The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-14
MER CUR CORRESPONDENCE.
Probability That the Mercur Com.
pany VIII Soon Build a MIL.

Probability That the Mercur Com
pany VIII Soon Build a MIL.
MERCUR, Aug. 13.-It was stated
last week that Mr.. Edwards, of the
Mercur, would take the position of SUI
perintendent at the Sacramento. Yes
terday Mr.. Edwards declired to fulfill
the contract. Mr.. Edwards confirmed
the report and stated that his relations
/ with the Sacramento had been pleasant
/ but that while on his recent visit to
Salt Lake city he had reconsidered the
matter and decided to stay with the
Mercur company. On the other hand,
( the Sacramento people can see no rea-
son why Mr.. Edwards failed to go
ahead with them, as everything was
satisfactory ON both sides.
The key to the matter is not very
hard to find. Mr.. Edwards came here
to build a, mill for the Mercur company
and has submitted plans and taken
charge of the construction. The en-
larging of the mill at Manning was I'M
der his charge, and in their plans for a
mill at Mercur, Mr.. Edwards has been
| considered as the man who would take
charge of the work.
1t is also we'll known fact all the
dumps will assay from So to So and
that only the high grade ores have been
shipped to Manning, while the low
grade ore is still ON the ground in in
exhaustible quantities. This ore can be
worked with a mill built right on the
ground.
There is every reason to believe that
the company will build a 500ton mill
Cn the ground and work only the low
grade ores here, and there is good rea-
son to believe that the cause of Mr..
Edwards refusal to go to the SacTa-
mento was his learning in Salt Lake
city char work ON the mill would COM
mence before the end of the present
month 1t would also explain the cause
of the failure to declare the regular
dividend this month.
When asked i'm regard to the matter,
while no direct admission was made,
parties who are we'll informed in re-
gard to the true inwardneSS of the
Mercur affairs, made no denial of the
correctness of this view.
The Sacramento mill will make a
cleanup the beginning of the week, and
before the end of the week work on
the new mill will be commenced.
Mr.. McConaughy is in Mercur as
sisting Mr.. Boutwell, in getting things in
shape for the Inauguration of the pro-
posed improvements.
The average rae of sinking at the
East Golden gate is three feet per hour
but the workmen outdid their speedy
work yesterday by sinking six feet i'm
thirty-two minutes.
One of our business men made a trip
to Salt Lake city last week and among
other things learned that the Salt Lake
banks had ceased to loan money on
any kind of security, and were drawing
in their loans as fast as they became
due. The cause given was the with
drawa1 OF eastern money en- account of
the western free silver craze. If some
of those eastern capitalists had tingling
ears yesterday, it must have been the
talk at Mercur, none of in being very
mplimentaTy to the men who are try
ing to force voters by the power of
money. If they persist in their plan it
will furnish a good Illustration to many
of the effect of a. decreasing currency,
and should show conclusively that the
principal need of this country is more
money