The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1906-10-30
ALL EYES ON ELY
SAYS TELEGRAM
The Greatest Copper Camp the
World Has Ever Seen Accord.
ing to fitz.Mac

1t is needless to inform Salt Lake
and Utah people that the world of min
ing men and of thousands of investors
in copper mining stocks are Watching
the development of Ely, New, says the
Salt Lake Telegram, with almost bait
ed breath. because most Utah people
themselves realize the wonderfully
rich copper deposits it contains; and
understand fully that the district must
excite the most acute curiosity of the
entire copper industry leaders; but its
closest students will nevertheless gain
additional knowledge of the possibilities
of Ely while reading the following from
the pen of "Fitz-Mac."
He is one of the most carefully scru-
timing writer's on industrial subjects
in the West, and analyses Ely in the
purely practical sense in which it ap-
peals to the investor, and especially to
the commercial interests of Salt Lake,
which will be most directly benefited as
the district grows. "Fitz-Mac says:
Following the announcement of the
stupendous quantity of 4O,0OO,00O tons
of copper ore already developed and in
sight in the Nevada Consolidated mine
of this wonderful camp, comes the
scarcely less important information that
the Pheby brothers have inaugurated
system of testing with churn drills to
locate the ore bodies in the Nevada
Central property, which adjoins the
Nevada Consolidated, and contains sew
eral hundred acres in the heart of the
mineralized district.
at appears to be the greatest copper
deposit on earth beyond question,
therefore it is worth while to under
stand its character.
"Those who are not already financial
ly interested are liable to become in
terested at some future time, and it is
desirable that clear notions should OBJ
tain.
The greatest copper mine in Michigan
had paid profits to it's stockholders up
to 1905 amounting to the enormous sum
of $93, 900, 900. That was net profit
earned and it stands, believe, as the
greatest net profit ever paid by single
mine in the world.
Compared with the vast develop
ments of the Calumet e. Hecla tn work
so far done on the Nevada Consolidated
is the merest trifle, and yet today, with
rather less than 2per cent of its ground
explored the Nevada Consolidated has
in sight in those 40,OO0,O 900 tons of ore
net profit to divide among its stock
holders of $176, 900, 900, at the present
price of copper.
"These amazing Figures do not origi-
nate with me, but with the great New
York mining expert, ]. Park Charming,
who has examined and reported upon
the property. That report is now pub
lished and obtainable.
81 have only extended his calculations
from the condition of the property and
the price of copper at the time of his
report to the condition of the property
and the price of copper at this time.
GAS my object is to give vivid but
faithful general impression of the mag
nitude and value of the great Ely de-
post, rather than to recite details, l
beg indulgence to reiterate that asingle
mine at Ely contains today in sight a
net profit almost twice as great as the
Calumet & Hecla has earned in career
of sixty years-and the Nevada Con-
solidated, though as yet the most ex-
tensively developed in the camp, is not
regarded locally as the best property
on the great deposit. 1t contains 600
acres which is hardly more than tenth
of the whole field known to be mineral
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