The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-03

Hon. John Dern, the president of the
Mercur and Geyser-NIarion companies,
returned home Friday night from Mer-
cur. where he had been for the ex
press purpose of making a thorough
examination of che Geysar-M Marion
mine. and when seen by a Herald re-
porter yesterday in relation 20 the
property, he stated that while he Was
we'll pleased with the mine when he
made an inspection of ii q month ago.
that now he was better satisiied WIN IT
than ever since going over Fle ground
thoroughly and examining iziiJ - no e
minute workings.
In the uppar workings of the mine"
continued Mr.. Dern, --V4lAra mast O. .its
ore has been taken so far, ! found an
excellent showing. and there seems TO
be no dimiuuFion in the extent and
value of tida ore depuSits. and til.S a.
plies to both the Geyser and Marion
properties. I was more than favor
ably impressed. however. With the
lower workings in the mine, in which
a breast of ore, horizontally, has been
exposed for 6. distance CT 200 feet. and
after careful examination Of this de-
post. in the workings as well as its
surface showing. l am Of the opinion
that the mine is almost a
COUNTERPART OF THE MERCUR
in its formation and the deposition of
the ore zones. In the Aiercur orr first
work was on the lower vein, not being
aware of the existence of the upper
body Of ore. on. which development has
been in progress hardly more Than a
year and yet. in the lower workings,
which are extensive, We have made nu-
nlerous upraises to the upper vein and
in nearly every instance We found that
where we had good values below they
were found to be in corresponding
points above. In the Geyser- Marion
the workings have been right the re-
verse. The upper vein receiving all the
attention and furnishing all of the ore
for the two mills until short time
ago, when the existence of the lower
vein was discovered, and the develop
ment Of this has been a couse of con-
graduation among the officers and
stockholders of the company. as the
deposit is not only high grade in its
gold contents but gives promise of de-
VelGpinS into an immense ore zone. 10
some extent had been led 10 believe
that this lower vein was only a pocket
caused by a fault, but q most thor
OUCH examination eCnVinceS me that it
is a true vein. and. more. it appears
that 1T is an
EXTENSION OF THE BRICKYARD
ore zone. the pro U ~ now owned and
operated by Captain J. r. De Lamar.
The Generalization has all the car
marks Of a great mine. and I am fully
satisfied with my action in Identifying
myself with the property and company.
1 believe that ] did well in buying in
and feel TO say that I regard LAS as
being one of the safest and best invest
ment propositions now offered an the
Camp.
At the meeting of the directors of
the company yesterday afternoon c..
r, Boutwell, handed in his resignation
os director, which was accepted and
j. II. Hedges appointed to fill the va
cancy.
AT she same time Colonel s. p. NH
ner rendered his resignation as gen
eral manager and treasurer. to take
effect on the 18th inst, the reason as
signed for this action on his part being
that he was now closely connectsd
with the
JORDAN RIVER ELECTRIC
company and that in pushing this en-
terprise his SINE would be fully occu-
pied for some time to come. therefore
he desired 10 be relieved from the du-
ties pertaining to the position he held
With the company as general manager
and treasurer, although he stiN WOa4d
act With the board as director and
would be in accord with the policy Of
the company in the operation and de-
Yelopment Of the property, in which he
is stu largely interested.
In speaking of the two mills on the
Geyser- Marion. Mr. Dern s'oaled that
the Gaysar was treating on an average
Of 100 tons Of ore daily, While The Ma
ron Was treating 90. the saving from
both being OF d most satisfactory ma
rure.
An adjournment of the meeting was
taken until Saturday, Oct. 8, at which
time the auditing conmittee Viii make
its reDort.