The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-31
NEVADA HILLS COMES
A0BLY TO THE FRONT
Fairview Property of Utahns
Gives More Than Dividend
for Christmas.

a dividend OF 10 cents per share on
100000 outstanding shares Is n remark
able showing for mine that has been
worked but eight months. and which is
located sixty miles from the nearest rail-
road point, making IL difficult to bring
In machinery and supplies and TO get We
ore out to the smelter; and the Christ
mas present for the stockholders OF Ne
vada Hills is rightly challenging the ad-
miration of the mining world. Still, an
event OF much more Importance. and one
that will mean many such dividends, has
happened at the mine, and while IL VIII
perhaps not be heralded AZ widely as that
making the mine. and all FairView. too
know that the second Christmas present
from Manager Webber is worth many
times the first one, says the FairvieW
News.
Tunnel No. 8, which is Immediately be-
low tunnel No. i, has come in with five
feet on the vein. this gives lao feet OF
backs AS against sixty feet heretofore
developed. and another stope from which
hundreds of thousands of dollars Will be
new body OF high grade run Sa0n per ton.
and quite eclipses any body OF ore yet
broken into, in point OF tonnage that II
will yield, and The returns Il will send
back from the sUelter. IL is almost abso-
lutely necessary TO visit the property and
explore the surface of the vein that crops
iof lbOO rect IN order 10 readily nnucT
stand the significance OF developing 40
feet OF backs there. II II were milling
proposition it would mean millions for
the seven men who own 500 600 shares
OF the Nevada Hills stock. but with the
returns that are being had from the
class OF ore that is being sacked in six
different places on this bonanza 1T Is al
most beyond the comprehension OF man
to realize the amount OF wealth that is
In evidence,
II is known that in declaring 1O-cent
dividend the management left more than
twice that amount intact in the treas
ury, while there is more than ten cars
of ore sacked at the mine and in transit.
which will bring returns sufficient TO
make a $15. 600 dividend look insignificant.
as compared with the output that Us pos
sible. We must remember that most Of
this ore has been taken out in eNplora-
tion and development work. James X
Davis. vice president of the company. re-
Gently gave out an interview In Gold
field. in which he is quoted as follows:
There is not another property In the
State OF Nevada which is producing a
greater tonnage of high grade ore in
prosecuting development work than the
Nevada Hills. We have six or eight cars
of ore piled up now awaiting an Improved
condition in the roads which WI enable
us TO reach the railroad with the ore.
The mine is producing two carloads a
week. the work being confined to deNel-
opment. We have high grade ore in six
places in the mine. but will not attempt
10 increase the output until we can make
other arrangements for transportation 10
the terminus Of the railroad at Fallon.
The winze in No. tunnel has reached
n depth of eighty five feet from the sur
face. and continues 10 yield remarkable
values. From tine beginning of this winZe
the output there has been TOO valuable
TO sack. and It is mixed with lower grade
as a matter of necessity: to do otherwise
would invite wholesale robbery OF the
shipments while in transit, and as there
are no adequate facilities for expressing
the ore, the management takes this pre-
caution in sending the wagon loads
across the prairie The Nevada Hllls
people have for several months been hg
uring on the practicabilty Of hauling the
ore 10 Failon with immense traction en-
cines driven By gasoline power, hut IL is
not known whether they have arrived at
any decision In the matter,