The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-31
Details Of Recent Developments
Show Property Easily to
Be a Wonder.
MAJORITY OF BOARD
is NOW IN ZION
Rushing Work on Concentrat.
ing and Smelling Plants at
McGill's Ranch.


dated company, for iii local circles this
organization has ever held first place
In that famous region. Not the less
thought of, however, is the properties
OF the Cumberland Ely company, and
recent disclosures upon the Cumberland
Ely ground have firmly established that
organization on an equal If not better
foundation in public estimation with
the Nevada Consolidated, 1t has not
been until the last few days that any
details OF the more recently discovered
merits Of the Cumberland Ely have been
obtalnable IN local circles, and what has
been learned has more than established
In the good will of local people.
Cumberland Ely affairs are especially
interesting at this time owing to the
presence in Salt Lake of majority of
the board Of directors Of that company.
They are S. w. Eccles, president of the
company, also vice-president of the
American Smelling and Refining com
pany; George e. Gum, who needs little
introduction TO Utah circles; and Will
liam b. Thompson, the prominent stock
broker and mining man of New York
Clsy. Mr.. Eccles Is en- route TO Seattle
from Salt Lake. and upon his return to
this city. the three gentlemen above
mentioned will proceed to Ely for the
purpose of getting in touch with the
hhd VI IHb ELY anu IHb
Nevada Consolidated properties.
Perhaps the more immediate point to
be gained by the visit on the part of
these gentlemen Will be the rushing
ahead of all plans Of reduction works
which the Cumberland Ely is erecting
IN conjunction with the Nevada Consol
idated company. These directors have
been met in Salt Lake by Pope Yeat-
man, the consulting engineer, who will
have complete charge of the work, and
who will have at his back the experts
Of the Guggenheim Exploration COM
pany, than whom no more ideal aggre.
CATION Of talent exists, The details of
these reduction works arc extremely in
teresting TO Utah talent, for the same
as well as the methods of ore eXtrac-
ton in the Cumberland Ely will be
modelled closely after the great plants
and modern mining methods in use in
this State.
By virtue Of the enormous bodies OF
splendid copper ores opened up IN the
Veteran mines of the Cumberland Ely
company during the past few weeks, an
entirely new phase has been placed
upon that company and its future. Tho
general average of an immense mass of
red metal rock is better than three and
a half per cent copper, and with the
plants now being built, this company
Will be producing when verythlng is in
readiness at the rate of 30.000000
pounds of copper a year, as against 25,-
100000 pounds by the Nevada Consol
idated company. This large production
will be possible by reason Of the greater
copper contents of the Veteran ores.
The first unit of the concentrating plant
viii have a capacity of 1900 tons of ore
daily, while the smelter will be a dupli-
cation of the smelling plant at Garfield.
Plans of the concentrating works are
expected TO be completed shortly, then
will begin the excavations for the same
Immediately upon the completion of the
first unit VIII commence the work upon
the second, and eventually, and not far
in the future either, the company eX-
poets TO have $4,000 ton plant III
shape for operations.
The first section of the first unit is
expected TO he in operation this fall
the machinery for the same being on
the ground. The first unit IS 10 be di-
vided into three sections, each TO be
a complete mill in itself very much
after the arrangement of the Utah Con
per company s plant at Garfield. This
all means that inside Of n year tho
Cumberland Fly and the Nevada Con-
solidated companies Will have IN opera
ton the FIRST unit, capacity 1900 tons
per day, of the concentrating plant, and
inside OF two years the plant will have
capacity fifty per cent IN excess Of
the ultimate capacity OF the Utah Cop
per plant at Garfield When this gigan-
tic task is rounded out, it will repre-
sent an expenditure of $20,000,000.
Nothing could better illustrate the
reason for the Cumberland Ely stock
holders present qualification over the
affairs of the company than the fact
that in hard cash the treasury of the
company holds S3,000,000, and an asset
OF no small proportions in itself is tlte
half interest the company OWLS of the
Nevada Northern Railroad company,
valued at S2.000.000. With the earning
capacity so closely within reach Cor the
Cumberland Ely company, its ability to
pile up profits is m interesting matter.
Taking copper at the low estimate of
II cents pound, and counting tho cost
Of copper production at about seven
cents pound. the first unit of the con-
ccntrntjng plant will enable the com
pany TO make "A profit Of $500 900 per
annum. It is not thought that the
smelling works at McGills will be ready
by fall, 50 until IT is in shape for oper
ations, the Cumberland Ely company
will ship its concentrates to the Gar.
field plant. The system of mining to be
employed will be along the lines adopt
ed in the Eastern iron mines and by
the Utah Copper company; by the cav.
ing method, meaning wholesale mining
As has been stated, ii is only recently
that the Veteran mines have given re-
suits that easily elevate the Cumberland
Ely resources above the general run Of
the camp. On the 3S0foot level of the
Veteran. and for length of 400 feet,
the management has just exposed, with
the end not yet in sight. an ore body
lS0 feet IN width. The whole mass will
average three and half per cent cop
per easily, while 200 feet of the same
will run better than four and n half per
cent The deposit is remarkable on ac
count of its evcnness, being one of the
smoothest and most faithful deposits Of
red metal imaginable; allowing the as
say sheets to present as uniform appear
ance as the talent who has seen them
has ever found anywhere.
1t is not TO the Nevada Consolidated
company alone, therefore, that the camp
of Ely is TO look for maintaining it's
greatest reputation. The Nevada Con
solidnted company presents very diff
1cult proposition to beat. having the