Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-02-28
MINING AND REAL ESTATE.
The Safe Works Likely 10 GO 10
BOualilal.
NEW COAL PROSPECT IN sANPErr.
Copper Find In Colorado. Realty Trans
fers, Etc.

fers, Eic.
Ii il probable that tho efforts Of real
estate men, combined with railway
advantages, will locate the proposed
cafe md vault worlB u McsHra. Htcfen
* Wyss at South Bounuul The
tract Of 50 acres offered there, with
likelihood OF bonus IN the
woy Of enough brick 10 erect
tho contemplated structure, the
uncxcolled railway facilities IN
that section, and the noarnols Of the
copper refinery In North s,lt Lake,
form a combination tsat Is alnicult 10
improve upon.
DAVIS oouErY ENCuANGE.
A meeting Of property owners vas
held al Bountl'ul yestsriny, ut which
& number Of those Interested In North
Salt Lake really were pr,a,nt. IL was
decided 10 proceed with sn effort 10
orgaDi1s q real ostate and property
owners association IN Davis county,
with view 20 bringing auuiactories
into that section.
MORE sASrEiE COAL.
Mt. Pleasau, lyyamid A. a.
Cahoou made Wet last Saturday 10
The coal mine Of CGhoon & Jones salt
OF Feirviow. M. JoGes Is supefiniend.
ing operations ut the mine, and H.
greatly encouraged at the result Of
development work. Tho tunnel 10
now la about siNty.fvs foot ON tho
vein, which keeps inotoasing Ia width
anu getting hsrderaud frightening APP.
The v.iuIis now thsac feet thics, lies
between strgtas Of clay and m q rock,
anu IL nearly level. Mr. CahOou aud
his partner feel very confident that
they have struck o true uaal vein, and
nru gushing operation. with great zeEl.
SGupole people arB watching tho de-
velOlment VI This property with much
intcTeBt, as it, gucce,s VIII prove thb
rxisiauCo oi good coal on this sldu OF
the ridge, aud menns cheaper article
Ia the market. a well.brosen road
now leads to the mine.
USrHUFITABLE ANGER.
At Central CITY, COLORADO, lnst Sat.
utday, John lnouiaY was badly Injured
while working In the irOnton NINE.
In cleaning Out n hOle that had missed
he got mad, and driving away with a
| Hiriking hammer on drill, explosives
that chung to the drill hole exploded.
| He got the fol- force OF the explosives
IN his Tree and eyes, the latter being
very seriously injured, 90 much ~
tint II Is doubtful whether he will
| over regain his eycsight. Thomas II
q married mGn, having vile nnd Elk
| children living in Cornwall, Englant,
who are depending ON aim Tor support.
COPPER FIND.
4 Grand Junction, Colorado dis.
| patch Gays. John J. LumBden Of this
city has just Returned from tho Sierra
La Sol mountains In the vicinity of
Sinbad valley. lie brought with him |
on pack animals 200 pounds OF copper
ore which sssayui rom SO {, SlOO per |
ton In silver and from 81 to 90 per cent |
Ia copper. Mir. Lums1en Representa- u
Grand Junction syndicate composed Of |
N. j. krusen, DR.. Eliriige, Joseph |
Beiser anu Samuel ii. Gleason. Tho |
company 10 now developing eight |
claims. II. X. kelchum Rnd George |
Barton have returned from the Henry |
mountains and Green river d!S,riots |
ana report that active prospecting h |
being done Ia tho gravel bars AT |
different poinB with apparent good |
success.
HOPEFUL FOR SILVER.
The last current circular issued by |
a. X. Chisholm 4 o., bankers anu |
brokers', New YORK city, has the FOL. |
lowing signiilCant language: The |
great reaction IL coming Against the
contraction VI the single gobi basis aud
the consequent shrinkRgs In values,
stocks ana tue price OF wage labor.
lhU gOldbugs want the sherman bill
repealed now, because they want To he
Ia n position to demand compromiss
with the free coinage party IN the
coming extra session OF Congress, but
MIR. Bland will insist ihst before the
Sherman act Is repealed the silver hui.
hon Ia the treasury shall he c3ined
nnd paid out for pcusions, and that ut
least $4,000 month be coined
thereafter. The new ADM nigtTation,
being Obliged TO lace d deficit in the
Treasury, must coin that silver or tax
whisky. AS the market 10 already
glutted with whisky, not q dollar
could I've raised on high wines for six
months 10 come. IL win thup be seen
that everything points 10 the coinage
OF silver, and the further restoration OF
the equilibrium between silver aud
gold. The "strain" on gold, II mt ne.
heved by the coinage Of silver, promises
10 result In gold iaminr, IA the
great powers are boarding gold, not
only ior war purposes, hut ns reserves
against the thirty-fvo billions OF debts
payable In less than four billions OF
gold. Ii III therefore evident this ooun-
Try 10 returning once more to the silver
basis AS well ~ the gold basis, and this
means u great rlse Ia values and stockg,
which have been shruuKea up Ia John
shrrman's iaIy furnace Of contraction
consequent Oh tho scarcity and In.
creasru purchasing power Of gold. We
expect 10 SEQ wheat back 10 dollar,
sud all the gRLelliles OF silver twenty.
five por cent higher win the coming
rise Ia silver on its recOinage ana en-
larBed use Us money.
a MINING SUIT.
The case OF Y. u. Thomas W.. Il, X.
Morfis, trustee, now on trial at Provo,
involves the ownership oi tho Almo {
mine, adjoining the Bullion Beck, ,
anu now held by that company. The ,
plaintiff claims to 10 entitled 10 the
property by reason Of prior loca ton.
NOTES.
Last Saturday man nnmsd Nj 4
chaels shot and Rlllel two Mgxlcsns ut {
iha pIArpr distrlct ON the HalEavan,nn