The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-08-18
SNYDERS COMBINE
IN BIG COAPANY
Start Western Exploration
With 100000 Capital.
COMBINE OF INTERESTS
CORPORATION WILL HANDLE
LARGE PROPERTIES.

With a capital of 100000, in 50
shares, one-haIf of which is fully paid
and the balance on cali at any time
when needed, the Western Exploration
company was organized in TINS CITY
Yesterday and the articles Of mcOrpo-
ration were flied and the charter IS
sued The significance Of the an
uouncemeEt lies in the fact that the
corporation IS the outcome OF deter
rnina-ion on the part HL the members
of what is generally known as the
SNYDER syndicate TO closer associate
fber7saI7es. together in a business way
and to continue Indefinitely 70 operate
IN the mining districts Of Titan ana
adjoining states
The big company organizes Win
hoard of directors consisting of VII
lard +. Snyder. p. L. Kimberley OF
sharon pa Walter G. Filler, Grant
C. Snyder and Bismarck Snyder. W
+. Snyder is president; Walter u IL
Ter, secretary treasurer and general
manager, while Grant G. Snyder IS as
sistant secretary. The object of the
CORPORATION is 10 buy, sell and opeF-
ate mining property and that all these
things viii be done with the same as
play of enterprise that mas character
lied the Snyder syndicate's operations
during the past year, no one acquainted
with the gentlemen interested VIII
question.
During the time named the combina-
ton HIS rounded out three big PROPOSE
1iOns that have brought into this state
more than 50 geo coo of outside capital
end made room for the employment
OF several hundred men, while several
other enterprises just as vicinity nave
been launched and are now IN process
of being concluded The Annie Laurie
property at Gold mountain was taken
an
spent upon il for the privilege OF DE
1ermining whether it would be GOOD
buy or not 1t is now one Of the pest
equipped mines in the state, has SS,OOo,-
900 worth of ore blocked out, IS paying
its owners about $4,000 per month
and before the season closes 1t viii be
paying $4,000.
The old Dixie copper mine at ST.
George was taken the same way and
in ninety days ii was turning out ABOUT
$50. 900 in copper bullion per month,
while development in the mine was pro
crossing and late reports snow the
eastern company that secured II has
about the richest copper producer IN
the state an the present time.
The third big undertaking rounded
out by the same syndicate was what IS
pOpuiarly known as the Dalton q Lark
deal. involving nearly thirty mining
claims in Bingham that were turned
over for $1,-50,000 and made the basis
of the Bingham Consolidated Gold q
Copper Mining company that ABSORBED
she old Bingham company and incorpo-
rated for S10,O00,N 00-
These matters are mentioned TO show
what the Snyder syndicate has done
for mining i'm this state wi-hin a year.
It is a record never previously made
bv any com binaUion and a glance at
some of the business 1t has on hand
win show that fl Is nothing compares
Itch ererrr hot
It is organized for systematic work.
What Company Owns.
To begin with the new corporation
has taken over $4,000 of the 100000
shares of the Sampson Mining com
ssny, owning ten fun claims and sew
era fractions in the camp of Bingham
1t las also taken over a One-half IN
terest in the famous Yosemite group,
lying between the possessions or the
United States company and the Dal-
ton & Lark, which went 10 the Blng-
ham Consolidated.
In addition to his territory, which
is considered Just as valuable as the
great block of ground sold 20 the Blng-
ham Consolidated, the new company
has taken over $4,000 OF the 25O,0OO
shares OF the Boss Tweed company,
owning a block of valuable ground
right on the end lines Of the Carisa,
and inside of thirty days strong force
of men viii be sending the shaft to a
greater depth and prospecting the up
per levels.
The New Pass gold mines near Aus
tin New, that were recently acquired
under bond for $25e,000 or 81 per share,
also so TO the Exploration company
The first 80 900 shares have been paid
for and the other 100000 VIII be taken
up during the year. A tweEty-stamp
quartz mill is now being ordered for
this mine and before the year closes II
will be a dividend-payer.
The Sampson and Yosemite proper
ties are to be actively and systematic
ally opened and the forces for that
purpose viii soon be marshaled.
Several other big propositions tina,
the old syndicate has been rounding up
viii shortly be turned over to the West
ern Exploration company, and money
viii be going into the ground in several
other camps.
Walter G. Filler, the general manager
of the corporations properties, is
known IS one of the best mine manag-
ers IL the state. and that the proper
ties required and to be acquired by
the big company may receive his undl-
vided attention he hiss rendered his res
ignation to the Annie Laurie company
and viii make ais headquarters in this
city.
p. L. Kimberley insisted that Willard
+. Snyder should accept the presidency
of-the company, as in him Mr.. kimber-
ley recognizes one of the shreWdest
operators with whom he has been as
ISOLATED
The new exploration company is char
tered to operate coal. iron and petrol
el1m properties, in addition to those
carrying the precious and base metals