The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-14
DEEDS HANDED OVER
AND THE MONEY PAID
Great Stroke BY Colonel Conrad
and Captain Curtis.
Purchased the Property a Year Ago
r For a Sum Below $75, 900
Parties Refuse to State the Con-
sideration In Yesterdays Deal,
But the Deed Carried $500 Worth
of stamps-Curtis Will Now De-
velop the Glenco.

AT II O'Clock yesterday morning a
deal was consummated in this city
whereby the Silver King Mining COM
pany became the owner of the property
embraced in the Massachusetts, Mining
company's possessions at Park City.
At the hour named the officers and di-
rectors of the Massachusetts met with
the attorneys of the Silver King COM
pany in Colonel j. III. Conrad's office,
where deeds to the property were sur
rendered and a check calling, it is said,
for 100000, was passed over in full
payment for the mine No one inter
ested in the deal would state the price
at which the sale was made, but from
another source it was learned that $500
worth of revenue stamps were attach
ed to the documents, and as only 81
on $1,000 is required as a revenue tax,
100000 is given as the figure.
President William NJ. Curtis of the
Massachusetts company said he was
willing to tell all about the transaction
with the exception of the price, but
that, it had been agreed, should not
be made public. He stated, however,
that the figure was much greater than
most people would imagine The deal
had been pending for a few days only,
Mr.. Curtis said, and embraced the en-
tire holdings of the Massachusetts COM
pany, consisting of seventeen patented
claims, included in which was two
claims recently purchased from Judge
Thomas Cupit of Park City.
Made Good Profit.
It was Just a year ago this month
that Messrs. Conrad and Curtis came
into the ownership of the Massachu-
sets by purchase from the original
stockholders, and though the price at
which 1t was secured by them was.
never made public. it is believed to
have been at something like 40 cents or
80 cents share, or not to exceed $4,000
for the mine.
1t was designed then to commence
active operations at once, but when
Mr. Curtis went into the works which
had laid idle for wears, he found that
thieves had gained an entrance and
stripped the engines, pumps and every
other piece OF MACHINERY about the
place of every particle of brass and.
copper used in their construction, at
least every piece which they could get
at. even to the seats in the valves OF
the biz steam and water columns.
long delay and an expenditure of sew
eral thousands of dollars was OCCASION
ed by this wanton destruction of prop
erty. and aside from getting the plant.
in shape and learning that the shalt
was in good repair. little Of consequence
was done at the mine until early TINS
summer. when three shifts Of men We're
mt Ia work on the 300 level, and later
the same number on the 600.
Struck a Big Ledge.
A big ledge was encountered on the
900 level and some remarkably rich ore
was uncovered, and lately all possible
speed has been made in the drift on
the 500 to open the vein at that depth.
From the pitch of the vein, as exposed
in the 800, it was estimated that some
thing like 1900 feet would have to- be.
run on the 600 to make connections. II
the course of that drift lay very far
north of west, by the time the ledge
was cut it would be in close proximity
to Silver King territory and the wise
ones argue that the latter company had
reasons for not wanting to see the Mas
sachusetts people reach their vein at
that point, hence the Kings willingness
to give a good price for the mine
Will Take In Alliance.
AS there is no doubt in the wosld that
the Alliance property will also become
a part and parcel of the Kings posses