The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-14
LIBERAL GIFT To
WE|MER COMPANY
Originators of Company Pre-
sent Large Group of Ada
cent Ground Monday.
ACTION is SELDOM
EQUALED THESE DAYS
Auditing Committee Accepts the
Ground and Reports the
Accounts Correct.

About a week ago n committee COM
posed OF Judge A, n. Cherry, J. j..
Pcrkes and James Dyer was appointed
by the Weimer Copper company for
the purpose of auditing the accounts
and passing upon the advisability OF
making an extensive addition to the
eompany's Idaho copper holdings.
This committee has returned from an
inspection of the ground. and has re-
ported favorably toward the acquisition
Of the group in question. This group
consists of about twenty-six claims
adjacent to the original eighteen
claims of this company, and tho group
has been located, recorded, surveyed
for the company by Peter Weimer.
the mine superintendent, and given
to the Weimer company absolutely free
of cost TO that organization.
The committee s action in accepting
this offer from the Weimers has been
favorably received by the local stock
holders, and they are extremely sincere
in their praise regarding the generosity
of the donors to the company.
The Weimer copper possessions, there.
fore, are TO assume a magnificent
acreage, which, in connection with the
splendid copper showings over the
group, make this, company one Of the
most attractive and promising among
rcd metal producers, In speaking about
the developments at the property upon
his return yesterday, Judge Cherry was
very enthusiastic over present condl'
tions. He said:
''As to the physical condition and
prospects Of the mine, [ hesitate to
make a statement, for the reason that
if the naked truth is told most people
would consider my statements a gross
cxaggeration. The only way for any
one who has any interest or who wishes
10 acquire an interest, is TO visit the
property IN person. and they VIII re"
turn with the same impression enter
tanned by the Queen Of Sheba, when
she visited the court OF King Solomon,
viz: that the half has not been told.
1t is sufficient. perhaps, to say that
there are now thousands Of tons of
shipping ore in sight, and of the
lower grade the amount is simply
beyond calculation to any degree of
certainty On the Valley View claim
the ore seems TO be anywhere you
dig for it. practically from the grass
roots TO hundred feet in depth, being
about as deep as any exploitation has
gone.
"Almost the same conditions exist
on the opposite side of the canyon on
the Paymaster claims. Every open cut,
tunnel or incline shows large bodies of
high grade copper. while the entire
mass is we'll mincralized. and of suf6-
cient quantity TO feed a smelter for
many years TO come. The mine is in
charge Of Mr.. Peter Weimer, who at
present employs about thirty men,
besides the ore haulers. The finest
discipline aud order prevails in the
camp. Many of the miners have be-
come stockholders since working on
the property. The boarding house and
commissary department is excellent
III quality and well maintained. The
sanitary conditions and general health
of the camp Is perfect. The auditing
committee found the books and ac.
counts all straight and correct. and all
were pleased with the management
and well satisfied with the financial
as we'll as the physical development.
About the only thing | care to add is
that from the present showing on the
ground the stock is worth much more
than is now being asked for the treas
ury stock, and if the property were in
the hands of some men, not single
share could be bought for less than
$40 per share