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


the western mining world than those
of Tony jacobson and the Alta dis
trict. One is synonymous with the
other, for TO the richness of the prop
critics in the district mentioned Mr.
Jacobson owes his success and fortune
as a mining operator. and to his perse-
Verance and confidence as regards the
ultimate worth Of his properties in the
Alta district that district owes much
of it's fame.
Tony Jacobson is unquestionably one
of the best known operators the inter-
mountain country has ever produced.
He has grown up with the mines of the
Alta district and probably knows them
better than any other man operating
there today.
The Columbus Consolidated mines
occupy a place in the foremost rank of
Utah dividend paying properties 1t is
and has been one of the richest mines
in the state and the record to its credit
for the past years operation is but an
indication of what is to be expected in
1908. so promising are the prospects
that have been opened up in the past
few months. The ore sales of the Co
lumbuS Consolidated up to the end Of
November aggregate a sum slightly in
excess of $500, 600. in round numbers
81. 900 for every day in the past year
This is the record of a property To-
Gated IL a camp that does not possess
the shipping facilities of many of the
larger camps of the state.
During the year four dividends have
been declared on the stock of the COM
pany, making a total of S212, 623.5O. The
first of these dividends was disbursed
last January. the amount being fifteen
cents a share on the issued stock. or
So. 500. 20. Following this dividend three
more were declared, each for $50, 707. 60
making the total. S212, 623. so On TOD
of all this a tonnage has been deveI-
oped that promises TO feed the smell
ters for many years to come On the
fifty, one hundred, one hundred and
fifty, two hundred, three hundred and
four hUn0red-fOOt levels. the showing is
Of d most satisfactory nature while
practically every pickfuI mined carries
values of shipping weight. while each
days work adds TO the mill ore re-
serves.
Most important of the work at the
Columbus Consolidated property at
present, however, are the plans for the
coming year and the new developments.
These have been particularly impor-
tant, especially the results obtained
from the exploration of the heretofore
virgin ore bodies located below the
main tunnel of the mine
Thirty years ago the Alta district
was a producer of the highest grade
silver ores. Then the railroads were a
hundred miles away or more and the
shipping facilities were Of the worst
possible nature. The SHOWS in winter.
and the slides wrought havoc with ev-
cry property in the district Gradually
things changed for the better. and with
the advent of modern mining machine
~ into the district the conditions i'm
proved and the shipping became .heay-
Ter and heavier. The low grade ores
that were abandoned years ago as be-
ing practically worthless on account of
the high freight rates to the Smelters
and the exorbitant charges of the lat
Ter have long since moved to market
The shipping facilities were greatly in
creased two years ago with the con-
struction Of five miles OF aerial tram
way from the upper terminal. From
the lower terminal of the district
similar piece of equipment has been
constructed. Where hundreds of tons
of ore were shipped daily out of Alta
Formerly, thousands are now shipped.
Big Earnings.
The Columbus Consolidated has beAr
a heavy producer since the opening of
the mine. Its net earnings have run
10 100000 q month and over since the
property was thoroughly developed. Mr..
jacobson assumed control of the Co
lumbus Consolidated early in 1902 and
10 bis energy and knowledge of the
mine and the district is due the success
OF the property. In the beginning he
had the aid of c. X. Mccormick, one of
the leading financieTs of Salt Lake. as
his financial hacker. This was but
short-lived, however, and the backing
was never needed to any extent. for
30 rich was the vein encountered on the
wOndrously prolific Alta ledge that the
property was soon in a condition to
handle itself.
The mine commenced to yield i'm July.
1902. and has been a big shipper ever
Since and it has developed from its
own resources until il is recognized as
bne of the greatest silver-copper-lead
producers of not only Alta, but of the
entire state of Utah. 1t is everywhere
regarded in the western mining coun-
try as a dividend payer with unlimited
possibilities for the investor. It has a
territory upon which il can draw for
years to come.
The mine is equipped with the best
lurface machinery for the most scien-
life, comprehensive mining known 10
the mining machinery world. The dis
Iances marked by the tunnels, winZes,
tpraises, and drifts measure more than
mile and half The ore bodies with
n these zones have produced ore which
thipped, has aggregated in value. to-
lether with the sales of treasury stock, |
iomething like s1,000,000. The improve
Ilents put on the property in the past
fear include a big new boarding house |
hat will accommodate 150 men at the |