Cripple Creek, Colorado.
Homestake Mills Leased.
A five-year lease has recently been granted to the Phoenix Leasing Co. by A. W. Grant, receiver of the Cripple Creek Homestake Mining & Milling Co., on the Ironclad, Annex, and Pard claims, and the larger of the two Homestake mills.
Mining operations will be started at once. It is expected that the mill will be overhauled and put in shape for the hauling of ore by March. The royalties range from 5 to 20 %.

About 12 months ago a similar lease was granted on the Magna Charta and Quartzite claims and the smaller mill, to the Ironclad Leasing Co. This mill has a capacity of 150 tons per day and has been operated very successfully during the last year.

As the result of the sale of its Ironclad Hill acreage at Cripple Creek the Ironclad Mining & Milling Co. has announced its readiness to pay a dividend.
The payment will be made on the basis of two cents a share. With its issue of 1,000,000 shares this means that $20,000 will be disbursed.

Ironclad Mining and Milling Company.—This company recently declared a dividend of 2 cents a share, amounting to about $20,000. The company recently sold its Pard and Ironclad claims for a little over $20,000, and it is from the sale of these claims that the dividend will be paid.

The company still retains possession of the Big Thing claim, situated on the saddle of Ironclad and BullGold hills.

Principal Producing Cripple Creek Mines - 1898:

Name:
Owner: Ironclad Mining and Milling Co.
Capital: $1,000,000
President: Jos. H. Smith, Denver
Vice-President:
Secretary: R. G. Riddett, Cripple Creek
Treasurer:
Superintendent:
Manager: R. G. Riddett, Cripple Creek
Lessees:
Description: 415-foot shaft; 20-horse power vertical boiler; 6x8 double flat friction hoist.
Employes: seventeen employe's
Contact:
Notes: