The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-12-27
BUTLER LIBERAL NOW
A DIVIDEND PAYER

The latest addition to dividend-psy-
ing list in Utah is the Butler-Liberal
Consolidated mine al Bingham. This
property, as the name of the company
would indicate, was formed under the
present management i'm June last. when
a prolonged season Of litigation be
tween the Butler and Liberal interests
ended by consolidation. This move was
in keeping with not only the best but
the only known successful method Of
getting out Of court The result has
been a success that has replaced con
tention and losses with assured profits.
The area of the counpany's property
is measured by seventy-fve acres Of
patented ground, on which develop
ment work. mainly through tunnel, has
been done to the extent of, approx
mately, 5000 feet. The main tunnel
is in 1000 feet. Production on the
Butler ground began in March, 1901,
and since that time the output has
been over $112OGO. The work is now
progressing satisfactorily, with a force
of twenty men, their efforts being d.
vided in three different places. The
future work, as contemplated, includes
the running Of another tunnel at still
greater depth. or about 100 feet be-
low the present main tunnel, which viii
give about 400 feet of stopping ground
on the dip Of the vein. This VIII also
catch the LeOna vein at a vertical
depth of 500 feet, which viii afford 1900
feet of stopping ground The recent
shipments have been mostly silver-lead
ores. the lower grades of which have
been treated at the Dewey mill. but as
in other parts of the camp. as depth
is attained copper makes its appear
ance. and there is seemingly no doubt
whatever but that in a short time the
predominant values viii be from the
red metal
Company's Good Year.
This property is located in Markham
gulch, a newer part of the camp and
TO which less attention has been given.
The performance. however. Of the But
ler-LiberaI company has done much 20
attract attention to that particular To-
cality The company closes the year
with a balance of more than $50 GOO i'm
the treasury, after paying its Initial
dividend Of One-half cent per share. or
s.. 800 on the Dist of December. The
Butler property passed through series
of assessments, but il is now deVel-
oped from a prospect into a substantial
mine.
The officers of the company are: A..
j.. Jacobs. president and general man
ager; c.. n. Strevel, vice president ~.
6. Mccormick. treasurer; +. ID. r..
Thompson, secretary These with the
exception of Mr. Mccormick. together
with /. U. Goliath. Joseph Geoghegan,
NJ J. Friedman and J. H. Patterson,
form the board of directors.
Mr. Jacobs occupied a similar posi-
tion I'm the former Butler company
when assessments and lawsuits con-
tributed a surplus Of discouragement.
He deserves much of the success that
has been won. for he stood farm I'm
his belief that the property would i'm
time be a paying one. and permitted
no difficulty to discourage him or to
lead him 70 abandon his obiect-that
Of making a mine Of the property.
Tt is a fact that every statement he
has made to the stockholders an times
past has been marvel of accuracy
and neatness- No matter whether the
showing has been for or against the
mine: no matter whether cOuched i'm
language encouraging or discOuraging.
he has never wavere0 from the strict
truth. and every detail Of the work.
every showing made. has been recorded
faithfully and detailed in the piainest
language for the benefit of those WIG
had their money invested.