Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-12-20
RRAT Is Park city, great in III


cious and base; great IN ts
record OF dividend paying
mines; and greater than all In
the as yet untouched store
houses OF mineral wealth
which lie hidden In the stub
born rocks, constituting the Wasatch
range Of mountains
Already the output Of her mines has
exceeded the widest dreams Of the ear
" prospectors. and still the Oldest
mines In the district are still pouring
their wealth into the lap Of the nation
while new producers are each year add
Cd 10 the roll Of honor. Indeed, from
present appearances the amount OF ore
already extracted from this wonderfully
fertile gone. is but bagatelle In COM
parison with the production OF the fu'
sure.
with the tremendous ore reserves al
ready opened IN the Silver King, DAILY
West Daly-Judge, California, Com
stock, and various others. the Ontario
developing a new vein Of good ore at
4 depth OF 1000 feet, while the upper
levels OF this grand old property are
still paying dividends to the fortunate
stockholders. together with the dozens
OF new shafts being sunk In different
parts OF the district, surely the future
Of Park City is brighter than ever be-
fore In Its so years history.
OF the disastrous fire of June, 1898,
but single relic now remains on Main
street, the town has been completely
rebuilt, and there is not vacant bust
ness house dwelling house or lodging
room in the camp. The mines are en-
ploying more men than ever before.
merchants are busy and cheerful and
everything bears witness that the past
year has been one OF unexampled pros
perity to our citizens
Tho only occurrence OF the season
which has cast gloom over the COM
munity was the terrible accident at the
Dsly-West, where by the explosion and
burning OF an underground magazine.
81 lives were snuffed out within an
hour or two. The catastrophe has LED
ail the mines to the establishment OF
surface magazines and thus one source
Of danger 10 the miners Is removed
and will probably never again be toll
Grated In this camp.
The past year has been prolific In
changes of ownership Of ground
and In the Incorporation Of new prop
critics: capital for some months haH
been eagerly seeking a foothold near
the great bonanzas. and In many cases
has been willing TO take chance on
undeveloped claims which apparently
lie in the mineral belt. Chief among
the great deals may be mentioned the
absorption Of the Quincy bonanza by
the DAILY West, transaction which not
only obviated certain litigation but al
so more than doubled the value OF the
DAILY West stock The purchase Of the
immense holdings OF the Anchor COM
pany by the Daly-Judge company was
also stroke Of financial genius and
carried the former stock from $500 per
share to so.
Among the prominent new corpora.
lions which have taken hold OF ground
and are working In earnest TO find their
share OF the camps mineral wealth,
should be mentioned the New York
bonanza, the Naildrlyer, the Park City
Star. the J. I. C.. the Minola the Kew
stone. the Keith Kearns. the Scottish
Chief. the Lone Pine. the Park Summit
and the Silver King Extension All
these properties are well located and
seem 20 have plenty Of money with
which TO develop their ground In miner
fashion. Necessary prerequisite IN this
camp. as Il is generally conceded that
surface workings such as are ordins.iy
prosecuted by prospeciors, are Of hut
little value IN developing the ore bodies
OF this district.