Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-06-29

down to 03 cents per ounce before the
end Of he month, received its
fulillment today. The price in New
York IL quoted at 82 cents. This
means so cents In Salt Lake.
Today MT. Stout, cs,hier OF the Utah
National bank, said that these were
the closest financial times he had wilt.
messed In his long experience. lie
we'll remembers tue great financial
panic OF 1873, and says the present has
far surpassed II. Then Il was over In Il
comparatively short time.
INDIAN CREEK MINES.
gpcclui Corcspoad demo, q M NEWS.
BEAVER, Utah, June 20.--I visited
the lnuiau Greek mines ON Friday,
saturday and Sunday, and report
heir development, quality ami
quantity OF ore bodies, anu other items
tuat will d0ubtless Interest the numeT-
Jus readers OF the NEWS. 1 lett Beaver
on Friday morning. travelling east
about one mile toward Ft. Cameron,
thence diverging " the nUrth for six
miles, and crossing North Creek at
Sucpnefd's inrm. Here | climbed tho
North Creek bench for about one
hundred aud fity feet anu traveTsed
IT'S beautiful aud level plateau,
through n continuous forest or white
Ctdafs, with occasional punches Of
pinlon pine, travelling In n northessterly
course for three miles, brought US to a
mall canyon, running mt the foot and
south side OF sheep Rock. This latter
ituminent land mark stands out con.
go cuOuely and la striking contrast
with the hills for miles south and
north, M they break 10 the level OF the
North Creek bench"
Passing up the small canyon near
the southern base OF Sheep Rock for
lew hundred yards, we came 10 the
camp Of Mr.. J. q. Meade, Of Chadron,
Neb The gentleman Ia one OF tie
unin owners OF the Cromona group.
On making known the object OF or
visit he promptly and willingly re.
questCd ono OF his mon 10 guide us 10
10 properties, saying "Let them see
Oh the tunnels and cuts, and what ores
We nave taken out, 50 lie can tell the
truth about the claims.O In ten
minutes climb over hills
spfinkled every few rods with
hJnt quartz we stood In front OF a
ledge VI gold aud silver bearing quartz
which IN easily traced by prominent
oroppinge and boulders for 600 feet,
showing the trend OF the ledge " be Is
degrees east Of north.
The main tunnel IL now In 100 feet.
In n due easterly course, and $50 feet
south from the discovery monument,
which culg several spun and feeders OF
spar, but Ia mainly In periphery and
quartz. Two distinct lodges ELK to ten
ieet wide, containing good paying ore,
were crossed In this tunnel, tue width
OF both narrowing from tho top OF the
tunnel to the bottom. As this IA A
"oontact vein" between quartz aud
lime, Mr.. Meade IN confident Of striking
the main ore body In the lower tunnsi
at 100 feet from the mouth, which is
IOO ieet below the upper tunnel Just
described.
In NIL, there are seven cuts and
tunnels on the CTcmonA, all striking
within n few feet OF the euriace--tns
breast OF the outer ledge-ihe rock be-
Ing protusely fiecked with black sui.
bhurcts and free gold, averaging from
Sss TO $500 per ton. One assay made
On piece OF rock found at the diHcov.
cry monument went as high ms s2O68.
A. this point, pretty well north on the
claim, a perpendicular cliff OF mineral
quartz Rises out from the brow OF the
niil from ten to twenty feet, and ma Il
now Stands exposed with only eight
0r ten days labor on II, shows n breast
OF gold bearing quartz, twelve feet
nigh and four 10 six Wide, assaying
from $40 TO 500. A Mr.. Terry, Of OK.
tenHive mining experience In Colo.
RADIO, broke OF from tho breast OF
quartz ust referred to n piece of rock,
which assnyed In Salt Lake a few
weeks since S247 gold ana fifteen
ounces In silver.
There are five other claims embraced
In this group, and adjoining on the
north and south, via; The August,
bamboo, Extension, Great West anu
h0ouooj the owners and lOcalOrs being
j., q. Meade, VIM. Campbell, John
W. Chandler, Oscar Borglund, Newton
Hlll and James A. Hin. Day and
night work In being prosecuted with a
force OF eight anu ten men.
About 1000 feet from the Cremona
tunnel IL good spring Of running
water, sufficient for all culinary puf.
poses. and by reservoirs and tanks
plenty can BIO had aud piped to the
mine for hoisting purposes. Mining
tlmOer IN In abundance few miles
east, ON this hills above, and thousands
ui acres OF cedar aud pinlon pine ex-
'ehu Tor miles TO the west, north anu
h uh.
Abou, half way between the Early |
81 lhin+ ami the Cremuna Rroup anu
abIdt 1000 feet east of the latte 4 M n |
'hIl that has been worked at iuter- |
walls lur Two or three yenrs past by IN,
iwicNhe.l Bros. OF Indian Creek.
~ inr very good PIPER ore Is here on
vac "ump IN which, by reducing In
wy mortar and washing In half.horn,
latueles OF coarse gold n seen. This
ululh ~ by no means ga hole In the
h'uuhli" and ~ tue camp Ideye lops
'he shNt will be deepened. as Tie
u"Heis h0dding Significantly say,
re AnoW what We have thefe,D
ueVlhg tue CromOun group and
|N'elng In nOrthwesturly Direction
II hNe or six miles, we came 10 the
''usy boe, but TO the right ANA east OF
N' IohuLw passed some twenty Chains
',uehtly located, nearly all OF which
10 now being developed by shaits.
gHheia anu cuts ona continuous linu
HuNtA groupings anu bluffs stand.
WI oul prominently at intervals from
huuIfed yards to u quarter and
r Z a. mile apart.
nc, oendlng from the level OF the
,gnunl we suddenly dropped into "A
laIiow gulch running from the noun.
, ,'1l On tho east. LIS course Is n little
'o.,h OF west from where we enter n
~ us Junction with Indian creek. A
NV, hundred yards below. Here we
'NoA tho main tunnel OF the Busy
''e, when we entered and found 10 b,