The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-07
ONE BIC RESULT
OF BUTTE PEACE
Organization of Latest Company
Brings Former Foes Un-
der One Wing.
SALT LAKER PUT
UPON THE BOARD
Davis-Daly Estates Mining Com
pany Owns Heart of
Butte Camp.

Regarding the recent organization of
the Davis-Daly Estates company, one OF
tho most important steps of the year In
mining organization, the News Bureau
has devoted much space, giving tho
credit for the successful outcome of the
venture to ], A. Coram, Tho board OF
directors of this new company contains
the name of one Salt Laker, he being c.
x. Mccormick. The company Is organized
under tho laws OF Maine, and Is cap
italized for $4,000 shares, of a par value
OF SIS each.
Represents Actual Cost.
This price of the stock, says tho Bu-
reau represents the actual cost OF the
properties, and 1t Is naturally expected
that the stock will reach still hlsher
point without delay. The strength OF the
company lies in tho location or It's prop
critics, about 400 acres in tho heart or the
Butte camp, in Its strong board OF di-
rectors. mostly mining men OF wealth and
off with S2.ooo0o cash in Its treasury and
will be q producer upon a large scale
within a comparatively few months,
The Board of Directors.
The directors of the company include
F. Augustus Heinze. Henry Mueller, Z.
K Mccormick, Charles r Leonard M
S, Largey, L. S. Gillette, John McGinnls,
u IT,
Bumstead and ]. a. Coram Mr.. McGin-
mis- is now Mayor OF Butte and has been
f. A. Heinze's chief lieutenant in tho
latter's mining operations in the Butte
camp. The DavsDaly company possesses
the largest mining territory gathered to-
gether on the Butte mountain since Mar
Gus DAILY sold the Anaconda mine.
List of Properties.
This company owns in full OF in part
the following properties: The Baltic,
Broker. Charlotta, Centerville, Great Ro-
Moriah, Hibernia, Last Chance and Max
milan, the Quartz Lode mining claims,
the Owsley ranch and water rights. All
these formerly belonged TO the A j, Da-
Wis estate and have all been involved in
litigation for upwards OF fifteen years
THIS now is settled
In Heart Of Camp.
A glance at the maps will show that
this area is In tho very heart OF the
Butte mining camp and practically sur
rounded by the largest producing prop
critics OF today. The reason IL has not
been previously worked is found in the
irreconcilable differences between owners
and litiga which are now settled. Ar
rangcments haye now been made whereby
tho property can be Immediately opened
on tho 1St0-foot level through the shaft
on the Original mine of Senator William
A. Clark. a long term contract having
been signed with Senator Clark TO permit
this, The contract is an exceedingly
valuable asset Of the company, as II
means the saving Of about three years
time In development work and besides
this an enormous amount OF money that
would otherwise have been required In
opening up the various properties.
Heinze Is Large Owner.
F. Augustus Heinze will have largo
ownership in this company. He says over
his own name that he had no hesitation
In saying that he thoroughly indorsed the
proposition from an investment stand
point Mr.. HeinZe considers the great
est Endorsement OF the proposition Is the
fact that the Butte people have put sew
Captain McVichie's Report.
Capt Duncan McVichie, the general
Tn4IIgcf OF the Bingham Consolidated,
stated recently In his report upon these
properties as follows:
From the location of the properties
the geological conditions and from the
lnforma ton / have been able to gather
am greatly impressed with the possibil-
tiles Of these properties. and, In my opln-
ion. had these properties not been In
constant litigation for years, they would
doubtless, be producing at tho present
time a very large tonnage of profitable
Gre. When we consider that the Ana
conda has recently found n very largo
body OF exceedingly high grade ore at 22lC
the possibilities of this area, when Il is
considered that the large block has 1850
feet on the system Of veins nearly TOO feet
wide. and 2n additional distance at the
Mount MorIah OF 1850 feet and 100 feet
on the Centerylle."