The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-12-31
THE DAILY.


the upper levels.
THE DAILY.
Next to the great Silver King the
Daly-West has created more of a stir
and been oftener in the public eye dur
ing the year than any mine in the
camp. 1t has only been producing since
June, but the price of its stock has
doubled in value during the year; it
has paid $4,000 in dividends in two
months; bought $4,000 worth of new
ground and water rights, made many
additions and improvements to its 100
ton concentrating mill and has still
large surplus in its treasury
Early in this year the owners of one
half of the property, constituting the
basis of the Daly-West company, who
had previously refused to go into the
Incorporation effected by John Js Daily,
on his half. in 1898, capitulated, and the
capital stock was increased from 10000
to 10000 shares, the outstanding own
ers-Messrs. Haggin, Hearst, Chamberd
and others-accepting the $4,000 shares
of stock for their interest in the twenty
claims on which the Incorporation was
formed. Shortly after officers were
elected, and Mr.. DAILY was named as
president and manager of the company.
Preparations for resumption We're made
and in June the mine. which. under MIR.
Ddly ) uHecllOIl, udu previously piO-
duced 12,77S tons of ore, containing
GA, 1873 ounces of silver, SIS ounces of
gold and 1912 tons of lead, which sol-
for S364,14 was again placed among
the shippers. The company then pur-
chased a one-third interest. in the Sill
yer Lake Water company, which in
sures it a continuous and ample supply
for the future. Later the fifteen pat
ented claims of the Morgan Mining
NV l7ac cd SIM 0lA
Since Mr.. Daily first began to accu-
mulate the present holdings OF tho
Daly-West company-more than TWEEN
ty years ago-something like 100000
has been expended in securing ground,
and Improvements. The last thing to
happen which brought the property so
prominently before the public was the
securing of an option by J. e Bamber
ger on the holdings of the Ivanhoe COM
pany-representing the Hearst-Haggin-
Tevis interests-at 1888 1-3 a share, an
option which is still pending, and which,
if taken up, will put the control of the
mine into the hands OF Mr.. Bamberger
or those for whom he may be acting.
The annual meeting of the company
occurs next month, and it is believed
that by the time it is held something
will have happened to place the control
of the property in entirely new hands
But, as the manager OF a Bingham
property recently remarked, no mat
ter who owns it. the mine is there"
The DalyWost mine is opened TO
depth of 1,400 feet, and up to the time
resumption began last spring, about
Is, 900 feet of work in levels drifts, up
raises and wines, was performed.
Since last May much more development
work of a very important character has
been done, but the measurements have
not yet been made, so the figures were
unobtainable. There are employed in
the Daly-West mine and mill at the
present time 200 men.
THE ANCHOR.
The Anchor company has also made
a good record during the year and is
now in shape to do much better during
the year now commenced. For about
two months in the year not much in the
way of production was attempted, for
during that length of time the company
was without milling facilities The old
mill was located mile or more down
the canyon from the mouth of the tun-
mel, and ore had to be hauled to it by
team. 1t was getting pretty shaky,
anyway, 80 early last spring it was de-
cided to erect a new one near the
mouth of the tunnel. The new mill,
an excellent picture of which is given
elsewhere, has been completed and in
running order for nearly two months.
1t is a model plant, capable of handling.
with present equipment, $50 tons of
crude ore every twenty-four hours. The
mill cost, with the tramway running
to it, about $4,000. A sixty-five-light,
four-kilowat generator and ten horse
power engine has just been installed to
light the plant
The Anchor mine contains about U.s.
900 feet of levels; 600 feet of work was
performed during the year in raises,
inclines and wines, over 200 cubic
yards of stations was excavated, while
$50 yards of stopping was done. There
has been an average of over 100 men
on the payroll throughout the year,
with 200 on the list in December. The
Anchor mine was never in such a.
healthy condition before; it never pos
sessed anything like the milling facili-
ties it now enjoys, and if it is ever
going TO pay dividends. this year ought
to see them forthcoming.
THE SILVER KING.
The mine among mines of the dis
trict, the pride of its owners, the mar
vel of the state. Ten years ago every
foot of territory embraced in the boun-
dairy lines of its upward of 100 claims
belonged to the large family of pros
poets" which go so far toward making
up the sum total of the area of nearly
having been in operation about nine
years. and after having paid $245O, 600
in dividends, it is conservatively esti-
mated to be capable of paying S10,QG0,-
600 more to its stockholders without
penetrating another foot of virgin
ground beyond the limits of the levels
now open or going a single foot deeper
The mine is now open to a depth of
LOO feet, the last 200 feet of the shaft
having been put down early last spring
The ore bodies are so large that the
production up to date has come mainly
from the drifts. cross-cuis, raises and
wines which have been rum made
and sunk for the purpose of blocking
it out.
In the management and development
of this most magnificent property
Thomas Kearns, the superintendent
and one of the heaviest stockholders.
has displayed splendid judgment and
sagacity. He has insisted always in
keeping as many or more men on de-
velopment work as he had on ore, and
today there are not less than 100 men
employed in reaching out in this and
that direction to learn what lies be-
yond. 1t is owing to SO much work
of this character being performed that
the production of the mine Is not larg-
er. The double-compartmen shaft is
taxed to its full capacity in the hand
ling of the ore and waste which is
daily broken down, and before the ton
mage 81 the property can be materially
increased. one Of two things has got to
happen either dead work will have to
be eased up on or another avenue
through which ores can be brought to
the surface will have to be provided
That something will be done during
this year to facilitate production. there
fo