Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-02-24
Well Known Mining Operator Sc.
cures a FOothOld in an Old
Nevada Camp.
The SILVER PARK DISTRICT
Thirty.Fiye Miles North Of Pioche--
The Nesada.Park Company Organ.
led Some Big Assays.

Jesse knight. the well known Provo
mining man, has experienced some
more of that good luck Of his. During
his career in the diggings he has been
extraordinarily fortunate In finding
mines that have PANIED out well. His
latest venture was made yesterday
when he became half owner In a
group Of claims situated In what was
known away back IN the latter COS
as the Silver Park Mining district, IS
miles north OF Phoebe. The money was
paid over late yesterday afternoon;
wherenpon, immediate steps were taken
for the organization OF the Nevada
Park Mining company, with capital
stock OF 100000 shares Of a par value
Of 81 each. The articles OF iIIcorpora-
ton were all signed up last night and
Attorney Samuel a. King took them to
Provo, which is designated as the prin-
cipal place OF business, for filing with
the county recorder of Utah county to-
day.
The lncorporators and officers Of the
company are: President, Jesse Knight,
vice president, Lafayette Holbrook;
secretary and TREASURER, h. L. Allen,
who, with Samuel A. King and ]. j.
knight, constitute the board OF dlrec-
tors.
The corporation begins business with
the territory embraced within ten full
lode mining claims, three of which are
patented.
A history Is attached to this property
which Is not lacking of interest. Felix
knight, no relation however, to the
president OF the company. was an &C.
centric old miner and the few survivors
Of pioneer Phoebe we'll remember him.
This Felix Knight located the claims
now owned by the Neyada-Park. and
worked them for number Of years.
The ore mined was rich In silver and,
while there are no bullion records TO
show for II, Il Is claimed he took out
close to a quarter OF a million dol
lars. Felix placed a very high value
on his property and frequently refused
generous offers from men who wanted
to buy 1t from him. But sell he would
not neither would he operate II with
any great amount OF vlgor He seldom
worked more than two or three men at
q time and then would not keep up this
much activity the year round. He sold
his ore either TO the smelters In Phoebe
or Salt Lake, frequently realizing as
much as 81 900 ton for H. Evidently
Felix went on the theory that his
wealth was more secure in the ground
than I'm bank, so when he had accu-
mulated a small fortune he would go
off to San Francisco on a vacation for a
few weeks or months. When his
purse became lean would return to
the mine again. No deep mining
was ever done on the property; the
deepest shaft was not sunk below 12O
feet but scattered all over the surface
We're numerous small holes and open
cuts out Of which the rich pay ore was
extracted.
For 10 years the mine has been idle.
The original owner died many years
ago and II is only recently that his es-
tate was settled up through the courts
whereupon an option on the property
was secured by Samuel A. King, c. o.
Newell and ]. j, Knight, who promoted
the present organization. All the stock
has been subscribed for, consequent
ly none will be offered for sale. II has
been made assessable, but It Is thought
no assessments will be required, at
least for some time. as the treasury al
ready contains good balance as an
asset to begin operations with,
The results of the samplng Of the
mine some time ago were decided
surprise as the lowest assay Of sam
pies taken from where the ore was ex-
posed In the old workings ran 2OS ounc-
es silver and on up TO 400 ounces. The
surface samples from the unpatented
ground went 90 "a, SO and Ga ounces sill
YER The chief surprise came from an
old dump, which Director &. A, King
says, had been worked over four times.
Here the results ranged from 54S up
TO 40 ounces In the white metal. The
groupings are extensive but there Is no
way as yet, to obtain comprehen-
sIve idea of the width OF the vein.
It Is claimed that the original own
er was once Offered $4,000 for his mine
by the late Allan G. Campbell, but re-
fused to consider II.
From Frisco, Beaver county the mine
IA situated at n distance of 60 miles
at the extreme lower end OF Snake
Wiley I'm Nevada,