The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-29
x ODE Prosperity of Wyoming The Baby State X

/ far as Saratoga. ard there is strong
I probability that it VIII be built during the
coming year. This year will see remark
able activity throughout the district and
a road would be a paying proposition.
The country through which It would pass
populated section of the state.
/ is rapidly becoming the most thickly
Fiaseo at Jelm.
The Jelm district, thirty miles south
west of Laramie was handicapped in the
very beginning of the year by The failure
OF a boom concern pushed by MinneapO-
lis men. Under the name OF the Union
Consolidated Mining company they To-
Gated ffty-three claims living about the
pOstOf1ce at Jelm, laid out a tOwnsite Of
200 blocks and proclaimed the camp the
coming metropolis of Wyoming The out
fit was interested in the BOundry Camp
company and the Kettle Curlew COM
pany, both operating in the state OF
Washington. and consolidating them
with the Jelm company issted startling
PROSPECTUS The capital stock Of the
consolidated concern was placed at $500, p
000,0J0 and the value of the shares at 81
each, par. A large amount of stock was
sold to seamstresses and the poorer
classes of the east, each buyer receiving
a written guarantee that special half
yearly dividends would be paid for two
years and common dividends of 10 per
cent every three months. The first diVi-
dend was due in May. It never material
rUptcy with a ridiculOusly small state
ment of assets. Its sole operations at
Jelm were confined to the employment of
half dozen men for a short time. The
fiascO was a setback to the camp from
which 1t has not yet recovered
During the latter part of the year work
was prosecuted a. Jelm on the Copper
King, Annie, Vulcan and Abandoned
mines, all of which have good ore bodies.
but the percentage of copper carried is
not high enough to make shipping to the
railroad an attractive proposition In
the Copper King an enormous body OF
ore running from to 3 per cent IN cop
per has been exposed, and experts pro-
nounce the property a coming rival of the
Great Rambler.
Wyoming Has a Bonanza Mine.
The surprise of the mining year in
Wyoming was the meteoric fight Of the
Douglas Creek Rambler mine from OBJ
security to a position far in advance OF
the DudefehG and all other properties.
At the beginning of the year the prop
erty was practically unknown. In pre-
viOus years it was several times worked
and as many times abandoned. Charles
kuSter, young geOlog1St OF Laramie
I finally discovered the real value Of the
property and organized a company to de
velop If. At the beginning Of 1901 the
shares of the company, of which there
were go, were worth about 500. At the
close of the year 5000 is being offered
I
The property is located just outside OF
the extreme eastern edge of the Grand
Encampment district, and thirty-hVe
miles from Laramie, the nearest railroad
point. It is developed by two shafts, one
100 feet and the other $50 feet in depth.
The formation can scarcely be claSsed
as a Vein-it is a great uneXplored mass
of copper averaging 50 per cent through
out. No estimate of the amount OF ore
within 200 feet of the surface can be
made. the extent. length and breadth Of
the deposit being unknown. Experts who
have examined the property pronounce Il
( the greatest copper proposition In the
world
From $50 to 200 tons Of ore per day are
being shipped TO the smelter at Grand
Encampment. -Four thousand tons OF
ore are now piled up on the dump await
ing shipment.
Early in December the Rambler pro-
duced another surprise, second only to
its discovery. While treating the ore at
the EnCampment Smelter the discovery
was made that the matte product con-
tanned a high per cent of platinum.
Tests were made and it was found that
all of the ore from the Rambler contained
platinum. As soon as the owners We're
satisfied of the existence of the precious
metal shipments of matte to the refineries
at Chicago were stopped and brought
back to the smelter and the platinum eX-
tracted- The Chicago relnerieS mus |
have made a fortune out of the mineral
IN Lue matte SBADpttl DElULG It's pACoEAAlI
was discovered. The platinum increases
the value of the ore from $50 to $3.50 ton,
according to the grade of the ore.
During the year promising mines have
been opened at the head of Halleck can
yon, thirty-five miles northeast of Lara
mic The principal properties are the
Michigan, IcOnoclast, Yount-Greentree
and COoney Hill mines. Ore running from
10 to 50 per cent copper is being taken
from these properties
Twelve miles north of Hanna, in Al
bany county, a copper discovery Of con-
siderable Importance was made in July,
and since that time development has
been in progress on a number of proper
ties there
At Silver Crown. twenty miles north of
Cheyenne. considerable development
work was done during the year.
At Tie Siding, the Copper King is being
developed by two shifts and several car
loads Of shipping ore have been taken
out.
In Wildcat canyon. twenty miles from
Guernsey. the present terminus OF the
PurlingtOn's salt Lake line, a very rich
rike I'm copper was made last month,
and a rush to the district resulted Half
a dozen carloads OF ore that returned
net profit of $500 to the car have been