The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-19
A VANDERBILT STRIKE
Pluck and Persistence Receives
Its Reward.
ELIAS MORRIS ONE OF THE HAPPY
OWNERS.
Had Stood His Last Dollar on the
Outcome of the Mine-Yesterday's
Trading at the stock Exchange
Latest From the Camps.

II had staked my last dollar on the
outcome of this mine,' said Elias Nor
ris to Herald reporter yesterday,
and if the boys had not struck it
just as they did, l would be ruined
man today
There is no doubt but that Elias Nor
ris was one of the happiest of men
in Salt Lake city yesterday, and he
had good reason to be, as he had
just been notified that most import
ant strike had been made in the Van
derbiit mine, at HALEY, Ida, which
is owned by a Salt Lake company of
which Mr.. Morris is a large stock
holder and an officer.
There is hardly mining man in this
city but that is posted as TO the diff
cultieS that the company has had in
the development OF this property. In
the first place the mine had been
handled by previous owners in a
Slovenly manner and it took a large
amount of work to get il into any
thing like workmanlike shape, and
when this had been accomplished and
a mill erected at the mine. both the
shaft house and the mill We're de-
stroyed by fire, which was believed
to be incendiary. The disaster, coming
as it did just as the company was
about on its feet, took the tuck all out
of it and it was some time before the
money could be raised for the purpose
of carrying on the work, and to do this
it was necessary, for the officers to
mortgage their homes and even their
business; but they did this willingly.
as they were confident that in time
the mine would open up into one of the
greatest producers in the west, and it
is believed that this is now the case,
as on Monday telegram was received
from L. T. Brockback, the asayer at
the mine, that a fine body of CO had
been struck in the property aud that
the success of the enterprise was as
sured.
In letter that followed and which
was received yesterday, the announce
ment was made that the new strike
had been made in the lower tunnel to
the west, in the face of which at g.
vertical depth of 400 feet fine body of
high grade ore had been encountered.
On the hanging wall of the vein the
men cut through two and one-haif
inches of ruby silver and gray copper
that assays 5000 ounces in silver to
the ton, and on the foot wall the face
of the tunnel had been three feet into
solid body of steel galena ore and
the foot wall has not yet been reached
and this ore, according to fire tests
SHOWS values OF lou ounces silver and
from 40 to 45. per cent. lead to the
ton. The letter also stated that al
though the strike was only made on
Saturday that already a two-carload lot
had been taken out for shipment and
that within week from three to four
carloads could be shipped every six
or seven days.
In the windup of his letter Mr. Brock
back stated that the Vanderbilt was
today the biggest silver mine in the
state of Idaho, and for the sake of the
Salt Lakers who are heavily interested
IN this property, it is to be hoped that
this is true.
At a meeting of the directors of the
company, held yesterday, it was de-
cided to install Ike Jennings as suner-
lntendent of the mine, and he left last
night for HALEY accompanied by Sec
rotary a. G. Giauque. Mr.. Giauuue.
before returning home, will make a
thorough examination of the mine and
the new strike and report on the same.
Il hope that we will soon be on easv
street" said Mr.. Morris after dilating
on the extent of the new strike. but
the first thing that we will do now
that we have struck it rich, will be to
pay everything that we owe. and this
will not take us long; and then look
out for dividends