The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-04

these columns, has wonderfully recu-
perative powers, and a variety of min
eral resources to draw from, so that
in ease of any emergency, such as de-
preston in silver and lead quotations
the camp will not be forced to close
down. but can divert its energies to the
production Of copper and gold.
Tie benefits of such a condition o.
affairs were never so greatly appre'
ciated as they are today, when the
leading silver-lead mines Of the camp
have been compelled to close down on
account of the slump in these metals.
The old Spanish cyanide mill is about
the only plant now in active operation
in Bingham at present, and its weekly
output OF gold has been the means Of
bracing up the camp to a certain ex-
tent, and through the success of this
enterprise others are making arrange
ments for the reduction Of ores Of the
large gold mines SO numerous through
out the district.
a With this end in view the Mammoth
Gold Mining company is getting out
plans and specifications for a mill for
the treatment of the large quantities of
low grade gold ores already blocked
out in us group of mines not far from
the Dalton and Lark property. and it
is expected that the company viii be
marketing its cyanides by the first of
March.
A few weeks ago The Herald men
Faa4 he Henry NJ
group of gold mines near the head Of
Carr Fork Gulch, Bingham, had been
secured under a short-lived lease and
bond by an eastern syndicate, but the
names of the owners of the ground
and the lessees were withheld from the
public for obvious reasons.
Yesterday. however, the deal was
consummated and the bond was taken
I'D. the purchase money being paid in
at ? o'clock in the afternoon and the
title passing TO the new purchasers,
who are eastern capitalists represented
by Sam Newhouse, the well-known min
ing operator. who left for the east last
night for the purpose of perfecting ar
rangements for the extensive working
of the property. as it is understood that
the group will be operated on large
scale from now on.
This sale of the Henry M. mines
means much for the people in Bingham
and for the camp at large, as it is
given out that it is the intention of the
new purchasers to begin at an early
day the erection of a large gold mill
for the trea tment of the product of this
property. and 1t is understood that this
plant will be one of tine best, if not the
best, ever erected in the district and
that il VIII give employment to a large
number Of men, to say nothing of the
force tfat will be employed at the mine.
The sale of the Henry NJ. has been
on the string for several months past,
and was brought 20 q, successful issue
through the medium of Thomas Weir.
of this city. who has the reputation in
Utah and Montana as being an eXpe-
rienced and able mining man. Mr..
Wen, after an examination of the prop
erty. becne convinced of its merit and
true value, and, acting in the capacity
of middle man, succeeded in interest
ing Sir. Newhouse in the proposition,
who, after a most careful examination
OF the mine and a thorough test OF its
ores which he demonstrated could be
treated in a most satisfactory manner.
secured il under lease and bond for
his patrons.
The Henry NJ. group, which consists
of six patented and six unpatented
claims, was formerly owned by George
A. Lowe, of this city, and his aSsoci-
ates.
The property has never been a pro-
Queer for the simple reason that the
ore. which is gold, was a low grade
milling proposition; but developments
disclosed immense deposits of this char
acter Of mineral and for 8. long period
the magic touch of capital has been
an that has been needed to transform
shis non-productive proposition into q
producer Of wealth galore.
Shortly after Mr.. Newhouse secured
bond and lease on this ground, be
lnaugurated a system Of prospecting on
a large scale. Tunnels were run and
shafts were sunk and the results of this
investigation were more than satisfac-
tory, as it was demonstrated beyond a
|. shadow of doubt that within the lines
that embraced this valuable group of
claims, there existed mountain of ore
which could be mined cheaply and
economically and which could be
nilled al handsome profit.
The details of the sale and the price
paid for the mine have been withheld
from the press for good and sufficient
reasons, but it is understood that the
amount placed in the bank to The
credit of the former owners Of the prop
erty runs well up into six figures, and
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