The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-13

through whose energy and business
tact the property was fioated for the
Utah owners. DR.. ]. w. Bracken, Jonn
q. Duggan, Manuel Ranch, Walter {.
Hazelgrove, c. II. Lashbrook of Blng-
ham, and Frank Pence of San Fran
cisco.
The purchasers are Charles Z. Ora
ham, Jerome Kennedy, James B. Col
Inns of New Haven, Conn, and Charles
Burr and others of A1iddletown, Conn,
who are to incorporate the ground as
the Bingham & Eastern Copper COM
pany, under the laws of Virginia.
These parties sent Colonel l. S. Pine
and ]. Birney Tuttle. the latter wen
known attorney of New Haven, out to
examine the property, everything be
ing satisfactory TO them, their eastern
principals authorized them to consum-
mate the deal.
The property is located in one of the
best mineraliZed portions of the West
Mountain mining district, lying be
tween the Cuba and Highland Boy
lodges. The transaction involves, alto
gether, 5000.
In the county recorders office, where
the contract for sale of the group was
filed late yesterday afternoon, the
terms of the sale are enumerated; and
from the papers there it is shown that
$1,000 was paid several days ago, and
Si.DVU was ItttlNeu
the National Bank of the Republic, as
the second payment yesterday. On
June 80, S., 800 Will become payable, and
on or before Aug. 81, s., 500 will be due.
The balance of the purchase price of
$4,000, that is, Sos. 900. Will be payable
on or before Dec. 81 of this year. when
John c. Dugan will convey clear title
10 the Bingham & Eastern Copper
Mining company to the following ten
mining claims: The 1. Y. L., Jersey
Blue, Manila, Gilmore. Albatross, Har-
rison, Howard. Chandler Brothers. Lit
tie Cottonwood and the Big Giant.
Previous to the filing of the contract
of sale, a quit claim deed from John
A Kirby, Charlotte I. Kirby and Wal
ter c. Hazelgrove and wife to Mr..
Dugan was filed for record, conveying
title TO the Big Giant, Little Cotton
wood and Manila claims, fer a consid-
Grafton of $1,000.
The property has been quite extern
siveiy developed, and on the Jersey
Blue, two 500-foot tunnels have been
driven; on the ]. Y. L another tunnel
700 feet long has been built, with an
upraise TO the ore bodies in the Jersey
Blue workings.
Shipments Of ore have been made
from these claims in the past, for which
q total of $4,000 was received by the
former owners. The ore is said TO be
of a good grade, showing assay returns
of 5L3 per cent lead, S33 ounces silver
and $50 ounces gold.
During recent development ore was
struck in the Little Cottonwood show
ing values of 81 per cent lead, 81 per
cent copper, II ounces silver and $1.40
in gold.
Mr. futile says that the new owners
will inaugurate some very extensive de-
velcpment work at once. and just as
soon as possible a concentrating mill
OF g. capacity of 100 tons day will be
erected. Plans and specifications are
already in the hands of one of the gen.
tleanen connected with the enterprise.
in which it is estimated that the cost
of the plant. when completed, will be
something like $4,000.
Before the deal was finally closed,
Colonel Pine secured the services of L.
p. Jennings. consulting engineer of the
Highland Boy. who examined the
ground and made a favorable report