The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-10-07
Noted Operator Hears Very En-
couraging News of His
Utah Properties.
HE IS GRATlFIED
AT PRESENT CONDITIONS
Confidence of Local Investors
in Cactus Mine Naturally
PleaseS Him.

Samuel Newhouse. who has been in
the East and in Europe for several
months, arrived in Salt Lake Friday
with 4 huge mound of accumulated
business before him. The arrival of
Mr Newhousc is decidedly timely at
this date. as rumor has been dealing
most generously with the Boston Con-
solidated and the Cactus properties
during the summer months. Mr.. New
house was informed by The Tribune
Saturday that Salt Lakers were very
much interested IN these two Utah MI
ming properties, and were awaiting some
intimaticn from him as to what has
been accomplished upon them.
81 have just arrived, stated Mr..
Newhouse, Eand while the conditions
at the Cactus and Boston Consolidated
are all that | could wish, l have not
seen them in order to talk authorita-
lively, or from a personal inspection
of these mines. Early this week | will
visit both of them, and then will take
the public into my confidence, that they
may know everything of interest. This
applies especially TO the Cactus prop
erty. / understand that there has been
a very large absorption OF the Cactus
stock in Salt Lake City.
This, l assure you, IS extremely
gratifying to me. am glad that this
propositions, While, as l said, | can
not speak from a personal knowledge
of conditions, Mr.. Hanchett and Mr..
Moffat both are very enthusiastic over
the manner in which the Cactus is re-
spending to their efforts. There is one
thing | wish to say, and that is this:
From what l have been able to learn
the buying on the part OF Salt Lake
people has been from knowledge of the
property obtained from other sources
than from the information furnished by
my own people. This is not strange, as
the mine is open for the inspection Of
all, and it always has been.
1.-THE policy / have always followed
with my properties has been to allow
all stockholders and any reputable en-
gineer to enter the mines and make as
close an examination of the same as is
possible without interfering with the
operations of the mine. And in the case
OF the Cactus property it would afford
me the greatest pleasure to have such
stockholders who may desire to do so
visit the mine and see for themselves
Just what we have there. AS far as
the Boston Consolidated is concerned,
the developments there show positively
that we have one of" the big mines of
the country. Ihe reports sent me have
been of the most gratifying character.
and this affords me, Of course, much
pleasure,
Mr.. Newhouse talked very entertain
ingly of the splendid industrial condi-
tions Of the country at this time, and
of the faith that is reposed by Eastern
investors in Utah mining properties.
The present boom in copper stocks
would lead one to believe that the real
boom has started, and no State should
feel the impetus of this season'of pros
perlty more than Utah The splendid
achievements of the Cactus property
can not but be source of great pleas
urc to Mr.. Newbouse. To his daring
is due this success, and success that
has every indication of beng the mi
ming feature of the year for Utah.