The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-12-31

depression, seeming or otherwise, in
this industry has a generally depres-
sing effect upon the business of the
community. While during the past
year, the old reliable properties, with
the exception OF the Ontario, have
been regularly In the market with
their usual amount of ore, and the div
idends have been just as large
and as regularly paid. The cave
- iE the Ontario drain tun-
mel and as a consequence a threatened
flooding Of the mineral zone, have been
principally TO blame for the dull con-
dition which existed here during the
year. Another thing which must not
be overlooked In summing up causes
for what made the Park apparently
dead during the year 1905 is the fact
that this is essentially a poor mans
camp, and money is required to make
mines. A Tightening OF the money
markets had the effect of closing some
or the prospects for a time, but now
they are generally all working again
and in some eases are about to blossom
forth into paying mines. Other prop
critics have been persistently developed
and in spite of many serious obstacles
are now about to reach the desired
goal-dividends. The Kearns-Keith,
King consolidated, New York, Wa
bash, Mount Masonic, Creole, st.
Louis-Ontario, Little Bell and West
Quincy are all within this class and
are all promising prospects.
Old stand-bys still Pay.
The Silver King, DAILY West and
Daly-Judge may be regarded as the
stand-bys, and though it might be held
that he 10
within the list Of promising prospects,
those who are in authority are re-
sponsible for the statement that there
are many large dividends in sight. al
ready blocked out, for the stockhold-
ers IN this property.
The greatest producers of the camp
are the Daly-West and Silver King,
and no one needs much information
upon the value of these great proper
ties, for their output speaks for them.
The Silver King is the older of the
two bonanZas and is looked upon as
the greatest mine of its kind in the
United States, If not in the civilized
world, Its history is of comparatively
recent date. 1t was incorporated Aug.
70, 1882, and one year afterward it's
hrst dividend was paid Since that
time, with the regularity of the month.
this property has distributed its prof
its to its stockholders. Not satisfied
with the regular dividends. an extra
is declared at Christmas each year to
help along. The Silver King mine
since II began 10 pay has distributed
the magnificent sum of SCOOPS, 900
among its stockholders, this amount
being exclusive of the extra Christ
mas gift for the year 1905 of the usual
monthly amount.
Plenty of Ore for Market.
During the past year the Silver King
marketed 42540 tons OF ore, which av-
eraged about S45 per ton, or d yearly
earning of over 81, 900. AT this prop
erty there is located, it is said by ex-
perts, the most complete mining,
sampling. concentrating and shipping
plant IN the state. There are over 400
men on the payroll at a uniform scale
-Of.wages which exCels that of any 9TH
er property In the state. The mine, or
rather the entire property, is worked
under the personal supervision Of AS
sistant Manager NJ. ]. DAILY, and the
affairs of the office Of the company are
in charge OF John A. Malta, secretary
OF the company. The present assist
ant manager has been with the COM
pany since 1t opened the mine and to
him in a great measure is due much
of the property's greatness. Mr.. Malta
began with the company in the capa-
city OF underground Carman and by
constant application TO duty has ar
rived at his present position, one of the
most responsible If not the most re-
sponsible on the company payroll.
Record of the Daily West.
Next In Importance to Park City is
the DAILY West. This extensive prop
erty is under the management of
Ernest Bamberger, who is represented
IN Park City by ]. A. McKaskell. While
the Daly-West is not as old q property
as the king" 1t is one OF the great
producers, and during the past year
marketed something over 10000 tons
Of ore at a somewhat smaller average
price per ton than the Silver King
The products OF the mine have enabled
the property to pay dividends since
1899 OF 81 Ass. 900. and from the reports
issued by the company TO stockholders.
by the 1st of March, or the time for
the next quarterly dividend. there will
be a surplus in the treasury of over
$500. 600, or in other words, the largest
surplus OF any company IN Utah.
The record made by the Daly-West
is exceedingly good, and in the face
OF such obstacles and backsets as it
has experienced, is indisputable evil
dence OF the wonderful qualities of
the bonanza.
Mines Use Common Tunnel.
Late in the last year an agreement
was made between the Daly-West and
the Ontario and old Daily company
whereby, for a consideration of $4,000
per month, the Daly-West was TO be
allowed to drain its property through
the Ontario drain tunnel, and TO this
end agreed further 10 help in the con-
tinuation OF the tunnel from the DAILY
ground TO that OF the Daly-West. It
was estimated by engineers that the
tunnel would tap the Daly-West shaft
at a point 100 feet from the surface
or at a depth Of 900 feet below the pres
ent stump bottom. The cavern at the
Ontario tunnel on the Ontario ground
has for the time being interrupted this
work, made sinking in the Daly-West
impossible and temporarily shut off the
West from taking out any part OF
the extensive amount Of milling ore
which is uncovered on the l, 400 level
and which il has been demonstrated
gathers value and quantity as ii goes
down At present the Daly-WeSt