The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-09

A few weeks ago reports came up
from Milford that mining men and ex-
perts were numerous in that section,
being there for The purpose of LOOKING
over the copper deposits in the Beaver
Lake. Rocky and Star districts. Sew
eral deals have been contaminated as
result of these Investigations. which
have been followed up by the inaugur-
alton of extensive development work
IN the districts named
The first property of Importance
gathered in was the Marguerite group,
Incorporated as the Copper Ranch MIN
ing company, by Gill 5. Peyton and
Boston associates: later on the Ca
madam and Calumet Copper companies
took in other valuable properties IN
that section. p. a. II. Franklin, also
backed up by a Boston crowd, Is doing
some extensive work in Copper gulch,
and from all reports he seems to nave
big copper bonanza in sight.
II has Just leaked out that another
syndicate of Boston capitalists mas
taken in no less than thirty mine claims
in tt Beaver Lake district, including a
majority OF the stock of the Beaver
Lake and Skylark Copper Mining COM
panies, rhe properties of which are IN
the vicinity of and adjoining the
ground of the Copper Mountain Mining
AZ Milling company, one of the most
promising propositions IN the whole
district.
Ii has been known for some time that
sorie one was quietly gathering up
everything they could get hold OF IN
the Beaver Lake district. Just who
the parties were no one seemed TO
know, but now it has developed that
the Boston syndicate has been repre-
scented here by Thomas Burton Everett.
Who the parties he represents are can
not be learned. However, it is said he
has behind him some of the biggest
nloneyed men in Boston, as well as a
number of English capitalists, who
have plenty Of money TO put into Utah
mining investments.
MIR. Everett returned from the east
a little over a month ago, and opened
an Off, e on the third floor of the Com
mercial block. He was visited by a
Herald representative several times,
but other than saying that he was look
ing after his mining interests, he gave
out no information.
Mr.. Everett left for the east last
night to confer with his principals, and
it is said he has not confined his oper-
atoms alone to the southern country,
but also has a big Bingham PROPOSE
ton tied up for his associates
1t is limited that something of I'M
portance will develop before his return,
and from reliable sources it is learned
that the erection of a smelter is one of
the things contemplated for the near
future. A gentleman coming up from
Milford says he knows it TO be a. fact
that surveyors have been in that sec
ton and located millSite for Mr..
Everett's people.
The Beaver Lake district is located
five miles west of Smiths ranch, on
he Short inc and a hO1lf an
equal distance from Milford and Frisco.
The district embraces in its environ
ments one of the best mineraliZed por-
lions of the state. Silver and lead
abounds there, but the predominatlng
metal is copper, associated with gold.
In The past the silver-lead propositions
were about the only ones looked into,
and it is only since copper became in
such demand that the country has at
tracted any attention, although the
surface groupings of that metal We're
extraordinary. But in years gone by
copper was not wanted, and that eN-
plains why thu country has been neg
lected and remained undeveloped for
"a long.
Mr.. Deidesheimer, the well known
mining expert who visited the country
not long ago for the purpose of making
examinations. said ne was surprised
that the country had not received at
tention before now.
Milford is becoming a prosperous
mining camp. With the opening of big
copper mines in that vicinity, it is GER
tain to be a place of Importance.
Since MIR. Everett acquired his hold
ings in the Beaver Lake district he has
started work on the S<ylark group, a
force of men are driving a tunnel to-
wards the main ledge, which is said to
contain good copper values.
1t could not be ascertained what the
Boston people pay for their Beaver
county interests, but it is safe TO say
It runs we'll up into the thousands.