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I The Market and The Mines
9fl ' Five months ago no amount of eloquence would
Hl have convinced the ordinary capitalist that there
WfM I was three million dollars of real money in the
UK i wide world. The capitalist, at that time, was like
9B f a child who has just learned that there is no Santa
3HHI :7 Clans. His faith in the teachings and experiences
flH !. j , of a lifetime had hoen overturned. He looked
JB upon official reports of the cash in the United
9B ' I States treasury as fairy tales and he regarded the
H I uank statements much as the editor of the Tri-
H jt I bune regards the fiction in the public library. Real
flB H I money, was to him, a myth, a beautiful allegory,
'H i! a phantasm of the mind, an illusion of the senses!
jB ? And now? Why, now the capitalist complasently
flBB digs up three million dollars to build a second rail
JB I road to Bingham! Another freight line to Bing-
jB t ham is not a luxury. It is one of the common ne-
jH II cessities of mining life. Further delay in its con-
jHI struction would convict the capitalist of desertion
ijHI I and non-support. Yet, for all that, the ready dis-
HI position of $8,000,000 worth of first-mortgage bonds
jHI I by the Bingham Central Railroad company so soon
HI 1 after the flnanoial hysterics of last fall is a crodit-
fH I able achievement and a noteworthy sign of return-
-H I ing solvency. The projected railroad will, of
H j, course, come to Salt; Lake, stopping on route at
H Garfield and Murray. There will be a bag house
H on every locomotive, to mollify the farmers and
H 1 prevent anti-smoke injunctions. At Bingham the
JH R line will end in a tunnel. Instead of stopping at
H I theoro bins of the Bingham mines, as of yore, the
'ijH 1 ' oars will be anchored under the mines. Instead of
lH 11 testing the material from the bottom of their
iH II shafts for copper and lead the mine managers will
Hn "What were the ind' tions of a railroad to-
H jH In describing a strike at Bingham the reporters,
H i after a few months, will say: "Sinking its shaft
R 1 the Indiana-Kansas-Oklahoma Copper company of
H I Bingham has encountered one brass button and
H 1 two inches of gold braid. Another shot will, it ia
H jf thought, expose the head and, possibly, the whisk
m 1 broom of an African porter."
H 'E kt
jB 1 "A car of ore a day" is the motto of the May
B I Day company. Since it resumed production last
H m week it has sent out three or four cars of silver
H B and lead which have netted $1,000 a car. By
H &j employing a third shift, it is thought, the car a
H fl day lcleal CfU1 soon e realized. With a daily
H income of $1,000 the company can pay dividends,
'IjBB buy automobiles and play bridge. The success of
H m Its revival inspire other Tintic mines and thereby
Hl x hasten the restoration of normal conditions
H M throughout the camp. The Grand Central will, it
JM H is announced, commence shipping again on May
fl 15. The Tetro has employed two shifts but will
SBB !' not ship until it gets some ore. The Colorado has
affjl Sf a compressed air about it since the arrival of
H 1 v two mammoth air compressors. Motors develop-
I ing 60 horsepower will be used to operate the ma
chines and pipe lines will convey the air pressure
to the Beck Tunnel, Crown Point, Iron Blossom
and Black Jack where power drills will be used
Since certain well-intentioned gentlemen under
took to knock the props from under Beck Tunnel
that stock has dropped all the way from $1.17 1-2
to $1.15. By the time this letter is in print It may
be down to $1.14 1-2. The gentlemen In question
are philanthropists. Suddenly becoming aware
of the fact that the dear old innocent, unsuspect-
mm-hj pin ing, unchaperoned public has been cozened into
9HB iff the belief Beck shares were worth $1.17 1-2 they
ffBfl l set about exposing the imposture. The Beck, they
IflBlH ' ! pointed out, was not mining a pound of ore, was
fljBlf ', I" in debt $20,000 or $30,000 and one of its directors
JBBB ' had rod whiskers. The public, as obstinate as It
is gullible, smiled at the noble rage of the muck
rakers; reflected that the Beck was not produc
ing ore because the new working shaft had not yet
been connected with the ore shoot and waved that
$80,000 debt aside as a bagatelle that two or three
weeks of activity would cancel. The philanthro
pists cannot even congratulate themselves that
the decline of 2 1-2 cents is the fruit of their
patriotic campaign it is noly the natural reac
tion following a sudden rise in price. When a
stock makes a quick advance some of the holders
always hasten to take their profits and the extent
of the profit-taking determines the sweep of the
reaction. In the case of Beck-Tunnel the reaction
has not been great enough to pay the commis
sions of the philanthropists upon the stock they
thoughtfully sold short before they undertook to
educate the public. Verily it doesn't pay to be a
The man who sees only the hole in the dough
nut is a pessimist all right, but many an optimist
cart see only the hole in the mining claim.
& & &
Thirty days ago readers of the Salt Lake news
papers were led to believe that anyone who in
vested good money in Rawhide, Nev., should go to
Provo, Utah. Today some of the men who have
much good money invested in Provo, Utah, are
going to Rawhide, Nev. There has been a complete
revolution in the attitude of Utah mining men to
tard Rawhide. Utah investors became Tex
ans in skepticism you had to put it in their
hands before they would be convinced. Rawhide,
fortunately, was able to meet the Texas test.
Those who took the trouble to visit the camp and
examine it thoroughly were unanimous in the as
sertion that a new gold district of exceptional
merit had been discovered and that, today, is
Utah's opinion of Rawhide. Jacob Evans of Provo
is one of the first and most prominent Utah capi
talists to cast his lot with the new gold field. He
has put lots of money into the Bovard company
and has accepted the position of vice-president.
The story of the Bovard is interesting, but it is not
so important as the story of the Rawhide North
ern Consolidated as told by A. W. Scott, the man
ager. Everyone has been wondering what the
Rawhide district would reveal with depth. Mr.
Scott's company has gone 500 foot with a keystone
drill and, In that distance, has developed nine
feet of shipping ore and 150 feet of low grade sul
phide concentrating ore. And, almost as valuable
as the shipping ore is the strong stream of water
tapped by the drill. Water, in Rawhide, is a val
uable asset. This experiment by Mr. Scott's com
pany should answer the question as to Rawhide's
permanency and that is the only question that is
all pertinent concerning the camp.
& t &
The prohibition wave seems to have struck
Park City. Everybody is pleased to hoar that the
Ontario is going dry.
& & &
It is to be hoped that the new gold district at
Orogrande, Idaho, is all that has been claimed by
the northwestern papers. Buffalo Hump has
humped and Thunder Mountain has thundered in
vain. Neither made good the claims that were put
forward in its behalf by newspapers and rail
roads. Will Orogrande do better? There is not
much encouragement in the reports that come
from there. A near-by publication declares that
the gold-bearing ledge is a true fissure well in
place and then, to enhance the magnitude of the
strike, it asserts that the vein is incredibly wide
and that "neither of the walls has been found
yet." A veiu in place, the walls of which have
not yet been found, is certainly worth the price
of admission. In other camps two wall of the
basic rock of the country are needed as evidence
.hat a vein is in place. If the rules of geologic
evidence are different in Idaho the Geological Sur
vey should lose no time In reporting the facts. .
A BIRTH EVERY FIFTEEN MINUTES.
This is the record in the birth of cars In the
shops- of the Bulck Car Company. The Consoli
dated Wagon & Machine Co. are the local representatives.
A SUMMER OF SUMMERS.
You can take a bet at long odds on Salt Lake
this summer. From all indications it is going to
be a winner particularly as to amusements. Wo
never have been very slow in this line, and
signs of the waning spring point to a record
breaking season after Decoration day at the va
rious resorts and in and about town. Saltair,
Wandamere, the Lagoon and the Salt Palace have
each spent a lot of money since last September,
and the four big resorts are in better shape than
they have ever been for a summer of fun.
Saltair gets Its big steel bicycle saucer track,
with a seating capacity of 3,500 people and a pit
that will hold a few more thousand. Held's band
Is to play In the dance pavilion throughout the
season, and this means mighty good music there.
The water is way up under the pavilion and the
bathing will bo groat. In fact, the old resort is
kicking around like a colt In a new pasture.
Fresh water bathing will be a feature of tho
Lagoon. About 160 bath houses have been put In
this year. The grounds have been beautified and
a fish hatchery installed.
At Wandamere they have put in a big swim
ming pool, fifty bath houses, golf links, tennis
courts, a straightaway cinder track, and added
five acres of parking to the resort.
At the Salt Palace the bike track will hold its
crowds as usual two or three times a week, and
tho management has engaged a balloonist to do a
few tricks in mid-air dally.
Transportation facilities to all the resorts
have been improved and Salt Lakers and their
tourist friends should not suffer from a surfeit
of amusement during the ensuing months.
EXPERT KODAK FINISHING.
Harry Shlplor, Commercial Photographer, 151
South Main, second floor.
J. I. GALLACHER
Has bought a Bulck runabout. It is a beauty.
The Consolidated Wagon & Machine Co. are tho
only ones you can buy them from.
HE LECTURETH THE CUBS
Continued from pngo 0.
oh thou of long ears and short tongue.
"Is one dipper of suds sufficient unto thee
when thy mouth cracketh with drouth?
"Is one kind word sufficient unto women, who
crave such by right?
"Dost thou imagine, too, that she will con
tinue to look for thee with gladness while remem
bering her thrice darned stockings?
Whilst thou sporteth with the -boys in thy new
raiment, nor attemptoth to elevate thy standing
with the boss that thy salary may got the earnest
"Dost thou even want her to?
"For if thou dost, contem -a thyself with a
few bucks per, assuredly art thou like unto that
animal which is seen occasionally, but whom none
desireth mightily for steady company."