The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-01-10

tanned within the very near future The
| capital stock of the Silver King Mining
| company will be increased for the pur.
| pose of acquiring all the interests
| above mentioned. aud it is understood
that under the present agreement, Just
reached by all parties, concerned, the
! Silver King dividends will cease until
the amalgamatiou of the properties has
been coDsummatcd Any and all liti
| CATION that now exists against the Sill
YER King company viii be dismissed,
and every obstacle in the path Of a
! speedy realization of the present plans
/ thus VIII he swept away.
Mr. McGregor Retains Interest.
In this manner will be born the larg-
est and greatest mining company in the
West. and the same Character of eff
cient management that has created q
Silver King with all its achievements,
viii be brought to hear upon placing
the amalgamated properties upon
large production and dividend. paying
basis. In the future this work of the
COMPANY will be assisted greatly by
! Mr.. McGregoT, who. il is understood,
will be interested in thsa company, hav-
ing secured his interest by virtue of
the compromise. Mr. McGregor has
absolute faith in the future richness of
the ground. his devotion TO his prop
critics being more than emphasized by
| the fact that he has remained steadfast-
| ly by them during the past thirty years
or more.
All doubt and all plisgivings regard
ing the future of the Silver King com,
pany are set at rest absolutely by this
| great step in advance. II is safe 10
say, however, that any misgivings re-
| garding the destiny OF this great COM
| pany held in local circles were confined
| TO those other than stockholders in the
company Those who were stockhold-
| ers have shown their unending faith In
| the company, and their wisdom by re-
| tanning their interests, for whatever
| the Silver King has done in the past, 1T
| remains for the future to witness the
real era Of prosperity and remuneration
| for this organization, IL is TO the un'
ending credit of the directors of the
company that all their efforts were
focused upon gaining the point just at
| tanned, every personal consideration be-
| ing buried in the endeavor to do the
| greatest good for all the stockholders
| in this Park City organization.
Silver King Money in Utah.
The achievements OF the Silver King
Mining company are indelibly impressed
upon the general history of Utah, and
| the good this mine has created through
| its richness has been one OF the great
forces for progress IN the state. silver
King money has been applied at home,
IFS inAuences have been widely felt; but
this was naturally concentrated in Salt
Lake City. Silver King money has
served to pave the way for both busl-
ness and residential progressiveness IN
| Salt Lake City. blazing the way for
other millions earned without the state
for application within the state. lt
has demonstrated the wisdom or invest
nent, being made al time whcn IN
vestment along generous lines neces'
sarilv was the pioneer of It's class. As
tLe State has looked to the Silver King
in the past for its millions, VIII 1t con
| Time with all good reason to so look
| in the future. 80,
When the achievements of the Silver
| King Mining company are taken lbto
consideration in connection with the
comparativelv short life of the organ
ization. they assume stlll gfeater pr9pJh.,
| tions. marking the mine as one or tne
snlendid results of the search for the
treasures of the earth The company
was organized August %, 1897, ana III
its lifetime the management mas eN'
+r,cted thirty millions of dollars worth
of ore, OF this sum, $lO,62o,00O mas
been distributed 10 the stocRholhers ~
the form of dividends, the remalniDg
amount having been expended Tot auli n
tional territory from time to time, for
labor and development work, and io1 %
equipment, The company has addeo ID, to
every conceivable accessory looking ~ -
a complete extraction of the ores ano
The saving therefrom their preciotn:
mineral contents. No property IN the m
West is better equipped, and with the
Inauguration of activity under tne nST ;S
| IL. rl n
find at its hand all that could be de
sired TO wiring absolute success from th'
enormous scope Of opportunity present
ed. ~. 4h;,
A great deal is contained within thl'
new order Of things for the Silver klhf
stockholders; more is at stake for Iart
CITY. and still more for all the Stet,
of Utah and her mineral industry whlcl
can not but plunge forward stronger
and happier in the realization that al
is we'll with the monarch of producers
and for many years TO conc.