The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-19
Dividend of Ten Cents Will Be De-
clared Tomorrow.
PROPOSED SALE OF MILL
MR.. CUNNINGHAM HAS MADE
SEVERAL OVERTURES.
Samuel Mcintyre Jr., Talks About
Condition of the Property-Doing
More Prospecting and Working
More Men Than Before-Expect to
Pay Regular Dividends.
Especial Correspondence

Mammoth, July 1S.-Your correspond
emit has had lengthy interview with
Samuel Mcintyre, jr., with reference to
the rumored purchase of the big NAM
moth mill by J. A. Cunningham. When
asked by the writer if the report had
come to his ears, he replied quickly:
Certainly, a number of times; but 1
do not believe there is anything in it.
Not that 1 think Mr.. Cunningham does
not want the property, because l am
satisfied he does, because he has re-
peatedly made some overtures in that
direction; but he does not seem to es-
TEEN ii with the same valuation as the
Mammoth company does. However. the
mine is what Mr.. Cunningham really
would like to buy, and he has recently
asked for the best price and terms, but
the figures father made him seemed TO
have scared him off entirely. OF course
1t is the most natural thing for Mr..
Cunningham to want the MILL because,
if conditions should compel the COM
pany to close the mill, Mr. Cunning
hams railroad would stop running, but
if he owned the mill he could easily
make deal with the Grand Central,
and, in fact, several mines. and he
would run no risk. But as things are
running now, there does not seem the
remoteSt possibility of closing the mill.
Mr.. O'Rourke, the superintendent, re-
ports a better showing than ever from
the milling dirt going down. 1t is true
that just at present we are not sending
such tonnage to the mill as Mr.. Earle
did, but we will, because we are doing
more prospecting and working thirty
five more men in the mine. Our pay
roll, which l am now making up. in
cludes the names of 100 men, and under
Mr.. Earle's SUPPLEMENTARY 125 was
the greatest number at work.
We have opened a fine body of ore
between the seventh and eighth levels.
where no explorations, apparently, had
ever been done, and as for the 1880. the
best shipping we handle is coming from
that point, but in such ground as has
been opened since Mr.. Earle resigned.
But the best proof of the pudding as
TO what the new management has done
is that in August we will declare a div
idend of 10 cents per share, or $40, OO0
Our increased force of men in the mine
will make a still better showing in a
short time. You can't run a big mine
without doing lots of prospecting and
exploring, and have the ore bodies hold
out. You may quote me as saying that
we are getting ore from several places
in the Mammoth where ii was never
obtained until the new management
assumed charge.
so far as the mill is concerned, in
my opinion, the whole trouble arose be-
cause there has not been sufficient care
used in sampling and sorting the ore
close enough at the mine. All the
thought seemed to be to see how much
could be sent down.
When asked if he cared to say any
thing with reference to refuting the
charges published some days ago by a.
Salt Lake morning paper. Mr.. Mcintyre
declared emphatically that it was of no
consequence at all, saying: IF it were
necessary we could disprove every
statement. No one Of any standing
credits the statement. The correspond
ent was simply misguided in champion
ing the ex-superintendent's cause
that's all. He laughs best who laughs
last and We'll let it go at that