The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-29

Two years ago Lion hin, in Ophir
mining district. was as quiet as
graveyard. Today all is life and ac-
liVity there, and n big corporation IS
: ,st putting the finishing touches on
ere Of the finest mills ever erected in
this western country; and it is con-
1dentiy expected and believed that
within the next few weeks the plant
VIII be in running order. and that soon
after the Northern Light company viii
begin the regular payment of 'divi-
dends.
1t is now just about year ago that
the Northern Light company filed its
articles Of incorporation, and the show
ing that has been made in the mines
OF the company since that time has at
tracted the attention of others to that
locality. and within the IeXt year the
producers on Lion ana Silver hills Will
make such a distribution OF wealth
that this portion of the district win
make a name as well as fame for
iteelf
Il is not generally known, but it is
the truth ali the same, that w. L.
Hubbard, of this city, was the gentle
man who promoted the Northern Light
enterprise, and it vas through his ef-
forts that the company was organized
and the property secured on which it
based its incorporation; and that his
judgment in the matter was correct
is demonstrated by the fact that never
before
IN THE HISTORY OF THE CAMP
has there been so much excitement as
there has been during the past few
months over the developments made
il the Northern Light mines.
y Fully conV inced that Lion hill was
the mother of the naturalization of
that section of country. and that there
were other properties IN that locality
that were fully as valuable as the old
Monarch and Northern Light mines,
Mr.. Hubbard has heen busy for the
past few months in combining and
consolidating other producers adjoln-
ing the Northern Light on the south
and east and as a result of his labors
he has secured q piece of ground that
gives promise. with development, OF
becoming j formidable rival in point
OF production and value, 10 its near
neighbor.
In this group is embraced the old
Chloride Point mine and the Surprise,
both Of which have been shippers of
HIGH GRADE SILVER ORE
for 2 number Of years. the Chloride /
Point having been on the producing I
list since 1871.
Mr. Hubbard, in his Chloride Point ]
enterprise. has so far succeeded that /
the Incorporation papers of the I
Chloride Point Consolidated Mining & /
Milling company were filed yesterday. +
The incorporators OF the company /
are well-knOWn business and mining I
men OF this city and Ophir. and are /
named as follows in the papers, to-
gether with the number of shares
taken by each, viz:
George CrismOn. $4,000 shares; d. =.
Burley, $4,000 shares; Samuel T.
Walker $4,000 shares: James McEvoy.
IS. coo shares; ". /. Clark. 6S 600
shares. and W. Z. Hubbard, $1,000
shares.
The capitalization OF the company is
placed at 100000 of a par value of 81
each. go. 000 shares Of which have been
set aside as treasury or working
capital stock.
The properties on which the company
bases its incorporation are located on
Lion and Silver hills. Ophir district
and are named as follows.
The Chloride Point the Surprise,
the Cleveland. the /. " Clark. Clark
No. . Ensign and Hillside. the group
adjoining the Northern Light property
Pittsburg on the north and west.
As above stated the Chloride Point
has been a shipper of high grade ore
for a number Of years. and at the
present time in the workings OF this
property there is a
TWELVE FOOT BODY OF SHIP
PING ORE
Exposed that carries average values of
from 20 to 80 ounces in silver and 81
in gold to the ton. while throughout
the mine there are thousands of tons
of ore uncovered that. viii run from %
TO 80 ounces in silver and 81 in gold,
and II is for the purpose OF handling
and treating this low grade mineral
that The company has taken hold of
the property. as the indications are
that with depth the same formation
VIII be encountered as that disclosed
in the Northern Light mine, where the