The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-06-15
SAM NEWHOUSE
ON THE CACTUS
Would Like to See the Worlds
Best Experts See the Mine
and Pass Judgment.


days making a thorough inspection of the
Cactus mines of the NewhOuse Mines s
SHELTERS corporation. Upon his return
10 the city yesterday morning he de-
cared that it was simply impossible foI
anyone to comprehend what the mine
looked ike at the present time without
being able TO see IT.
Il hesitate to talk about the property,
said Mr.. Newhouse, because 1 am afraid
of being charged with Interior motives
Stock market conditions are such at the
present time that favorable mention OF
mines are usually construed as an at
tempt 10 boost the price of shares. L VIII
say, however, that nothing would please
me better than to open the mine TO the
inspection of the most competent, critical
ana eXacting expert talent in the mining
world. l should like to have men VINO
know what copper mine IS take the
measure of the Cactus property; 1 should
ike to have them see and understand
what we mean when we say that We have
81 solid ore body 20 feet thick, all ore
% a splendid milling grade, with sew
eral feet clinging to either wall that aN-
erages from Z 10 20 per cent copper by
the carload, just as II is broken
should like them TO see how TINS I'M
mense deposit is being opened up from
the 300 down to the 7O0-foOt level; tC
see what We are getting from the shaft
that has been started down nom the
4eO and how the mine is equipped TO han
die the business being done underground
/ believe it would open the eyes of the
best of them.
1t mas been quite a task to cut out
the great station and install the ma
chineTy at the mouth of the smart aho
some delays have been experienced. How
ever. all is now practically ready TO place
the DIant in commission and sinking will
shortly be resumed. At 1,UJ teet deep
] have reason to believe that the mine
will be q great deal bigger and rlchel
than it is on the 200 level rich and Dig as
il is | believe that any engineer. OF
layman, for that matter, with knoWl-
edge of mines and mining, would unhes-
itatingly indOTse what / am now say
ing could they see what ! have seen duf-
ing the past three days
Machine Shops Underground,
As an Illustration of how business is
conducted underground at the property
Mr. Newhouse stated that a great cham
Der had been heWed out of the ore bodies
ON the 700 or tunnel level and converted
into a splendidly equipped machine shop
A convenience of this kind one and one
quarter miles underground is OF no smal
Importance when repairs TO machinery
cars or locomotives is found necessary
All such things are taken into consld-
Grafton at the Cactus, where the art oil
mining, transporting. milling and snip
ping the product is being reduced TO a
science.
In all that is now going on the ores
taken out for shipment and treatment al
the cOmpanys big mill come almost en-
tireIy from regular development. The
massive ore bodies are simply being pune
tured at stated intervals and placed II
readiness for regular stopping operations
from one level to another as depth is be
ing attained.
About Dividends.
sMr. Newhouse stated that. somewhere
about the first of the coming month the
directors would meet in New York anC
probably post a dividend. He would not
Venture a prediction on the amount and
he did not expect it would be disbursed
until September though that would be
a matter. also, to be determined at the
meeting. He was inclined to wait and
see how the copper metal market was
going to act before fixing a rate of divi-
bends for the company, so it may happen
that, while the directors will vote to be-
gin distributions in September the rate
of payment may be left open until near
the time when the books close. The COM
pany is shaping up to begin its career as
one of the splendid dividend payers in