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

, dollar in dividends after a mine has
| been brought 10 that stage of develop
ment where payments are at all pos
sible. a glance at the production table
viii give some idea of the money which
has been turned back into the business
during the year. These expenditures
cannot. be gagged accurately by this
comparison. COR ii must be understood
that many IF the companies not now
paying dividends, out which are earn
ing large am 0untS. are building up re-
serves that VIII tend to make them
regular contributors when conditions
arise which for the time being may
reduce their earnings. Difficulties are
met with in mining, just as they are
+ in any ether business calling, and it is
to guard against them and make the
investor dOu5ly secure that large and
sometimes seemingly unnecessary eX-
penditureS ire made.
There has been an enormous tonnage
of ore mined and reduced to bullion
during the past twelve months. and it
can be truthfuily said that the record
viii be eciipsed during the year just
dawning.
Where Energy Is Greatest.
Taking all things into consideration,
it is proper 20 credit Bingham with the
greatest display CT energy during the
year-greatest only in the sense, how
ever, that it Boasts larger number of
big propositions upon which to expend
II
camps Next IN order comes Park
City. then Beaver county Little Cot
tOnWOOd and Tintic. Other camps have
made substantial progress, notably
Stockton, Ophir, American Fork and
Gold Mountain.
Bingham mas been alive with busy
men from the bottom to the top of
every gulch and gully in the district.
Miners, laDOrerS, mechanics of all
kinds. teamST >rs and teams have all
ont IN j
tensions, smeiter and mill building,
mine improvements and the installa-
ton OF new equipment have all cut a
figure in he five of industry which
that camp Is today. The town has in
creased wonderfully in population, and
new buildings have sprung I'D on every
hand. IT is Worth the trip TO visit the
camp and .10te Tho changes which have
been wrought IN year.
At Park -fty, where production was
trimmed rather than increased a ire
mendous amount of new work has been
done in the mines and prospects. while
large sums of money and hundreds of
men have been emplOyed in making
what is termed, in mining parlance
surface improvements" Everything
has been done with an eye to the flu
tUTe rather than to meet requirements
of the moment, and results VIII surely
year.
Along the great mineral-bearing zone
in Beaver county probably more than
81, 500, 900 has been spent during the
year. While the way has been paved for
the expenditure of fully as much more.
Results will be much in evidence this
year. and twelve months hence it need
surprise no one to see the district
ablaze with excitement, for plans are
incubating now that will cause many
combinations If capital to seek a. foot
hold down there by and by
Alta. in little Cottonwood. has also
been on the hum During the season
two modern and up-tO-date milling
plants have been erected, a fine cleo
trio power plant has gone into commits
sion. and within the next few weeks
the camp will boast of the longest and
best aerial .r8mway in the state. A
dozen or more mining companies. other
than those having fully developed prop
critics. have been pounding away night
and day to demonstrate to the world
that the treasure houses of buried
wealth in that district never had their
doors more than pTied open in the past
Quiet but telling work has been done,
and the present year holds out much
of promise n the way Of increased
production.