The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-04-07
WILL MINE AT STOCKTON.
Strong Company Organizes to Oper-
ate Rich Mineral Territory.

one of the strongest mining COM
NAMES organized under the laws OF
this state for many a day was launched
yesterday. 1t is the Southport Min
ing company. mOdestly capitalized for
$500 coo. with shares of the par value
Of 81 each. With loo acres of the most
eligiblv located mineral-bearing
ground in the camp of Stockton and a
strong combination of mining operators
who know their business and with
LIST Of shareholders who have gone into
the proposition to mine the new or
EaniZatiOn starts off under auspices
which guarantee the making of an
other bonanza producer I'm one of the
states most famous and reliable
camps. J. r. Rand, who directs the
affairs of the Rand Drill company, New
York. is president; W. G. Alexander.
manager of the Black Diamond COM
president and l. H F'arnswOrth,
cashier of the Walker bank, is treas
urer. Charles II. Scheu, the man VINO
presented the HOnerine proposition to
the Kimberley Buhl-Snyder syndicate,
and William z. Beach, a prominent
operator Of Lafayette, Ind, being the
other directors Of the company.
For the rounding UP Of the properties
which constitute the corporations
holdings, for the perfecting Of titles
and arranging all the details that have
been necessary to give the company
"
Alexander, who has been quietly az
work upon the proposition for the past
two and one-half years. Operating in
the district all the time and being in
position to acquaint himself with
physical conditions at all the proper
ties OF the camp, it has not been nee
eSsary for him to leave much to guess
work. Much Of the territory purchased
by Mr.. Alexander in the interests of
the corporation that has just been
l.
not has been so perfected in title that
the patenting of the ground will be
simply a matter OF form and slight eX-
penditure in meeting government re-
qUirements.
The compaay's holdings lie on the
north side Of the great HOnerine drain
tunnel and much of it IS separated
from Honerine ground only by zoo feet
and that strip is productive property
belonging to the Cyclone on3 CygneJ
companies. The Galena King prop
erty is ffanked on the west and north
sides and all of the east and west
veins and number Of the cross fis-
sures that have made a bonanza of
the Galena King run through the
Southport comDany's domain.
Several of the claims belonging to the
new company have records for produC-
tion i'm years gone by that compare
with some OF the best in the district.
The Southport was a we'll known pro-
Queer down TO the water level and the
workings are still in fine ore. The
Midget is another that has been de-
velODed through a shaft i'm the bottom
of which splendid ore is now exposed.
The shafts on the Manzanillo. Pinto
and Toledo claims. which belong to
the company, are all in ore. while in
one or two Of the locations ore of high
grade has been opened in doing the
annual assessment work ar no less
than half a dozen places. The ground
has all been drained by the Honerine
tunnel 10 depths ranging from $50 TO
over 150O feet in depth and there Is
nothing for the company to do but
organize it's forces. open its territory
as seems most advisable and go in
mining That is what the company
has been organized for and that is
what it is going TO do and do it right
SIeseps New Store.
22S-2S0 Main.