The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-05
UNCLE SAM ANNUAL
HELD ON MONDAY
Extremely Fine Showings Dur
ing Past Season Reflect
Credit on Property.
LARGE ORE BODY
TELLS OWN STORY
Dividends Came Steadily in
Spite of Very Heavy Run
ming Expenses.

That the Uncle Sam Consolidated COM
rany is to be congratulated for tho mag
pificent showing that has been made dur
ing tho past year, and that no flnor pros
pcct could be desired than that before
the Uncle Sam Tor tho coming season,
are the conclusions one is compelled to
draw when he looks over the annual re-
port of General Superintendent c. G.
Griggs, who filed this report Monday
afternoon ut the annual stockholders
meeting OF that company.
Same Board Reelected.
This report goes into exhaustive detail
regarding the amount or orc marketed,
the developments and other matters OF
interest for the ending year, and the con
u!tion OF the property reflects great credit
upon the management, There were many
stockholders present at the meeting, and
the same board of directors was elected
lhat served the company 80 efficiently IN
that capacity last year. They are John
Dern, James Chapman, Joseph Nelson, b
+. Saunders ana George Havercamp,
According to Superintendent GrlSgs re-
season just ended shipped altogether
6,Is6 tons Of ore, which averaged Sl. ~
e ton, giving u total valuation TO the
output OF Sl26, q This includes. how
ever. about i0O tons oil ore from the Hum
bug dump. which brought about So u ton,
After meeting the expenses of the com
VI,
paying the sum of $4,000 as dividends.
The company has on hands at the present
time the sum OF SlS.6s4 OIL
Improvements Added.
Out OF the receipts OF the year the COM
pany paid out SSS0S.T1 in tho form OF
Richmond and Anaconda assessments.
The sum of ss.S42 was paid out for deVel-
opDlent work. complete compressor
plant, including the pipe and drills, wero
purchased during the year at q cost or
about $3.50. ana new hoistlng ongine
was bought and Installed. Construction
work to tho extent OF 81, 90 was done dur
ing the year. and when the amount Of
dividends is taken into consideration. tho
company has Indeed closed 4 most sue
cessful and mentorious year.
1t Is to the present orc developments,
however. that Superintendent GriSgs calls
especial attention. The s00foot level OF
interesting developments during the sea-
son. In prospecting around this level, the
management found that the ore crossed
The contact some $50 feet ahead of the
Loint where the feeder was first en-
countered. One strange thing was found.
when encountering the main vein 1t was
apparently going around the end OF the
dyke, At this time the strange forma-
tion became more curious and It was
developed that tho ore not only did 60
across the strike around one end. but 1t
the dyke.
AalS &c oio oooy oil oGh-
This dyke. therefore. contrary to tho
past conclusions, is really the Gaping,
all veins heretofore encountered go into
tho enormous body under this Gaping.
making one Of tho greatest ore bodies In
that camp. On the 6D0-foot level a. winZe
was sunk for forty feet all in ore. and
the management drifted from this level
120 feet under and parallel to tho dyke Gil
in ore, Superintendent Griggs statos that
1T is impossible to state the extent Of this
ore reserve, as each additional foot adds
to II
1t will be noticed by resort to the re-
port that fully Al per cent of the ore
marketed during the year was high grade
which averaged S33.62 a ton The ore in
sight In the mine Is exactly this grade
OF ore. 30 that much more prosperous
year Is ahead OF tho Uncle Sam company
than 1t has Just closod, Tho ore in sight
at this time is much greater in amount
than II was the first or lest September
During the year tho mill made the COM
pany the neat sum of $4,000 which is
more than It's original cost. and this plant
only handles that portion OF the low grade
orc that otherwise would have to be
thrown over the dumps
Reflects Much Credit.
Altogether the showing of the past sea-
son Is one rejecting great credit upon
the property AID those who have been
If the mine to light When II is taken
Into consideration that up to the first OF
Just November little or no effort couId
De made toward extracting the ore, owing
everything ready for the active market
Ing or orc, so hat everything was accom-
plished during tho pact seven months, the
achievements Of tho Uncle Sam ara oil
the more wonderful and praseworthy.
There was represented at the Monday
meeting total OF 40l, $50 shares out OF rho
10000 shares In the company.
WE HAVE STpucu opr