The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-25
ANNIE LAURIE IS
NOW IN NEW HANDS
Gold Mountain Con. Company Sc
cured Noted Mine From
Former Owners.
OWNS NEARLY ALL OF
THE GOLD MOUNTAIN
Strong People Planning Great
Era of Usefulness for
the District.

A genuine surprise was sprung upon
the local talent Wednesday by the an
nouncement that the Gold Mountain
Consolidated Mining company had Sc
cured the Annie Laurie property i'll the
Gold Mountain Mining district Of Piute
county, Utah. This deal has boen con
summated successfully by President Al
fred Carr, of the Gold Mountain Con
solidated company, and his associates,
among the latter being numbered Sow
eral Salt Lakers of prominence in the
mining and capitalistic world II will
be recalled that George A. Baird, presi-
dent of the Western Exploration COM
pany. recently purchased the Annie
Laurie property at receiver s sale ac-
tiou for a receiver for the company
having cast great gloom throughout
the mining sections of Utah,
1T is from Mr.. Baird, therefore, that
the Gold Mountain Consolidated com
pany has secured the Annie Laurie, 80
what has been source of regret to
local circles, the Annie Laurie Difficult
" now turns out to be blessing for
all Gold mountain, and an element of
good and advancement for all Utah,
No little credit is due President Carr.
therefore, for the success of his plans.
The basis upon which the Annie Laurie
has been secured has not been made pub
lie. but 1t is taken for granted that
such r magnificent property called
forth one of the most substantial CON
sideratlons paid for mining properties
In Utah for many a day.
Several years ago the Gold Mountain
Consolidated company acquired the
Mammoth properties, which are count.
II In ,s1,a aSf HTtn1 1ra
in the State Of Utah. Since that time,
also, the company has quietly widened
its boundary lines until it now owns
$500 acreas in the great mineral zone,
about all there is on Gold mountain, in
fact, except the Sewer Consolidated
ground, which it surrounds. Among
recent acquisitions were the entire hold
ines of the Kimberly Mining company.
on Gold mountain. Now, with the An
ME Laurie included within its owner
ship, there is a consolidation perfected
TO take over this great extent of ter"
ritory, and what will undoubtedly
prove TO be the greatest gold mine In
Utah is in progress of being placed IN
order.
1t is within the scope of the com
pany's present plans to erect thou
the cost of handling the resources Of
the, properties to the minimum, Until
this now plant is completed, the COM
pany will overhaul the present mill, put
in new machinery, and work upon the
higher grades of Mammoth ores. All
the roads leading to and from the
mines and shipping point, Will be en-
larged and improved. The conservative
and successful management of the com"
pany in the past is the surest guaran
tee that everything in the future will be
carried forward along the lines Of sue
cess and permanency. The company has
ever proceeded along quiet lines. little
ever reaching the public ear about Its
operations. but such a transaction as
herein given was, of course, of too
great a magnitude to be conccaled All
Gold mountain, in fact, is rejoicing at
this splendid turn in its affairs, for the
district for several months has been
suffering from the sevcrest kind of
blues imaginable.
From now on, great things are TO
be expected from Gold mountain dis
trict. The resources are there, and the
kind Of people who do things are placed
in charge. In spite Of the fact that
nearly three millions of dollars worth
of ore has been taken from the Annie
Laurie ground, its real resources are
yet awaiting the first glimpse of day
light, for its surface has hardly been
scratched. The Blue Bird group, for
which alone the company paid the sum
of 100000 cash, and after the most
critical expert examination, never has
been developed. There. is ore enough
above the present tunnel levels of the
vast acreage, now owned by the Gold
Mountain Consolidated company, to last
for an indefinite period; but even great
er things are to be expected with better
depth than heretofore gained upon the
the mountain.
Salt Lake welcomes this splendid step
taken by the Gold Mountain Consoli
dated company, and congratulates the
Gold mountain district upon being
brought so successfully through an un-
dcservedly trying time In its history.
Boston Stock Market.