Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-07-11
How a Boston Critic Views That
Corporations Beaver COun-
ty Properties.
SHELTER WILL NOT BLOW IN.
says Il Was Built 10 Sell stock
Thinks Wen OF the Harrington
Hickory Mine.

In writing from the standpoint Of Al
authority ou copper George L. Wake
OF Boston has not formed AN altogcthe
favorable impression Of the Maiosii
Copper properties in Beaver county II
rays they are possibilities, but caH
hardly be ranked among the PROBABLE
Ilea.
Il remains 90 Doe seen how near RICH
the BOstonlte IT, But there is not th'
slightest doubt that a good many PEG
Die have begun 90 view Majestic Cop
per 100 the light that Mr. Walker does
SO, 90 must be considered that II has
bfcn only up 60 within the past year ~
So that any systematic work has been
done and il win probably require
good deal more before he properties
are developed TO paying basis. Those
now In control were undoubtedly led
TO believe the properties owned by the
Majestic company were % great deal
better than the facts Wlil bear out
when they invested in the stock. Nov
they are straining every EFFORT toe get
desired results from development
Ia his comment on this Utah prop
city Mr. Walker says
There is a chance that The work now
under way "a the property may develop
or locate a sufficient body Of ore OF
commercial value to form the basis of
profitable mining enterprise
Because the company owns a smcli-
or. it should not be regarded as a de-
yclopcd and equipped property The
smelier rs an abomnation. Ii was built.
apparently, to facilitate the sale %
stock aud not 90 gnelt ore. Though
o. has lead stack, the lead ore now
being mined by the company is shipped
moro than goo miles Ia custom smclt-
en- 10 being mprlcticahle 20 treat Il
ia rs own plant. There is little prob
ability That the Miestc smclicr will
ever be used.
"The copper ores in the Majestic
mines are low grade, averaging per
per cent They arc too silclous 10 be
smolted without previous concentration,
and the only way 10 obtain water az
Milford is being sinking deep wells and
II would De practical 10 do
tits. perhaps should sufficient guam
tiny Of good concentrating ores ever be
developed. Very little work Is being
done ON the copper deposits at present,
however.
1T Is the opinion OF prominent mining
men who are thoroughly familiar with
the Majestic property that its valu.
Win be- found, II found "a all I'm It's
Harrington Hickory Clalmsz which
have numerous small veins and string
crs carrying a fair grade OF lead-copper
ore. Most OF the work now under way
IS centcrod on these properties. and
about two ears OF ore Is being shipped
weekly.
$50 FAR az ! can see. there rs no basis
FOR homo that Majestic stock win he
worth more q year or Two hencc than
10 sells for 40 present only % men
are employed, and operations are being
conducted ON a very economical scale.
The property has been so extensively
explored already. and has nj different
times presented such varying promise,
that the dlsc0ve.y ~ another OF thr
small lunches Ot rich ore which are
Characteristic Of its deposits, would mo-,
likely be followed by anything moro
than very moderate buying OF the
stock.
II the Majestic property had given
material promise of ever making "a big
NINE. sufficient money would undoubt-
edly have been raised during the past
two years Of high copper prices TO have
permitted the Inauguration of develop
mcnt work on a large scale