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

into question in any business deal, be
1T mining or any other of the industrial
branches of the modern commercial ev-
olution it is to the old-timers, the old
reliables that the conservative investor
and the man who is looking for new
fields of endeavor in capital looks TO
for results, and the rock-bottom esti-
mate Of the worth of a proposition or a
district. 1t is the fellows, whether they
be mines or mining men, who have
stood the test of years and have never
been found wanting that get the conf
dence of the investors in the mining
world, or any other branch of business.
There has got to be a stability for the
conservative business man to be con-
WINGED that what he is going into is a
reasons BILE safe investment from the
point of human probability, and not
possibility, before it has his entire good
will and his backing to the end.
For it is as old as the hills that when
a man of that calibre makes up his
mind after mature elaboration and the
application of all the ability which it is
possible for the human intelligence in
the light of it's worldly experience to
bring to bear on proposition. that he
has done all that it is within the power
which have been endowed on him for
his battle with the obstacles he has to
meet and overcome in this world, then
there are few things which will stop
him in his determination to carry to
successful completion the plans which
he has formed in his mind.
The Right Kind.
It IS the tenacity of the bulldog with
his never-let-upness that brings this
sort of citizen out on top in the end,
and the rewards which come from this
sort of perseverance are the kind which
make the bulwark of American for
tunes and the solid American business
man.
And there is no more worthy way to
build up fortune without the finger of
scorn or suspicion being pointed at the
maker OF the competency than in taking
the wealth from Mother Earth in a
purely buSiness-like manner. Tt is this
sort of clean money which Is the stand
by OF the country in its hour of need.
and 1t is these men who have made that
sort Of weslth for themselves and 9TH
ers who are the really respected and
highly-honored men who are part of the
great commonwealth of the country to-
day; in fact, they are the class who
stand like a stone wall against all of
the hair Drained schemes in all sorts
of businesses. so-called, and upon whomi
the rest of the country leans in the
hour when the clouds are the blacklist.
OF these of which we have been
speaking, there is no more conspicuous
example than that of the Utah Consol-
dated Copper company, one of the old
est of the operating companies in the
Bingham district. The mine which this
company has the control of is the oldest
in the camp, and it has proven itself
e lar-N i
the camp. 1t has come to be regarded
as a father of the district, so to speak.
and there is sense of security in all
that a company with the length of ex-
perience and energy which the manage
ment OF the company puts into its OPP
erations does for the district of which
il came well be said to be the sage
counsellor by right of priority.
Even Tenor of Its Way.
The company for years has kept the
even tenor of its ways, and what may
seem a phenomenon in other properties
even of as great a magnitude as this
one has been regarded by those who
have the utmost confidence in the prop
erty and its able management, wheth-
er they be stockholders or just mere
spectators, as just something which
comes naturally from a proposition
which by long, usage and custom, as
they are tickled to quote in the law, as
a permanency.
For such is the Utah Consolidated
and its holdings, and justly so, because
Of the exceptional ability which has
been injected into the operation of the
company and all of its affairs by wise
and far-seeing management.
While the mining of copper ore is the
principal resource of the district, the
product Of lead ore is by no means I'M
important Several Of the companies
In the district find 1t profitable to ex-
the mines, and the percentage of this
metal runs up into the 80 per cent and
even greater kind
Type of Ore Deposits.
The type of ore deposits in the dis
trict are Of three types which are
placed at the true fissure veins, the re-
placement deposits in the limestone and
the lOw-gTade mfneralized porphyrieS.
According TO the experts who have be-
come almost as familiar by long asso-
citation with the ore of the district as
with the frailities Of human nature, like
a philosopher, are exceedingly rare The
replacement deposits are mainly copper
ores, but there are some requirements
Of lead in the limestone where the lead
assures have been cut
terized by heavy excess Of iron and
carry from to Is per cent copper The
copper ores also carry from 81 to "a
in gold, and some silver.
The Silicious ores are of two types,
the low-grade porphyry ores averaging
about 2 per cent copper and per cent
I'm gold, which undergo the process of
concentration, and the fissure deposits
of the quartzite. This latter is also OF
concentrating class, and when treat
ed shows an iron excess OF from to Is
per cent.
Oldest Mine.
The Utah Consolidated has been oper-
ated as copper mine longer than any
other mine in Bingham. In the early
days il was considered TO be a gold
mine and was equipped with a cyanide
mill for the treatment of gold ores
which turned out 10 be the Gaping TO
immense deposits of copper ore. The
mine was operated at the time of the
construction of this mill by the High