The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01
rs Copper Output Exceeds All Previous Records

new ore bins along the line of the road.
and late in the season arrangements
were completed by the Bingham-New
Haven company to get another team
ing outfit into the camp. For months
previously there had not been nearly
enough teams in the district to meet
the requirements of the shippers who
were compelled to haul either to lower
Blngham or 20 points on the Copper
Belt line. 1t as understood that the de-
mand is not Yet satisfied. but conditions
are greatly improved all around.
Mines of the Camp.
There is hardly any limit 10 the good
things that might be said of the mines
of the camp and the records they have
made during the year. but in order to
interest the lay reader brevity must be
resOrted to. The Highland Boy prop
erty of the Titan Consolidated company.
brought first % the front as sponsor for
all that Is new and up-to-date in the
camp of Bingham, still holds first
place as a producer and money-maker
in this camp. At the last annual meet-
ing Of the company it was shown that
there We're more than LOCO 900 tons of
ore in sight. While Manager r. II.
Claiming declines to submit tonnage
figures at this time or previous to the
making of his next annual report, he
admits that the ore reserves have been
largely added to and makes no secret
2
spondinEly increased as depth in the
property has been attained. About 325
men are employed at the property. and
during the year approximately 230- 900
tons of ore have been mined and
treated at the comDany's splendid
smelling works a few miles south of
this city. The company has paid or
ordered paid dividends amounting to
$500 600 during the year This is at the
rate of So per share on the capital
stock of the company. and the asser-
ton Is made, and il is unquestiOnably
true that since the enlargement of the
sTnelter the company has been earning
al the rate of 81 per share per annum.
It is. therefore, reasonable to expect
that the company viii be the biggest
dividend-payer in Utah this year.
Bingham Consolidated.
When il is known that the Bingham
Consolidated company has spent and
invested in this state approximately
$3,OOOOO0 during the five years it has
been in business here; when it is
known that its payrolls at mines.
smelters, quarries, etc, cut close to, if
they do not exceed 500. 900 a year, a
fair idea of the magnitude of the en-
terprise and its value to the state can
be had. At its properties in Bingham
the company employs about $50 men,
at Tintic it affords employment to
fifty more, and will soon increase the
NUMBER. while at It's QuarrleS another
fifty men are used. Up to the present
time the company has not thought of
returning to the shareholders a penny
of the vast sums of money that have
been advanced to make It's business
profitable, though it has been earning
a handsome profit for two years or
more The earnings have been applied
To the purchase of mines, new equip
ment, great development schemes in
tile mines, etc, until now it may be
said that the company is emerging
from its constructive period and will
soon be ready to pay back with most
substantial interest all the money that
has been spent and that. too. without
taking a dollar out Of anybody's pocket
10 do it,
The Blngha n CONF any makes no more
pTetensiOns 20 conducting its affairs on
philanthropic lines than does any other
business concern, but for all that the
benefits of its operations have been ex-
tended to many other mining COM
panies and individuals through the
competition that it has made possible
in the market for certain classes OF
ore, ore susceptible to treatment at its
smelling works. For this reason the
company has been more of a benefit
10 the state than would appear at first
glance.
Splendid results have followed the
opening up of its immense blocks of
mineral ground and it is a source of