The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
PARK CITY.

(by D l.. 6duUOQ. OF IQe Gdrk lily
RecOrd)
BY S. L. Reddon for Park City Record.
1t was not an suspicious opening that
ushered in 1898 in Park City's mining
districts. Aside from the operations of
the Silver King and Anchor companies,
very little was being done, and for a
time it looked as though the camp
would see the dullest year of its his
tory.
While all indications pointed to a
steadily depressed condition of the sill
yer market, with nothing tangible to
base hope for the future upon, the lead
market began to show signs of
strength. and miners and mining men
generally braced up and decided to
hold and develop their properties as
best they might.
Then came rumors that foreign CAPT
tai was seeking investment in lead and
silver properties of America, the pros
pect of war with Spain began to take
on a definite form, India showed a dis
position to fight against the effort to
have gold saddled upon her. and the
horizon began to take on a roster hue
These things, coupled with new meth
DDS of treatment for ores, and other en-
coUraging features of one kind and an
other, caused a better feeling to de-
velOp all along the line, SO that what
promised to be a dead year in the
camps development gradually changed,
till now, d day or two ahead of the
birth of 1899, the districts surrounding
Park City show more activity than at
any time since the closing of the great
Ontario a year ago last summer.
To review the operations of the year
in Park City, one inStinctively turns to
the old standby to commence with:
THE GREAT ONTARIO.
This magnificent property has en-
riched the world by turning into the
channels of trade some $50, 000, 600,
about $14. 0O0,0 goo of which has been dis
tributed in dividends among the stock
holders. Since the low price of silver
caused the management to practically
close the mine in August, 1897, the big
ore reserves it had developed have re-
manned untouched, the ore which has
since been marketed having been OBJ
tanned from the Slopes and drifts of the
upper and Oldest levels. No more work
than has been necessary TO keep the
mine in repair has been done, and the
ore extracted and shipped has been
limited to an amount sufficient only
to meet the running expenses. Last
spring the company leased the Marsac
mill and made an experimental run on
the tailingS first produced at the On
tario mill. which is at present idle. The
sufficiently encouraging for the com
pany to continue and since starting up
the mill has been running steadily,
working up in the neighbOrhOOd of 100
tons of tailingS day. The product of
the Ontario for 1898 was as follows:
From ores sold: Lead 904, 725 pounds;
silver, 234 390.51 ounces; gold, 420
ounces. From bullion bars: Eighty
six bars silver, 7S,4u.2l ounces; gold,
9710 ounces.
The Ontario mine is now drained by
three-mile tunnel. which taps the shaft
1,5e0 feet deep, and the mine is, cOnSe-
qUently, in splendid shape to be econ
Omically and proftably worked with
silver at a much lower figure than
when the enormous expense OF pumping
had to be met, and as everything below
the 1,000foOt level is practically virgin
ground, the mine ought, and undOubt-
edly will, in years TO come, pay out
many millions more. superintendent
Chambers and other directors of the
company have for some time been
working to again open the mine and
run it to its full capacity. and unless
something unforeseen happens to
change the plans, an early resumption
may be looked for.
A meeting of the company was in
session in San Francisco on Wednes-
day, and the result of their delibera-
is to be done.
THE DAILY MINE,
which is controlled by the same COM
bination as the Ontario shut down
about the same time as the latter and
nothing has been done there by the
company since. The property is being
kept in repair and looked after by the
Quinn brothers, who have a lease on
the upper levels. They workS some
twelve or fifteen men, and are said TO
be making good money. Should the
Ontario start up again, the DAILY will
likely open up also, though ii is said
that much development work will have
to be done before the mine can again be
made to pay dividends. AS the great
Ontario drain tunnel penetrateS the
DAILY ground also, the work of sinking,
drifting and stopping in this splendid
old dividend-payer can be prosecuted
at much less expense than formerly,
and the work will surely be undertaken
at no distant day The product of the
DAILY for 1898 was from ten small lots
of ore extracted above the 5O0-fOot level
producing: Lead, 129.940 pounds: sill
yer, p, 942.27 ounces; gold, 20S.69 ounces.
THE DALY-WEST.
This is one of the foremost mines of
the camp and contains vast reserves of
splendid silver-lead ores, and that it
does not now rival the great Silver
King in production is no fault Of the
mine itself. Dissension among the
owners is what is holding things back
on this great property, and for the sake
of the camp and the industry it is
hoped the opposing factions will ere
long get together and open the mine.
Superintendent John ]. DAILY has just
returned from New York, and as a re-
suit of his visit the Daly-WestS affairs
are in shape for an early adjustment
A special meeting of the stockholders
has been called for the 31st of January
for the purpose of considering and vot-
ing on amendments to the com0anys
articles of incorporation, which pro-
pose to increase the capital stock from
IS, zoo TO 1900 shares, thereby making
the capitalization $3.000,000 instead of
81, SOC. 900 as at present. This is pro-
posed for the purpose of taking in the
half of the property owned by the
Hearst Haggin syndicate. and putting
an end TO the existing contentious. Mr..
Daily comes home with assurances that
when the company takes this action
everything will be speedily Strengthened
out and he hopes TO have the mine
running in full blast by the 1st of
March. This will be glad news to
everybody.
THE ANCHOR MINE.
| Although this property, which adjoins