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

tunnel alongside the original bore. i'm
an effort to reach a point behind the
caved section. This has involved the
expenditure of a vast amount of cap
ital, and the manifestation of very
large confidence by capitalists in the
future great wealth-yielding resources
of the mines of the district
Working Rapidly.
1t is expected that Notwithstanding
the work is yet presenting many OBJ
stacles, the unwatering of the flooded
area will be accomplished early in
1907, and that then there will again be
in operation the full quota of Park
City's principal properties, some of
which have suffered the handicaps al
luded to.
Park City is regarded as Utah's ban
ner camp, principally because il is the
home of the famous Silver King mine
which marvellous bonanza has always
yielded handsomely, and because it was
sending out millions of dollars annually
before several of the present big mines
had passed into development periods
they are now enjoying.
Large Tonnage.
Silver King, in fact, deserves to rank
as the biggest mine of its class in the
world. Its prOdigiOus capacity for max
ing large tonnages every day in the
year and during many successive years
is uneq1alled and the regularity Of
values contained in its ores is a phe-
nomenon in mineralogy. Many richer
spots than it marks have been found,
but few rich spots have proven SO large
in boundaries.
This mine has done much for Utah
and for individuals fortunate in its
ownership. They in turn have left their
personalities stamped in various credit
able ways upon the states history. Its
wealth has been distributed mainly in
this commonwealth, because the owners
have preferred to keep their money at
home, and Use it TO the advantage of
the states manifold growing indus
tries.
Worldwide Fame.
But Silver Kings fame could not be
kept within the small limits of Uath. It
has carried the mineral possibilities of
the state wherever mining literature is
made and read, and has probably been
cited more to Investors as a sample of
what nature sometimes does in dissem-
iEating the metals needed by man in
place for Profitable extraction than any
other mine in the world. 1t stands in
class of its own in many respects. and
IS therefore entitled to be denominated
an exceptional golconda.
During 1906 Silver King produced az
proximately 1890, 900 pounds of first
class ore, worth an estimated amount
of 81, 100000, and also %, 600 COO pounds
of second-class ore which was reduced
TO concentrates by the milling process,
and having an estimated value of $685.
0o0
fo Value for Year 30
The total value, therefore. of the
yield during the year was In the neigh
borhood of 81. LIB 600.
Or this amount there has been de-
clared total dividend this year OF
100000 to stockholders, which brings
the grand total dividend declared UP TO
the gigantic sum of s10,625,OOo DlVl-
dend disbursements commenced in Octo-
Der. 1903. are, except for a brief time,
during the silver slump the mine mas
Deen in operation and it has been pour
ing out continuous stream OF wealth.
The years output has been less IN
tonnage than during some previous
years, owing TO many causes. out the
value of the product has been greater.
as result of the increased prices or
the metals; therefore. the proceeds or
the years operations have been ABOUT
what they were in years past
The company has acquired py pur-