Cripple Creek, April 29.—A strike of fine ore was made recently in the Hobo lode of the Blue Bell Mine.

A GUYOT HILL MINE
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E. C. Stimson Has Established a Precedent.
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HIS HOBO LEASE IS IN ORE
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Four feet of ore has been uncovered on the Stimson lease on the Hobo, located on the north slope of Guyot hill, and owned by the Blue Bell company.
The lessees have sunk an incline shaft on a strong lead, and at a depth of 50 feet the vein is full four feet in width, and an average taken from the full width of the vein shows a value of $26 per ton. The lessees are saving up rock for a trial shipment, and a wagon road is being constructed to the property.
Though lying between Beacon and Raven, two of the richest hills in camp, no shipper has yet been opened up on Guyot hill. However, there are many who have faith in the place, and predict a great future for Guyot.

Saturday afternoon the officers of the Blue Bell Mining, Milling and Prospecting company closed a deal whereby they sell to the Mt. Nebo Mining company the Hobo claim for 318,325 shares of the stock in the latter company.

The stock settlement is upon a basis of acreage. The Hobo, which is regarded as the most valuable asset of the Blue Bell company, is thrown in with the Chicken Hawk, Katinka and August Flower, making in all about 26 acres.

This company is capitalized for $1,000,000, of which about one-third goes into the Blue Bell company's treasury. The value of the Hobo claim, while considered very large, is still prospective, and is based upon the expectation of its containing about 1,000 feet of the Republic vein of the Mary McKinney company.

There is no doubt but what such will be the case and that this bonanza vein will be opened on the Hobo when sufficient depth is attained.

Late Saturday evening a suit was filed in the district court entitled William A. Otis and James C. Conner, co-partners, under the firm name of William Otis & Co., S. J. Burris and William J. Sexton vs. the Blue Bell Mining, Milling and Prospecting company, J. E. Hundley, M. C. Lankford, J. J. Ducy, William Barber, George W. Carr, J. M. Hawkins and the Mt. Nebo Gold Mining company.

The plaintiffs sue for an injunction. The complaint sets out that Handbury is president and that Hawkins is secretary of the Blue Bell company. The other defendants named constitute the remainder of the board of directors of the Blue Bell company. The plaintiffs set out that they own 383,500 shares of Blue Bell stock out of 793,000 shares on the market.

It is averred that the Blue Bell owns the Hobo claim and that the claim is well worth the sum of $60,000. It is then charged that the directors recently entered into an agreement to convey to the said Mt. Nebo company the said Hobo claim, receiving in payment therefor 325,000 shares of stock in the Mt. Nebo company.

It is charged that this agreement to transfer the property was without the sanction of the stockholders' meeting, and that they have a fraudulent intent to at once sell the stock received for the Hobo claim at 6 cents a share, when it is really worth 16 cents.

The plaintiffs asked for an injunction restraining the said directors from closing the deal for the said Hobo claim, and to also restrain them from selling the said block of stock in the Mt. Nebo company.

As soon as the suit was filed and Judge Stimson could be found the matter was placed before him, as the plaintiffs set out that the directors meeting to ratify and close up the transaction was scheduled for Saturday night.

Judge Stimson issued a temporary injunction as prayed for.

The Blue Bell deal selling the Hobo was closed shortly after 12 o'clock noon Saturday, and the injunction papers to restrain the officers from closing it were not served until 5:50 p.m. The point raised that the officers contemplate selling the 318,000 shares of stock at 6 cents is denied by them, as they say they never thought of such a thing.

The August Flower Leasing Company, operating the Katinka group of claims on Guyot Hill, has ordered a complete set of machinery, which is to be installed over the large three compartment shaft recently completed to a depth of 700 feet.
With this new equipment in operation, the leasing company will increase the production from the property. The company is shipping a good grade of ore from several levels.

On the western slope of Guyot hill the Progressive Gold Mining Co., holding a long-time lease on the Chicken Hawk, August Flower, Katinka and Hobo claims of the Katinka Gold Mining Co., are sinking the shaft.

Charles Waldron, manager of the Progressive Mining and Leasing Co., operating the Chickenhawk shaft on Guyot hill, whose shaft house was recently destroyed by fire, has purchased a 75 horsepower hoist and a 100-horsepower electric compressor.