The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-31

1t is believed by nearly everybody ia
miliar with the history of Mercur from
the time that it first gained repula-
ton as a gold producer until the pres
ent day. that within the next year IL
will spring into such prominence and
make such a magnificent record that
there will be no question but that II
will rank as the greatest gold camp in
the United States, and in the world, for
that matter.
The record made by Mercur during
the past year has been most encourag-
ing. Notwithstanding the fact that more
capital has been needed in the develop
rnent of the district, which capital
would have been forthcoming had it
not been that this was a presidential
election year, and it is a well-known
fact that during these years capital is
always timid and is largely tied up in
bank vaults instead of being put out
IN what are known to be safe invest
ments.
The record made by the Mercur mine
is certainly very flattering, especially
when i. is considered that the mine
is now looking better than ever before
in its history; and there IS not the
possibility OF a doubt but that this
mine will maintain the payment of divl-
dends for an indefinite period.
While il is well-known fact that the
Mercur is the only dividend-paying
mine in the district. it is also known
that there We're two other mines in
the camp that would nave been paying
dividends had il not been that they
-. sfro
ton; yet. notwithstanding, it is believed
that soon after the first of the year
that the Geyser and the Marion will
find a place on tine dividend-payfng list,
and that the Sacramento will also fall
into line as a distributor of wealth; ind
as to the Golden Gate. with its millions
in ore blocked out and in sight. all that
is needed to make it one OF the great
est ma es in the world is a mill, and
This, without doubt, will be built within
y year, if not this fall which. at this
late season, is now barely possible.
In the southern end of the district
there is one producing mine that is
equipped with as fine mill as there
is in the district. and although it is not
paying dividends as yet, it is conf
IDENTIFY believed that the Sunshine will
join the ranks of paying mines soon
after election. Outside of the mines
mentioned, there are a number of other
developed mines that only need reduc-
ton works to place. them in the ranks
of dividend-payers. Among these might
be mentioned the Overland, the Red
Cloud the Gold Dust, The Brickyard
and the Rover, TO say nothing of a
number of other very promising proper
ties, which, with but little work, could
soon be listed with the producing mines
of the district, and these are to- be
found in the immediate vicinity of Mer-
cur, in the Sunshine country, in the
western foothills and in the country
around Fairfield and in the neighbor-
hood of Manning; and there is no doubt
but that as soon as times become more
settled that these and many other
claims in the district will be thoroughly
developed, and that where the camp is
now paying $4,000 monthly in divi-
dends. in a year from now it will be
paying S200, 600. if not more.
Utah is justly proud of its gold camp,
as, in its prospective, it has no equal
in this or any other country, and it
is safe to predict that within a year
from the present time that il will be
acknowledged as the greatest producer
of the yellow metal TO be found in the
world.