The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-25
The Holdings of the Deseret G. NJ. &
N. Company.
PASSES INTO GOOD HANDS
NEW OWNERS WILL BUILD A
MILL IN THE SPRING.
Ringham's Copper zones-Big Mining
Men Examine the Mines of the
Camp-Great Slump In Ajax
Dexter Strong and Active-Many
Stocks We're Ready Dealers.

Charles Nj. Renrotin. manager Of
what is universally known as the Sill
yer King mine in the great Gold Noun
tain district. Piute county, IS in the city
on business and pleasure bent.
The Silver King lode is one of six
claims owned by the Deseret Gold Mine
x Milling company. and the property is
considered as being gilt-edged in every
respect in Weli-informed mining circles.
A month or six weeks ago mention
was made in these columns 10 the ef-
feet that a Chicago syndicate had Sc
cured an option on controlling inter-
est in the holdings Of the Deseret COM
pany, and ii now transDires that Mr.
HenrOtin was one of the leading SPIRITS
in this enterprise, and that. associated
with well-known Salt Lakers, the bond
has been taken up and the title TO this
bonanza proposition has been trans
ferred and vested in the new ownership,
the official roster and directors OF the
reorSanized company being as follows:
Gill s. Peyton, president; Charles
HenrOtin Of Chicago, vice president; I.
Z. Peyton, secretary and treasurer;
Charles NJ. Henrotin, manager; George
4. Edwards and A. Singleton.
The consummation of the deal involV-
ing the purchase of this Gold mountain
mine has been attended with many dit
ficulties, as there We're several hundred
shareholders in the company, many OF
whom il was difficult to deal with. but
perseverance finally won. and the new
owners are congratulating themselves
upon the possession of one of the most
promising gold properties in the west.
In speaking of the Silver King, Man
ager HenrOtin stated that in the past
considerable time, labor and money had
been spent in its exploration, develop
ments so far going TO prove that in this
ground there is a mountain of ore, the
workings already showing the ledge to
be fully sixty feet in width. the whole
of this mammoth mineral zone showing
values averaging from SO to SIS to the
ton in free milling and concentrating
gold ore, while assays Of $50 and up
ward are frequently obtained. As a
matter of fact, $4,000 gold ore has been
no raritS IN this mine, and shipments
of mineral have been made which
brought % cents a pound in the mar
ket The ledge is Strong one and can
he traced for several hundred feet on
the surface, the Groupings yielding as
say values of from SO to So in the yell
low metal.
The property of the company is well
equipped with comfortable buildings;
supplies and provisions have been laid
in for the winter, and Mr.. HenrOtin
viii work q good force until spring in
the systematic development of the
property. when, if present plans are fol-
lowed out. the property viii be embel-
lished by the erection of a combination
mill, and the property viii be placed
on a paying. as we'll as on a producing
basis.
Gold Mountain district of a certainty
viii be benefited by this change of
ownership in the Deseret company, as
this insures the extensive operation
and able management of this valuable
property in the future.
As a. matter of fact, the reorganized
company is q strong one. and not only
because Of the fact tha tit is backed by
ample capital but for the reason that
in the personnel Of the reorganized
company is to be found the names of
such men as Gill s. Peyton and George
T. Edwards. the former having done
much towards making the Mercur mine
known the world over as one Of the
greatest d-producers in the west
while the latter is an experienced min
ing man, who holds the position of SUI
perintendent of this Camp Floyd bo-
naDza.
That the Deseret VIII make record
in the near future as a big paying gold
mine is as good as assured