The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-11
Equipment and Mine showinqs.

Two SaSOIlne nolStS are now being IN
stalled and two more have been ordered
since Manager Jeldness came to town,
and within few weeks the four hOists
will be in full and regular commission.
The two whimS that are being replaced
by gasoline hoists will be used to start
the two new shafts and later. when the
ho1stS just purchased are delivered and
installed, the whims will be employed in
opening up other portions of the com
pany's great copper farm" which TANKS
the south side lines of the Nevada Con-
solidated company's Ruth group and
which breaks into the west end lines of
ending within a few hundred feet of the
Jupiter shaft workings.
In the Brilliant Shaft. which has at
tanned depth of 215 feet, twenty-four
feet of ore has been exposed. In the lack
shaft. which is down 200 feet. sinking
i'm copper ore has been progressing since
the 242-foOt mark was reached. The
American shaft has attained depth of
over 504 feet and word has just come
from camp that the Sulphide copper
bearing zone has been reached, while
ledge of ledd-Silver ore in the lime
previously passed through. The diamond
drill hole has revealed certain conditions
to d depth of sos feet and while the man.
agement, for reasons of its own. is UNI
willing TO go into detail concerning these.
1t is admitted that the disclosures made
are of the utmost Importance and will
prove invaluable to the company a
guide to the work ahead.
Men Behind the Enterprise.
With this outline of what the Ely Con-
solidated company has accomplished dur
ing the summer and fall months. it may
be added that the company is one of the
strongest imaginable, and nOvices have
found no place in its official household.
Walter G. Filler, formerly chief engineer
on the staff of the late p. L. Kimberly.
is president, while Willard F. Snyder
who has been in the mining business all
his life is vice president. Mr.. Snyder is
hn mo rI0 oh n S-ic r,nI
of the Western Exploration company's
enterprises and who is now president of
the corporation which succeeds it, the Ma
tional Development company. Manager
JeldneSS began his career as an engineer
in Norway, where he IS still connected
with some of the most successful iron
and coal mining enterprises in that coun-
try. His first experiences in this cOun-
try were obtained in the north and north
west. where he has built up an enviable
reputation. He was one of the early ones
to appreciate the value of the Ely cop
per deposits, and he became interested in
the district to a degree that has already
made him a fortune. Colonel Nicholas
Treweek. veteran operator in this and
surrounding states, and Joseph H. Ever
ett New York operator. are members
of the board of directors, as well.
Stock Is Underwritten.
The shares of the Ely Consolidated COM
pany are now being underwritten by
powerful banking firm of New York, and
the fact that the price of the stock has
advanced from $1.75 to $3.50 here during
the week makes it certain that the under
writing is being done at a much higher
figure than that. The company is already
in splendid financial condition and, long
before the smelters being built at Ely
are ready to receive ore from the COM
panyS mines, the management will be
prepared to send out tonnage that will
mean Il tremendous revenue.
The Ely Consolidated company has just
opened offices at % Broad street. one
block from Broadway, New York. c. o.
Ellingwood who has been and is assoc
ciated with the National Development
company and most of the other Snyder
enterprises for several years past, has
gone to New York to take charge of the
offices. Mr. Snyder states that anyone
going from Salt Lake to New York fail
ing to make themselves at home at the
Broad street offices will be subject to
fine