The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-20

George Arthur Rice, the well-known
and successful mining operator, whose
name has graced the hnutsford reg
lister for the last few days, was inter-
viewed by Herald representative last
night on the mining outlook Of this
western country.
Il am of the opinion" said Mr.. Rice,
that this whole western country is
going to experience a wonderful min
ing boom. and the attention Of capital
will not be confined to any one local
ity. The whole country has been in
crippled state financially for several
years past and this unsettled condition
of affairs has caused the locking up
of immense sums of money, which,
during all this time, has not been
earning a penny. Railroad stocks
could not be relied upon, for nearly all
of the railroads in the country were
in the hands Of receivers, and real
estate has been SO much depressed
that dollar could not be loaned
with realty. as security except at a
ruinous rate of interest. Such was
the situation soon after the real de-
rronetization of silver in 1892; but when
the gold output began to increase and
this was doubled and quadrupled as
time passed, the banker and the CAPT
talist began to open their eyes and
said, We have demonetized silver, and
now. if we demonetize gold. the people
of the west will begin the mining Of
diamonds, and the result has been
that men of means are beginning to
realize the fact that there is really no
safer or better investment than in
mines and mining stocks, for the pro-
duct Of the mines adds imperishable
wealth TO the world. and no one is
robbed or injured
CHANGE IN SENTIMENT.
This change of sentiment in the
east is having a beneficial effect upon
the west, and at the present time
more money is coming into this coun-
try for investment in mining stocks
and mines than ever before in the his
tory Of this region; and today fifty
fortunes are being made in mining
where one was made six years ago,
and especially is this the case since
so much attention has been paid to
gold mining, las has been the case
for the past four years.. which has
resulted In the discovery of the great
Cripple Creek district in Colorado and
the wonderful Camp Floyd district in
Utah, and as to the last named dis
trict I would say that with its mag
nificent area Of mineral wealth all
that il needs to make it a formidable
rival to Cripple Creek is more push
and enterprise, more advertising and
the expenditure of a bushel of money
in printers ink.
WEALTH OF MINERAL.
why. the people of Utah do
not realize what a wealth of
gold they 4 We at their very
doors: and more. they are afraid
Of spending a dollar or two in letting
the world know what thev have in this
line. People would flock to Utah in
droves if they only knew what you
have here: and the possession of such
inexhaustible deposits Of gold ore,
without letting capital know what You
have. and inviting its aid in its devel-
opment. is a good deal like the man
who winked at his girl in the dark
for he knew what he was doing and
she didn't. so that neither were tickled
and reciprocity was out Of the ques-
ton.
WHAT UTAH NEEDS TODAY.
What Utah needs today is more ad-
vertising. Advertising made Cripple
Creek what it is. and the mining men
of Colorado will spend 50 900 900 this
year ir advertising the mineral re
sources Of the Centennial state. and of
this amount George Arthur Rice & Co.
of Denver and Cripple Greek viii be
heard from in the sum Of at least $780,
600. Advertising is what makes the
mare go these DAYS, and I think that
w. r. Busenbark's suggestion that
Salt Lake CITY raise $4,000 for the 4d-
vertlsing Of the mineral wealth OF Utah
is most excellent one.
OLD-TIME THEORIES UPSET.
Another thing that IS helping along
the development of mining properties
which of course means the investment
Of capital IS the overturning Of old
time expert theories as to the exist
ence Of mineral-bearing rock and the
acceptance of the new doctrine that
mineral is where you find it For
many years the cUrtailment Of the
Mineral zone bv precise and circum-
ecribed limits has greatly retarded the
growth Of our mining districts. In
CTipnle Creek the early miners of the
district drew line aroung Battle
mountain and called It the charmed
circle Since then rich gold discover
les have been made on Bull mountain,
Little Pull, Big Bull and on Straw
mountains. and the mines found on the
outside OF the circle are as good or
better than those found within It; and
little by little though reluctantly. the
expert theorizer has been compelled to
extend the boundaries or the charmed
circle until an area Of four by eight
miles has been embraced within its
environments. This same condition OF
affairs formerly existed in Bingham,
Park City. Eureka and Mercur, but
these iron-clad rules have been shat
tered and TODAY we hear of magnifi-
cent gold discoveries being made where
yesterday the ground was accounted
as heine barren of mineral wealth.
I'm Cripple Creek I own three prop
critics toat were at one time outside OF
the 'c.~cle' One of these is now making
q good showing OF pay ore and the
other two Will soon speak for them
selves In no uncertain terms. At pres
ent am devoting a large portion of