The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-03-31
THREE BIG MEN
IN THE FIELD
Something About S. W. ECCIeS,
w. B. Thompson and George
E. Gum and Copper.
ARE AT TOP IN ELY CAMP
NOW OUT TO START THE BALL
ROLLING.

with the appearance in this city of
S W Eccles, W B. Thompson and
George Z. Gum, all at the same time,
and with the departure Of the two for
mer for the west last night with the lat
ter TO follow in a day or two, ii begins
10 look as though the copper camp OF
Ely and YeringtOn. as well. would shortly
he in for a shaking up. Before going TO
Ely, Mr.. Eccles will go to look after
American Smelling affairs on the coast
and Mr.. Thompson will accompany MIN
They will return TO Ely together abSat a
week hence.
S w. EccIes is now one of the biggest
men in the Guggenheim combination ~,
next to Simon Guggenhelm, IS the most
active member of that powerful comb
nation. while his old friends in Salt Lake
are expecting some day TO see him at
The very top of the ladder He IS presl-
dent of the CumberlODd-ENy company,
Nevada Consolidated company, the step
toe Smelling company and Nevada
Northern Railroad company, which con-
meets Ely with the outside world. He IS
one of the directors and deeply Interested
in the Cumberland-Ely company. which is
a one half owner in the big mills and
smelters that are being constructed at Ely
TO treat the ores from the Cumberland
Ely and Nevada Consolidate@ mines
Mr.. Thompson * vice president of the
Cumberland-Ely company. and a director,
also, in the Steptoe Smelling company
ana the Nevada Consolidated lie Is 4
close business associate OF George +.
Gum and member of the big banking
and brokerage firm of Hayden, Stone K
Co, of Boston and New York
Partnership Is Formed.
George L. Gum needs no introduction TO
Herald readers but as he and Mr.. ThOmp-
son have pooled their interests in this
western country, have organized the
Gunn-ThOmpson company To look after
them. have opened offices ia this city,
and will be heard from in the mining
world from now on no harm can be done
in repeating who he is. Mr.. Gum first
came into the limelight here as the field
representative of the Guggenheims and
American Smelling ~ Refining company.
He got into Ely and. beside being instru-
mental in landing the Guggenheims in
that camp. h. rounded out the possessions
of and organized the Cumberiand-Ely
company. He has since jumped into Yer
ington and is now making one of the
big copper mines in the country out of
the properties of the Mason Valley COM
pany. the control of which was sold to
him few months ago.
These men are about the biggest and
most aggressive that have interests in
the state of Nevada and they are just
getting started. That is why this mention
of them is made.
Plants at Ely Being Rushed.
While he has not been at camp for some
time. President Eccles is in close enough
touch with what is doing to feel certain
that the SteptOc smelter viii be ready
10 begin the treatment of ore before the
end of the present year. Material for
the first unit of 800 tons is now being
delivered at the site. as is also materials
for the great milling plant. The concrete
foundation work and all preliminary con-
struction is well along al the plants and.
all material was ordered early last
fall and. weather conditions are now
such that construction can he rushed.
the great plants will Immediately begin to
assume form
Eccles. Thompson and Gum are a unit
in their expressions concerning the great
ness of the mines with which they are
identified What the Nevada Consolidated
has been doing in the way of development
is we'll understood. What has been ac-
complshed at the Cumberland Ely and
particularly at its Veteran group. is not
however, that what is probably the big
gest body of high-grade copper ore open
ed In the camp or state for that matter
exists in the Veteran group.
CumberIand-EIy's Riches.
The developments so far done in this
body of ore has opened it up for 400 feet
straight away in what is thought to be
the strike or trend Of the ledge. 1t has
been cross-cut for 200 feet and in no
direction is there yet any indication of
where the limits will be found. A great
deal OF this ore carries sensational values
out the company ) Objects prefer TO speak
of ii as a mass that will average better
than 81 per cent in copper. From this
one property one of the officials stated
yesterday, with copper at II cents a
pound. II VIII be an easy trick to earn
S5.5eo.O00 net per year.
In addition TO the tunnel workings this
property has for sixty days been under
development in the new shaft and by the
time the shelters and mills are ready TO
begin taking the ore it will be possible
TO deliver almost any sort of a tonnage
The trinity of operators mentioned and
the interests they represent are now out
in this country to start the ball rolling
in the camps in which they are interested
and, according to the way things looked
yesterday. some new things are apt TO
originate with the Gunn-Thompson com
binatiOn during the year. because IL was
admitted that a field staff was ielng or
ganiZed ana that Lew HUMPHREYS long
prominent in the Guggenheim Exploration
company's household would be at the
head of IT,