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The Madison Daily Leader
Madison, Lake County, South Dakota
What is this article about?
Intense mining excitement in Creede, Colorado, draws crowds from across the country, rapidly building a shantytown. David H. Moffatt rejects $1M bond offer for Holy Moses mine. Investors buy two-thirds of Last Chance mine for $15M; $5M in ore extracted in nine months, with 90 tons shipped daily at $160/ton.
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People Flocking from All Parts of the
Country to Creede.
Denver, Feb. 4.-The excitement at
Creede, Colo., the new mining camp on
the Rio Grande railway is intense.
People are flocking in from all parts of
the country and a large city of rough
board houses has sprung up in a short
time.
David H. Moffatt has been offered
$1,000,000 by an English company to
bond the Holy Moses mine at Creede,
but he refused to do so.
Since the first prospect hole was
started at Creede, nine months ago,
there has been $5,000,000 worth of ore
taken from the mines there, although
everything is new and undeveloped as
yet.
Z. Dickson, Henry Wolcott and
E. O.
Wolcott, of Denver; a Mr. Ward,
of New
York and Jake Saunders, of
Leadville, have purchased a two third
interest in the Last Chance mine at
Creede for $15,000,000. This mine is
shipping ninety tons of ore a day,
which averages $160 per ton.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Creede, Colo.
Event Date
Feb. 4
Key Persons
Outcome
$5,000,000 worth of ore taken in nine months; two-thirds interest in last chance mine purchased for $15,000,000; shipping ninety tons of ore a day averaging $160 per ton
Event Details
Intense excitement at the new mining camp on the Rio Grande railway; people flocking from all parts of the country; large city of rough board houses sprung up; $1,000,000 offer to bond Holy Moses mine refused; first prospect hole started nine months ago; everything new and undeveloped