The daily morning journal and courier., 1899-11-20
BINGHAM AND EASTERN.
4 LETTER FROM THE PRESIDENT
 OF THE
Bingham and Eastern Copper Mining

Company 0 In tcrest to Stockholders.
 Salt Lake City. Nov. r. 1899.
 Israel A, Kelsey, New Haven, Conn.,:
 Dear Kelsey: You no doubt have
 been wondering why you have not
 heard from me ere this, but the fact
 of the matter is ,have been so con-
 stantly at the camp that I have had
 little time or opportunity to write let l CTS.
 I wired you some days ago, briefly | that the results of my investigations
 were very satisfactory, and that in my | opinion, the mines when fully devel- oped will be equal to the Highland Boy.
 l have very thoroughly investigated our properties, as we'll as other leading properties in the camp. l am con vinced that Bingham is going to be a great copper camp. That it will be a close rival to the Lake district in Mich-l igan, and to the Butte district in Mon .ana.
 dHl dlsO SdilSlleu lildl OulS IS OIle of the best properties in the camp. I have seen no property here that has greater possibilities. We unquestiona- ply own immense bodies of ore. All the mines need is plenty of work. We are making good progress in the Little Cottonwood tunnel, and are likely to get into a big body of ore any day now We ought to be working faster than we are, however; in fact we should be driving two or three different tun- nels at the present time. There are so many good veins on our property that we could work to advantage on several different claims al once If we push the work as it should be, my opinion is, that we will have big producing mines in few months
 We are driving the Little Cottonwood tunnel on a vein, and the quality of the ore is improving every day. The ob- ject of this tunnel is, not so much to work the Cottonwood vein, .as to tap the Jersey Blue vein at a good depth, thus gaining big stopping ground, and to cross cut to the Big Giant and the l. X. L., both of which have splendid showing. This tunnel will also cut the big cross vein which runs north from the Highland Boy, crossing the Yampa Phoenix, our property, and the Cuba. Botlf the Phoenix and the Cuba, one adjoining us on the south, the other on the north, have cut into this vein, and demonstrated that its width is from 35 to 40 feet This is an enormous vein, and contains very profitable ore. Our surveys indicate that we will cut the vein at about 100 feet from the present breast of the Cottonwood tunnel. This will give us greater depth than either the Cuba or Phoenix have in their and will doubtless show the vein to be of even greater width and better quality than the showings of the i aforementioned properties.
 I have talked with quite a number of the prominent, practical mining men here, who are in no way interested in | our property, and the universal opinion | is, that we have a splendid property | that cannot fail to be a big producer.
 I have been through some of the | largest properties in the camp The | Highland Boy mine is shipping about 1 300 tons of ore a day to their smelter, | and they are shipping 100 tons of ingot | copper every week. I went through the United States mine. They have thous- ands of tons of ere in sight, and are | working large force of men. Their told me they did not in- | tend to ship any ore for some time, as they are going to erect a very large ! shelter of their own, and wish to save the profits of the custom smelter. This [ policy is alright for very rich con- cern that can afford to wait, but would [ hardly do for us. My policy would be | to ship our ore to custom smelters un- III the mine is opened up in big way, md then to continue custom shipments | while we are erecting our own plant, .hus earning something as we develop.
 Bingham mines seem to be in good demand. A number of big sales have been made to eastern parties since I irrived here. There is a good deal of western capital going into Bingham ,lso
 We have made no mistake in our in- yestment. It only remains to vigorous y push the work to make our property me of the prominent producers of the amp. am going up to the mines again tomorrow Can't say just when
 shall return to New Haven.
 I think the directors should decide o market another block of treasury tock.
 As I said before, we can work two r three times the present force to ad- antage, and ought to do so. Now that have seen the property and am so well atisfied with it, I shall have no hesi- ancy in urging my friends to invest ghen I come back, but I may not re- urn for two or three weeks. I shall eep you posted on progress of work
 Very sincerely,
 c. E. Graham.