View source for Clover Leaf Gold Mining Company

In 1899 the mine was reorganized as the Clover Leaf Gold Mining Company capitalized at 1 million dollars. The Montana cattle baron, [[Pierre Wibaux]], founded the new Clover Leaf Company. Being from France and now “owning” the town of Perry, Wibaux, renamed the town to “Roubaix” after his home town. The influx of capital brought prosperity to Roubaix for a short period of time. The mine now had a 60-stamp mill, a new shaft and hoisting house, a machine and blacksmith shop. Land was purchased surrounding the mine with mineral claims covering 700 acres. The business men of Roubaix built stores, a post office, boarding houses, a barbershop, churches and schools and had its own newspaper. The town supported a population of 500. The mine operated for another six years and brought the total gold production to over 1 million dollars. The Clover Leaf Company produced until 1905 when a series of misfortunes resulted in a fatal blow to the mine. Apparently, while performing maintenance to the boilers on the ground level, a collapse of the underground workings occurred. Water rushing in on the 700-foot level would have normally been pumped to the surface, but on this ill-fated day, the collapse dammed the water. Naturally the dam created a perilous condition, which was only amplified when the pumps broke down due to lack of water intake. Suddenly, the dam gave way and sent surge of water through the mine. After two weeks of fighting the water, the owners called it quits, and the mine was once again flooded. Homestake Mining Company took over the operation at considerable expense in 1924, however the operation failed to produce. The Anaconda Milling and Mining Company dewatered the mine in 1934 to 1936. Gold was recovered by amalgamation but apparently not enough to sustain operations and the mine was once again allowed to flood.