Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-10-27
Has $Sl 900, 900 Worth Of Ore in
Cactus Mine Ready to be
Handled,
TALK ABOUT TRUST SHELTER.
Tells Denver Newspaper How o Few
Utah Mines Pay More Dividends
Than All the Mines Of Colorado

one hundred times a millionaire Is the
present financial standing Of Samuel
Newhouse, formerly Of Colorado and
now one Of the leading mine operators Of
Utah says the Denver Post
The Cactus mine owned by Mr. New
house In southeastern Utah. has today
Sa,O0OOO worth Of ore ready for handling
and behind this is a mile and a half Of the
same quality
The American Smelling ana Refining
company, with offices IN Denver is per-
fccting plans for a 5000 90 smelling plant
Co DO erected az Salt Lake CITY Utah.
The company has already signed cone
tracts 10 handle 100000 worth Of ore
from the Cactus mine. This Us the tirst
announcement 10 be made that the smelt-
ing trust is 20 invade The Utah territory
with a plant Of Ice own
For the first time, too, the world gets
the knowledge Of the value Of the New
house mine In southeast Utah. which is
located about 10 miles from the town OF
Frisco, For i've years MI Newnouse has
been developing the property but never
before has he admitted It's marvellous
value
but tho fact that he Is now one Of the
worlds foremost multl-milli0nares has
not half the charm for Samuel NoWhouse
that he finds IN the contemplation that
ne Us 20 be one OF the greatest phian-
thrOpsts I'm the mining world. In cOnncc-
ton with the Cactus mine he Is building
the town Of Newhouse, which he proposes
making the model mining camp Of Ameri-
GA Each ycal percentage " the earn
ings Of the mine are 10 go 10 the miners
and their daily lot IL 10 be- made as ideal
as such a thing Is possible
Samuel NeWhouse arrived I'm Denver
today from Salt Lake ON his way east
and while modestly avoiding discussion
Of his rise TO the position of one OF the
worlds greatest mlllOnalres be was
willing To discuss his plans for the bet
tcrmont Of conditions surrounding the
daily life Of q miner
I'm over twenty years experience with
mines and miners ! know the hardships
and vicCIssitudcs Of the men who dig the
ore. I have long cherished q plan 90 help
the mand with the building OF the ,own
of Newh0use 1 will see my dream real
ized
Tho town. different from the usual
mining camp, will not De NJ 6u elevation.
but VIII lie IN a beautiful valley sur
rounded by some Of the grandest noun
tain scenery the eye ever rested on.
Modern houses Of brick and stone win be
built aud 10 each house Will be lot %
by 60 feet This viii be 80 that each
miner can have his own garden patch.
lawn, etc.. and cash prizes viii De Of
fered for the best OF these. There will
also be a library 10 the town which
win donate, and many other feaures for
the amusement OF the community
Prizes win also be offered the men FOR
various other things such as regular at
tendance good work bright ideas etc,
and 10 is my intention OF thus distributing
thousands OF dollars annually for the
benefit OF the men, The territory around
Newhouse has no water supply at pres
ent but / have purchased for $500 the
famous Wah Wah springs 10 miles
away and the water will be carried by
pipe line 10 the new community with
like q garden, and In the future there
will be no limit 20 the water supply.
From Frisco Hartman Is going 10
build a railroad 10 NewhOuse This Wlll
give us a connection with the San Pedro
line and viii handle the ore TO the new
smelter the American Smelling & Rein
Ing company is TO erect at Salt Lake,
90 have signed a contract to let the
smelling people have 100000 worth OF
ore from the Cactus Untn the new plant
Is ready the Consolidated Smelling |
company at Bingham will handle my orc |
for the American Smelling & Refining
Il have owned the Cactus mine FIVE
years and now have blocked out 6,0O.00 |
tons Of ore for handling which will aver |
age a minimum of Sli to the ton Back OF |
this Is a mile and a half Of the same quail |
ity OF ore.
before ] made the contract with the |
smelling company ] intended erecting a
smelter Of my own. will, however, |
build some big stamp tllls.'
Continuing bis conye station, Mr. New
house said
Colorado IL great mining state, but
the operators here would be amazed at
our enormous veins OF ore body. Here a
vein 10 feet wide Is wonderful, but there
n body Of ore 900 feet wide and ] 800 feet
leep Is not considered extraordinary.
why. four or five mines In Utah pay as
much in yearly dividends as all the Colo.
RADIO mines together