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

the DAILY Jest, owns an immense area
of ground, it has as yet paid no diyi-
dendS. The management OF the mine
has. however, kept up steady, persist
ent and extensive development Work
and during the whole time in which
The Ontario has been shut down, on ac-
count OF the price of silver this mine
has been open and made to pay its way
During the long, weary months of mac
tivity tie Anchor has been one OF the
mainstays Of the camp. The mine is
being explored on a gigantic scale, and
being located in the heart of the min
eral zone, It is only a question of time
when its plUcAy stockholders will reap
their reward.
THE MORGAN NINE.
This is another property of great
promise, upon which work has been
prosecuted in a very desultory manner
only during the year. What the pur-
poses Of the company are for the COM
ing year cannot be learned, but an
impression has gained currency that
the property will be absorbed either by
the Daily or Daly-West companies, both
of which it adjoins, before a great
while.
THE MASSACHUSETTS
The control Of this property having
recently passed into the hands Of Will
lam n. Curtis and associates, after
several years OF idleness, is now being
Systematically worked, and develop
ments made on the 600-level within the
past rev days are of such a nature that
superintendent Curtis is feeling in high
spirits. That the Massachusetts will
soon be among the shippers, no one at
all familiar with the property doubts
for moment.
THE ALLIANCE
is also being worked with three shifts
and superintendent n. Treweek, after
inspecting the property the other day,
said that any shifts work might bring
them into ore. The contact recently
cut in this property is identical with
that in the Silver King and must be a.
continuation o. it. The work now be-
ing done is confined to drifting on this
contact and sooner or later the ore
must be encount red.
THE GREAT SILVER KING.
This phenomenal mine runs along
month in and month out extracting
from 100000 to 100000 pounds of
frst-class ore and piling up immense
reserves of second-claSs, besides sup
plying the Weber & Kearns mill with
sixty or seventy tons a day during the
season.
The mammoth new mill on this prop
erty is nearing completion and by the
time spring opens it will be reducing
anywhere from 100 to $50 tons of second
class ore a day, and that, very likely,
in addition 10 the amount handled by
the Weber q Kearns plant, which is
operated on a royalty.
The Silver King is stocked for $780,
600, its number of shares being 10000.
1t pays dividends of % cents a share
monthly and is capable of paying twice
that amount for years and years to
come if the management felt disposed
n 1aes
serves are the marvel of the district.
This company also has a gold ledge
running through its mining claims
which is not being drawn upon for an
ounce of ore. 1t is described as being
very regular ard uniform in size and
its average width is fourteen feet; it
carries from SIS TO $14 in gold TO the ton
with scarcely a trace of any other
metal in the rock. King stock is quoted
at $50 TO S3S but very little of it ever
changes hands, and it is doubtful if
the control Of the property could be
bought at double those figures.
OTHER PROPERTIES.
In connection with the big mining
propositions enumerated above, should
be mentioned several other corpora
lions, groups of claims and prospects
that have shown considerable activity
during the best part Of the year ard
which only lack to make them pro-
ducers, in some development and in
others money with which to do develop
ment work, and, in this connection, it
should be stated, for it is only the
truth, that nowhere in the west are
better opportunities to be found for the
profitable employment of capital than
right here in Park City, where enough
mines have already Joined the list of
producers and dividend-payers to con-
vince the most Skeptical that nerve and
dollars are all that is needed mick
" double the list
The Thunderer group, owned by
William NJ. Curtis. is a gold PROPOSE
tiOn. The property is one of the most
eligibly located in the camp and be-
fore the year has gone by a big
company organized to develop it.
Miners Of good judgment believe
Mr.. Curtis gold ledge and that
formed in the King to be one and
the same, though the values in the
Thunderer are said to be far and away
in advance of the values in the King.
Much OF the Thunderer ore is said to
rGn considerably over 500 to the ton
and is of such a character that every
ounce of it can be economically treat
ed. This is an opening for men with
money and push that viii soon be
gobbled uD.
The Creole is another property that
has all the Indications of making a fine
mine. II has ore at several points in its
workings and Onl=T awaits the magic |
touch of capital TO make it a producer.
1t is located only a half mile from the
railroad deDots and if in any other
camp but this would be working a
hundred men at least. The Creole is an |
incorporated company and the right !
kind Of men, We believe. could get hold |
of it on reasonable trens.
The Kentucky group, which adjoins |
the Creole is another splendid chance !
for the investment of capital and some |
day it viii be made a splendid mine.
The Cumberland is another incorpor- |
ated company, owning and working |
ground on the same hill, close to town, |
but it, also. needs a touch of the magic /
wand TO bring out its possibilities.
The Alice situated in Woodside can |
yon, below the Cumberland, is another |
property of promise. It has been work |
ed steadily for the past two years or |
more under lease and bond held by |
Park City and Salt Lake parties. It is /
equipped with a. good whim and has a |
shaft 400 feet deep, together with many
feet Of drifting. Several thousand |
dollars have been expended on this |
property and the plucky leasers say
they propose to stay with it till a mine !
is developed.
Off to the west from the properties |
named and beyond the King, Alliance |
and Anchor is q great area of mineral /
land which embraces such properties as
the Crescent, Apex. Boss, Silver Key.
Donovan group. Jupiter, West END.
Comstock. Rosscamp group and other
4,