The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-15

In commenting on the 100000 divi-
dend declared by the Bullion-Beck Min
ing company, says the Park Record.
the. mining editor of The Herald stated
in Thursdays issue of that paper that
cit is not known that a like amount
was ever paid before by any company
in Utah. if. indeed, in any of the min
ing camps in the west" The Record
begs leave to inform The Herald that
the Ontario Mining company of Park
City not on one, but on several occa-
s:ons, paid its stockholders dividends
to the amount of $4,000 per month =
or 81 a share on the capitalized stock
of the corporation. The fact is of
significance only in so far as it adj
vertises TO the world that Park City
is entitled 10 the modest claim of being
3 mining camp of some pretentions.
In this connection it may also be
stated, just for future reference, that
of all the silver mines in the world
the Ontario has paid the largest divi-
dends-something over $4,000 600. And
she hasn't quit paying yet, and recent
developments warrant the assertion
that she will continue to pay for an
indefinite period. The Record is proud
of the Ontario. the Daily, the King, the
of the camp. and for the benefit of III
terested ard disinterested parties alike,
proclaims in big letters, right here and
now, that PARK CITY IS THE
GREATEST SILVER MINING CAMP
IN THE WORLD.
The work of sinking the DAILY West
shaft TO the 1300-level-200 feet below
its present depth-was begun this week.
The Valao Mining company paid its
employees Tuesday. The Naleo is be-
coming a factor in the business of the
camp.
The annual meeting of the stockhold-
ers of the DAILY West Mining company
will be held in Salt Lake Monday next,
the 1ath inst.
The frost proved such an obstacle to
profitable work that Ike Osborne has
temporarily closed down his concen-
trating plant on Silver Greek, about
two miles below town.
Employees of the King received their
monthly checks Wednesday, aggregat-
ing in the neighborhood of $4,000: on
the same day the stockholders received
theirs, aggregating $4,000.
The men who received the contract
for sinking the shaft Of the Crown
Point 100 feet deeper have abandoned
work upon it, and the work is now
being prosecuted under the direction of
Superintendent George Hall
The recent fall of snow, followed by
the present cold snap, has resulted il |
making the sleighing to the various |
mines the best so far this season. In |
consequence a decided increase in ore !
shipments viii be noted from now on.
Narcoe & Flindt are pegging away /
with their concentTator on the on |
tario tailings dump-an indication that |
they are making both ends meet. But |
it is a hard proposition, and skillful. /
hard work is required to pay running /
expenses
Heavy ore shipments continue from |
the Silver King-the weekly average for /
some time being 1,250.090 pounds. IN
current parlance. the King is a daisy
and is making a wonderful record. I'm
til decreed otherwise, the stockholders
and employees will receive then
monthly checks on the 10th of each
month.
Drifting on the 1000-foot level of the
Lucky Bill is progressing without in
terruption. The face of the drift Is
now in $50 feet. and the management
to have some good news to
irapart TO the patient stockholders be-
fore long, as the nature of the country
rock in which the work is being done
gives evidence Of the proximity of ore.
one thing is certain, if ore in paying
quantities exists in the ground it Will
be found, if perseverance and tenacity
Of purpose can be reckOned as factors
in accomplishing the desired end
MI. George Hall has secured a lease
1n the Hawkeye, and is now engaged
prospecting the property in accordance
with his own ideas. He is of the Opin
ion that with intelligent work the
Hawkeye viii develop into a rich prop
erty. Mr. Hall is miner of extended
experience, and his opinion in mining
matters always carries weight. He was
of the famous Horn
&c IN,-ic q rariOA I
If nine years. He is not the only man
n Park City that thinks well of the
dawkeye ground. and it is hoped that
lnder his direction the property will
develop into a bonanza.
Z