Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-06-22
BUSINESS AND MINES
The City Unable to Dispose Of
lis Bonds,


HN bAhN hFhNh W. NNNHl''NN ~ I
bonds were to have been opened at
noon today, but when that hour came,
loi there were none to open. Nota bid |
had been put In by anyone. The
orders Issued by the great financial
houses Of the East, as noted
in tho NEWS come weeks ago, to their
agents to make no Investments In
western securities, had been complied
with to the very letter, notwithstaud-
ing the denial, at the time referred to,
by the aforesaid agents, that such
orders had been given or included Salt
lake.
The fact now stands thst the city
administration has 1880, 900 bonds ON
maud which II had hoped TO have
turned into cash In very short time
Instead Of that, the city is out lust the
amount Of ndveftl0ing the sale
VI the bonds ana incidental expenses.
The money was TO have BEEN ubed, OF
b, much thereof as might have found
ia way thither, for putting la the
praviiy sewer syetem. The outlook,
therefore, IL that this extensive inn
rDvement will be- checked for some
me Vt least.
IL lie underatood that Mayer Baskin
Us been advised that II mn extension
uf time be given for sixty days on
which 10 receive bids, some
son OF q figure will be put
M that may prove satisfactory
under the present eagcrness Of
,ur city council 10 secure money. IL
hat be the case, II Ia not unlikely that
jne extension will be promptly made.
The direct CAUSE OF the failure 10 bid
.a not one affecting the city's credit,
Tut 10 the extreme etringency OF lho
eastern money market. Other western
cities than Salt LIKE find themselves
"a tho same box just at this time. The
i,cs IN that money IL not available,
aud II 10 doubtful whether oight per
cent bonds could bo sold at tue present
iinclure In financial affairs.
PROM DEATH cANYoS.
!. J. Pe tigrow, an Cd Tintic
"a l-T, cane IN today from Death
,.,l mining district, we,tern Utah.
llt reports promising state Of affairs
vat d. trict. The ChipmAns, Of
A urls n Fork, he says, have some
50 y hne prospect.
the uRizzLY COMPANY.
T directors OF the Grizzly Mining
company were in session sthia after.
noon. They were expecting the result
nj the assay on samples from
the big strike In the Look
uut mine, ~ stated IN the NEWS
irsi evening. The assays are from
pitket specimens, and will probably
run higher than the figures already
tiver. The actual test will come,
however, when a car load Is sampled.
CLOSING MINES ny STRIKING.
A Wallace, Idaho, dispatch says
that Mt the noon hour or Tuesday the
car men and shovelers nj the Ffisco
mine demanded $3.50 per day instead
OF So. Joe Mcdonald, manager OF the
mine, refused their demAnuH ana the
mine closed down. The Gem mine
also closed down at noon. Manager
Mcdonald has offered TO put the men
back TO work Mt the same wages. Both
the Frisco and Gem mines will re.
sumo on these conditions, notwith-
st1niing that the market 10 very low.
should the proposition OF these two
mlnes be refused, a general shut down
viii follow. The Morning mine Mt
ahAAAhN ~ hANhAAh HANbA'eheha W NAbaN
down indefinitely should similar de-
mnuds be- made upon them. A de.
mand was made ON Tuesday on Cul.
loftson, manager OF the Tiger mine
ut Burke, that the hoiating engineer
work eight hours instead OF twelve
hours. Twsnty.fouts' notice was given;
II the demand 10 not accepted n strike
will be ordered.
TELLS THE STORY WELL.
Spokane Review; Samuel V. WI.
son, who recently visited the rich
gold fields OF eastern Oregon In the
region known us the Virtue mining
district, from Baker City, entertained n
group OF astonished listeners yesterday
at the mining exchange. After re-
counting the story VI the discovery OF
the famous White Swan by young
man In the employ OF the Baisley
brothers, and It's marvellous out
put OF gold, Mr.. Wilson said;
"rhe Mabel mine In even more won.
derlul than the White swan or any OF
the properties in that disarict. 1t was
discovered about the LIST OF last May,
aud shaft was started which Is now
down about forty feet on continuous
vein, Ave feet In width. The beat OF
iAAi Nth Nhh'h bhA VI AhN hnblt hufll y
THIS experimental development was
sarkcd and Its value Is estimated nj
iuily $4,000. The balance Of the ore,
rn tbs dump, will probably run 500 to
lhu ton. A few days ago an immense
hu, Ter was encountered. This was
tpR"n open by q few shots and the re-.
ult WAS the iillihR OF the bottom OF the
Hfl with free gold, over $500 OF which
W % iNken out, tho remainder OF the
q hriZ going into saoks. The Mabel
iu,d IL almost solid mass OF gold, ali
thu way down TO the depth OF forty iest
sni there 10 not the slightest Indication
0 pinching out"
NOTES.
Thomas Kendrlck Jr., who ut one
time kept n hotel In Ogden, and later
was engaged at La Plata during the
mining excitement there In the sum.
iner of 1891, shot himself at Glenwood
Syringe, Colo, ON SUNDAY, In Ru VI
tempt TO commit suicide. Ho Is still
olive, but there Ia little chance for his
itcoVery. He had crown melancholy
through prolonged III health.
The annual meeting OF tho stock.
h1ters Of the Utah Loan anu Build
nag association was held at tho cham
ber nj commerce last evening. The
iOlluWing directors were elected: IL. j.
Wallace, IL. II. Hal, y. q. Gentsch, a .
tgnauer JT., j. Barnett, II. II. Ter
hume, Louis COIN, Fred Simon ami j.
b Far!ow. The annual report Of the
association for the year ending June 81 a,
lh8N gh0WRd TN eaac inIinn la la. Ia A