The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-27
Famous Park City Nine to Be
Operated.
CRESCENT HILL COMP ANY
SALT LAKE CAPITALISTS BE-
HIND THE PROJECT.
New Company Owns All of the Old
Crescent Property and VIII oper-
ate It On Vigorous Scale-Sys-
tenn of Drainage to Be Devised
History of the Old Company.

With a capital stock of 500, 600, dl-
vided into shares of the par value of 81
each, the Crescent Hill Mining com
pany came into existence by filing its
articles of association with the county
clerk of Summit county, at Coalxille
on Tuesday. Park City is named as the
companys principal place of business,
and the incorporators are w. S. McCor-
nick, Josiah Barnett. Josiah Barnett,
trustee: John II. Reese. John n. Reese.
trustee, and Thomas W.. Jennings, of
Salt Lake City; w. V. Rice and d. c.
Mclaughlin of Park City, and David D.
Erwin and D. d. Erwin, trustee, of
Muskegon, Mich.
The first regular meeting of the
stockholders to elect the officers of
the company will be held on the third
Monday of January in 1900 and until
such meeting is held and said officers
elected, the following named parties
and stockholders will act as directors:
W. S. Mccormick, D. C. Mclaughlin,
W. V. Rice, John II. Reese and Josiah
Barnett, with w. s. Mccormick as
president; w. V. Rice, vice president,
w. Mont Ferry, secretary, and Josiah
Barnett. treasurer.
The following named mining claims
constitute the property to. be incor-H
porated. viz. The Pinyon, the Pinyon-
Extension, except 2.55 acres. sold prior
TO 1896; the Rebellion, the Hecla, the
Aetna, the Tidal Wave, the Mulkahey.
the Shamus O'Brien, the Climax, the
James "A. Garfield, the Samuel the
Bible Back, the Senate, the Fallon, the
Walker and Walker Extension and the
Buckeye; also the Crescent Tramway,
so called. extending from said mining
claims to Park City, with all the
equipments, franchises, privileges, etc,
belonging to any and AL of said prop
critics, all in Uintah mining district.
Reorganization of Crescent.
Behind the formation of this COM
pany, which amounts in reality to a
reorganization of the old Crescent Min
ing company Of Park City-as the.
property owned by it is Identical with
the holdings of that corporations
some history worth telling ait this time.
Away back in the early 'SCsi several
mining companies were operating on
what is known as Crescent hial, and
several OF them consolidated and
formed the Crescent Mining company 4
One organization, the Wasatch COM
pany, failed to go in on the terms Of
fered, but it turned its property over
to the company at a price agreed upon
and took mortgage on the whole to
secure payment. Litigation followed
and many side issues prevented the old
w dScllNlt COlilPoiiy liOlil 5CblliiSs q
tlement until something like a year and
a half or two years ago, when all the
property described above, and consti-
tuting the entire holdings of the Ores
cent company. was bid in by H. G.
Mcmillan and D. c. Mclaughlin, as
trustees, to satisfy the Wasatch COM
pany's judgment. amounting to. princi-
pal and interest, between $4,000 and
$50, OO0
w. V. Rice, one of the directors of the
new company, said last evening that
little could be done this winter, but
that matters would be got in shape
for an active campaign next spring.
This announcement means much for
Park City, as the combination now in
possession OF the mine is composed of
energetic and aggressive men, who will
more than make up for the several
years of idleness which the property
has suffered.
Last summer The Herald mentioned
the fact that a right-of-way was being
secured through ground lying between
the Anchor and Crescent mines, and
at the time expressed the belief that it
was being done in the interests of some
one who intended to operate on Cres-
cent territory. Mr.. Rice acknowledged
last evening that he was the party who
had been securing that right-of way,
and itewaS. in anticipation of the for
nation of the Crescent Hill company
that he did it. Some project he said,
of draining the ground would have to
be devised, but it was too early yet to
say just what would be done. Ar
rangements, he thought. could be made
to drain through the Anchor mine, but
the company might decide on some
other plan. All he could say now was
that the mine would be actively OPP
Grated next year.