The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-02-18
SALT LAKERS ARE
IN At MANHAT TAN
Company Organized by Local
Mining Men With One Mill
lion capitalization.
PROPERTY IN HEART
OF GREAT DISTRICT
Surrounded by Famous Groups
of Producers, The Property
Is Very Valuable.

Following the recent visit OF Harry Il
Cole 10 the new mining district of Man.
haitian. New, from which has come such
wonderful reports Is the organization ol
the Manhattan Gold King Mining com
pany q combination OF Salt Lake talent
and capital that has succeeded In secur.
ing some Of the best claims that the dis
trict contains. While this organization
was perfected in Nevada before the re-
turn OF AIr. Cole TO this city, It was given
To the public Tor the first time on Sat
urday.
Personnel Of Company.
Associated with Mr. Cole. and compris-
Ing the board OF directors OF the Manhat-
tan Gold King company, are A. H
Mayne. made famous through his sue
cesses in the great Sandstorm mine at
Goldneld: Il. l.. Colburn OF Red Top
fame both gentlemen now OF Goldneld,
and T. Egan and 4. J. Evans, all Of this
city Mr. Mayne is the president. Mr..
Egan the Tice-prcsident, and Mr.. Cole
the secreJary-treasurer
capitalization One Million.
The capitalization OF the company is
placed at one million shares or par
value of 81 each. 10000 shares of which
Will be retained In the treasury and a
copy of the articles of Incorporation Will
be filed In this State within the next few
days. The property now owned by the
company consists OF the Uno claim, To-
Gated In the heart OF the new Manhattan
district and surrounded on all sides by
producers of prominence. and the Mon
day Fraction claim, adjoining the Monday
on the south.
Leasers Now at Work.
Running across The Monday property is
a finely defined ledge OF shipping ore.
which has been opened up extensively by
the owners OF that ground This vein
.ar h.4 ira hA Inv ENr1T
tion, and the management of the new or
ganization anticipate with confidence that
this vein will be a source OF steady and
remuneratiYe revenue to the company.
Upon the Uno claim the company has
three sets OF lcascrs at work, and sew
cral more viii be let just as soon as Mr..
Mayne can reach the ground. Mr.. Maync
Will have complete charge OF this prop
erty for the company.
Fine Location of Claim.
The Uuo claim is trnVcrscd py two
well-dehned assure veins, varying in
width from II To so feet, being the same
now worked by leaScrs on Union No 9,
and from which considerable valuable ore
high as $ieo per ton at shallow depths.
These veins also cross tho Silver Pick
ground where 22 feet OF shipping ore is
being extracted ct the present time The
Cno claim Is entirely surrounded by the
following properties: Matte Ethel on
the south, Annie Laurie Mayflowcr and
Union No. on the west, Mustang and
Broncho on the northwest April Fool on
the north. and the Silver Pick on the
east
Believe They Have Bonanza.
With such prominent nclghbors the
Manhattan Gold King company starts of
with flying colors had no work ever been
done on their ground, but from what has
been done the prospects ara excellent
and the organizers OF the company are
certain that they have one of the bo-
nanzas OF that present excitement center
The Broncho and Mustang claims alone
sold for $4,000 when only a few weeks
OLD. and as It Is within the plans OF the
new organization TO accumulate addi-
tional property whenever deemed neces-
sary 10 their interests. IL would seem that
the company begins with very much in
It's favor
Offices Will be maintained both In Gold
field and Manhattan by the company