Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-12-07
PARK PICKINas.

The Records Account of Affair
Throughout the Camp.
Park City has been considerably ex
ercised oil week over the water trouble
between the Silver King and Crescen
and McGreg0r companies an announced
exclusively in last weeks Record. The
ehutting down Of the property cast {
decided gloom over the entire com
munity, for II meant a loss of employ
ment to come $50 men. The situation
was thoroughly discussed by all CLASSES
OF citizens, and the right and wrong
Of the dispute looked at from every
standpoint. Monday morning large
number OF the King boys went upon
The hill and after u lew hours returned
and announced that the break In the
pipe line had been repaired aud that
wafer was again flowing into the tank.
IL was ,rumoreu that water being
available the company would start w
wednesday afternoon, but 1t didn't.
However, the men were made happy
yesterday afternoon, and the doubts I'll
our merchants and people In general
were dispelled by the authoritative
statement OF Sup. Tnos. Kearns to tue
effect that the mine would resume
operations tomorrow morning. 1t gives
The Record great plessurs to make the
ANNOUNCEMENT, for 1t thoroughly un.
derstands what 1t means to the entire
community.
Mr.. Kearns Gays the water has been
flowing very slowly owing to the air
pressure at low points along tho line,
but that Thursday night the stream
was Running free AMI gradually grow
Ing stronger. He also said that II the
pressure suit terminated in favor Of the
silver King, which was certain II
would, the company would lay 5.
iech main from Shadow Lake to the
mine and give the boys lots Of work.
The OctoIora Gold Mining anu MIL.
Ing company lisa dead dog In the pit
anu has ceased to exist. The properly
was located in nevada, while the
main office was Ia Park City, where
also reside miority OF the stockhold-
ere. The committee appoiuted at The
recent meeting, mention OF which wee
made In The Record, reported q plan
involving the lapse Of the old corpora
ton through insolvency and including
reorganization under new name
ana with new stockholders. This plan
WAS approved, and the company was
re0rganized nnder the name OF the
Rescue Gold Mining and Miilin & c1n-
pany with capital stock OF 10000
shares, the par value OF which has
not yet been fixed, though 1t will
probably be $40 per share. Enough
STOCK was subscribed and paid iof Un
the spot to put the company on ifs
ieet and make 1t possible ~ pay lite
debts and have money left with which
10 operate the property. Active opera
lions will be Instituted as soon as the
weather will permit in the spring. The
owners are satisfied that they have a
valuable property and that by Judi.
ciOus management 1t will pay hand.
some profits.
John Diem this " eek sold his inter.
est In the mining ground owned by
himself and Rasbsnd Bros. ut Ameri.
can Fork, to the latter, realizing u fair
figure for the same. The last assays
obtained from the ledge showed u
value Of 33 l.3 per cent lead, 4 ounces
In silver Anu trace In gold; The
present owners will institute vigorous
development work rs early his possible
next summer,
The work of cleaning out the shaft at
the West Ontario and catching up the
big cave 10 progressing very rapidly,
sDd Mr.. Hancock, one OF the Ieseers,
says he expects to get through the
wreck within the next few days, whoB
u thorough examination OF the prop.
eriy Will be made 20 learn II possible
what caused tire cave As soon ns
that work Is accomplished the leasers
viii begin active operations.
Interest IN the Vallejo 10 still strong
and steadily growing aud some stock
changed hands ,his week AT 50 per
Rhare. The ore bouy still looks prom.
isiDg while the lower tunnel has cut
the birds-syo prophyry that was n.xl
the ore in the upper tunnel, and
strong hopes are entertained that the
vein viii be encountered within the
next 100 feet. The bridge has been
completed and another shipment OF ore
will be- made lust rs soon ss the condi-
llon Of the roads win permit hauling
A number OF people visiIsd the prop
erty again this week and the general
impression rs expressed 10 u bright
prospect for coming mine.
Following are tho ore shipments from
the Mcintosh sampler for the week.
silver King, 593, 020; Stafford concen.
rates, IS, 100; Vorce & Fiindt concen.
tretes, 1880. Total pounds, 66s, l2O.