Page 85 - Cornelius Hedges Story

For This And Succeeding Generations Gardiner 72

Chapter 4
Economic Ventures

With the exception of the last decade and one half, proper
financial support for his family’s need was a definite problem.
Hedges, often gave more of his time, talent and moral support to
movements than money because he was only of adequate means.
However, had he always been well-to-do financially, he would have
probably given more of this talent and intellect because he was
so well endowed with such qualities. And he had developed his
potential well. Hedges literally enjoyed paying his debts, and not
being in debt with anyone. He illustrated this in 1868. After paying
a bill of $34.50, he proudly remarked, “Don’t owe a bill in town.”261

In order to provide adequately for his family, Cornelius often
engaged in economic pursuits other than his law profession and
public offices such as Probate Judge, Superintendent of Public
Instruction, and State Senator. Hedges was never fully content when
he had to limit his family, such as was the case on Christmas Day,
1869. On that day, he wrote in his journal, “Christmas - Sunday
school festival last evening - I was busy getting something for the
children -Spent $5.00 in presents -Times are too hard to do much.262

In most cases his economic ventures were means of simply
maintaining a source of revenue, however, in a few instances,
such as in the sheep industry and the Home Building and Loan
Association, Hedges again succeeded in substantially contributing
to the growth and development of Montana. He also held ownership
of some downtown real estate.263

Mining was a field of interest which Hedges maintained from
1865, which he worked himself; his first venture in this field was the
purchase of a 5-stamp quartz mill in partnership with Capt. George
Wood in the spring of 1867. The mill was shipped up the Missouri to
Fort Benton, and around the mill and with additional funds; a Quartz
Mill Company was formed. The company was disbanded and the
mill sold for $3000 in September, 1868.264

In August, 1873, Hedges drew up the by-laws for another
mining company and invested $250 in 25 shares.265 Again in 1880,
he noted the purchase of one-tenth interest in the Black Alder and
Black Swan Lodes for $600.266 Helena businessmen including