SYNOPSIS OF PART I. 
5 
Florence, Colorado City, and elsewhere. In 1904 the charges for treatment at the 
mills ranged in the lowest schedule issued from $5.50 per ton for halt-ounce ore to 
$9 per ton for 3 to 5 ounce ore. This included freight from mine to mill. 
Labor conditions .—The minimum wages for ordinary miners are $3 for an eight- 
hour day. Conditions of work and living are good, but the district has suffered 
from two serious conflicts between mine owners and miners. 
Financial conditions .—While there are several large companies operating in 
the district, many small mines are under individual ownership, and there is much 
leasing, with royalties ranging from 15 to 35 per cent of the net returns. A tend¬ 
ency exists to organize companies at capitalizations greatly in excess of the prob¬ 
able value of the prospects which it is proposed to develop. Very few companies 
have been organized with less than $1,000,000 capital, and very few mines have 
yielded the amount of their capitalization in dividends. The fascination of a min¬ 
ing venture tempts investors to accept a rate of interest on their capital which is 
lower than it should be when the uncertainties of ore bodies and the usual limited 
life of a mine are taken into consideration. The costs of mining and treatment at 
Cripple Creek are high and do not always compare favorably with those prevailing 
in other districts that labor under no greater disadvantages. 
Extent of productive territory. —There is nothing in the history of the district 
since 1894 warranting any extension of the bounds of the productive territory as 
then known. All the important mines lie within a circle of 6 to 7 miles in diameter. 
CHAPTER VI.-PRELIMINARY REVIEW OF THE MINING INDUSTRY. 
Distribution. —In Poverty Gulch, near Cripple Creek, are the Abe Lincoln, 
Gold King, and C. O. D. mines. On Globe Hill, east of the town, are numerous 
properties belonging to the Stratton estate. Gold Hill, southeast of Cripple Creek, 
contains the Anchoria-Leland, Moon-Anchor, Half Moon, Midget, Conundrum, 
and other mines. Near the town of Anaconda are the Anaconda, Doctor-Jackpot, 
Morning Glory, and Mary McKinney mines. Around the phonolite plug of Beacon 
Hill are the El Paso, C. K. & X., Gold Dollar, Prince Albert, and many smaller 
mines. On the south slope of Raven Hill are the Elkton and Moose mines. 
On the east and southeast side of Blue Hill a very important belt of mines, 
extending from Altman through Independence to Goldfield, includes the Isabella, 
Victor, Pharmacist, Zenobia, Findley, Hull City, Vindicator, Lillie, Golden Cycle, 
Logan, Orpha May, Blue Bird, Last Dollar, and other well-known properties. 
On the south slope of Battle Mountain and extending into Victor is the great 
group of mines embracing the Portland, Stratton’s Independence, Strong, Ajax, 
Granite, Dead Pine, Gold Coin, and others. 
Extent of underground development. —The productive part of the district con¬ 
tains over 20 shafts more than 1,000 feet in depth and is intersected by very numer¬ 
ous and extensive drifts and crosscuts. 
Placers. —These were never very extensive, although they produced a fair 
amount of gold in early days. There is probably still ground on the southwest 
slope of Mineral Hill which would pay were water available for washing. 
