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Alice Gold and Silver Mining Company Annual Reports [145555]

Currency:USD Category:Collectibles / Mining Start Price:200.00 USD Estimated At:400.00 - 800.00 USD
Alice Gold and Silver Mining Company Annual Reports  [145555]
SOLD
500.00USD+ (125.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Apr 23 @ 09:47UTC-7 : PDT/MST
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Five annual reports from the Alice Gold and Silver Mining Company. Offices were in Salt Lake City, Utah Territory, but the mine was in Walkersville, Silver Bow County, Montana. In 1895, the President reports "I have the unpleasant duty to perform in announcing that the company practically made no money." All five reports are in excellent condition and entertaining reading. In 1875, Marcus Daly purchased mining property north of Butte, Montana Territory, for four Walker brothers in Salt Lake City, Utah. Three years later, the Alice Gold and Silver Mining Company organized, with Joseph R. Walker as president and Marcus Daly as superintendent of the Walkersville operations. In 1880, Daly withdrew from the Alice and bought into the Anaconda Mine. Walker served as president until his death in 1901 when his brother, Matthew H. Walker, succeeded him
During these formative years, the Walker brothers invested in new machinery and enlarged the Alice's production capacity. The company constructed a 60-stamp mill, considered at the time to be the world's largest dry crushing and chloridizing mill. These technological improvements proved that, in addition to silver bullion, base ores could be economically mined. This was a particularly significant development after the Silver Panic of 1893, when silver prices fell and the Alice management sought profits through the extraction of zinc
The Anaconda Copper Mining Company acquired majority control of the Alice Company in 1910, and in 1930, the Alice Gold and Silver Mining Company was dissolved. City: State:Utah Date: 1895-1899