The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-12-24


The Daily continues to keep up it's divi-
dends Notwithstanding the low price of
silver, and from all indication will not do
otherwise. The mine looks better than
ever before, and will be heard from dur
ing 1898 if given chance.
THE ANCHOR,
in extent of ground, is the largest prop
erty in Park City. The Anchor Mining
company owns siXty-nine claims, extend
ing from the DAILY West ground to a point
about onehalf mile east of Silver lake, in
Big Cottonwood canyon, the total length
being 12,438 feet. The capital stock of
the company amounts to $50, 600 shares of
the par value of $40, and is largely owned
in the east. The company was organ
lied in 1885, thirteen claims being put
into the incorporation. From that time
until the early part OF the present year
the company experienced nothing but
trouble and hardships in the efforts to
develop the property. One obstacle
thrown aside another arose and disaster
followed disaster. The stockholders had
unbounded faith in the mine and contin-
ued to provide the means necessary to
make it a success.
The first work of the company was the
erection of hosting works, followed by
Water prevented work and it was decided
to run tunnel $500 feet long to drain
the mine and which would cut the shaft at
dept of 1, 200 feet. This was completed in
1890, and though earring off an immense
amount of water, there was no decrease
of the amount in the shaft. An attempt
was made to drill a hole through
to the tunnel to let out the water
but failed. A good vein of ore having
been cut in the tunnel, the work of ex-
tracing it was commenced. At the same
time, a raise was started from the tunnel to
reach the bottom OF the well hole, IN or
der to provide an outlet for the water
above. Early in the present year the we'll
hole was reached and the object ac-
quired in one day, that was sought for for
more than two years, and for which over
half million dollars had been spent.
The old hosting works had been burned,
but new buildings and better machinery
took their place, and as soon as the water
was out of the upper works, sinking to
connect with the tunnel was started. The
shaft was sunk $50 feet this year, and is
now l, $50 feet deep, go feet below the tun
mel level. 1t will continue to be sunk I'M
til it reaches depth of about l 400 feet,
where it is expected the contact, lime and
quartzite, will be reached, that carries
the firstclass ore found about GOO feet from
the shaft.
During the year about $40 tons of sec
ond class ore has been shipped daily to
the concentrator, besides large quantity
OF firstclass ore, the amounts of which ap-
pear in another column. The output for
the year yielded as follows: Pounds lead.
5000, 918; ounces silver, 1896 $40; ounces
gold, 550
Prospecting and development work has
also been carried on. An incline was
started from drift about 900 feet from
the shaft, which follows the vein on its dip
and is expected to cut the shaft at a point
where the shaft will reach the contact.
The ore found here is first class and the
vein gradually increases in size. The Sec
oud class slopes have yielded heavily. but
still look we'll, there being plenty of ore
in sight.
The mine is thoroughly equipped with
the very best machinery. Underground,
the water falling from the 900-foot level
is utilized to run a Baker blower. which
supplies air to the tunnel Slopes. A Pei
ton wheel is the motive power. Enough
power is generated to operate an electric
plant which would light the mine and run
the cars in and out of the mine. The
putting in of such a plant is being
talked Of.
A pipe line was built last summer from
lakes on Anchor property, 5000 feet dis
tant from the shaft, and enough water is
supplied for all purposes on the surface.
A large reservoir holds sufficient guam
tity to protect the works from fire.
The concentration has been improved to
the extent of new crushing machinery
this year. The old rolls We're found to be
inadequate and Krow steel rolls were
substituted, resulting in the capacity of
the mill being nearly doubled. Mr.. W.
V. Rice is superintendent OF the concen-
traitor and Mr.. James S. Kescel foreman.
The Anchor company, until week ago,
employed $50 men. The force was then
reduced one half, the object being to re-
duce expenses by stopping prospecting
until there shall DE raise in the price OF
silver. With 1900 feet more on the pre-
sumed course of the Ontario and DAILY
veins those possessed by the Ontario DAILY
and Daily West, perfectly equipped
plant aud mine free from water, there
seems to be no reason why the Anchor
! should not become dividend payer in the
next year. Mr.. e. P. Ferry has been
manager of the property since the organi-
cation of the company, but on account of
! illness was compelled, some months ago,
to turn over to other hands. Since then,
Mr.. David Keith has been acting man
ager as we'll as superintendent. TO have
more experienced or better man in
charge would be almost an impossibility
THE CRESCENT.
The low price of lead and silver for a
number of months past has not been a
good thing for the Crescent company It's
| ore is principally low grade carbonates