The Boom Days Are Over — Now Comes the Real Mining

B. F. Seeley, of Deer Park, and W. E. Allen, of Spokane, president and secretary respectively of the Bead Lake Mining Co., made a thorough inspection of their property this week. They were accompanied by W. A. Seeley, of Nebraska, W. E. Allen, of the Deer Park State Bank, and Mr. Payne, a Spokane mining man. To a Miner representative Mr. Seeley said: "Active development on the main tunnel is the plan for this season's work. From the recent development I believe the main body of ore will be encountered at no great distant date. In driving the main tunnel a large body of ore has been cut in the last 20 feet of work. General assays show values of from $5 to $10 per ton in gold and good values in silver. The ore we took from the face of the tunnel on this trip looks even better and appears to carry higher values. We are so well satisfied with the showing that we will contract to run another 100 feet of tunnel and expect to operate on a more extensive scale than for some time past.

"Instead of the district declining there seems to be one of the best eras ahead of it. The immense mining properties here are as yet practically untouched. There has been much superficial work, surface mining and mild promotion of a great many properties, but when the true development comes and the real era of systematic mining arrives, Newport will make a showing that will bring it in high regard throughout mining and financial circles. Hidden in these mountains are vast deposits of minerals which it will require thousands of dollars to reach, but which will surely be uncovered.

"The boom days are over, but the day of actual development work is at hand. We have the utmost faith in our holdings and feel that for a solid, substantial mining proposition we cannot find a better district than this, and we are showing our confidence in the work we are doing."