The Marble Quarry That Swallowed $200,000—and the Syndicate Ready to Try Again

A new company for the quarrying and marketing of Stevens County marble is being organized here, and will be launched in the early spring as the Spokane Marble Company. Allen Haynes, an Eastern man, who has recently come to Spokane to make his home, is backing the project, and will own the controlling interest. It is stated that over $100,000 cash is involved in the deal. The plan is to consolidate the Verde Antique Marble Company with the Columbia River Marble Company. The Verde Antique, it will be remembered, was formed by the creditors of the old United States Marble Company in an effort to save something from the wreck of that concern. Over $200,000 was put into the United States Company by the shareholders, who lost every dollar of this when the stock was wiped out. The property was turned over to the creditors, who formed the Verde Antique, and issued bonds to the amount of about $10,000 to the preferred creditors for labor, liens, receivers' fees, etc.—Chronicle. According to a report in the Chewelah Independent, work is to be resumed shortly on the property of the U.S. Marble Co. near Valley, it being generally understood that the property has been sold to a syndicate of Vermont people, who have had large experience in the quarrying of marble for market, and will at once proceed to put the property on a paying basis.