Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-24
SLOWING DOWN
IN BINGHAM
Two Thousand Men Less Now
Employed in Mines Than
Sixty Days Ago.
CITIZENS GETTING UNEASY.
Utah Con. Going ~ Tu1 Tilt-tcar of
Othcr ShutdoWu~ in
Camp.

with the exception of possibly three
properties in Bingham there has been
either a curtaumout iu operations or a
complete shut dowu-this trio being the
utah Consolidated. Utah Copper and
New England Gold d Copper. Two
thousand men less are now employed iu
the mines OF the camp than was the
case 90 days ago and there IS every
reason Co believe that unless there is a
rapid clearing ot the financial skies
'ih'f SHUT downs are Inevitable. with
TINS condition of affairs confronting
lh'"i' the people OF Bingham are living
III a state of apprehension.
IL Is feared thar the Utah Conner
company win follow the program be-
ing carried out by otherGuggenhein enc
t-ipIlscs and reduce the production of
copucr Al the local Offices OF The
eoin paiy there is mo- Indication of any
INNS OF the kind taking place rlabt
away nut ia these strenuous couf,l~
'iin.S almost anything lis likely To-
~,fteui tAe Itdh Consolidated is rum
nhs az tuil blast and Manager Ris,u..
has both the mine and smelter riinDir,,,
under higher tension than al any pre.
sNua time during the present yaar
Du' tue Jtah Consolidated has a dis
ln't advantage over every other
mining company.
operating in the Bingham camp. for tb..
''1auiy OF the Organization contains
SUI plus OF something like S. 900 600.
So 10 is In position 10 20 riebt obesd
turning out copper without the slightest
inconvenience for a long time TO come
uncut selling pound Of its product.
ne trouble with most OF the BiueJ
nam companies is that they are hard
up Tor ready cash some OF them have
liehty or copper ON hand but they
maven been able Co realize on IT, Those
VINO have gone Go the banks and bJr-
IoWed money by putting up their COD
FER on hand as security. find that they
cannot be accommodated any further
so under the circumstances they have
been placed iu the position whore an
easing down became a necessity.
The Bingham Consolidated Is draw
ing some ore from its Commercial mine
between 200 and 300 tons a day-but
outside OF that. this company Is doing
nothing i'm Bingham. 10 was learned to-
day that the Ohio copper company
had stopped an dcvciOumeut-evcu 10
the driving Of the Aascotte tunnel-but
that orders had gone out TO continue
with the construction OF the 2.O00-tou
concentrating mill as rapidly
-t' fDaolDiN. me ONO mine Us
in condition 70 supply the new
min as soon as IL Is completed and
this will be done BY shipping the
ore around 10 IL over the tracks OF
The Rio Grande Western railroad.
The expense will be but little more
Than through tho Mascotte tunnel
were II completed 10 the objective
point ana connected with the mine
workings. The Yampa has a force
or about 20 men employed in making
repairs at tho smelter and improve
ments Ia the mine. The Boston Con-
solidated has nowhere near the
names h had on the payroHs a few
weeks ago, while the Bingham-New
raven management has cut of about
half OF its regular working force and
TINS has been the program AN over
the Bingham district