The Salt Lake tribune. [volume], December 29, 1907, Page 35, Image 35

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THE SALT LAKE TRIBUNE, SUNDAY MORNING-, DECEMBER 29, 1907. . 35 m
" -4Just as a rearrangement once in a
iirfv Trh:i" is pood for an' business, how
P5iL'ver prosperous it may havo been dur
Tm frjf years in the past, so a revamping
H W ' of conditions in a successful mining
:f- camp, bringing together licro and thorc
ij i discouncclcd ends to a harmonious
0 ; whole, lends new life to the activity
J : S" and success of all lines of effort. Dur
: ;. ing its eventful career the Park City
t district has produced several great
1 mines and dividend-payers, allowing
i up to date a total distribution of many
millions in the form of dividends, which
! roprescnt a total ore production of prob
ably four or five times that amount.
! I The beginning of the year 1907 saw
Park City struggling against the great
odds of litigation as far as the noted
old Silver King company was concerned.
! and with the Ontario drain tunnel still
1 ! presenting its momentous problem, on
the proper solution of which depended
the fate- of such great producers us the
Ontario. Daly West, Daly. Little Bell
and other properties affected bv those
unfavorable tunnel conditions, oo ono
'Mr doubted that everything would come oiit
:WPk right at soma time, but no one could
Ijf foresoe the probablo date of adjust
ment. Dire prophecies were indulged in
I now and then, the theme being the end
IK of usefulness up at Park, of which
WL campaign of ruin the Silver King by
interested parties was denominated the
leader.
! Silver King Suit.
! Against the Silver King Mines com-
pany had been filed a suit calling for
something like a million dollars for al
leged extracted oro and attending pen
alties. Tho stock of the company
dropped considerably under the pres
sure of uncertainty and liquidation, of
frightened stockholders. Then it was
I I asked if the Silver King had ceased
to bo tho Silver King of old. Early in
the. last year t,ho officials of tho com
pany began an active effort looking
toward a compromise of this litigation,
the ucw order of things contemplating
the rounding out of an organization
which would begin its career tho owner
of a vast acreage- of richly mineralized
pp Park Citj- land. Not a new scope of
If territory exactly, cither, but ground
K that had been sufficiently developed at
Bf frequent points to .-justify the conviction
Bf as to ultimate and splendid success.
B Great Company Formed.
These efforts were successful, all liti-
Bt gatiou was brought to a happy conclu
B sion by the contending parties ioining
K their forces and their lands. The or
B ganization of tho Silver King Coalition
Bft Klines companj was the outcome, the
Bff company taking over what was justly
termed an empire of territory, not an
acre of which represented what an ath
lete would term surplus flesh. In the
coalition was included the old Silver
King property, tho possessions of tho
Kcarns-Kcith company, the St. Louis
Magnolia, the Odin group of claims up
Thanes Canj-on way. ami several other
groups of properties, all extending
toward the divide to the west, follow
ing a developed ore zone that guaran
tees many years of successful mining
by this organization, with millions of
dividends certain. While the major
ity of the present Silver King Coalition
officials arc young men, none will live
to see the end of usefulness for the
organization which U1C3' have perfected
in tho year .1907. The Silver King Co
alition oogan the payment of dividends
soon after formation, the amount be
nig $1S7,500 per quarter. During tho
year tho capacity of the concentrating
plant on the Silver King ground was
increased so as to bring tho company
for the new year in ideal shape lor a
greater production and a more liberal
rato of dividend distributions.
It was the Silver King money that
made Salt Lake City tho great and
beautiful center that it is today, and
in the future as in tho pust practically
each dollar paid out in the form of divi
dends remains in tho State of Utah.
The company is a Utah organization,
a one-eiglith interest going to F. Au
gustus Ileinze, the noted copper mag
nate, who was convinced of tho mag
nificent possibilities of the new com
pany by personal inspection of the prop
erties assisted by numerous members of
his export staff.
,So the Silver King fully justified
herself, and answered to silence deep
and profound by actions ulono the in
quiries as to her possibilities for the
future.
Ontario Mining Deal.
In the plan of rearrangement iu Park
City another great combination of min
ing and financial interests gatht-red up
tho loose ends of the famous old On
tario company, bringing this company
with the Daly, the Naildriver and oth
ers into a scope contemplating ono man
agement. This coup was perfected by
the Bamberger intorcsts, which, realiz
ing the tremendous importance of tho
Ontario dram tunnel, naturally centered
all their activity on opening tho same
to its old-timo condition of usefulness.
With the close of the past year comes
excellent progress in reclaiming this
great avenuo into tho hills, and the
Ontario drain tunnol is expected to bo
itsblf again in overy resepct early in
the new year.
Tintic seemed toi unloosen its bolt
all at once. Coincident with the dis
covery of the Colorndo ore body came
termod the "Dern properties." they
being the Lower Main ninth, May Day
and Uncle Sarn Consolidated. The Dern
interests mado history also for Tin
tic in 1907, In tho first place, tho
May Day property passod into new
hands in that year, tho leading spirit
being John Dorn. Everyone laughed
when he took this mine- over in all
Boriousncss. Ho then got the Undo
Sam Consolidated company to part with
some of its territory, including its
mill, for a half interest in tho May
Day company. Uncle Sam people
growled at this; they did not think
tho May Day was fit to bo considered
a prospect. But they lot tho deal go
through. Sinco then they have had no
-reason to question tho plans of Mr.
Dcrn. The May Day has boon paying
dividends for several months at tho
rate of $12,000 per month, half of
which goes into tho treasury of tho
Uncle Sam companj. And tho May
Daj- is shipping its ores under contrnot
to the American Smelting and Refining
Hinolter, ho it) will bo earning when
the Uncle Sam and. other customers of
tho closed United States smelter arc
looking for some plant to buy their
rock.
May Day Record.
Tho new development!) on the May
Day during tho past few months have
The importance of the Ontario drain
tunnel cannot bo overestimated to such
mines as the Ontario, tho Dal- West,
Daly, Little Bell and others nearby.
It means their very life and salvation,
for without tho tunnel performing its
logical functions, the mino operators
are precluded from searching below tho
present thoroughly-searched upper levels
for the "rout mineral wealth contained
in lower levels. Thorc lio millionn upon
millions of concealed resources, locked
onlj' by the pent-up waters to which
the Ontario drain tunnel is the key.
Fortunately this great work of redemp
tion can and will bo done, giving to
the future tho pleasant duty of bring
ing into the channels of commerce un
told mineral wealth, which talent in
the past has had to leavo temporarily
iu the hands of unruly nature.
Strong Interests Unite.
It was Park City that presented tho.
sotting for anothcr'combination of very
powerful mining interests, tho first
time tho two interests "brought their
combined talent to play on any ono
proposition. Lato in the last summer,
the Uintah Treasuro Hill company was
picked up by Uncle" .lesse Knight,
the operator who made history for Tin
tic in 1907. The Treasuro Hill had boon
poked into here and thcro on the sur
face, showing up in her various work
ings a very rich character of oro. But
depth was needed, and to reach depth
would lake both timo and money. Ad
joining Treasuro Hill ground was the
old Creole proportj, of whieh John
Dcrn, another wizard of Tintic, was
ono of the leading powers. The Creole
had been developed to fine depths, open
ing up its own oro bodies. but follow
ing them to the Treasure Hill line. Hero
was food for trouble in the future be
tween the two companies, and here were
tho avenues at depth into the ores of
the Treasuro Hill group, to roach which
independent workings would take many
months' labor aud expense. , As a re
sult, the two mines woro joined, in
eluded within the newly-organized
Treasure Hill company, and work start
ed on the property beforo the ink
witnessing tho agreement was dry on
tho same. Both groups were shown to
bo rich from the surface down, and it
is only a matter of weeks until the
Uintah Treasure Tlill companv will be
counted among Park City's many bread
winners. Daly Judge Company.
In a way the Dalj' Judge companj
was a disappointment to its many
friends during tho past season, but in
a way it was not. In the first placo
I At the Camp of Tintic I
I For several years the camp of Tintic
had the distinction of containing more
dividcnfj-paycrs than any other camp in
Utah. And no district in 1907 brought
forth a rival worthy of questioning the
right of the Tintic section to this
honor. And during the past j'ear was
added to Tintic the distinction of con
taining within her precincts more
agreeable surprises than havo eomo
forth from all Utah combined. So much
has transpired in Tintic under the aus
pices of tho year 1907, all honorable
and epoch-making, that one pauses in
the task of chronicling them for the
lack of a. proper place to begiu.
Colorado Company.
Perhaps a property that was not con
sidered worth mentioning last year de
serves first placo this year for Its mag
nificont and astonishing achievements
during 1907. This is the Colorado Min
ing company, one of the organizations
fathered by Jesso Knight. The first
of tho year Colorado ntock could havo
been purchased on the local market at
a few cents a share; inside of a few
months iL had risen to above SS.op a
share, and had been elevated into
prominence as ono of Utah's most spec-
taeular mining propositions for many
years. The causo for this great gain
ijj Colorado was tho discovery above
y'futi 300-foot level of an enormous cave,
mf- over GOO feet in length, in which was
fPm found a bonanza grade of ore mnning
4f up into an immenso tonnage.
wit no' '0U2 in placing its
all earnings in the pockets of its stock
mtt holders. The Colorado as a starter be
mu Pan tossinff $120,000 per month into tho
B l Ps 's stockholders, and there were
m j. thoso who thought that twico that
nmount would bo forthcoming soon
after. And all this at a time when the
Colorado was counting its ago not in
' years but in months. Nearly everyone
' interested iu mines went down to see
the Colorado, and quite numerous were
ihe various estimates regarding the
amount and value of tho oro in sight
there. Some said $7,000,000 had boon
placed available in a couple of months,
' others thought $2,000,000 would cover
the pile, while others still thought
f $1,000,000 would be good enough for a
, mouth or two of work, to say noth
ing of tho possibilities of tho prop
erty. Beck Tuuucl Oro.
To the north of the Colorado was
, I ho other Jesse Kuight property, tho
Beck Tunnel, which has been s'uch a
splendid producer during the two sea-
sons just passed. No ono thought that
the great ore bodj- of the Beck Tun
nel would extend into tho Colorado, but
I it did, and there was far more ore aud
I richer grade at that on tho Colorado
than on the other group. This great
ore body is, or w;is, the largest toward
K its developed center, which was not
f. Jar distant from the boundary lines of
tho two mines mentioned. Both ends
j pf tho oro chuto began to playout, this
I being observable to tho north on tho
Beck Tunnol, and to the south on tho
Colorado. But between those two ex
tremes were many millions of dollars,
1 partly extracted and partly availablo
j for extraction. It was tho most won-
ft derlul find of the past year and Btnrtcd
mjj tho Tintic boom.
!BP Groat Tintic Boom.
This Tintic boom was a wonderful
tlung. At a time when tho price of
copper was slumping, the stock values
were decreasing badly throughout the
t .bant and Europe; when stock dealing
V "Brywhero in tho countrv was fooling
Jtho first symptoms of that paralysis
StemS that soon was to become more gen
JJ era! tho Salt Lako Stock and Mining
R Exchango easily assumed the Ioador-
Jf 6bip throughout all America for tho
JJ amount of activity in stock trading
B thnt prevailed for so many weeks while
Wl the rest of tho world was sinking into
Hi m .deopost recesses of despair. The
M Tintic boom, thorcforo, was called a
H wonderful thing, and such it surely wa3.
fl Uncle" Jesse Knight was as busy
and as active an organizor of mining
companies as ho was a miner of thoso
ho already had going. Among the
numerous mining companies he formed
were tho Crown Point and Iron Blos
som. Thero wcro others, but these two
will suffice for tho sake of illustrating
tho blind confidence reposed in tihs
man by his neighbors, friends and fol
lowers generally. Stock in any Knight
organization went like hot cakes on
a frosty morning. No one looked to
see how much his companies were capi
talized for. for the did not care, And
pretty soon no one looked to see how
high the stocks were, for all they
wanted was more of them. Beck Tun
nel, Colorado, Crown Point and Iron
Blossom all soared beyond any reason,
but no one who stuck to Jesse Knight
and lost money has reasou to blamo him
a bit.
All Could Make Money.
He sold them Colorado at I0 cents
a share, and gave them an opportunity
to sell it a few weeks later at $8.50, or
better. Ho gave them a chance to sell
j Beck Tunnel nt 500 or GOO per ceut
I advanco over their purchaso price. He
sold them Crown Point at less than
50 cents a share, and jjavo them a
chance to sell it at $1.2o. Practically
the same thing was true of Iron Blos
som. Yet neither tho Crown Point nor
the Iron Blossom had a hat full of oro
in sight, nor has any report ever
reached Salt Lako that they are in
ore this day. So everyone who deemed
himself a follower of Jesse Knight had
a chance to sell out at a great profit.
If ho failed to do so, he has no ono to
blamo but himself.
But tho boom was punctured at last,
and these stocks wont down about as
picturesquely as they had followed the
opposite course. Trouble began to pop
when tho United States Smelting, Ko
fining and Mining company sent out
notices to its customers, asking them to
cut down their shipments of lead and
silver ores. This notice greased tho
flanks, the confirmation by the
rnited Slates Court of Appoals of tho
findiug of Judgo Marshall in tho Utah
smelter smoke cases gavo the "boom
a shove, and the trip down the tobog
gan was on. Salt Lako quit prais
ing herself on being the only mining
and stock exchange center in tho coun
try that was enjoying unusual pros
pc'ritj. But it was corlainly a picturesque
boom while it lasted. Fortunes were
made on tho Knight stocks, and for
tunes undoubtedly were lost, for
someone had to lose the money tho nioro
fortunate ones made. It reached out
to everj- center where Jesse Knight had
interests. His name began to bo
sought after for mining propositions,
for with "Uncle" Jesso Knight it was
an casj matter to sell treasury stock.
His name was worth more than ore
bodies.
been wonderful. In virgin ground no
loss than ten slopes of shipping oro
have been discovered and opened up,
not more stringers of ore, but oro
chutes of splendid proportions. .And
there has been a milling tonnage within
the mine for years that will bring in
dividend material for j-cars to come.
Tho May Day is a big mine, according
to all reports and is one of the distinct
features of mining in Utah during
1907. And tho old Uncle Sam com
pany entered the dividend list, again
last season by virtue of some magnifi
cent developments on the Humbug
ground. The Uncle Sam becamo a
steady shipper of splendid rock, the oro
being highly prized on account of if s
ideal fluxing qualities. Both those
mines are. going to be heard from in a
highly flattering manner during 190S.
Lower Mammoth was another prop
erty under the managership of John
Dern that shared in the Doom, and
which suffered along with tho rest in
the slump that followed. The stock
went up to over $3 a share, and wont
down below 50 cents a share last No
vember. Toward the last of tho year
tho Lower Mammoth stock suffered
mainly from the dolay being ex
perienced in encountering oro on I bo
1800-foot lovel. Tho cross-cut had been
driven for a distance considered, suffi
cient to tap the great ore body had
on the 1700-foot and upper lovols. But
the ore had escaped somehow. lu
sidcre. realizing tho seriousness of this
condition, but unwisely gauging its ef
fect on the stockholders and public
in general, who had boen trained to
tho crrntic character of Tintic oro
bodies too long to worry a great deal
ovor the temporary embarrassment on
tho ISOO-foot level, began to throw
large blocks of Lower Mammoth stock
on tho market, breaking the prico
down, as could have been expoctcd
under the crudo methods employed. But
better things arc in storo for tho
Lower Mammoth, .'mother dividend
payer for J907, thanks lo tho dis
coveries of ore. on and above tho 1700
foot level and to tho present develop
ment on tho 1800.
Old Tlmors at Work.
While new conipanies woro spring
ing up everywhere, owning ground in
Tintic that had not been considered
worth having for years, tho old-timers
did not pause iu "their work off well
doing. It was deep work for them,
and they more than maintained their
records. The Contonnial Eureka was
tho largest sbippor in tho district aa
splendid valuos aud extent of ores as
greater depth was gained in the shaft.
Ono of tho main featurcfl of tho Tin
tic yoar was tho find of some re
markably rich oro on tho Mammoth
company's ground. This rock carried
gold, it caino from the deepest levels,
and no shipment from the greatly adver
tised State of Nevada could equal it
for richness. Tho Mammoth company
shipped several cars of this rich oro to
tho Salt Lnko market, tho best car
bringing in the sum of $100,000 or bet
tor. Had this car come from any Ne
vada district it would have boon accom
panied by" bras9 bandit and much clamor,
but as it was tho car slipped quietly
into tho yards of the. sampler, thon to
the smelters with very littlo ceremony.
Tho Mammoth emphasized the return of
old-time form during 1907 by the re
sumption of dividends.
Dividends Wero Steady.
Dividends woro paid during the sea
son by tho Grand Central and the Vic
toria, both ( organizations boing activo
in sending in their precious rock to the
greedy furnaces of the smelters. In
Novembor tho Grand Central was forced
to discontinue its shipments owing to
the closing down of the Bingham Con
solidated smolter, to which company tho
Grand Central was a steady customer.
In tho face of thin iiiitiniely crisis in
the affairs of the company dividends
wero not stopped, for tho company had
a sufficient surplus in tho treasury to
pay threo or four months' profits 'even
though classed as a non-producing com
pany. Arrangements will bo completed
for the raarkoting of this ore on the
this company has within its lines a groat
extent of territory which has been
shown by deep work full of promise
yet within its lines are hundrods of
acrps of ground not .yet touched, but
which should prove of immense fu
ture value to the company. Dividends
were agreed on lato in tho year 1900,
but the rate was too high to" be main
tained with any degree of certainty
by tho organization. To the stockhold
ers of the company, who met in annual
session in the past year, President John
J. Daly explained the cause for the
stopping of dividends for the time be
ing. Tho causes were improvements and
additions to the equipment, difficulties
met with in getting the ores from the
mine to the railroad tracks during the
winter months, and the lessening of tho
shipping grades of rock on the 1500-foot
level into that of milling grndes, which
necessitated a greater increase to tho
milling capacity of tho company.
The past year, therefore, has been
utilized by the managemont to bring
the nunc and its accessories round into
condition to meet new developments.
The mill has boen increased, thus as
suring the treatment of a greater ton
nage in 190S of milling grades of ore,
and the main working tunnol ha3 been
equipped throughout electrically. With
theso additions made to tho Daly
Judge company, and with tho comple
tion' of the present plans of develop
ment work, and with the return of nor
mal jinancial and smelting facilities in
tho land, the Daly Judgo will enter tho
dividend list again with enso and per
manency. No one knowing tho vast
extent of its territorj, anl the splen
did manner in which the mine has re
sponded in thoso parts already sounded
by workings, doubts the future useful
ness of the companj'. The past j'car.
while not seeing a' great addition of
cash to tho pocketbooks of the Dalj'
Judgo stockholders, has witnessed tho
rounding out of plans to make the mine
and its accessories perfect for future
achievements, with a comfortable sur
plus continually being added to tho
companj' purso to moro than relievo all
from worry, and which will help swell
available funds for dividend purposes
in the future. For the companj during
tho past season has boon a generous
earner of profits.
Dalj- Judge history was added to in
1907 bj' the fact that President, and
Manager John J. Daly, the guiding
spirit in tho organization from its first
moment of existence, jircvnilcd on tho
directors to accept his resignation, so
long urged on account of bnd health.
The relaxation of a trip to Europe
adjustment of smelting conditions in
the Salt Lake valley, and tho Grand
Central can bo looked to for a continua
tion of that prosperity that has char
acterized the organizaiion for so mauj
years.
Headed by Jesse Knight, the Black
Jack assumod additional importance in
1907, and a deal was consummated bj'
which tho Black Jack and the Star
Consolidated companies were brought in
under one roof. The Black Jack, after
a reincorporation with a logical in
crease in tho amount of capitalization,
becamo the holding companj for these
two inincs, and results alrcadj are bo
ginning to bo placed 'on record. The
Yankee Consolidated companj' likowiso
consuinmated a deal by which its boun
dary lines wore widened iu the past
season, and this companv in its re
vamped state can be. looked to for moro
meritorious results and dividends in
timo to come.
Tho Gemini, Godivn and the Euroka
Hill companies, all very close corpora
tions, maintained their records for the
vcar as successful producers of min
eral, tho Gomini and liureka Hill pn.y
ing tho sum of $100,000 each in divi
dens in 1907.
There aro other mines in tho Tintic
region that are deserving of mention,
but their successes arc to bo confined to
tho future, and their story belongs to
tho future. Among them "aro old pro
ducers which, at depth, are scheduled
to accomplish something worth while
at any hour. Thcno aro such properties
as tho A jnx, Swansea. South Swansea,
Carisa, Victor Consolidated and others,
while such newcomers liko the Tintic
Standard, Tron Blosson, Sioux Consoli
dated, Crown Point, East. Crown Point
Consolidated, Golden Chain, the Addie.
the Selma and others will respond in
190S.
Scranton's Success In 1908.
Amqug tho numerous properties of
the Tintic soction that are deserving
of spccinl mention is tho Scrnnton, over
in what is termed North Tintic. Tho
Scranton has been a regular shipper
of zinc, siilvcr and lead ores during
1907. It is a verj close corporation,
no one knows just how much tho prop
ertj has accomplished during the soa
son. but overj'onc is certain that its
dividend career can not bo much long
o." delaj'od.
This, in brief, is what Tintic. line
done during tho past year. The entire
camp came forward with developments
that far Hiirpassod all expectations.
was grcntlj' beneficial to his phj'sical
condition, anil he returned to his Utah
home a new man, whore he can be
closer to the mine which bears his
name. Mr. Dalj' naturally has Ipst
none of his interest in 1 ho property,
and makes frequent trips to the same
that his experience and knowledge of
tho property maj be felt as of old.
Zinc Ore Treatment.
Mention of tho Dalj' Judge, reminds
'one of the fact that this mine, along
with others, has a Kromcndous ton
nage of zinc ores, both underground
and on dumps which have been useless
heretofore on account of the inability
to bring them to n commercial form.
Local smelters could not treat such
ores, and freight rates to the Eastern
zinc smelting fields precluded their di
rect consignment Co' tho markets. Lato
iu 1907, the Grasscelli Chemical com
pany of Ohio entered the Park Citj
field for tho express purpose of rescu
ing this ore from the dumps' and en
couraging its extraction from deop lev
els. This companj proceeded at oneo
on the erection of a zinc concentrating
plant which will take theso heretofore
undoslrablo ores and bring them into
idoal shape for tho market. This plant
is boing rushed to completion, the
foundations all beiug in, and the ma
chinorj either enroulo lo Park City
or subject to shipment on wire. Tho
new plant will bring thousands of tons
of zinc oro into trade, and manj' hun
dreds of thousands of dollars jnto the
tieasuries of Park Citj organizations,
none of which will bo more benefited
than the Dalj Judgo.
Scott Hill Minos.
Within a short ride of the center of
Park City is the richlv-mincralizcd sec
tion known as Scott Hill, the samo be
ing located on the Big Cottonwood side
of. tho divido between Big Cottonwood
and Thanes canyon.
There are four or five different or
ganizations within this area that are
now accomplishing exactly the right
sort of development work. Heretofore
Scott Hill as a section has boen pro
ductive of splendid ore from verj shal
low levels, but onough work was done
to demonstrate the strength of tho ore
bodies, and the fact that thej- would
extend deeply. Never beforo in tho
history of Scott Hill, therefore, has
deep development work been attempted,
but at tho present time there are three
or four deep tunnels which arc all being
sent forward as if no such thing as a
financial stringencj' existed in the land.
Among tho companies at work may be
mentioned the Copper Apex, the Scot-
tish Chief, the Iowa Copper and the
West End. The Silver King Coalition
company likewise is sending forward
the Alliance tunnel into tho heart of
the reeentl.y-nequircd Odin ground,
which really is considorcd part'and par
cel of tho Scott Hill portion of the
camp.
Within the lines of the Copper Apex
group arc eleven claims, the companj
being a corporation taking over the
Brown Mining company's possessions.
Under the care of Superintendent D. G.
Scott, the Copper Apex is running a
deop tunnel to gain a depth of from
300 to -100 feet below the bottom of tho
upper workings, in which some extreme
lj fine showings havo been made, in
tho pa3l. The oro is making exclusively
in the lime formation, and making in
strong chutes. In the bottom of the
old incline tho management Home time
ago opened up a chute of ore ranging
from three to six feet in width, which
averaged 24 por cent lead, Hi ounces
silver, and 10 per cent, iron to tho ton.
This ore has been left undisturbed, the
management being desirous of explor
ing tho ground rather than stope out
tho oro as encountered.
Becentlj' a new incline was driven
fo a depth of 150 feet, from w"hieh a
drift and other workings were com
menced to open up oro chutes. A vein
was encountered by this work which
gave-averages of 20 per cent lead, 10
ounces silver and 10 per cent iron.
Somo of this oro taken out through
development work was shipped, also
somo rock running 12 per cent copper
and 10 ounces silver was shipped dur
ing the past summer, about 200 tons
in all. The Copper Apex, therefore,
knows thai its ore chutes are of a per
manent elu'tracter, and the deep tunnel
coming ;n under the present workings
will reach the logical point earlj in the
coming season.
Deep Work Under Way.
The Scotrioh Chief companj- is an
other organization that is sending in a
deep tunnel to tap ore bodies demon
strated to exist above. The eompanj
has made several shipments of rich ore,
the rock carrj'ing as high as 40 per
cent lead and 40 ounces silver to the
ton. The deep tunnel is to be 1500
feet in length, and it will gain a depth
on the vein of several hundred feet be
low the upper workings. This work is
being done bj' contract, and as much a3
100 feet a month is the progress being
made.
The Iowa Copper companj is driving,
a deep tunnel also, the companj being
in splendid shape to rush work during
all the cominc winter. This property
has boon productive of some extromely
rich rock, some copper ore running as ,
high as 40 per cent. The. West End, 6
under the personal direction of George
Hall, is pushing development work,
seeking a fine depth on some of tho
most attractive surface enrichments one . t
would want to find. All this work will
be diic with results early in I90S, and
until thon Scott Hill can bo looked to ?S
for ?, continuous and energetic cam- U
paign nf. exploratorj 'activity. rj
There, are other properties in the 'j
Pnrk Citj" ucction that are still strug-
gling for recognition, tho operators A
bringing to bear on them all the dili- !lj
gence and experience that goes to jl
bring success. Among these Bhould bo .3
mentioned the Little Hell. West Quincy, Id
New York. American Flag and others 1
f-CHitcred through the hills here and 13
There. Success will attend all in time, II
for it takes time and patience to make If
mines. j
Active AH Season. I
During tho past few months, when j
the mining districts of the State were . II
Buffering from tho financial and slock . jj
panics that shook the whole world, Bf
when Binghsini was reduced to a more ,WMC
i skeleton of its former active self, and If HE
when other districts were closing down POt
their mines, and when tho whole State m
of Nevada was paralyzed from these lUB
causes, tho old camp of Park City, fm
called dead a .year or so ago bj certain jiff
iinprogrcssivc circles of the State, kept Wt
right on in tho even tenor of its way,
shipping its ores and piling up dividend . If
material as if no such thing as a iinan- VI
cial calaclasm was wringing blood from )B
the veins of the nation. And no camp U
begins the year with brighter prospects
for uninterrupted activity or dividend fffi
distributions than Park Citj. jH
The .year closes on a camp where iK
peace reigns, and whore the miners rc- !.K
ceivc good wages, recontlj- accepting a !M
new wage scalo which reduced some A
lines of work, and which raised ' jS
the value of other work, for the camp W
never before has had a uniform scale K
of wages. This new wage scale was a W
natural conclusion to the great drop in K.
all tho metals which Park Citj mines S
produce. High wages evcrj'wirore fol- 9H
lowed the rise in metals, and wages ft
ncccssarilj had to follow the destinj- 'VW
of the metals in thoir downward course. ink
Late in the past summer the miuers Rw
voted praclicallj unanimously to end n
the . strike that" they had declared Jfll
against the various Bamberger prop- fflR
ertk-s, and not a cloud remained on ulU
the horizon to cause a fear or worry for vlfil
the new season. TfB
Down in Beaver County 1
!
No section of mineralized Utah be
gan the closed season with brighter
prospects than the various sections of
Beaver countj-, where mineral is founcL
And there aro many spots in tho countj
that havo produced, and arc capable
of producing, their millions of mineral
wealth. Tho year 19015 ended with
tho famous Ncwhouso mine one of the
most spectacular propositions in all tho
West. This proportj', a failure under
various ownerships up to tho time Sam
uel Ncwhouso stepped in with his un
limited capital, under tho experienced
hand of the latter unfolded into a cop
per mino moro brilliant than which nono
other could boant.
Local circles joined with Boston, New
York aud London in their confidence in
tho Nowhouso, and hugo blocks of the
stock exchanged hands for months nt
continually rising prices, until the slock
touched nbovo $22 a share. The com
pany was enabled by tho splendid de
velopment of vorv rich red metal rock
on the 600-foot lovel nnd up to tho
300-foot lovel to make an unprecedent
ed record in marketing its product.
Plans to increase the capacitj of the
concentrating plant fully one-half wcro
abandoned early by the officials, for
the reason that the work as it pene
trated tho oro bodj' found an over
increasing percentage of copper to tho
ton, rendering a larger mill unneces
sary. Tho world woke up to tho fact
that tho Ncwhouso was becoming al
most exclusively a shipping proposition
from ono end lo the other.
Future Scemod Bright.
Filled with enthusiasm, as onlj such
magnificent disclosures can inspire, tho
officials nf the companj- mot for the
purpose of determining on tho rate of
dividends this mine wn3 capablo of
maintaining. Thero was no cloud on
the mining horizon at the timo of this
meeting, everything was in ideal condi
tion as far as could bo seen at that
time. Copper was well established, it
wan thought, at around 20 conts por
STOCKTON MINING CAMP
Tho mining camp of Stockton, over
in Tooelo countj. has just closed a verj'
unsatisfactory season, lis leader, the
Uonerino, proved oue of the genuine
disappointments of 1907 in Utah min
ing, and it consoqueutlj' was a keen
disappointment to tho Stockton section
espcciallj'. Somothing is wrong with
the Honerino, although no ono knows
just; oxactl.v what it is or tho remedy.
Tho companj closed down rccentlj
aftor going forward for some timo on
monoj' furnished by tho stockholders.
Another asaessmont has boen levied,
and for 40 conts a sharo, soon to bo due.
Prcsidont Baird recontlj- stated that
tho noncrino companj- would, by vir
tuo of this assessment, bo ablo to pay
off tho old debt and to bu in a posi
tion to placo through a giant consolida
tion of tho Stockton mines with the
Honerino as the nucleus. These mines
ma.y bo the Honerino Extension, South
port, C,yclono, Black Diamond and
others. Mr. Baird stated that the Hon
erino companj- was cortnin that tho
greatest resources of the propertj' wero
below the present tunnel level, but first
the drain tunnel would have lo be sent
forward a greater distanco iu order to
tap the formation which formed a dam
to hold tho waters of tho district. I.t
was necessarj' to seouro all thiB water
beforo beginning lo drive anj' deeper
after oro bodies, and it was also acc
essary to own tho properties bo.yond in
order to handlo tho water in a proper
manner. This consolidation mnj bo per
fected this now year.
Earlj in tho pnst soason tho Hon
erino dropped tho leadership to tho
proposition called tho New Stockton
Mining and Milling companv. This or
ganization has one of the most thor
oughly dqvelopod mines in Utah, and
the addition just made to its concen
trating plant brings to the aid of its
management ono of tho most complete
little mills in the country. The New
Stockton companj has boon ono of
tho most activo "organizations in the
Stalo, and should be ono of Utah's dividend-payers
boforo 190S onds.
One of tho real surprises of tho sea
son at Stockton was tho manner in
which one of the newest organizations,
tho Southport companj-, showed up on
development. Manager Alexander has
said nothing about this proportj- for
tho reason that ho deemed tho timo
not ripo for giving forth his secrets to
tho world. But the Southport has boen
probed sufficiently to show that within
it3 lines lies a big mine, it being mcrolj'
u question of development to bring
thoso resources to light. A great bodj
of iron ore was opened up for quite a
distanco, and investigation of tho samo
during the new season will undoubt
edly bring forth results of much im
portance. Stockton noods tho prestige that the
morits of tho Honorine companj- should
give it A. consolidation such as planned
will go a groat waj-s towurd bringing
about this happj stato of affairs. Un
der the existing conditions tho proportj'
was going from bad to worso apparont
lj. Consolidation muy be tho koj to
tho Honerino chest of good luck, "and
no one city in tho country would re
joice moro sinccrcl.y if this proves to bo
the case than Salt Lako.
pound. Tho directors decided that the I
Ncwhouso could pay 50 cents a share
per quarter, or $1,200,000 a year, and
the first quartcrlj' dividond of $300,
000 was posted.
Then copper began to slide down t;c
scale. No definito basis for the metal
could bu found cvou among those who
are acknowledged students of the red
motal situation'. With the slump in
copper came the ordor from tho smelt
ers, loaded up as they wero with an
accumulation of high-priced copper ore.
that all Utah copper producers must
contribute their sharo in reducing the
amount of ore sent into tho channels
of trade. Like all others, the Now
hpuso was a sufferer from this condi
tion, and it waF only to bo expected
that tho mine had to close down entire
ly. Toward tho close of tho summer,
the Nowhouso reduced its shipments.
Onlj- a few men wcro maintained on de
velopment work.
Shut-Down a Calamity.
Those who know what the real con
dition of the mine was and is can ap
preciate tho tomper Mr. Ncwhouso and
liis associates were in when the order
to cease operations was given. Here
was a copper mine dovelopcd onlj- in a
eomparativelj' insignificant manner,
when compared with the acreage with
in itH lines, showing oxtromelj- rich red
metal rock from the 300 on down to
tho tunnel or 000-foot level, and with
between ten aud fifteen years' supplj'
nlreadj available. And even then be
tween the levels mentioned tho real ex
lent of tho oro was unknown. Work
being oxlended to the 700-foot, level, the
oro bodj' showed up enuallj' as largo aud
rich as abovo. Each week of work
added a month or more of eonper oro
supplj- to the grand surplus. It was a
blow to tho companj'. and it was a blow
to the industry of the State. Tho
slock, i ix touching record low lovols,
struck innumerable stockholders cruelly,
but all realized that tho blamo for
such conditions must necessary rest on
conditions which at ruck indiscriminate
h' ovorj'whero throughout tho mining
and financial world,
Horn Silver Closed.
Close bj' tho famous Ncwhouso mine
is tho Horn Silver, a mine that has
produced a great many millions of dol
lars' clean profits for its stockholders
from the largest ore bodj' over found
in the State of Utah. Tho Horn Silver
mino has not outlived its usefulness, but
ils grade of oro had diminished to a
point where tho smelters wero forced to
rojoct il. So the old Horn Silver, hav
ing pH.vcd its high cards, was forced
to withdraw from the mining game for
tho lime being. Tho mine was closed
down. Experts agrco that within tho
limits of this group thero are numer
ous j'ears of usefulness .yet in store,
but confronting tho management was
the problem of bringing the vast ton
nage still within the mine to a condi
tion where tho smelters will not refuse
the rock. There is a metallurgical prob
lem for the Horn Silver companj to
solve, and somo think that with tho
return of normal smelting and finan
cial conditions throughout the land tho
companj' will bo able to begin market
ing its ore as usual.
North Star District.
In tho North Star district the Cedar
and the Talisman companies both re
corded good results during the j'ear, al
though bot h aro si ill in need of the
snme old prescription, moro depth, llich
ore bodies at shallow depths make a
mining companj' lazj', just ns casj
money makes a .youth overlook the bet
tor things that "lio doeper in life. The
character of tho surface workings in
the Norlh Star district and the re
sults go to show that the resources must
respond generously ns greater levels
nro obtained. It is to bo hoped that
the coming j'ear will find these com
panies down to the 1000-foot level, if
need be. to provo the pcrmanencj of
that section.
Star District.
Tho Star district is anothor portion
of the camp where depth is re.quirod.
But in this district operators arc go
ing down in several placos. Tho Mos-
cow Mining company, formed during m
1907. and composed of the famous Bum- 1
ing Moscow group aud others, has do- II
velopcd a splendid tonnage of ore on M
tho lower levels, but the addition of Hj
adequaio equipment to the group has ' U
taken longor time than contemplated
by tho management. So, while ship- HQ
ments have been coming regularly from t$m
this company, the record for llie past. f ' fl
year will be a small ono as compared ill
with what the company can accomplish M
in the coming twelve months. The Mos- i 1
cow ore. in addition lo being in abund- ""' 1
ant quantitj, has the advantage of be- (' 1
ing rich. JJ
Tho Commonwealth companj is an- I
other Star district mine which'is show- 1
ing up splondidly with depth. This or- IV I
ganization nf Salt Lakers is bringing j'3
to light some vorj- fine copper and sil- : m
vcr oro in its lower workings. The ' H
Commonwealth is a eomparativelj- new J I
companj', and will begin registering I I
moro substantial results during the fQ
new j'ear. . . ; n
The Star district holds moro activo M
properties than any other portion of IH
Beavor county. Tn addition to the two j EM
abovo mentioned, the Hub, tho Elo- j H
pliant. Progressive and numerous oth- I jfl
ers make up a verv bnsj sceuo during J I
the season of aclivitj. Several havo v H
felt the financial stringency to the ex-
tent of closing down all aclivitj for a jl
part of last season, but with "the re- jj
turn of confidence they should find no
difficulty in interesting capital in the IB
development of this rich portion of the j 9
county. One discovery of tho past sea-
son was the Ilccla nunc, a proposition ' BJ
that Salt Lakers picked up lato in am
tho J'ear, and which becamo a shipper BJ
from grass roots. Tho Hocla promises u
big things during the coming sea- B
son. fl
Farther over in the countj are tho U
Revenue, the Pine Grove aud other prop- ll
erties closo together which aro of splcu- JliU
id promise, but which have failed dur- Ua
ing the .year to produce ns oxpecled on III
account of lack of activity. The Pino IH
Grove district has been demonstrated A n
to be rich, but it takes work to bring la
out results. It. is thought that the ) j
coining year will find this section of ijlllj
mo ritnie :ii woric earnest ij- enaeavor- hi
ing to establish its right to a reputa- ill
tion. HI
New Organization.
Adjoining tho Ncwhouso mine tho . jj
Indian Queen Consolidated companj i
has a propertj whoso merits arc con- In
ceded bv experts. Headed bj Jesse ffl 1
Knight. Dave Evans and Lorin N. Mor- fcfa
rison, this organization early was suf- . f'
fioientlj financed to wade, through tho ll I
past few months of hard times with- vfij
out stopping to dry its feet. The com- 1st
pain is at work driving a tunnel into I
an " onormous fissure, which contains J v'
splendid values. Beforo the tunnel got jj I
under cover, sovoral stringers of lead- '
silver oro wcro tapped, and much is .N, a
expected from this property in tho hWi
coming season's work. X&wti
Just recently the Cavo mino passed llSS
into new hands, aud with the resump- ftff
lion of work in earnest on this noted. ijfiJj
group, somo verj honorable history is QflPH
certain. The Cave is an old producer. Himu
and the showings at present point to the ' -rlluj
fact that a deep tunnel will drive in UElr.
under u largo iron ore bodj. which i S
caps a splendid collection of resources, rtlf w
opening up a bauner chute for tho new It j?
owners. ft flt
Thero aro other very promisinig prop- jf
erties in Heaver comity, all under pro- - jl )
cess of being sounded for their min- j
eral wealth, and the coming season X3 ff ?
expected to brine: forth results equal to Mti
expectations. Everything now is wait- "it
ing for the financial clouds to roll away, j!
leaving a clear sky for cheerful dis- n ,t,
posit iona on tho part of those who hold I f
tho strings of the Nation's purse. With B
tho settlement of copper where it bc- V M
longs, tho Newhouso and other mines H j
full of copper ore can find a ready m flf
market for their product, while confi- ' ' 5
denco returned to the land will provido In
amplo capital for going ahead with ,1 a
Beaver county cxploratiou. Tho New- jL H
honse. just within the past few da.ys, fi J
lins add od groatlj to its working force, " Pr?3
aud the new j'ear opens Avith great?.- fin JI
nromise for this section. -t ' Wfjf
' ' if "-'I
vBBfl