The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-29

Mining company, the Magnolia-St.
Louis company, the Pinyon Ridge
company, the Baltimore Mining COM
pany and all the McGregOr holdings
upon the hill. Included also is the Ad-
dina group and all the individual hold
ings Of Thomas Kearns. consisting of
more than ten claims The properties
Of the Odin company and of the Bel
mot Mining company are also includ
ed. These properties give the Silver
King Coalition company an area of
over 1000 acres i'm its several groups
of claims, whose history the past few
years has made them known through
out the west as rich. promising prop
critics.
Big Average.
The progress the company has made
since its formation gives every prom
Use that after the men who are back
of the corporation have all departed
life the property they now own will
continue to produce the richest ore
Utah knows. and this means the west.
There is every indication that for
years and years 10 come the property
of the Silver King Coalition Mines
company will be regarded as the fin<st
mineral ground in Utah that its pro-
duction will steadily increase AID grow
llNAAFls idlllti Alidl1 ulilllliSts. As lilt
science of mining advances the proper
ty is sure to become m1-e and more
valuable. As it stands today there is
not more valuable ground in all the
inJermOuntain region. For years to
come it viii be the biggest acreage
mining proposition in the intermoun-
tain country should not another foot
of ground be purchased by the COM
pany.
The old Silver King alone is so far
from worn out that experts who have
visited the mine of late declare that
for "A long time to come the mine will
panys holdings and will prove a big
factor in the dividend end of the com
pany. Many millions Of dollars worth
of ore have been taken from the Sill
yer King mine, and there are millions
left The keynote of the success Of
this property is unquestionably the
practical. economical management it
has had at the hands of Thomas
Kearns and Mr.. Keith. They know
the old mine like book. and have
nursed it carefully along through thick
and thin until it has paid them fortune
after fortune. Senator Kearns has
managed the property in a way that
bespeaks the knowledge he has of Il
and the faith he has in its richness. His
management of the mine was Of such
a nature that when the Silver King
Coalition company elected its officers
he was made general manager without
an jnstant's hesitation. With that 20
sitiOn filed TO their satisfaction. there
apparently was little else left for the
rest of the incOrporators TO do but
rest on their oars and let Senator
Kearns put the property on a divi-
dend-paying basis. There has never
been q moments doubt but that he
could succeed in doing this, and doing
it as well, and better. than anyone
else, unless it be President Keith who
shares with Senator Kearns an init
mate knowledge of the property.
The company so newly formed is
now well on its way toward a fulfill
ment of the purpose for which it was
organized. With its progress and
growing richness will come the up
building of Park City, Salt axe and
all Utah, for of the millions of dollars
that have been taken from the prop
erty the company controls much of il
has gene back into the upbuildirg OF
this city and state The men behind
the company are men who's for the
most part owe their fortunes - the
richness of Utah mineral lands and
who have expressed their gratefulness
for the success that has come their
way time and again.
The progress that the company has
already made is of a most encourage
ing neture, and the work is being
pushed on the property as fast as DOS
sible. The temporary slump in min
ing and the LABOR troubles at Park
City haze, of course. affected the Ope-
rations of the corporation to some ex-
tent, but the grand old Silver King
and the newer workings haya wealth