The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-06-05
DALY-JUDGE is
A BIG PROPERTY
So Declares Col. E. A. Wall Aft
er Making a Partial
Examination.
RECORD FOR FIVE MONTHS
UNCLE SAM CON. MAKES A FINE
EXHIBIT.

Colonel z. A Wall has returned from
sn inspection Of the Daly-JUdge COM
pany's properties at Park City highly
pleased with the conditions he found
there. While he did not have time 10
see as much OF the mine workings as he
would have taken great pleasure In sIZ-
ing UP. he saw enough to convince him
that the property is not only great
one now, but that everything Is favor
able for its continued growth as an
ore-developing and big earning prOpO-
SitIOn-
In the few hours that I was under
gICund.' said Colonel Wall, two levels
were all had time to see, the l,20O and
the f5O0 levels. In the McSOTley drift
on the 1900 level a remarkably strong
shoot of fine ore has been developed
and shown to run we'll down in the di-
TeCtion of the 1900 levels as we'll as up
from the I 200. Conditions on the 1-4Go
level were explained to me. and from
the statements of the superintendent
II must look fine there also.
The Fifteen Hundred Level.
The 1.5OO-foot level being the last
one to have been opened up i'm new ter
TitOry. was the one that proved partlc-
ularly interesting to- me Here I found
that an ore shoot several hundreds of
feet in length had been opened up ana
that stope had just been started in it.
At the point where stopping has COM
menCed arrangements have been made
To take out the ore from wall TO wall
which are thirty feet apart Sets have
been started for fifty feet i'm length, so
this one StODe in the great ore body,
which is apparently nearly all first
class shipping ore. Is to cover a space
i'm the vein thirty by fifty feet For 200
feet or more beyond the point where
T7sl E-TTr *
all through solid ore. and the same con-
GitiOn prevails in the opposite direc-
ton. The tremendous ore shoot IS all
down IN the QUaTtZite underlying the
lime and from what I saw and learned
while at the mine, I figure that il viii
most likely be followed Up till the con-
tact is reached and then spread out
over an immense area It would take
lutte study 10 say definitely how far
q hove the 800 the contact with the
lime viii be found. but II Will hardly be
less than 100 To possibly more than 200
feet II would take more time than /
had a my disposal to get q fair line
on conditions throughout the mine, so
as TO be able TO Inteillgenrly discuss
them for newspaper readers. but I have
uu heSitaucy i'm saying that the prop
crty is a big one and that its pOSsihil-
tiles for the future are beyond CalCu-
lation-'
Five Months Earning Record.
When the present year opened, five
months ago, the DaIy-JUdge company
had an OverdTafr of nearly 500 at the
bank, and in addition had 100000
worth Of bonds outstanding, making its
total outstanding Indebtedness approx
imateIy S23I000- Secretary g. w
LambOUrne stated yesterday that the
present month would witness the TAX
ing uD and cauCelIiuE of the last out
standing bond. and that July would be
ushered i'm with the company entirely
out of debt and with a good starter III
The way of a surplus fund. Granting
that the Indebtedness of the company
is discharged by the 10Th. il is seen that
The company has been wiping out its
ObIiga tons at the approximate rate of
81 400 q day since the mine was thrown
open to production and the mill was
started. besides continuing the plan of
development decided upon by President
John }. DAILY at the time he asked the
shareholders TO authorize the bond is
sue. This showing does not ut in well
with the predictions made by brokers
snd others at the time the bond issue
was authorized, 10 the effect that the
entire proposition was a stock jObbing
scheme and that the property would
surely fall into the hands of the bond
holders. but II is safe 10 say that no
apologies viii be- offered by the false
prophets.