The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

of $1,000. 600. or $1,000 per month, with
an extra dividend for Christmas may
be regularly maintained and the sur
plus kept all the time within $4,000 or
so OF the established sum-
The mine maintains an output of ap-
proXimately 5000 tons of ore per
month, about twO-thirds first-ciass and
the remainder seCond-class, or milling
ore The metals produced from this
ore during the past twelve months ag-
gfegated approximately 30. SOC. 600
POUNDS o. lead; over 2,300. 900 ounces of
silver 1O,561 ounces of gold and a. 500
pounds of copper.
Mine Well Managed.
While no boasts are ever i1duIged in
by the company's management and no
estimates of the tonnage of ore
blocked out in the mine is given. it is
perfectly safe to say that the property
has never looked better than it does
AT the present time. The. company en-
ploys about 800 men, ali told. and in
the mine more men are always kept on
development than are used in tho
actual mining of ore
No mine in the world is better
handled than is the Silver King. The
president of the company is David
Keith; Senator Thomas Kearns is
vice president. and until hi- public
career and other business affairs re
CURED him to TelinquiSh it he was
general manager of the property. His
successor, a man of his own choosing
IS NJ J. DAILY, and that he knows his
business IS evidenced by the record he
Is making. John A. Malta. a Park CITY
boy OF sterling worth, is secretary. A
happier combination of executive and
administrative ability is seldom found
IN one oiilcial family. When in search
or perfectly equipped and handled
mine when in need of something To
pattern after, when you want TO know
what real, legitimate mining is and
where it is as well exempIified as anv-
where in the world, visit the Silver
King of Park City, the home of great
mines and hrst-cIass mine manage
ment.
Daly-West Operations.
From $4,000 tons of dry ore and con-
centrates the Daly-West Mining COM
pany during the last year has received
net from the smelters the sum of 81
$4,000 The company has paid 81 .O44. coo
in dividends, added to the caDacffy and
ernclency of its milling plant and made
contract with the Ontario and DaIv
companies that guarantees the drain
ing and opening of the mine to an adj
ditlOnal depth of 200 feet during he
present year. Many other things have
been done by the management for the
Dehent or the shareholders. but these
are the most important. The metallic
contents of the ore mined was - $50
tons of lead, 3.145. 900 ounces of silver.
2,45f ounces of gold. 1.04O tons of con-
per and 6,597 tons Of zinc. There may
De other mines around this country
somewhere that are producing at this
rate and the stock in the companies of
winch may be selling, as is the DaIv-
West. on a basis Of 1900. 600 but if
there is history fails to make mention
of il.
Since the enlargement and improve
neht of the Daly-West mill, or during
the past two months, from eighty to
elghty-ftVe tons OF concentrates per
day nave been rolling out and the grade
has been such that. with the iD1proved
concition of the metal markets. thew
have been netting the company better
Ihdn S4O per ton. Under normal con-
uluohs TINS represents the earning
capacity of the works. 1t means a
cleanup of 1920 per day, or $96. 900 per
month. As the worst enemies the COM
pany has, acknowledge that the mine
contains world of ore from which
these concentrates are made, il would
be brazen effrontery for them to fly in