The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-01-24
BIG COMPANY
FOR PARK CITY
Eastern Operators Join James
MCGregOF in Undertaking.
BEEN WORKING ON 1T YEARS
GROUND REACHES FROM THE
PARK TO CRESCENT MINE.

With the hling of certified copies of
its articles of Incorporation yesterday
the Pinyon Ridge Mining company, OF
Bsddeford, York county. Maine. be-
came qualified te do business in this
state. Not only that, but Park City,
where the company wiz operate, Sc
cures one OF the most powerful organ
izations that ever entered the camp.
and the IabOrs OF James McGregor,
who has been working on the PROPOSE
ton for several years, have borne the
fruit he intended from the beginning
they should. IN the same manner that
he does everything, Mr.. McGregor. who
IS one Of the camps Oldest operators.
mas Kept his own counsel during the
rounding out OF his great ENTERPRISE
but now that the work has been ae-
Compiished, he promises the beginning
OF most epergeticl campaign Just as
soon as the SHOWS OF winter make il
possible to commence.
The company is capitalized for $500. -
OOOs represented by as many shares of
the par value of 81 EACH. The incor-
porators of the company are, of course,
all Maine men. as follows: John 81.
Goodwin, II. H Goodwin and r. T.
of ScarbOr0 and john Berry Of Saco.
But the principal officers and stock
holders and their holdings in the cora
Dany are. James McGregOr, president
and resident agent, 103I20 shares:
Frank and Samuel G. AIcKeen, Terre
Haute. Ind. (of Mckeen & Co, bank
ersl, 1880 shares each; Frank Nc
Keen is vice president and treasurer,
and Samuel G. McKeen is secretary:
w. X. McKeen, ST., Terre Haute, Ind.,
formerly president Of che Terre Haute
& Indianapolis railroad company Van
dalia and other lines). 1880 shares.
Buena v. Marshall, a prominent at
torney and business man OF Terre
Hsute, 1880 shares; Hugh Mcdonald.
Park City, 9147 shares: I. Mcdonald,
San Francisco, S,77 shares, while $50
900 shares remain in the treasury of
the company.
The company has been organized IN
der a perpetual charter with very broad
powers and It's field of operations may
extend to all parts Of the country. For
the present, however. its work viii
consist in developing territory at Park
City which is well described by Man
ager AIcGregor as follows;
A portion of the well known Pinyon
and Pinyon Extension, and portions OF
the Walker & Buckley-three of the
oldest claims on Crescent hill and con-
tanning the discoveries ana apexes OF
the veins-besides the Nettie and an
interest in the Roaring Lion. These
claims were formerly owned by the
Crescent Mining company and con-
tributed very largely to the product
of the latter, which amounted TO about
90 goo tons Of lead, over 100000 ounces
Of silver and 5.295 ounces gold. The
above named claims are now surround
cd by the claims of the kearns- Keith
Mining company on three sides, and
Immediately aC5Oin the property OF the
silver King Mining company on the
other side.
In addition thereto the company owns
the Spring, NaFOleOn, Ney, Pearl, Gle
ero. Ravine, Pclygon, Richmond, Get
tysburg. Newport Nos. ], and 3;
Bunker HILL Gambetta, Bazine, Theirs,
BoulangeT, Waterloo. Vernal, Pavia,
Vicksburg, Zebra, Calhoun, Delta, Clay
and Webster mining claims, of the
James NIcGregOr Consolidated and
Thomson groups, which Immediately
adjoin the property Of the Silver King
Mining company on the north, west
and southwest. IN all there are thirty
one patented claims, besides some
others unpatented, the whole contain
ing about 400 acres, all of which, ex-
cepting "a few acres. are patented.
The company also owns valuable
easements in and on the Kentucky No.
( and Kentucky No. 5 mining claims;
also rights of way through the mining
claims of the Silver King Mining COM
pany for tunnels, and in other mining
claims and property.
As contemplated by Mr.. McGregor
from the start, a tunnel viii be start
ed at a point close to Park City and
be driven with eVer-increas sing depth
TO "a point beneath the claims first
mentioned IN the above description Of
the company's empire of ground where
mammoth shoots of ore are known TO
go to the deep. The long avenue should
and undoubtedly win open a number OF
splendid lodges before the stopping
place is reached and, in addition TO
making several new mines, II viii drain
all the country between Park City and
the head Of Thames canyon.