The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-04
CUT LOOSE At
ELY IS ORDERED
CumberIand-EIy's 100000
Surplus to Be Used in Rush.
ing Mill and SmeIter.
ARMY OF MECHANICS BUSY
PLANNED TO BEGIN PRODUCTION
IN APRIL.

Without waiting for action on the
part of the Nevada Consolidated COM
pany. the powers in the Cumberland
Ely company have decided that there
shall be no further delays i'm hurrying
10 completion the great milling and
smelling works at McGill, New. The
latter company, through the foresight
of its promoters, IS at present blessed
with a treasury that contains more
than $1,000, goo in cold cash, and this
money, or as much of it as may be
necessary. is to be lOOsened up in order
that the work on the reduction plants
may be rushed to completion. This
was all decided upon when S. w. Ec-
cles. George E. Gum and other big
interests i'm the CumberlandEly and
other companies interested got together
So Ely two OF three days ago. The a.
ton there taken only remains 10 be
formally ratified ny the directors of
he Cumberland-Ely company, and that
viii be done just as soon as they can
be called together in New York
Rush az Mill and Shelter.
The men under whose direction the
great works are being constructed de-
clare they can have them ready to go
into commission by April, the mill
sooner than thac. George Z. Gum
pieces the limit at June 1, admitting
that he is conservative in that, as all
the material for the completion Of both
mills and SmelteT not delivered is now
probably in transit. There is a force
of about $50 skilled mechanics now en-
plOyed at the works, and this number
viii be increased by Just as many men
as can be worked TO advantage. In
other words nothing Will be put off
tin tomorrow that can be done today.
In the meantime there is a force of
$50 men employed at the Cumberland
Ely company's mines. where the open
ing up of the sensational ore bodies is
progressing day and night. and where
the mammoth working shaft is being
pounded down as rapidly as the best
miners in the business know how to do
it. Here the installation of the mag
nificent new hosting works will soon
be under way and here. at the Veteran
workings, il is expected the first ores
To go through the mammoth smelling
works VIII be produced. This is so.
because the Veteran mine has hundreds
of thousands of tons of ore blocked out
that is altogether of too high a grade
10 necessitate its conversion into con-
centrates; it must go direct to the
smelteT
Cumberand-Ely the Best.
I'm ali this Ely amalgamation bust
ne S. or community of interests propO-
sitiOn. the Cumberland-Ely company
occupies an enviable position. and one
that is not generally appreciated. The
company owns One-half of the mills
and smelters. one-half of the railroad
and, unlike the Nevada Consolidated,
IL owes no one a penny and has a sur
plus of over S1,00O0OO cash in its treas
ury. Its mines are just as big, if not
bigger than those of the Nevada Con-
solidated company, with the advan-
tage of carrying a world of ore the me-
tallic contents of which is from five to
ten times greater than the average
ores of the Nevada Consolidated. 1t
has simply unlimited quantities of
concentrating ores in addition, and the
wonder of the mining world of the
west is that there should be such dis
parity in the market value of the
shares of the two companies, with
Cumberland-Ely as the under dog
This is not said with the idea of be-
lifting the magnitude of the Nevada
Consolidated company's mines, for
there is no question but that its Ruth
mines alone contain more ore than will
be mined and treated during the next
fifty years anyhow. The statement is
made in order that the uninitiated may
know that the Nevada Consolidated has