The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-05-26
RETURNED FROM TIE EAST.
Gill s. Peyton Meets With Success
With Eastern Capitalists.


Gill s. Peyton, the we'll known min
ing operator and business man, re-
turned yesterday from an extended
visit east, and he informed a represent
alive of The Herald that he had met
with unqualified success in the bust
ness that took him to Boston and
Washington, and that as a result of his
Trip mill for the Chloride Point was
! assured before the end of the sum-
mer.
According to Mr.. Peyton, the people
of the east are becoming greatly inter-
ested in mining in the west, and he
states that many of them have arrived
at the conclusion that mining is the
best and safest investment that can be
made at the present time, and as a re-
suit he saws that we mag look for the
arrival of quite a number of eastern
capitalists out into this western coun-
try this summer.
The Boston Post of a recent date con-
tanned an interview with Mr.. Peyton,
from which the following is an extract:
The reason that so many eastern
people are fiocking into Utah now"
said Mr.. Gill S. Peyton of Salt Lake
City, at the Raleigh, lis that the great
natural advantages and resources of
our state are just beginning to be ap-
preciated by the outside world. People
try where irrigation makes the crops a
certainty. In Utah county, to the south
of SalT Lake, there was a large amount
Of land devoted last year to the Guilt
walton of the sugar beet, and the aver
age profit for the farmers therefrom
was $50 an acre. There is still more
money TO be made in fruit growing, but
our people have heretofore been too
conservative to engage in that business
on an extensive scale.
Then our mining interests have
scarcely reached the initial stage of de-
velopment When l went into the Mer-
cur district six years ago not a dollar
had been taken out. In 1896 Utahs
mines paid more than 81, 225.000 in divi-
dends, but this does not include divi-
dends and profits paid by close corpor-
atoms and mines worked under leases,
which amount at least to =. 900, 600. The
dividends declared and paid during the
month of Februar-T of this year reach
S259 GOO. Great as this showing is, il is
small in comparison with what the next
few years will show. 1t is scarcely
more than three years since the -reat
gold fields of Mercur began to yield
their wealth to the new process of
trea ting the ores. but since that Won
derful district has demonstrated what
may be done with the ores many other
properties are being developed
The Deserted Mine.
NIB. Dresser. the poet laureate OF the
Mercur Miner, made a visit to the old
mining CAMPS OF Ophir and Dry Can
yons a few days ago. and while looking
through the deserted wealth producers
OF these localities he was seized with
an inspiration. and the following was
the result:
Near yonder rugged mountain peak
An old dismantled mine appears.
Its mouth. though voiceless, seems to
speak
And tell of better, buster years.
We climb the rocky trail today
That hopeful men climbed years before;
No footprints mark the abandoned way
The tread Of time has covered them o er
We stand upon the dump at last.
'Tis leveled by the storms of years;
1t nutely tells of an active past.
And of the miners hopes and fears.
Still stands the old log cabin near
What scenes of revelry and cheer
Have these lone vacant chambers
known.
= wheel. some drills. broken pick
Around the crumbling shaft house lie;
The biacksmith's forge with rust is
The spring has years ago gone dry.
A broken car stands with its load
Upon the track. decayed and old;
The rusty rails still point the road
Ger which a dozen fortunes rolled.
No sound of sIedge-no click OF drill
Is heard within these silent halls;
Its dark recesses now are still
The mould clings to its Shiny walls.
Yet will it thus forever lay,
Abandoned 10 the tooth of time?
Left TO the forces of decay
A subject for the poets rhyme?
All, no. for in its granite breast
Lies many an ounce of yellow gold,
And many a pocket of silver rest
Within these tunnels. dark and old.
And other men. by fortune led.
With knowledge armed and modern |
tools,
VIII win these spoils. though closely hid,
For man Ger natures realm still rules.
And law, which with a subtle hand
Stole half the miners hard-earned |
hoard,
Will yet 90 justice TO our land.
And siiyer's rights will be restored. J.