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FAUNTLEROY COMPANY ORGANIZE.
The Fauntleroy Gold Mining company has been formally organized in the office of Reed and Hamlin in Colorado Springs by electing the following officers: Verner Z. Reed, president; C. C. Hamlin, vice president; O. H. Shoup, secretary and treasurer. These gentlemen, together with Frank J. Campbell, secretary and general manager of the Vindicator mine, and Judge A. T. Gunnel, compose the directors.
The company owns the Little Lord Fauntleroy and part of the Princetta claim, adjoining the Anaconda and within 600 feet of the Mary McKinney mine; also the Garfield on Mineral hill and the Mary D. south of Victor.
This company owns also the Mary D., 10 acres south of Victor, and part of the Garfield on Mineral Hill.
Name: FAUNTLEROY G. M. CO.
Capital: $1,250,000; par value, $1; 200,000 shares in treasury.
President: V. Z. Reed
Vice-President:
Secretary: O. H. Shoup
Treasurer:
Superintendent:
Manager:
Office/Contact: Bank Bldg., Colorado Springs. Reg. International Trust Co.; office, 111 E. Kiowa St., Colorado Springs.
Lessees:
Description/Note: Deepest shaft 200 ft. Ophelia tunnel cuts claim at a depth of 278 ft. from surface. See Plat X, A-4.
Owns: 1. the Little Fauntleroy and a portion of the Prinseti lode, a little more than 5 acres, on Gold Hill, in the S. W. ¼ Sec. 19;
2. that portion of the Garfield lying south and west of the Bland lode, about 5 acres, on Mineral Hill, in the S. W. ¼ Sec. 12, and
3. the Mary D., 9.9 acres, southeast of Victor, in the N. E. ¼ Sec. 5, T.16, R.69, all patented.THE FAUNTLEROY GOLD MINING CO.
In the early part of the year 1901 The Reed Investment Company, of which Mr. Verner Z. Reed is president and O. H. Shoup secretary, adopted a policy of working the properties which they controlled by the leasing system.
They were among the first to inaugurate a longer time lease with a lower royalty, so that on all the properties which they control, there has been active development work carried on during the past year by lessees.
The Fauntleroy Gold Mining company own the Little Fauntleroy claim on Gold hill, a part of the Garfield on Mineral hill and the Mary D., south of the town of Victor.
During the past year active development work has been done on the Little Fauntleroy claim and some ore has been shipped. The principal development work on the Fauntleroy claim was done in the Ophelia tunnel, which cuts this property at 278 feet from the surface.
Arrangements are about completed to have the work resumed in the tunnel.