The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-01-01

WAat nOtS, which IS sending out to
the world daily, thousands of dol
lars worth of silver, is under the
management of Mr.. j. E. .Gai1fgher.
as mill foreman. and Mr.. A. NJ.
Grant, chief engineer, whose ability
and success are but further evi-
denceS of the penetration and bust
ness shrewdnesS of the Ontario
superintendent, who surrounds HIM
self in every department Of his
multitudinOuS affairs with able lieu
tenants. The genius. ingenuity and
skill Of these gentlemen are notice
able, rot only in the general
smoothness with which the
machinery is operated, but in
many little inventions and
devices which add to the effective
ness, the thoroughness and the
economy OF the mill. The wise lib.
erallty or the Ontario company In
| adopting improvements and ex-
perimenting to find cheaper and
more effective methods for reducing
| the ores, has resulted in perfectinS
many crude inventions and greatIT
increasing the capabilities and
completeness of the mill.
AS at the mine, so at the mill
there are clearinghouse, machine
shops, blacksmith shops, offices,
stOrehouses, ample supplies, cast.
IngS-PieceS Of machinery liable Ia
break, etc, business forethOught as
well as present needs being d
characteristic Cfthe Ontario manage.
ment. This fOrethOught or precau.
ton is specially remarked in the
most complete fire apparatus kept
ready for instant use at the mill. It
would be difficult indeed, for a fire
to gain such Roadway before being
discovered, as to get beyond the con,
troll of the appliances at instant
command for exCtnguishing it.
NOTES AND INCIDENTS.
The original owners and incorpO.
ratOrS of the Ontario retained the
stock, with the exception of sOm4
small lots awarded to friends and
now hold the bulk Of the shares. II
June, 1877, the mine was listed on
the New Y Ork Stock and Exchange
Board at $50 per share, and ha
never fallen below that figure
though it has since touched 81
The inst year the price advanced to
$50. and we believe has since beer
continuously above. Though it i
called on the board daily, there arr
remarkably few sales, for the Ieasua
that it is Onsidered in no sens a spec
ulative stock, but ratheran invest
ment, being held for the dividenG
which have been as regular ever
month since the first was declared.
in April, 1877. rs the 18th of the
month. The dividends have inYar.
iably been fifty cents per share
month, with now and then an extn
one thrown in, and one month thre
were declared. The dividend paid E
iuDecember was the seVenty-fourth
the sum total distributed TO share
holders being 53,975,00O The Onl &
mines in the United States whid s
have exceeded this record, are The
Belcher, which paid its last div
dend in April, 1875; California, La
in December, 10; Calumet & Heel
(Mich), still profitable to the sharr
holders; Consolidated Virginia, LAT
in August, 80; Crown Point, last
January, rs; and Savage, last i
July, 10. 1t will thus be seen thu
the Ontario. which has been payiE
dividends the last four years, ha
outstripped all western mines eI
cept those of the COmstock, AMI
from these the bottom fell SOM
years ago. For this reason and fG
the other fact that should no fu
ther development be made in tt
Ontario mine, there is enough or
in sight that is to say, uncover
or worked arOuLd-tO run the nj
to its full capacity for four yeas
the HERALD looks upon it as Ii
most valuable silver mine. to
appearances, in the United Stats
And we think there is every r9
son to believe it has long an
prosperous future before it. O.
course, silver mining is precarioG
always has been, and doubtless a.
ways will be. Only the large pr0is
that it promises in case of succS
will induce the risk that must 4
incurred. The Ontario manag
ment has been such as to inspS
confidence and thus reduce the Is
to a minimum. An evidence
the good faith and wise precaut1
in behalf of the shareholders is ST
in the requirement by the compa
of the following claims
jacent to and sUrroundEI
the Ontario: Switzerland, on II
east; Banner and Great Eastern,
the south; Mayfower, Central 8,
Keryin, on the north, and Isl
Chance on the west. Also pOrtic
Of the Henrietta. Rebecca, s
Gazer, and Monitor, on the west 3
southwest, as well as the Onta5
Banner, switzerland, and i
Chance millsites, and Is acres FT
chased from the Marsac cOmpal
upon which the Ontario mill no
stands. The aggregate cost of the
outside acquisitions was not le
than $3.50, 900 and the money b
certainly been well inyes.s
In January, 1881. the shares w
Incl eased to 15O,OJO, this being II
cessary to pay for the many gc
chases of property mentioned abOei
aud which have added so much
the real value of the Ontario pr
erty. The dividends were MI I
Of 49, ~ 4