The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1895-12-21

sATURpAY. DECEMBER ii, l8a5.
The Young Mining District of Utah
Nearly Equal to Cripple Creek.

The youngest Of the mining districts
of Utah now bids fair to prove rs phe-
nomenal success as the great Cripple
Creek district of Colorado. AS the con-
ditions are now, it is probable that no
mining district Ia the United States,
save Cripple Greek, IL so widely dis
cussed, as to the extent aud probable
extent of its values as Camp Floyd dis
frict in Utah, now Familiarity known as
Mercur.
Camp Floyd. thirty years ago, was ex-
tensively work for high grade silver
ores, While the silver mining was in
progress the miners were under the
necessity of cutting through bed OF
silicious limestone, heavily impregnatesl
with cinibar, carrying streakes and
spots Of iron oxides, varying in thick
ness as it was encountered in different
localities. For years these streaks were
sampled for gold without developing
values W hich could be protitably worked.
il remained for some Nebraska farmers,
who knew little or nothing alb ut mining
todiscover that they carried some valnes
and, in 1890 they attempted to work
them by amalgamation, but made a
failure. Then the cyanide process was
tried-the McArihur.Forrest process be-
ing employed-and by it a profit WAS
made. Now it is matter of record thai
IS ~ NJ .
Mercur mines were the frs sncressful
tests OF the cynide process made, not
only in the United States bnt in he
world. The same process has since
made the South African mines the most
famous in the world.
A correspondent in the Denver News
says: at was in September. 1891. that
the first profitable run of the M-rcnr
mill was made. Then quantity of he
product that has since been technically
designated as "cyanides," was shipped,
and the owners were assured o. an
actual paying proposition, so long as the
ore bodies in the mine should hold out.
Later developments seem 10 indicate
that these will terminate only when the
entire vein is worked ont nnder the 200
acres of the original property, and as
many more acres recently acquired,
known as the Matte group.
In June, 1894, the Mercnr Gold Min
Ing and Milling company commenced
Aha navmopf IF poorthIv ,IiuflauJe ~
IL IL cents per share on the 2O0,O00
shares of capital stock, aud these divi-
deDds were declared and paid nninter-
ruptedly until the sum of $35. 900 has
been paid out. During the visit in Salt |
Lake in Septic mber last of Captain j. R. |
DeLamar, one of the most extensive |
and successful mine operators in Amer
lea, be made proposition for the pur-
chase of the mine and mill and the
claims owned by the Mercur company
in Camp Floyd. deal was finally ar
ranged to be contaminated on January
s, 1896, by which DeLamar will pay
$3.50 per share for the stock OF the
company that can be delivered, thus
putting total valuation on The property
Of 81, 100000. Specific Information was
denied the newspaper men as 10 the
deal, but q movement commenced in
the stock whereby it advanced rapidly
from "a 20 at the time DeLamaI's visit,
to 81, and squirt to higher figure,
" hen the date came around on which
the November dividend should he de-
clarld. This was passed and of course
The stock declined, and with the pros
pect of a slump from which many poor
men would suffer, the Mercur people
gave the particulars OF the deal with De-
Lamar TO the public.
This, in brief, is the history of the
Mercur mine, which, until year and
half ago, constituted the history of Camp
Floyd. The first to attempt its develop
neDt were the Nebraska men, who sue
,eeded in spite of the croakers, The
lext capital to invest was repr, scented
~ Colorado men, no have opened up
\ great mine in the Sunshine. have
'rected mill and who sold their stock
It one-fourth OF its par before their mill
Fas in operation. Others came in from
III over the United States and blocked
'ut fortunes, but it was moi until ontside +,
money and energy had proven beyond !,
he shadow of doubt that the most re-
narkable gold district on the continent
ay within ffty-six miles of Salt Lake
Jity by rail, and only thirty-eighi IN :
zee line, that Utah capital aud Utah
mining men commenced 10 rvince any !,
interest. Now Inc length of the dis !,
riot approximaies ten miles, over all =