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

of ore sold in this year s17.71 per ton less
than the previous year, or to the
f tai PRODUCT salS 6 year ss7 ~ It's The S6
Globe Smelling company at Denver
and the Con. Kansas City Smelling COM
pany, at Leadville, reduced the Crescent
output to bullion. A large amount of
prospecting and dead work has been done,
the following being statement of the
same, not including that done by the les
see Of the upper works:
R Raisss run .-.-'-- '9 gSS f feet
Main shaft sunk (three large
compartments)- ........ u feet
Excavations at 4OO-foot level. 511O cubic feet
Ground stopped. .2224 43 cubic feet
The Crescent company has large block
of grounds which development has
proved to be very valuable. The vein,
which extends through the property for
1000 feet, is large and Yields both first and
second class ore. 1t is from thirty to fifty
feet in width above the 200-foot level, but
as depth is gained it narrows gradually to
about ten feet in width, the ore becoming
richer with depth. Like all other large
veins in the Park, it yields water as we'll
as ore, which, in the past, has given a
great amount OF trouble. Connections
were made year ago with the Hanauer
company, and the works drained to
depth OF 400 feet. Developments on the
400-foot level proved that a greater
depth would be needed to work the
mine successfully. An attempt was
made to effect arrangements whereby the
Alliance tunnel could be used for that
purpose, which was unsuccessful, so the
company decided to take the matter in
their own hands. At the meeting in
October President l.. II. Whitney an
nounced that site had been secured for
a deep tunnel that would tap the mine
1 400 feet lower than the present work
ings, thus declaring the policy of the
company. With this in view an assess
ment of 10 cents per share, amounting to
$4,000, was soon after levied. Final sur
veys have been made and it will not be
long before active work on the tunnel
will be commenced. 1t will be 10, 600 feet
in length, which will make it the most
important enterprise. next to the Ontario
tunnel, ever undertaken in the park.
Tapping the Crescent at enormous
depth, passing through an extensive un
developed mineral country in which
it is confidently expected several fine
veins will be cut, and its possible extern
sion beyond the Crescent, there are Won
derfal possibilities in this tunnel and its
contamination means not only prosperity
to the Crescent company but also for Park
City.
The oSher properties of the company,
the concentration and the tramway, are in
good condition, but their continual oper
alton in 1898, as well as that of the mine,
Will depend largely upon the condition of
the lead and silver market.
THE SILVER KING
Is one of the big mines of Park City. and
last year at this time it was only a prop
erty with good prospects. Messrs. David
Keith, John Judge, Thomas Kearns, A
lessees of the property, having also a
bond on it for $65 COO. They had then
spent a number of thousands of dollars in
sinking a shaft aud other work without
any remuneration. In the early part of
the year the vein was cut in drift to the
south and the sOught-fOr object realized.
/ They had been running for the May
flower vein which had yielded them
such handsome returns only a short
distance away and found it. On April
they paid to Cornelius Mclaughlin, John
/ Far sn, w. HI. Dodge and Martin Nc
! Grath, the owners of the King, S650 GOO
and took up their bond. Extensive i'm
proyements were at once planned, which
| have since become a reality. A shaft
house 40 by 80 feet has been erected, and
( in this has been placed one OF the finest
hosting engines in the western country
1t is a two-cylnder Corless engine, with
| 20 by go inch cylinders, and was manufac-
tured by the NJ. G. Bullock Manufacture
ing company of Chicago. 1t is similar to
the Anchor, with one exception, the An
Choir having fuction clutch and it jaw
clutch. Two sets of large boilers are To-
Gated back OF the shaft house in 40 by 55
boiler house. Other improvements make
the Silver King one of the best equipped
mines in the Park, and, for that matter,
in the country. The cost OF all this work
has been 800, 000-
The shaft is now 925 feet deep. Two
drifts run from this vein, one at the 800
level and one at the 900 level, embracing
seven claims. Sept. the property was
incorporated, the capital stock being
placed at s., COO, COO, divided into 80. 600
shares of the par value Of $50. David
Keith is president and manager of the
company; Thomas Kearns, vice presi-
dent; W. V. Rice, treasurer, and a. B.
Emery, secretary. These with two others
control the stock. Thomas Kearns is
SUPERINTENDENT. The company employs
eighty men and has an average monthly
pay roll OF S13, COO So much for one
years work. The mine may be said to be
Just now in condition to commence pro-
ceeding. The next year will see the Silver
King not below any other mine of the
Park in the value of output.
THE MAYFLoWER.
has kept up the heavy shipments, which
made it one of the leading mines of the