The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-10-16
THINGS COMING HIS WAY
j. n. Conrad Fast Becoming a
Millionaire in Utah.
MINING DEAL
me Massachusetts,, Purchased for S76,-
600. Brings Its Owners 100000.
A Rich Ledge Encountered
in the Property.

j. H. Conrad is bringing things his
way down in Utah. A year ago he
and William M. Curtis of Salt Lake
purchased the Massachusetts mine at
Park City for $4,000, and the other day
they sold the property for 100000. The
Salt Lake Herald tells of the deal as
follows:
AT IL o'clock yesterday morning n
deal was consummated in this city
whereby the Silver King Mining COM
pany became the owner of the prop
erty embraced in the Massachusetts
Mining company's possessions at Park
City. At the hour named the officers
and directors of the Massachusetts met
with the attorneys of the Silver King
company in Colonel j. H. Conrads
office, where deeds to the property
were surrendered and check calling,
it is said, for 100000, was passed over
in full payment for the mine. No one
interested in the deal would state the
price at which the sale was made, but
from another source it was learned
that 5000 worth of revenue stamps
were attached to the documents, and
as only 81 on $1,000 is required as a
revenue tax, 100000 is given as the
figure.
President William NJ Curtis Of the
Massachusetts company said he was
willing to tell all about the transac-
ton with the exception of the price,
but that, it had been agreed, should
not be made public. He stated, how
ever, that the figure was much greater
than most people would imagine. The
deal had been pending for few days
only, Mr.. Curtis said, and embraced
the entire holdings of the Massachu-
sets company, included in which was
Judge Thomas Cupit of Park City.
1t was just a year ago this month
that Messrs. Conrad and Curtis came
into the ownership of the Massachu-
sets by purchase from the original
stockholders, and though the price at
which it was secured by them was
never made public, it is believed to
or so cents share, or not to exceed
$4,000 for the mine
1t was designed then to commence
active operations at Cnce but when
Mr. Curtis went into the works which
had laid idle for years he found that
thieves had gained an entrance and
stripped the engines, pumps and every
other piece of machinery about the
place of every particle of BRASS and
copper used in their construction, mt
least every piece which they could get
at, even to the seats in the valves of
the big steam and water columns. A
long delay and an expenditure o. sew
eral thousands of dollars was occa-
stoned by this wanton destruction #
property, and aside from getting the
plant in shape and learning that TIE
shaft was in good repair, little # con-
sequence was done at the mine until
early this summer, when three shifts
of men were put to work on the 500
level. and later the same number on
the 600.
A big ledge was encountered on the
300 level and some remarkably rich Gre
was uncovered, and lately all possible
speed has been made in the drift on
the 600 to open the vein at that depth
From the pitch of the vein, as exposed
in the 300. it was estimated that some
thing like 1900 feet would have to be
run on the 600 to make connections. If
the course of that drift lay very far
north of west, by the time the ledge
was cut it would be in close proximity
to Silver King territory, and the wise
Cnes argue that the latter company
had reasons for not wanting to see The
Massachusetts, people reach their vein
at that point, hence the Kings will
ingness to give good price for the
mino.
AS there is no doubt in the world
that the Alliance property will also
become part and parcel of the Kings
possessions just as soon as the trans
fer can be legally made, that company
is now as near free from any chance
of litigation as it is possible for a
mining company to get.
In the closing of this transaction
Colonel Conrad becomes the Sossess'or
of comfortable fortune and Captain
Curtis also pulls down a large sized
sum, nearly the entire 900 shares
having been owned by the gentlemen
named.
As Manager Kearns of the Silver
King is out of the city, it is impossible
to learn what the company intends to
do with the Massa chusetts, but it is
hardly likely that any work will be
done in it by the new owners, at least
for the present.