publication Date:
August 11, 1904Info found on page:
147Info Title:
Stratton's Independence Lessees Qualified Stratton's Independence.—Four of the parties who were granted leases on this property qualified early last week by furnishing bonds securing the company from liability from accidents and debts incurred by them.
The four lessees who qualified are:
J. H. Hobbs of Colorado Springs, on the fifth level
Frank Gilpin of Colorado Springs, on the eight level
George Simonton, on the first level
Russell and Sharpe of Cripple Creek on the second level.
These lessees have already commenced work. Under the terms of the lease Hobbs will employ twelve men continuously, Gilpin ten men, Russell and Sharpe ten men, and Simonton eight men.
The royalties to be paid will range from 15 to 65%.
The four lessees who qualified are:J. H. Hobbs of Colorado Springs, on the fifth levelFrank Gilpin of Colorado Springs, on the eight levelGeorge Simonton, on the first levelRussell and Sharpe of Cripple Creek on the second level. These lessees have already commenced work. Under the terms of the lease Hobbs will employ twelve men continuously, Gilpin ten men, Russell and Sharpe ten men, and Simonton eight men. The royalties to be paid will range from 15 to 65%.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 147
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 26.09.2022 (06:27:55)
Above Info was First Seen 31.03.2011
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 25Info Publication Date:
September 17, 1904Info found on page:
4Info Title:
Stratton's Independence Dump Can Be Treated at Profit Colorado Springs, Sept. 15. After repeated discouraging experiments made on the dumps of the Stratton's Independence, in reference to its successful treatment, it is understood that the large pile of rock can be treated at a profit.
An expert from London, England, who has been making the latest tests, estimates that there are 750,000 tons of rock in the dump which will yield a profit of $3.50 a ton. If this be true, it means that over $2,500,000 will be realized from the treatment of this enormous pile of rock.
An expert from London, England, who has been making the latest tests, estimates that there are 750,000 tons of rock in the dump which will yield a profit of $3.50 a ton. If this be true, it means that over $2,500,000 will be realized from the treatment of this enormous pile of rock.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 4
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 25.09.2023 (07:40:54)
Above Info was First Seen 25.09.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 13Info Publication Date:
September 29, 1904Info found on page:
333Info Title:
Stratton's Independence Worked by Lessees Stratton's Independence.—There are about twenty-one sets of lessees working in the property of this company, and it is estimated that 225 men are employed. The lessees are all said to be doing well, and a great deal of development work is going on.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 333
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 02.10.2022 (12:52:18)
Above Info was First Seen 01.04.2011
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 16Info Publication Date:
October 20, 1904Info found on page:
419 - 420Info Title:
Stratton's Independence Has 27 Lesses Operating Stratton's Independence.—There are now operating on the various blocks of this property twenty-seven lessees and it is reported from good authority that each one of the lessees made money last month, during which time there were over 300 tons of ore shipped.
The royalty of the company, while not stated, should have been a considerable amount.
The royalty of the company, while not stated, should have been a considerable amount.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 419
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 03.10.2022 (14:01:08)
Above Info was First Seen 16.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 50 [L], Issue No. 17Info Publication Date:
October 27, 1904Info found on page:
447Info Title:
Stratton's Independence Happenings Stratton's Independence.—Shipments of 100 tons of ore daily are being made from this property on Battle mountain, the general average being in the neighborhood of $50 per ton.
Nine levels are in operation, 250 men being employed by the twenty-seven sets of lessees. There is in the employment of the company over fifty men. Ever since this property has been operated on the leasing system there has been a marked increase in the grade of ore.
Lessee Merrifield and associates, who are washing the large dumps, report splendid success and they are now sending out regular production of a good grade of ore.
Nine levels are in operation, 250 men being employed by the twenty-seven sets of lessees. There is in the employment of the company over fifty men. Ever since this property has been operated on the leasing system there has been a marked increase in the grade of ore. Lessee Merrifield and associates, who are washing the large dumps, report splendid success and they are now sending out regular production of a good grade of ore.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 447
- Hathi Trust Digital Library: ⊞ Mining Reporter 1904 (Jul-Dec)
Above Info was Last Updated on 03.10.2022 (20:05:32)
Above Info was First Seen 16.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
PROFITS; A Journal of Finance and Mining Worth While. Volume: 4 [IV], Issue No. 52Info Publication Date:
March 25, 1905Info found on page:
2Info Title:
Stratton's Independence Mine Production Feb. 1905 Last month the various lessees operating on the Stratton's Independence, Ltd., mine at Cripple Creek, sent out a total of 4,000 tons of rock.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 2
- Hathi Trust Digital Library: ⊞ PROFITS, Volume 4 (April 1904-March 1905)
Above Info was Last Updated on 14.10.2023 (06:43:45)
Above Info was First Seen 14.10.2023
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
Mining Reporter. Volume: 52 [LII], Issue No. 2Info Publication Date:
July 13, 1905Info found on page:
47Info Title:
Stratton's Independence Ore to Be Treated at Economic Mill Under an agreement between the leasers on Stratton's Independence and the company, it is reported that arrangements have been made to have the entire output of the mine treated at the Economic mill.
This will mean a largely increased force at the mill, and the present arrangement should be fully as satisfactory to the leasers as that which was formerly in force.
This will mean a largely increased force at the mill, and the present arrangement should be fully as satisfactory to the leasers as that which was formerly in force.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 23.02.2022 (11:19:10)
Above Info was First Seen 03.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 2Info Publication Date:
July 15, 1905Info found on page:
86Info Title:
Stratton's Independence Lessees Doing Well Stratton's Independence, Ltd.—This property, which is being worked by a number of lessees, is making a production, given as about 4,000 tons per month of fair-grade ore.
The leasing system on this property has resulted well, most of the lessees making money.
The leasing system on this property has resulted well, most of the lessees making money.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 86
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 27.06.2021
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 6Info Publication Date:
August 12, 1905Info found on page:
273Info Title:
Stratton's Independence Uses Leases Cripple Creek, Aug. 5—Quite a number of the mines are being worked on the leasing or tribute system. In these mines the leases are let in blocks in the mine, and the hoisting is done by the company and charged to the lessees. Among these are Stratton's Independence.
Notes/Text been Edited:
Abstracted and partly rewritten from source text.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 273
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 03.07.2021
Type/Category of Info:
Among the Stocks/Stock QuotationsInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 6Info Publication Date:
August 12, 1905Info found on page:
287Info Title:
Stratton's Independence Renewed All Leases Expiring Colorado Springs, Aug. 4—Stratton's Independence mine has just renewed all leases expiring, considering the leasing system advantageous to the company. This company is producing nearly as much as in its most prosperous years.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 287
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 03.07.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 9Info Publication Date:
September 2, 1905Info found on page:
420Info Title:
Stratton's Independence, Ltd. Raised Royalties Stratton's Independence, Ltd.—Some of the royalties on the leases on the property of this company have been raised recently. This affects only those leases that are making money.
A number of leasers are working on the property and quite a number of them are making money.
A number of leasers are working on the property and quite a number of them are making money.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 420
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 04.07.2021
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 10Info Publication Date:
September 9, 1905Info found on page:
463Info Title:
Stratton's Independence Granted New Leases Denver, Sept. 1—A number of new leases on the Stratton's Independence ground have been granted, these being divided into three classes, A, B and C, while the royalty to be paid ranges from 10 to 65% of the ore values.
Notes/Text been Edited:
AbstractedInternet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 463
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 05.07.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 23 [XXIII], Issue No. 17Info Publication Date:
October 28, 1905Info found on page:
480Info Title:
Stratton's Independence Lessee Hobbs Report Rich Ore at 400 Feet Cripple Creek, Colorado.—At Victor it is reported that another rich shoot has been found in Stratton's Independence, this time by John H. Hobbs, lessee. It was broken into while prospecting a section of the estate where considerable work had been done by the company and by lessees.
It was struck at a depth of 400 feet. Details are meager, but the shoot is reported to be quite wide, containing many seams well filled with sylvanite. During the year or more of his operations, Hobbs is understood to have cleared $50,000. In one month he had a profit which is understood to have been $10,000.
It was struck at a depth of 400 feet. Details are meager, but the shoot is reported to be quite wide, containing many seams well filled with sylvanite. During the year or more of his operations, Hobbs is understood to have cleared $50,000. In one month he had a profit which is understood to have been $10,000.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 480
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 23 (July-December 1905)
Above Info was Last Updated on 22.10.2023 (12:08:11)
Above Info was First Seen 22.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 23 [XXIII], Issue No. 18Info Publication Date:
November 4, 1905Info found on page:
508Info Title:
Stratton's Independence September 1905 Profit Denver, Colorado.—The Stratton's Independence mine at Cripple Creek reported a net profit for September of £4,824 ($24,120) from the shipment of 2,811 tons of ore. This profit is small owing to developments under new leases preparing for an increased output later.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 508
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 23 (July-December 1905)
Above Info was Last Updated on 23.10.2023 (07:27:34)
Above Info was First Seen 23.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 23 [XXIII], Issue No. 19Info Publication Date:
November 11, 1905Info found on page:
537Info Title:
Stratton's Independence September 1905 Output Denver, Colorado.—Stratton's Independence at Cripple Creek shipped in September 2,811 tons of ore, realizing a profit of $4,824. In the quarter ending with September the shipments totaled 9,570 tons, yielding a profit of $18,555.
Notes/Text been Edited:
There is a large chance the currency should be £ and not $ as given!Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 537
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 23 (July-December 1905)
Above Info was Last Updated on 23.10.2023 (08:07:47)
Above Info was First Seen 23.10.2023
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 22Info Publication Date:
December 2, 1905Info found on page:
1043Info Title:
Stratton’s Independence, Ltd. Numbers London, Nov. 18—A few weeks ago I referred briefly to the results at Stratton's Independence mine for the year ended June 30. Since then the complete report for that period has been issued, and many additional items of interest are contained in it.
The total quantity of ore shipped during the year by the lessees was just under 50,000 tons, and it realized £408,000, gross, or, after deducting freight and cost of treatment, £318,000, net.
Of this sum, £213,000 went to the lessees, and £105,000 to the English company. A small amount of ore was also raised by the company itself, realizing £8,800, and the company also made profits out of its stores, amounting to £9,000.
After paying all administration expenses in Colorado and London, the net profit made by the company during the twelve months was £94,246.
Out of this, three dividends, amounting to £75,000, have been distributed. The undivided balance on June 30 was £63,000, and the income from the sale of lessees' ores has continued steady, so that since then two further dividends, absorbing £50,000, have been declared. It is interesting to note that the total dividends paid to shareholders since the inauguration of the company now amounts to £954,173, or nearly equal to the issued capital of £1,000,000. Of these dividends, £550,000 were paid during the early days of the company—during the years 1899 and 1900—and the remainder during the last five years.
In the directors' report, it is definitely stated that Godfrey Doveton is of opinion that the Cassel process can be profitably used on the company low-grade ores—$3 per ton and upward.
The total quantity of ore shipped during the year by the lessees was just under 50,000 tons, and it realized £408,000, gross, or, after deducting freight and cost of treatment, £318,000, net. Of this sum, £213,000 went to the lessees, and £105,000 to the English company. A small amount of ore was also raised by the company itself, realizing £8,800, and the company also made profits out of its stores, amounting to £9,000. After paying all administration expenses in Colorado and London, the net profit made by the company during the twelve months was £94,246. Out of this, three dividends, amounting to £75,000, have been distributed. The undivided balance on June 30 was £63,000, and the income from the sale of lessees' ores has continued steady, so that since then two further dividends, absorbing £50,000, have been declared. It is interesting to note that the total dividends paid to shareholders since the inauguration of the company now amounts to £954,173, or nearly equal to the issued capital of £1,000,000. Of these dividends, £550,000 were paid during the early days of the company—during the years 1899 and 1900—and the remainder during the last five years. In the directors' report, it is definitely stated that Godfrey Doveton is of opinion that the Cassel process can be profitably used on the company low-grade ores—$3 per ton and upward.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 1043
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 25.08.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 23 [XXIII], Issue No. 22Info Publication Date:
December 2, 1905Info found on page:
620-621Info Title:
Mr. J. H. Deever Sues Venture Corp., Ltd. Denver, Colorado.—An echo of the famous suit of the Venture company against the Stratton estate, is a suit just commenced in Cripple Creek by J. H. Deever against the Venture corporation, to secure the payment of $20,000 for furnishing alleged information showing that the Independence mine had been "salted" before its sale to the Venture corporation.
The Stratton estate won out in the main suit.
The Stratton estate won out in the main suit.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 620
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 23 (July-December 1905)
Above Info was Last Updated on 25.10.2023 (09:11:34)
Above Info was First Seen 25.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 80 [LXXX], Issue No. 23Info Publication Date:
December 9, 1905Info found on page:
1094Info Title:
Stratton's Independence Working Good Stratton's Independence—An ore-shoot, which was lost several months ago, and from which much ore was shipped, is reported to have been again opened up. The vein is of good width and yields well.
Ore is now being broken in this mine at the rate of 3,000 tons per month. More than 30 sets of lessees are now working in the mine.
Ore is now being broken in this mine at the rate of 3,000 tons per month. More than 30 sets of lessees are now working in the mine.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 1094
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 27.08.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 23 [XXIII], Issue No. 24Info Publication Date:
December 16, 1905Info found on page:
676Info Title:
Stratton's Independence People Hunts for Lost Bob Tail Vein Denver, Colorado.—A company has been organized by the officers of the Stratton Independence company and others to explore for the rich Bob Tail vein in the Independence property, which was lost some time ago.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 676
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 23 (July-December 1905)
Above Info was Last Updated on 26.10.2023 (08:28:27)
Above Info was First Seen 26.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 53 [LIII], Issue No. 1Info Publication Date:
January 4, 1906Info found on page:
16Info Title:
Portland in Talk with Stratton's Independence to Avoid Litigation Portland.—It is stated that representatives of this company have discovered two points at which lessees of the Stratton's Independence Company have encroached on Portland territory.
It is thought that an agreement will be reached without resorting to litigation.
It is thought that an agreement will be reached without resorting to litigation.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 16
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 53; January to June 1906
Above Info was Last Updated on 10.02.2023 (19:04:50)
Above Info was First Seen 31.05.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 24 [XXIV], Issue No. 3Info Publication Date:
January 20, 1906Info found on page:
69Info Title:
Stratton's Independence to Renew Lessees Half Size Denver, Colo.—At Cripple Creek, the general manager of Stratton's Independence has issued notices to the 36 sets of lessees now operating in that property that the present blocks are to be cut in half, preference being given to the present lessee as to which he will take.
The remaining blocks will then be leased to other applicants. The size of the blocks heretofore granted has been 300 by 600 feet. The new order goes into effect February 2, at which time all prior leases expire. The 36 sets of leases shipped out during December about 3,000 tons of ore averaging $35 per ton.
The leasing system has been highly successful, and it is believed that with the doubling of the number some new finds will be made in the unexplored territory.
The remaining blocks will then be leased to other applicants. The size of the blocks heretofore granted has been 300 by 600 feet. The new order goes into effect February 2, at which time all prior leases expire. The 36 sets of leases shipped out during December about 3,000 tons of ore averaging $35 per ton. The leasing system has been highly successful, and it is believed that with the doubling of the number some new finds will be made in the unexplored territory.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 69
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 24 (January-June 1906)
Above Info was Last Updated on 27.10.2023 (16:41:33)
Above Info was First Seen 27.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 53 [LIII], Issue No. 7Info Publication Date:
February 15, 1906Info found on page:
178Info Title:
Independence to Erect Treatment Plant Independence.—Recent expert examination of this property has revealed the fact that there are low grade ore reserves valued at $5,000,000. It is calculated that there is enough of this material to warrant the company in the erection of a large treatment plant.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 178
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 53; January to June 1906
Above Info was Last Updated on 12.02.2023 (13:41:28)
Above Info was First Seen 01.06.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 24 [XXIV], Issue No. 18Info Publication Date:
May 5, 1906Info found on page:
560Info Title:
Estimated Net Profit Stratton's Independence March 1906 Denver, Colo.—The estimated net profit of Stratton's Independence, of Cripple Creek, for March is $20,515.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 560
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 24 (January-June 1906)
Above Info was Last Updated on 31.10.2023 (11:12:42)
Above Info was First Seen 31.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 24 [XXIV], Issue No. 20Info Publication Date:
May 19, 1906Info found on page:
616Info Title:
300 Miners at Stratton's Independence Denver.—Better weather conditions have inaugurated active mining in most camps, and the prospects are that this will be a good year. In the Cripple Creek section the Stratton's Independence on Battle mountain is employing 300 miners, who are working under 54 sets of lessees.
Most of these lessees are shipping pay ore, and the output in May is expected to total nearly 2,500 tons.
Most of these lessees are shipping pay ore, and the output in May is expected to total nearly 2,500 tons.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 616
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 24 (January-June 1906)
Above Info was Last Updated on 31.10.2023 (12:31:18)
Above Info was First Seen 31.10.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 54 [LIV], Issue No. 5Info Publication Date:
August 2, 1906Info found on page:
118Info Title:
Stratton's Independence Leases Will Be Renewed Stratton's Independence.—The leases on this property which expire August 2nd will all be renewed for six months. Thirty sets of lessees are now operating and a good tonnage is being produced.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 118
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 54; July to December 1906
Above Info was Last Updated on 24.02.2023 (14:46:26)
Above Info was First Seen 24.02.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 26 [XXVI], Issue No. 8Info Publication Date:
February 23, 1907Info found on page:
284Info Title:
Stratton's Independence Lessees Bell & Renshaw in Very High Grade Ore Below 200 Feet Denver.—Lessees Bell and Renshaw, operating a lease on the 200 and 300 levels north of the main shaft in Stratton's Independence, have opened a body of sylvanite ore running from $400 to $2,000 per ton.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 284
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 26 (January-June 1907)
Above Info was Last Updated on 12.11.2023 (17:38:35)
Above Info was First Seen 12.11.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 26 [XXVI], Issue No. 11Info Publication Date:
March 16, 1907Info found on page:
369Info Title:
Stratton's Independence is Worked Exclusively by Leasers and Ships 2,000 Tons Monthly Denver.—Stratton's Independence, worked exclusively by leasers, is shipping about 2,000 tons monthly; average grade $30 to $40 per ton.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 369
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 26 (January-June 1907)
Above Info was Last Updated on 13.11.2023 (15:32:57)
Above Info was First Seen 13.11.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 55 [LV], Issue No. 21Info Publication Date:
May 23, 1907Info found on page:
479Info Title:
Stratton's Independence Lessees in Profit Thirty sets of leasers are profitably working at Stratton's Independence, producing 2,000 tons of $35 ore monthly.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 479
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 55 - Jan.-Jun. 1907
Above Info was Last Updated on 16.07.2022 (08:39:44)
Above Info was First Seen 07.06.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 27 [XXVII], Issue No. 4Info Publication Date:
July 27, 1907Info found on page:
156-157Info Title:
Midland Terminal Affected by Stratton's Independence Cave-In Cripple Creek—On the 17th inst. the surface of Strattons Independence mine No. 2 beneath the Midland Terminal tracks on the east slope of Battle mountain, suddenly crumbled and the roof of a tremendous slope gave way for a width of 500 ft. and a length of 600 to 700 feet.
In some places the Midland tracks are depressed fully 10 ft. below the original grade. The wagon road between Independence shaft No. 2 and Portland shaft No. 1 has been rendered impassible for a considerable distance.
In some places the Midland tracks are depressed fully 10 ft. below the original grade. The wagon road between Independence shaft No. 2 and Portland shaft No. 1 has been rendered impassible for a considerable distance.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 156
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 27 (July-December 1907)
Above Info was Last Updated on 28.11.2023 (07:58:40)
Above Info was First Seen 25.11.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 27 [XXVII], Issue No. 5Info Publication Date:
August 3, 1907Info found on page:
205Info Title:
Stratton Independence Not Financial Affected by Recent Cave-In Denver.—No pecuniary loss will result to the Stratton Independence by the cave-in reported last week. The ground settled sufficiently to permit an underground examination, when it was found that the cave had run to the 300 level of the long abandoned workings.
Work on the mine is now going on as usual.
Work on the mine is now going on as usual.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 205
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 27 (July-December 1907)
Above Info was Last Updated on 28.11.2023 (16:01:37)
Above Info was First Seen 28.11.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Reporter. Volume: 56 [LVI], Issue No. 8Info Publication Date:
August 22, 1907Info found on page:
181Info Title:
Stratton’s Independence Discontinue Company Mining Mining Operations on company account at Stratton’s Independence have been discontinued, pending the completion of the building of the first unit of the cyanide plant.
A dozen sets of leasers are, however, maintaining an output on the basis of about 2,000 tons monthly.
A dozen sets of leasers are, however, maintaining an output on the basis of about 2,000 tons monthly.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 181
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 56, No. 8
- Hathi Trust Digital Library: ⊞ Mining Reporter; Volume 56 - Jul.-Dec. 1907
Above Info was Last Updated on 22.07.2022 (00:09:57)
Above Info was First Seen 21.07.2022
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
Mining and Scientific Press. Volume: 96 [XCVI], Issue No. 2491; 16Info Publication Date:
April 18, 1908Info found on page:
515Info Title:
J. H. T. Deever vs. Venture Corporation, Ltd. Case Dismissed DENVER, COLORADO.—The suit arising from the sale of the Independence mine by the late W. S. Stratton to the Venture Corporation of London has been dismissed from court on the ground of insufficient evidence.
The plaintiff, J. H. T. Deever, alleged that he had been engaged by the agent of the Venture Corporation to determine whether the mine had been 'salted' before the corporation purchased it.
The plaintiff, J. H. T. Deever, alleged that he had been engaged by the agent of the Venture Corporation to determine whether the mine had been 'salted' before the corporation purchased it.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 515
- Hathi Trust Digital Library: ⊞ Mining and Scientific Press Vol.96 (January-June 1908)
Above Info was Last Updated on 06.08.2023 (12:44:14)
Above Info was First Seen 06.08.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Western Investors Review. Volume: 14 [XIV], Issue No. 12Info Publication Date:
May 1908Info found on page:
28Info Title:
Stratton's Independence, Ltd. Allows Leasing Cripple Creek—Stratton's Independence (Ltd.), the British corporation owning 112 acres of patented property, including the famous mines known as the Independence and Washington, staked out by the late W. S. Stratton, on the Fourth of July, 1891, has, through its manager, Charles M. Becker, inaugurated an entirely new and liberal leasing system under which operations outside of company work will be conducted.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 28
- Hathi Trust Digital Library: ⊞ The Western Investors Review, Vol.14 (July 1907-May 1908)
Above Info was Last Updated on 18.08.2023 (09:20:25)
Above Info was First Seen 18.08.2023
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
Mining and Scientific Press. Volume: 96 [XCVI], Issue No. 2493; 18Info Publication Date:
May 2, 1908Info found on page:
586Info Title:
Stratton's Independence, Ltd. Statement Abstracts DENVER, COLORADO.—A statement issued by the board of directors of Stratton's Independence, Ltd., under date of April 11, summarizes the report of Philip Argall, consulting engineer to the company, announcing the completion of the new mill, and its satisfactory operation.
The mill has a capacity of about 300 tons per day, and cost approximately $230,000. The ore on the dump, aggregating 600,000 tons, will be treated, in addition to the regular output of the mine.
Regarding the proposed introduction of the caving system of mining, Mr. Argall says, "it will be necessary to take one level at a time and begin work at the farthest point from the main shaft, that is, the northern part of the property, starting the first 'cave' near the property line, preferably on the first level. When this cave is exhausted of profitable ore, another cave can be started nearer the shaft, and two or more can be operated simultaneously on separate veins. The object in each case will be similar, namely, to begin caving at the farthest point from the main shaft and gradually work back to the limits of pay-ore, extracting all the ore possible by drawing the 'caves' and leaving the ground and level behind completely caved and exhausted of pay-ore.
When No. 1 level is so worked, caved, and abandoned, No. 2 can be taken up and treated in a similar way, and so with the deeper levels. If the main 'cave' on No. 5 level were first drawn, the 'cave' would soon pass into the hanging wall of the veins, and bring down barren country, as well as destroy completely the superincumbent levels.
Furthermore, by caving the upper levels first, the lower levels as opened can be worked under lease, while the caving system is in full swing. The lessees can mine all the high-grade streak on the lower levels, but they must properly timber and secure the ground opened."
The mill has a capacity of about 300 tons per day, and cost approximately $230,000. The ore on the dump, aggregating 600,000 tons, will be treated, in addition to the regular output of the mine. Regarding the proposed introduction of the caving system of mining, Mr. Argall says, "it will be necessary to take one level at a time and begin work at the farthest point from the main shaft, that is, the northern part of the property, starting the first 'cave' near the property line, preferably on the first level. When this cave is exhausted of profitable ore, another cave can be started nearer the shaft, and two or more can be operated simultaneously on separate veins. The object in each case will be similar, namely, to begin caving at the farthest point from the main shaft and gradually work back to the limits of pay-ore, extracting all the ore possible by drawing the 'caves' and leaving the ground and level behind completely caved and exhausted of pay-ore. When No. 1 level is so worked, caved, and abandoned, No. 2 can be taken up and treated in a similar way, and so with the deeper levels. If the main 'cave' on No. 5 level were first drawn, the 'cave' would soon pass into the hanging wall of the veins, and bring down barren country, as well as destroy completely the superincumbent levels. Furthermore, by caving the upper levels first, the lower levels as opened can be worked under lease, while the caving system is in full swing. The lessees can mine all the high-grade streak on the lower levels, but they must properly timber and secure the ground opened."Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 586
- Hathi Trust Digital Library: ⊞ Mining and Scientific Press Vol.96 (January-June 1908)
Above Info was Last Updated on 06.08.2023 (22:58:15)
Above Info was First Seen 06.08.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Science. Volume: 58 [LVIII], Issue No. 3Info Publication Date:
July 16, 1908Info found on page:
56Info Title:
Stratton's Independence Ore Findings Ore has been encountered in the junction of the Emerson, London, West London and Bob Tall veins in the Stratton-Independence property on Battle mountain.
This ore is said to be about 4 ft. in width and will run about $100 in gold. The production for June from the Independence property amounted to about 1,000 tons.
This ore is said to be about 4 ft. in width and will run about $100 in gold. The production for June from the Independence property amounted to about 1,000 tons.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 56
- Hathi Trust Digital Library: ⊞ Mining Science; Volume 58; July to December 1908
Above Info was Last Updated on 22.03.2023 (09:09:22)
Above Info was First Seen 14.06.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 29 [XXIX], Issue No. 3Info Publication Date:
July 18, 1908Info found on page:
102Info Title:
Stratton's Independence June 1908 Production Cripple Creek—During June about 1,600 tons of $10 was shipped from Stratton's Independence. All of the 21 sets of leasers on the property are in ore and are making regular shipments.
The cave-in on the surface, from which Pherson brothers are breaking ore disclosed a large vein carrying values of from 4 to 6 ozs. gold to the ton. A shipment of two cars of this ore has been made.
A leaser on the 300 level has opened a vein from 6 to 8 ft. wide, shipments from which are returning from $30 to $40 to the ton.
The cave-in on the surface, from which Pherson brothers are breaking ore disclosed a large vein carrying values of from 4 to 6 ozs. gold to the ton. A shipment of two cars of this ore has been made. A leaser on the 300 level has opened a vein from 6 to 8 ft. wide, shipments from which are returning from $30 to $40 to the ton.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 102
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 29 (July-December 1908)
Above Info was Last Updated on 29.12.2023 (17:34:40)
Above Info was First Seen 29.12.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 29 [XXIX], Issue No. 5Info Publication Date:
August 1, 1908Info found on page:
178Info Title:
Stratton Independence Lessees Bender and Associates in Good Ore Cripple Creek—Chas. Bender and associates, who recently made a fine strike on the Stratton Independence, are producing much ore estimated to run $100 to the ton.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 178
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 29 (July-December 1908)
Above Info was Last Updated on 30.12.2023 (08:47:57)
Above Info was First Seen 30.12.2023
Type/Category of Info:
General Mining NewsInfo Source From:
Mining and Scientific Press. Volume: 97 [XCVII], Issue No. 2509; 8Info Publication Date:
August 22, 1908Info found on page:
241Info Title:
Stratton's Independence Happenings McCackill and associates, operating on one of the blocks of the Stratton's Independence have opened up a body of high-grade ore.
There are several sets of lessees operating on the property, all of whom are in ore and shipping. Four sets of lessees are operating on or near the surface and are mining a smelting grade of ore with small expense.
During the month of July about 40 cars were shipped from the property with an average value of from $35 to $40 per ton.
There are several sets of lessees operating on the property, all of whom are in ore and shipping. Four sets of lessees are operating on or near the surface and are mining a smelting grade of ore with small expense. During the month of July about 40 cars were shipped from the property with an average value of from $35 to $40 per ton.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 241
- Hathi Trust Digital Library: ⊞ Mining and Scientific Press Vol.97 (July-December 1908)
Above Info was Last Updated on 12.08.2023 (13:18:30)
Above Info was First Seen 29.09.2010
Type/Category of Info:
General Mining NewsInfo Source From:
Mining and Scientific Press. Volume: 97 [XCVII], Issue No. 2511; 10Info Publication Date:
September 5, 1908Info found on page:
311Info Title:
Cave-In Forced Stratton's Independence Lessees to Quit Work Bender and associates have been forced to quit work on their lease on one of the blocks of the Strattons Independence, on Battle Mtn., on account of a big cave-in which occurred recently.
About 1000 tons of waste has covered a considerable amount of smelting-grade ore already sorted in one of the stopes. The mineral was being broken from a junction of four veins.
The lease side-lines the Portland property.
About 1000 tons of waste has covered a considerable amount of smelting-grade ore already sorted in one of the stopes. The mineral was being broken from a junction of four veins. The lease side-lines the Portland property.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 311
- Hathi Trust Digital Library: ⊞ Mining and Scientific Press Vol.97 (July-December 1908)
Above Info was Last Updated on 12.08.2023 (14:57:40)
Above Info was First Seen 29.09.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 29 [XXIX], Issue No. 15Info Publication Date:
October 10, 1908Info found on page:
575Info Title:
Stratton's Independence Lessees September 1908 Shipment Cripple Creek—The lessees on the Stratton Independent shipped in September 750 tons of ore averaging $35.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 575
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 29 (July-December 1908)
Above Info was Last Updated on 01.01.2024 (17:29:54)
Above Info was First Seen 01.01.2024
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining World. Volume: 29 [XXIX], Issue No. 21Info Publication Date:
November 21, 1908Info found on page:
787Info Title:
Stratton Independence Reorganization & Mill to Start Up Cripple Creek—It is reported from London that a reorganization of the Stratton Independence has been effected and that the big mill is to be started up.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 787
- Hathi Trust Digital Library: ⊞ The Mining World, Vol. 29 (July-December 1908)
Above Info was Last Updated on 05.01.2024 (09:34:44)
Above Info was First Seen 05.01.2024
Type/Category of Info:
ArticleInfo Source From:
Mining and Scientific Press. Volume: 98 [XCVIII], Issue No. 2528; 1Info Publication Date:
January 2, 1909Info found on page:
42Info Title:
Stratton's Independence Mine Stuff in 1908 Four years ago the Stratton's Independence mine reached the condition in which I have described the Portland to be, Mr. Hammond carried the shaft down to the 1400-ft. level, and did much driving and cross-cutting at that depth, without finding any ore better than $3 or $4 per ton. The pay-ore below 1100 ft. seems to have been cut off at the contact.
So the consulting engineer wisely decided that the time for leasing had come. His good judgment was only too well proved by the splendid results, both to the lessees and company, since then.
Certainly not less than a million dollars had been made by the company, and a similar amount by the lessees during that time. There was much unfair criticism by the press and public regarding supposed exorbitant charges for royalty, hoisting, air, etc., but time proved that such was not the case; the lessees made an almost equal profit with the company.
It is common knowledge that a lessee can and does work 30% cheaper than a company, to say nothing of having some 30 or 40 alert miners looking for ore. So that when a large mine like the Portland or Independence finds its main orebodies exhausted, with nothing but small stringers, an occasional pocket to find, and mainly development work to do,
it is well to lease the workings.
The Independence is now in its secondary stage, that is, where the lessees have practically cleaned out all the pay-ore,
although there are still some fourteen sets of lessees making a little money for themselves, and a little for the company. It has been deemed wise to make a further change. There are many thousands of tons of ore running from $5 to $10 per ton in the mine, and undoubtedly much of better value would be exposed if a system of caving were adopted, for whenever caves have occurred in the mine good ore has been opened up.
Experiments having shown that refractory ores of low grades can be mined and milled at a profit, the management decided to build a mill for this purpose. Moreover, after being most thoroughly sampled by George A. Schroter, who put
down some 25 shafts all over it, taking waste and ore just as it came from the shafts and crushing and sampling it, and reducing all assays to $6 per ton, the dump showed an average value of $3.75 per ton.
Some 700,000 tons of ore averaging not less than $4 per ton must be on these dumps, and Philip Argall, who has spent some $300,000 on an elaborate mill, will now have an opportunity to show what can be done toward the successful treatment of this immense tonnage.
From the data given by Mr. Argall, his cost of extraction should not exceed $2.75 per ton, so that if Mr. Schroter's figures are correct (and we have every reason to believe that they are) this would leave a net profit on the dump alone of about $700,000.
As we understand that the company in London has, under a re-organization scheme, raised the necessary funds to pay off all machinery and other debts, leaving a handsome sum on hand to enable Mr. Argall to push his tests to completion, we may reasonably hope to hear of definite results within the next two months. Should the mill prove to be a success it will mean much for Cripple Creek, as there are immense tonnages of low-grade ore in most of the larger mines, and many of the smaller ones, and it will give a stimulus to the camp for many years, besides increasing the possibilities of opening up higher-grade ore while working on the poor stuff.
So the consulting engineer wisely decided that the time for leasing had come. His good judgment was only too well proved by the splendid results, both to the lessees and company, since then. Certainly not less than a million dollars had been made by the company, and a similar amount by the lessees during that time. There was much unfair criticism by the press and public regarding supposed exorbitant charges for royalty, hoisting, air, etc., but time proved that such was not the case; the lessees made an almost equal profit with the company. It is common knowledge that a lessee can and does work 30% cheaper than a company, to say nothing of having some 30 or 40 alert miners looking for ore. So that when a large mine like the Portland or Independence finds its main orebodies exhausted, with nothing but small stringers, an occasional pocket to find, and mainly development work to do,it is well to lease the workings. The Independence is now in its secondary stage, that is, where the lessees have practically cleaned out all the pay-ore,although there are still some fourteen sets of lessees making a little money for themselves, and a little for the company. It has been deemed wise to make a further change. There are many thousands of tons of ore running from $5 to $10 per ton in the mine, and undoubtedly much of better value would be exposed if a system of caving were adopted, for whenever caves have occurred in the mine good ore has been opened up. Experiments having shown that refractory ores of low grades can be mined and milled at a profit, the management decided to build a mill for this purpose. Moreover, after being most thoroughly sampled by George A. Schroter, who putdown some 25 shafts all over it, taking waste and ore just as it came from the shafts and crushing and sampling it, and reducing all assays to $6 per ton, the dump showed an average value of $3.75 per ton. Some 700,000 tons of ore averaging not less than $4 per ton must be on these dumps, and Philip Argall, who has spent some $300,000 on an elaborate mill, will now have an opportunity to show what can be done toward the successful treatment of this immense tonnage. From the data given by Mr. Argall, his cost of extraction should not exceed $2.75 per ton, so that if Mr. Schroter's figures are correct (and we have every reason to believe that they are) this would leave a net profit on the dump alone of about $700,000. As we understand that the company in London has, under a re-organization scheme, raised the necessary funds to pay off all machinery and other debts, leaving a handsome sum on hand to enable Mr. Argall to push his tests to completion, we may reasonably hope to hear of definite results within the next two months. Should the mill prove to be a success it will mean much for Cripple Creek, as there are immense tonnages of low-grade ore in most of the larger mines, and many of the smaller ones, and it will give a stimulus to the camp for many years, besides increasing the possibilities of opening up higher-grade ore while working on the poor stuff.Notes/Text been Edited:
Abstracted and slightly rewritten from article named 'Cripple Creek in 1908'Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
- Hathi Trust Digital Library: ⊞ Mining and scientific press. v.98 Jan.-June 1909.
Above Info was Last Updated on 15.04.2022 (16:29:05)
Above Info was First Seen 15.04.2022
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 88 [LXXXVIII], Issue No. 20Info Publication Date:
November 13, 1909Info found on page:
994Info Title:
Stratton's Independence, Mill and Mine Working Denver. Nov. 5—At Stratton's Independence the third chilean mill is being erected, which will bring the capacity of the mill up to 8000 tons per month. The buildings are completed, but the usual delay is being experienced in the arrival of machinery. An automatic power shovel of 60 tons per hour capacity was placed in position in the deep cut in the dump this week, and will be in operation in a few days. The mine continues to make a fairly steady production under lessees and company operation, the output being about 2000 tons per month, worth $50,000.
Notes/Text been Edited:
Abstracted from article with info about various Colorado stuff.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 994
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 20.05.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 1Info Publication Date:
July 2, 1910Info found on page:
37Info Title:
Stratton's Independence Lessee Ships Stratton's Independence—Richard Sampson, lessee, has opened up ore in the old tennis court near the Portland boundary line, and $40 ore is being shipped from an opencut on the vein.
Internet Source Text Link(s) {Found/Seen/Known]:
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Above Info was Last Updated on 18.12.2021 (09:11:04)
Above Info was First Seen 24.03.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 3Info Publication Date:
July 16, 1910Info found on page:
137Info Title:
Stratton's Independence May Production Stratton's Independence—Results for May are:
Production, 2000 tons averaging 21 dwt. 52 gr. per ton
Dump ore milled, 6470 tons
Net working profit, $7000 less special development, $1275.
Production, 2000 tons averaging 21 dwt. 52 gr. per tonDump ore milled, 6470 tonsNet working profit, $7000 less special development, $1275.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 24.12.2021 (18:49:03)
Above Info was First Seen 24.03.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 7Info Publication Date:
August 13, 1910Info found on page:
335Info Title:
Stratton's Independence June Production Stratton's Independence—June production was 1643 tons of ore averaging 24 dwt. 8.4 gr. per ton. Dump ore milled 8000 tons.
Net working profit from both mine and mill departments $12.500 less $1375, special development.
Net working profit from both mine and mill departments $12.500 less $1375, special development.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 20.12.2021 (08:13:39)
Above Info was First Seen 24.03.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 11Info Publication Date:
September 10, 1910Info found on page:
529Info Title:
Stratton's Independence July Production Stratton's Independence—The cabled July results:
Production, 1470 tons, averaging 26 dwt. 6 grains per ton.
Dump-ore milled, 8100 tons.
Net working profit at both mine and mill departments, $11,310, less special development, $1580.
Production, 1470 tons, averaging 26 dwt. 6 grains per ton.Dump-ore milled, 8100 tons.Net working profit at both mine and mill departments, $11,310, less special development, $1580.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 23.12.2021 (21:23:41)
Above Info was First Seen 25.03.2010
Type/Category of Info:
General Mining NewsInfo Source From:
Mining Science. Volume: 62 [LXII], Issue No. 1601Info Publication Date:
October 6, 1910Info found on page:
332Info Title:
Stratton's Independence Mine August 1910 Output Aside from the Stratton's Independence mill output from the dump, the mine produced in August 2,000 tons of an average value of $23.50. Of the mine production for the month, 350 tons is credited to company account and the remainder to leasers.
Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library; Link to Page: ⊞ 332
- Hathi Trust Digital Library: ⊞ Mining Science; Volume 61; July to December 1910
Above Info was Last Updated on 29.04.2023 (20:59:17)
Above Info was First Seen 29.04.2023
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 19Info Publication Date:
November 5, 1910Info found on page:
927Info Title:
Stratton's Independence September Production Stratton's Independence—Results for September are:
Production 1680 tons., averaging 22 cwt. 16 gr. per ton.
Dump ore milled, 7600 tons.
Net working profit mine and mill, $10,750.
Production 1680 tons., averaging 22 cwt. 16 gr. per ton.Dump ore milled, 7600 tons.Net working profit mine and mill, $10,750.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 24.12.2021 (18:50:26)
Above Info was First Seen 25.03.2010
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 90 [XC], Issue No. 24Info Publication Date:
December 10, 1910Info found on page:
1177Info Title:
Stratton's Independence October Production Stratton's Independence—Results for October:
Production, 1518 tons, averaging 24 dwt, 16 grains per ton.
Dump ore milled, 8200 tons.
Net working profit, $10,115.
Production, 1518 tons, averaging 24 dwt, 16 grains per ton.Dump ore milled, 8200 tons.Net working profit, $10,115.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Link to Page
Above Info was Last Updated on 25.12.2021 (16:34:34)
Above Info was First Seen 26.03.2010
Type/Category of Info:
ArticleInfo Source From:
The Engineering and Mining Journal. Volume: 92 [XCII], Issue No. 23Info Publication Date:
December 2, 1911Info found on page:
1080Info Title:
Stratton's Independence, Ltd. Latest Report Regarding the Mine The report of Stratton's Independence, Ltd., for the year ended June 30, 1911, shows that the net profit for the year was £21,000, of which sum £12,500 were paid out as a dividend. Development work to the extent of 9186 ft. was done in the mine, of which 19 per cent, was in the form of crosscutting.
According to the consulting engineers, Philip Argall & Sons, by far the greater part of the ore discovered during the year is the result of this persistent crosscutting. On the surface, while the same number of lessees was working, the majority of them worked on a small scale. All surface leases are now limited to 50-ft. depth, and all the ground between that depth and the 100-ft. level is to be worked from the new "A" level.
The "A" level was started in February, 1911, to develop the ground between the 100-ft. level and the surface and at the same time to obtain waste rock to fill the old stopes of the mine. There is still a great quantity of ore in the old workings, which cannot be reached until the stopes are filled and made safe, so that in driving this "A" level through the caved ground it will be possible to drop a quantity of waste into stopes that are particularly dangerous in their present unsupported condition.
A raise was put up from the 100-ft. level at a point 150 ft. north of the shaft and ore was found. The level was then started both ways, north and south, on ore in the north end; the ore continued for 125 ft. before barren ground was struck. Superintendent Johnson believes that when the "A" level is completed to the north end line of the property and is thoroughly prospected, it will be one of the best producing levels in the mine, and it will do away with all surface leasing.
The drainage tunnel had not relieved the water situation to any great extent, the water having receded only 50 ft. during the year.
In addition to ore of shipping grade the company for the first time produced low-grade milling ore amounting to 7440 tons. The greater part of this was sorted out of the ore rejected by the lessees and sent direct to the mine breaker, while the waste went back into the mine for filling. Formerly both products, the low-grade milling ore and the waste, went to build up the ore-house dump. Now everything that passes through the ore house is worked up daily and finally disposed of. The total production of the mine was 25,825 tons, having a gross value of $534,068 and a value of $389,008, after deducting freight and treatment charges.
According to the consulting engineers, Philip Argall & Sons, by far the greater part of the ore discovered during the year is the result of this persistent crosscutting. On the surface, while the same number of lessees was working, the majority of them worked on a small scale. All surface leases are now limited to 50-ft. depth, and all the ground between that depth and the 100-ft. level is to be worked from the new "A" level. The "A" level was started in February, 1911, to develop the ground between the 100-ft. level and the surface and at the same time to obtain waste rock to fill the old stopes of the mine. There is still a great quantity of ore in the old workings, which cannot be reached until the stopes are filled and made safe, so that in driving this "A" level through the caved ground it will be possible to drop a quantity of waste into stopes that are particularly dangerous in their present unsupported condition. A raise was put up from the 100-ft. level at a point 150 ft. north of the shaft and ore was found. The level was then started both ways, north and south, on ore in the north end; the ore continued for 125 ft. before barren ground was struck. Superintendent Johnson believes that when the "A" level is completed to the north end line of the property and is thoroughly prospected, it will be one of the best producing levels in the mine, and it will do away with all surface leasing. The drainage tunnel had not relieved the water situation to any great extent, the water having receded only 50 ft. during the year. In addition to ore of shipping grade the company for the first time produced low-grade milling ore amounting to 7440 tons. The greater part of this was sorted out of the ore rejected by the lessees and sent direct to the mine breaker, while the waste went back into the mine for filling. Formerly both products, the low-grade milling ore and the waste, went to build up the ore-house dump. Now everything that passes through the ore house is worked up daily and finally disposed of. The total production of the mine was 25,825 tons, having a gross value of $534,068 and a value of $389,008, after deducting freight and treatment charges.Notes/Text been Edited:
Abstracted from an article about the latest Stratton's Independence, Ltd. Report.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 1080
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 29.03.2019
Type/Category of Info:
Special/Editorial CorrespondenceInfo Source From:
The Engineering and Mining Journal. Volume: 92 [XCII], Issue No. 23Info Publication Date:
December 2, 1911Info found on page:
1101Info Title:
Stratton's Independence Finally Dry on the 1050-Ft Level Denver Nov. 25—Reports of the good effects of the recent flow of water opened by the deep drainage tunnel in the Cripple Creek gold mines, are coming in rapidly, and it is now apparent that in all probability the deep levels of the mines over nearly the entire camp will be unwatered.
It is reported that the 1050-ft. level of Stratton's Independence, after being drowned since 1907, is now dry and being worked.
It is reported that the 1050-ft. level of Stratton's Independence, after being drowned since 1907, is now dry and being worked.Notes/Text been Edited:
Abstracted and slightly restructured/rewritten a tiny bit to fit better.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 1101
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 30.03.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Engineering and Mining Journal. Volume: 92 [XCII], Issue No. 24Info Publication Date:
December 9, 1911Info found on page:
1150Info Title:
Stratton's Independence October Production Stratton's Independence—During October the mine produced 2714 tons of ore averaging $17.58 per ton. Low-grade mine and dump ore amounting to 10,300 tons, was milled. Total net profit was $14,385; special development, $1020.
It is stated that owing to the recent strike on the second level of the Independence Dike vein, the grade of the ore produced has doubled. While the dump ore treated in October averaged only $2.50 per ton, a substantial profit was realized.
It is stated that owing to the recent strike on the second level of the Independence Dike vein, the grade of the ore produced has doubled. While the dump ore treated in October averaged only $2.50 per ton, a substantial profit was realized.Internet Source Text Link(s) {Found/Seen/Known]:
- Hathi Trust Digital Library: ⊞ Direct to Page 1150
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 30.03.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining and Scientific Press. Volume: 107 [CVII], Issue No. 3Info Publication Date:
July 19, 1913Info found on page:
118Info Title:
Stratton's Independence May Production During May, Stratton's Independence mine produced 4624 tons of ore on company and lessees account, while the mill treated 11,800 tons of dump ore, resulting in a total profit of $10,325.
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 21.10.2019
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining and Scientific Press. Volume: 107 [CVII], Issue No. 11Info Publication Date:
September 13, 1913Info found on page:
435Info Title:
United States Goverment Tax Stratton Estate A brief supporting the United States Government's contention that it has the right to collect the sum of $4883 from the Stratton estate as a war tax has been filed in the United States District Court in Denver, by Henry E. Lutz, assistant United States district attorney.
The claim to this amount arises from the sale of the Independence mine on Battle mountain by the late W.S. Stratton to an English syndicate through Verner Z. Reed, then a resident of Colorado Springs, who held an option on the property.
The claim to this amount arises from the sale of the Independence mine on Battle mountain by the late W.S. Stratton to an English syndicate through Verner Z. Reed, then a resident of Colorado Springs, who held an option on the property.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 12.11.2019
Type/Category of Info:
ArticleInfo Source From:
The Mining Magazine. Volume: 12 [XII], Issue No. 5Info Publication Date:
May 1915Info found on page:
250Info Title:
Stratton's Independence Might Be Sold Mr. Philip Argall reports that the dumps at Stratton's Independence are nearly exhausted, and that the mine is not likely to yield the company a profit much longer. It is proposed, therefore, to sell the property for £60,000 cash to the adjoining Portland Gold Mining Company.
The denomination of the shares is to be reduced from 2s. 6d. to 1s. 3d., so that the value of the total shares, 1,000,000, will approximately represent the cash resources. It is intended to acquire another property, and Mr. Argall's recommendations in this connection will be issued shortly.
These matters are to be decided at a company meeting to be held May 17, Mr. Argall having come to London to advise with the directors in the matter.
The denomination of the shares is to be reduced from 2s. 6d. to 1s. 3d., so that the value of the total shares, 1,000,000, will approximately represent the cash resources. It is intended to acquire another property, and Mr. Argall's recommendations in this connection will be issued shortly. These matters are to be decided at a company meeting to be held May 17, Mr. Argall having come to London to advise with the directors in the matter.Notes/Text been Edited:
Abstracted from a larger text about happenings in the United StatesInternet Source Text Link(s) {Found/Seen/Known]:
- Internet Archive: ⊞ The Mining Magazine (May 1915; p250)
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 05.05.2021
Type/Category of Info:
ArticleInfo Source From:
The Mining Magazine. Volume: 12 [XII], Issue No. 6Info Publication Date:
June 1915Info found on page:
315Info Title:
Stratton's Independence Limited NewsStratton's Independence Limited.
The extraordinary general meeting of the shareholders held on May 17 was the occasion for bringing out a number of most interesting facts about the celebrated mine owned by this company. The story of the discovery, of the organization of the first Stratton's Independence Limited, of the over estimates, high prices of shares, and the disaster that followed is already familiar.
In 1908, the lower levels had been fruitlessly explored and the upper levels were inaccessible because of a cave. A mill had been built to treat the accumulated dump ores, but the company was in debt locally to the amount of £25,000 and there was no working capital. Heroic measures were adopted.
The company was reconstructed on a basis of £125,000 capital in 1,000,000 shares of 2s. 6d. each in place of £1,100,000 in £1 shares.
The old shares were exchanged for new on a basis of 1s. 6d. paid, and thus cash to pay the debts and supply working capital was secured. Many of the shareholders had paid high prices for their shares, and the old company died with an unenviable record of failure.
The mine, however, was good. To date it has produced gold to a value of £4,850,000 or $23,573,500. Of this, W. S. Stratton won before sale of the property $3,985,440, the first company produced $15,064,320, and the second or present company $4,523,740.
The old company paid in dividends $4,748,989, while since its organization the new Stratton's has distributed 1s. 10½d. per share to which was added 6d. at the meeting. Thus, it has paid 2s. 4,5d., nearly the par value of its shares, and has in reserve as a result of the action then take an sum equal to 1s. 3d. per share.
On its merits as well as by contrast, these results redound greatly to the credit of the managers and the engineers in charge. The whole story indeed is a brilliant one of saving the maximum from a wreck.
The total dividends paid by the two companies is materially above the net value of the mine, $5,000,000, as fixed by the examination made when British capital first went into the enterprise.
When the new company was formed, Mr. Philip Argall estimated a profit of $1 per ton when working at the rate of 10,000 tons per month on $3.60 ore. The profit has been substantially that amount despite the fact that the sampling of the dump by the engineers of the old company proved inexact, the ore averaging $3 instead of $3.60. Mr. Argall has been able to reduce costs and increase extraction enough to compensate.
On the whole, the company has been fortunate in the amount of ore found in the upper levels, £65,000 having been won from the 'mill veins.' A good mine dies hard, but it dies.
Mr. Argall has kept his company fully informed as to the exhaustion of both mine and dumps, and the time has come when the work must be stopped.
Negotiations for purchase of other dumps, in particular those of the Portland Gold Mining Company, proved fruitless, but they did result in an offer from the Portland company to purchase the mine and mill upon what are, we believe, excellent terms for all concerned.
Briefly, the Portland is to pay £65,000 plus the invoice of supplies, and Stratton's Independence is to keep the property till the end of June. Since a surplus of £20,000 has been accumulated, the close of these various transactions will leave the company with nearly £96,000 on hand. This we believe to be very good business.
Anyone familiar with the local situation will recognize that the Portland with its big dumps right at hand can pay a larger price for the Stratton's mill than could any other company. It is also true, owing to the relations of the two mines, that the Portland management can win whatever ore may still remain in the property at less cost than it could be mined by Stratton's working independently.
The bargain is, we repeat, one of the satisfactory kind where each party to it takes a profit. We are confident that under the management of Mr. G. M. Taylor, the Portland will derive full benefit from the purchase, while the excellent record of service Mr. Argall has with Stratton's is the best guarantee that the fund now available will be wisely invested if the programme of purchasing another mine be followed.
A small number of the shareholders at the meeting expressed a strong preference for dividing the whole sum remaining rather than making any new venture, however promising, at this time, but the vote was heavily in favour of the plan outlined by the directors.
Mr. Argall stated to the meeting that, while his firm had four different properties under study, he was not prepared at this time to recommend a purchase. It was therefore left that until a satisfactory property was offered, matters are to stand as they are, and if no suitable investment be found within a reasonable time, the chairman agreed to recommend dissolution of the company.
The policy or unpolicy of such reinvestment, made by a company as a whole in place of individually by shareholders, is too broad to discuss at this time. We may, however, congratulate the present shareholders of Stratton's on having received in dividends a sum substantially equal to the par value of their shares and having a sum in the treasury of the company adequate to undertaking a wholly new mining enterprise.
The extraordinary general meeting of the shareholders held on May 17 was the occasion for bringing out a number of most interesting facts about the celebrated mine owned by this company. The story of the discovery, of the organization of the first Stratton's Independence Limited, of the over estimates, high prices of shares, and the disaster that followed is already familiar. In 1908, the lower levels had been fruitlessly explored and the upper levels were inaccessible because of a cave. A mill had been built to treat the accumulated dump ores, but the company was in debt locally to the amount of £25,000 and there was no working capital. Heroic measures were adopted. The company was reconstructed on a basis of £125,000 capital in 1,000,000 shares of 2s. 6d. each in place of £1,100,000 in £1 shares. The old shares were exchanged for new on a basis of 1s. 6d. paid, and thus cash to pay the debts and supply working capital was secured. Many of the shareholders had paid high prices for their shares, and the old company died with an unenviable record of failure. The mine, however, was good. To date it has produced gold to a value of £4,850,000 or $23,573,500. Of this, W. S. Stratton won before sale of the property $3,985,440, the first company produced $15,064,320, and the second or present company $4,523,740. The old company paid in dividends $4,748,989, while since its organization the new Stratton's has distributed 1s. 10½d. per share to which was added 6d. at the meeting. Thus, it has paid 2s. 4,5d., nearly the par value of its shares, and has in reserve as a result of the action then take an sum equal to 1s. 3d. per share. On its merits as well as by contrast, these results redound greatly to the credit of the managers and the engineers in charge. The whole story indeed is a brilliant one of saving the maximum from a wreck. The total dividends paid by the two companies is materially above the net value of the mine, $5,000,000, as fixed by the examination made when British capital first went into the enterprise. When the new company was formed, Mr. Philip Argall estimated a profit of $1 per ton when working at the rate of 10,000 tons per month on $3.60 ore. The profit has been substantially that amount despite the fact that the sampling of the dump by the engineers of the old company proved inexact, the ore averaging $3 instead of $3.60. Mr. Argall has been able to reduce costs and increase extraction enough to compensate. On the whole, the company has been fortunate in the amount of ore found in the upper levels, £65,000 having been won from the 'mill veins.' A good mine dies hard, but it dies. Mr. Argall has kept his company fully informed as to the exhaustion of both mine and dumps, and the time has come when the work must be stopped. Negotiations for purchase of other dumps, in particular those of the Portland Gold Mining Company, proved fruitless, but they did result in an offer from the Portland company to purchase the mine and mill upon what are, we believe, excellent terms for all concerned. Briefly, the Portland is to pay £65,000 plus the invoice of supplies, and Stratton's Independence is to keep the property till the end of June. Since a surplus of £20,000 has been accumulated, the close of these various transactions will leave the company with nearly £96,000 on hand. This we believe to be very good business. Anyone familiar with the local situation will recognize that the Portland with its big dumps right at hand can pay a larger price for the Stratton's mill than could any other company. It is also true, owing to the relations of the two mines, that the Portland management can win whatever ore may still remain in the property at less cost than it could be mined by Stratton's working independently. The bargain is, we repeat, one of the satisfactory kind where each party to it takes a profit. We are confident that under the management of Mr. G. M. Taylor, the Portland will derive full benefit from the purchase, while the excellent record of service Mr. Argall has with Stratton's is the best guarantee that the fund now available will be wisely invested if the programme of purchasing another mine be followed. A small number of the shareholders at the meeting expressed a strong preference for dividing the whole sum remaining rather than making any new venture, however promising, at this time, but the vote was heavily in favour of the plan outlined by the directors. Mr. Argall stated to the meeting that, while his firm had four different properties under study, he was not prepared at this time to recommend a purchase. It was therefore left that until a satisfactory property was offered, matters are to stand as they are, and if no suitable investment be found within a reasonable time, the chairman agreed to recommend dissolution of the company. The policy or unpolicy of such reinvestment, made by a company as a whole in place of individually by shareholders, is too broad to discuss at this time. We may, however, congratulate the present shareholders of Stratton's on having received in dividends a sum substantially equal to the par value of their shares and having a sum in the treasury of the company adequate to undertaking a wholly new mining enterprise.Internet Source Text Link(s) {Found/Seen/Known]:
- Internet Archive: ⊞ The Mining Magazine (June 1915; p315)
Above Info was Last Updated on 10.10.2021 (18:51:24)
Above Info was First Seen 05.05.2021
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining and Scientific Press. Volume: 119 [CXIX], Issue No. 13Info Publication Date:
September 27, 1919Info found on page:
450Info Title:
Independence No. 2 Discovery The Portland company reports another rich discovery south of No. 2 shaft in Independence territory at a depth of 2100 ft.
The shoot has not been developed sufficiently to determine its extent.
The shoot has not been developed sufficiently to determine its extent.Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 08.03.2020
Type/Category of Info:
General Mining NewsInfo Source From:
The Mining and Scientific Press. Volume: 123 [CXXIII], Issue No. 23Info Publication Date:
December 3, 1921Info found on page:
794Info Title:
Independence Resumed Work Work also has been resumed at the Independence where the haulage tunnel is being extended 750 ft. to make possible the more economical handling of ores from the Battle Mountain mines.
Above Info was Last Updated on 30.10.2020 (11:04:30)
Above Info was First Seen 20.02.2020
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