The daily morning journal and courier., 1900-02-08
SUCCESSFUL ENTERPRISE.
Splendid Progress by the Bingham an

Splendid Progress by the Bingham and
 Eastern Copper Mining Company.
 Local shareholders in this company, which is local in it's management and control are very much gratifed at the
 recent showing made. While interest Ted New Haven parties have been ex- | pecting returns on their investment in
 thls enterprise at. no distant day, a
 good deal of satisfaction Is felt because
 the indications now point to substan-
 tlal returns in a comparatively few
 months, at the outside.
 In these days when numerous stock
 jobbing schemes are being tloated at
 the expense of the small investor, con- siderable local pride is felt at the steady
 progress of this enterprise toward com-
 plete success. It is a we'll known fact
 that those who have investigated the
 merits of the Bingham & Eastern Cop per Mining company's securities, that the management at the outset estab- lished an economical policy, which has not only been carried out to date, but
 will be continued. The success of this
 company to date is due to the fact that,
 while splendid piece of partially de- veloped mining property was secured in the beginning the management have persstently and intelligently pushed development work In the face of an im-
 mense amount of prejudice, which has
 been, and is being created, by the fo-
 tation of stocks based upon little or no value, ill so-called mining properties
 The first news of an actual encounter with body of ore of any consequence was, received at the company's office on the 10th of last month. A cross vein in the Little Cottonwood tunnel was en- |countered, which measured from IS to 20 feet where 1t was cut It Is of in- terest to note that the out crop of this vein at the surface measured but be- tween two and three feet, thus proving exclusively that this vein, as well as all others in the Bingham & Eastern group (where short exploration tunnels have been run) is of the same character as the richest veins which have been profitably worked in neighboring prop critics, and which are now producing handsome profits. In other words, the character of the veins which are allud- ed to is that they widen and become much richer with depth.
 Immediately following the strike re- ferred to in the foregoing paragraph, Superintendent Dugan came east for conference with the management at New Haven, as to plans for larger develop ment, including the erection of con- centrating plant as soon as the weather will permit. Upon his arrival he report ed nearly a thousand tons of concen-s trating ore on the dumps with suffi- cient ore in sight to insure the contin uous operation of mill with capacity of 100 tons per day. Superintendent Dugan left this city for the mines on the 1st inst. to perfect and carry out the plans as discussed at this end. A large number of the local stockholders had the pleasure of personal interview with the superintendent, thus gaining much valuable information from a practical mining man who has given his entire working life to the mining business.
 Because of recent developments and the well known business standing of the gentlemen controlling the Bingham Ss Eastern Copper Mining compay, 1t is needless to say that the progress of this | enterprise will be watched with more | than ordinary interest by the people of | New Haven and vicinity.
 It will interest the public generally to l learn that the time is not far distant | when western copper will bring as much in the market as lake copper, which now commands little higher price. MT. Mccoy, secretary of the works at Perth Amboy, N. | l., makes the statement that the pro- cess is so perfected at the present time that they can made as good, or better copper from Utah and Montana ore as rom lake ore, and that it will be but l short time when it will bring as much II the market. MT. Mccoy also pre- licts that copper will not go below 15 cents per pound. This statement is of special interest to Bingham & East ,rn stockholders, as the local company's ire can be profitably handled with cop per at 10 cents per pound,