The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-18

At q meeting of the members of the
Salt Lake Stock and Mining exchange
Yesterday afternoon. President John
w. DOnnellan read the following in
teresGing and timely address:
To the Salt Lake Stock and Mining Elk
change:
Gentlemen-At the risk of being con
sidered tiresome desire TO again call
your attention to some matters con-
neeted with the mining development of
Utah.
In the awakened interest that is be
ing felt throughout the country in our
mines, we are justified in expecting
large accessions TO our population. All
who come will not be capitalists
many people will come to try their for
tune, without much means, and unless
they can b. furnished with. employlnent
the state will reap no benefit from
their coming. We now have many idle
men in our midst, and it is of the ut
most Importance that some means
should he devised to pronerlv
arouse and direct the dormant energies
OF our people-leu every slumbering en-
Iesprise take on rev energy Several
large enterprises are proposed that will
result in the expenditure Of millions of
dollars Tor labor and material within
lhe limits OF our state the present year.
and it is of these in connection with the
advancement of our varied mining in
terests that | wish to speak
THE PEOPLE WAKING UP.
The city of Salt Lake and the new
commonwealth of Utah, are on the eve
Of
growth. Our people are thoroughly
aroused and are beginning to realize
that our mining resources are the all
important interest Of the new state
They have come to understand that
while we have a greater variety and
richer mines than any state in the
union, yet they are less known out
side of our own limits than those of
any other locality. Our old time sue
cussful miners have always discour-
aged publicity in every way. while our
neigh boring states have given the Wild
est and most exaggerated publicity to
every discovery of the precious metals
within their borders. with the result,
that eastern and foreign capital is
P99rlng into them n AN. constant sst and and
mining properties. in every way SUI
perior to them. are comparatively neg
lected by outside capital.
THE GREAT DISTRICTS.
I congratulate the exchange for hav
ing set on foot "a movement that is
attracting the attention. of capitalists
throughout the country to our mines of
gold, silver. lead and copper. We have
daily evidence of this interest. even
this early in the season, by the con-
slant arrival of men of means to in
vesfigate our resources and invest their
capital in Utah properties. Just now
the new gold fields at Mercur are the
great attraction. yet the older mining
camps are being neglected. The ex-
traordinary developments that have
been recently made in the mines
around Park City. lead to the conclu-
sion that. even that prosperous local
ity is barely pros2ected. New and val
liable ore bodies have recently been
encountered there at great depth and
While heretofore, it has been known
only as silver producing region. these
new ore bodies contain high values in
god. and the lead production there
* constantly increasing. The great
depth at which the ore is found there
insures their continuance as profitable
rncducers for many genera lions to
come. Prospecting and DEVELOPMENT
work is very expensive in that local
ity. but the recent discoveries. indicat
labor expended. will cause a vigorous
renewal of activities the coming sum
1ner. and Park City ought to double its
present population in the next few
years. The same is true of the Tintic
district The new combination mills
that have been erected there have rev
oluionized mining in that locality.
Mines that have been idle for wears.
are now being worked with great profit.
The low grade ores which exist in even
the richest mines in that great camp.
and which were thrown on the dumps
as worthless in the old days. are now
yielding profitable returns in the new
mills. Many new producers are being
added to the list. and more men are
now at work mining and prospecting
in that district than ever before.
AT BINGHAM.
The new revival in mining has
reached the old reliable Poor Mans
camp of Bingham. which is but few