The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-30

mine in Utch has done better during
1906 than it did in 1905, and the only
marked exception decreased it's divi-
dends to accumulate a surplus with
which to meet litigation and provide
for business contingencies easily ex-
plainable. A number of properties have
gone into the dividend list which were
not there a year ago; and others which
could easily have distributed good
part of their surplus have applied big
sums to betterments. the acquisition of
further holdings and similar undertake
ings whose values show in the increased
values of listed stocks. In a word, the
year has been phenomenal for its activ-
ity, its tremendous increase in output
and earnings, its advance in prices of
dition to the wealth of the state and of
stockholders in its mines and smelters.
Quite the most significant thing about
this remarkable showing is the evidence
that it is based on permanent condi-
tons. The advance in copper has been
large factor In the increased earnings,
but the proved conditions in the mine
afford ample proof that at much lower
figures all the big properties could
maintain their present large output
with an increase in most Of them, due
to better facilities and equipment now
being installed or planned. The mines
of Bingham will all show bigger and
better in the next twelve-month, Bea-
yer county, with its Newhouse prop
critics and others, has already proved
up much bigger ore bodies of better
values than were anticipated; Tintic
and Park City and Alta are moving
forward with the procession, so that
the outlook for the industry and the
men who have their millions invested
in it have most promising outlook be-
fore them.
Another factor in the outreaching
growth OF Salt Lake as mining cap
ital is the activity of its mining men
and their associates in the development
of Nevada. The number of Salt Lakers
who have Nevada investments is no
less astonishing than the resultant
wealth that is flowing back here from
the sagebrush camps. In Tonopah.
Goldfieid, Fairview, Manhattan, in
Beatty and Rhyolite and Greenwater
and Searchlight and Johnnie-in Ely
and Observation-Disclosures the prospector
has found indications of wealth, Salt
Lakers have been on the ground to take
advantage of the opportunities and ap-
ply their experience and knowledge of
mining to successful development work.
This interest in Nevada is only natural
because in the early days Nevada fur
nished this state some of its most sue
them are only returning to a field ia
miliar to them when they were young
er. If the figures could be collected, the
amount of Utah capital interested in
Nevada would astonish everybody but
those who have watched the trend of
investment and the personnel of the
managers of the new fields.
Reciprocally, the Nevada camps are
showing their appreciation of this con-
dition by their friendly attitude toward
this state and city. Nevada ores come
here for reduction; Nevada mine own
ers buy the major portion of their
equipment through Salt Lake houses;
their merchants do business here and
their biggest properties draw their ex-
perienced men from here. The result
ant benefit to both states is incalcuIa-
BILE, and it may be Appropriated only
by the tremendous growth of Salt Lake,
the fortunes that are being made here,
and the certainty that it is to be a
great city founded principally on the
! mining industry in the territory of
which it is the metropolis.