The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-12
COPPER BULL TALKS
Great Possibilities For the Red
Metal.
PRICE MUST STAY UP
NO CHANCE FOR A GLUT IN
THE MARKET.
Bingham Considered By Eastern In
vestors a Decidedly Favorable
Field For Their Capital-New-
house Sale Started the Interest In
"Old Reliable" Camp.

An fastener who is here to look after
mining interests in Bingham, was
asked yesterday why it is that Bing-
ham propositions are more popular, and
more readily taken up by investors in
the New England states than those in
any other Utah camp at the present
time. He said little attention had been
paid to Utah and in fact very little
was known of the vast mineral re-
sources of the state up to about the
time Sam Newhouse and associates dis
posed of Bingham interests for large
sums of money.
when it became heralded through
the newspapers and among capitalists
of the east that Newhouse had dis
posed of a half interest in a mine for
Sc, 900 it set them to talking about
Bingham. People back there have
heard more about that camp than any
other and that is why it gets more at
tention than any other Utah camp.
When it becomes thoroughly known in
the state just as rich in minerals,
money will find its way into those
camps.
Our people want copper and | never
dreamed of there being so much of it
in Utah until / came here this time. l
tell you the state has a great future be-
fore it and the next few years will see
an era of prosperity in this state I'M
precedented. In Boston today there is
more talk about Utah as a field for
mining investments than any other
state in the west
When it was suggested that the
boom in copper might collapse. the
speaker claimed that it would be i'm
possible, at least for a good many
years to come.
The present demand for the metal"
said he, lis greater than the supply,
growing out of it's uses in electric ma
chinery. besides many other places in
the arts and sciences which the red
metal is called upon TO fill. Under
these conditions the market cannot be
glutted for a. long time and there is no
two ways about il, copper must and
will keep up.
I'VE are entering a copper era The
copper age will he the most progressive
of any ever known to the world. Great
wonders will come about through the
ingenuity of man and copper Will play
a leading part in the drama Electricity
is in its infancy yet. 1t is only ques-
ton of a few years until our railway
trains will cross the continent with
electricity supplanting steam for mo-
tive power. Think of the other uses 70
which it will be put in the operation of
mines. mills, factories, and a thousand
and one other ways. When you stop
to think of these things and consider
that many parts of the world have
never seen the glare of an electric light,
in the line of progression, / ask the
question, can the price Of copper de-
crease? The introduction of the red
metal makes all these achievements
possible. The supply can't equal the
demand for it for the next ten or
twenty wears.
Another reason people want copper
is because copper mines pay dividends.
When the records are looked into it is
undisputable that mines of that char
acter have paid greater dividends than
any other"