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

to in every way The surface equip
ment includes a concentration for the re-
duction of the low-grade ores, of which
/ there is enough in sight to supply the
mill for years to come; an, up-to-date
modern water power electric plant with
a reserve ability for driving almost any
machinery that can ever be used on
the property in addition to what is al
ready in use. So much power has been
generated by the plant that much of it
has been rented out to properties sur
rounding the Columbus Consolidated at
very satisfactory figures TO the latter
concern. The plant was erected in 1908
at a cost of 5000. The wisdom of put
ting it in has been demonstrated daily
since that time in saving of about $3.50
in the operation of the property in
every twenty-fOur hours.
The Ores of the. Mine.
The ores of the property carry liberal
quantities of gold, silver and copper,
the copper being found at a greater
depth than either of the other two met
ais. There are large bodies of low
grade ore constantly encountered, and
with the development of the property
the past year the high-grade bodies are
coming more frequently into evidence
until the latter are almost as numerous
as the low grade. Some of the high
grade zones are wonderfully rich in sill
yer. At a point about $50 feet out from
the main shaft OH the 30O-foot level, a
body of ore that averaged 500 a ton
was discovered early last year, the ore
carrying copper, silver and gold.
The men who are behind the company
are getting rich from the property, and
the mine has proved one of the most
satisfactory investments in the state.
The stock is one of the standard issues
traded in upon the Salt Lake stock eX-
change and other intermOuntain city
exchanges. 1t is stock for which there
is always a market. The company
owns about 200 acres of ground, the
most of which is patented.
Tony Jacobson is president of the
company and acts as general manager.
He has found, however an able super
iBtendent in the person of his brother,
a. o. jacobson, who has filled that po-
sition practically from the beginning of
operations on the mine, and has proved
a valuable man in the right place. He
is possessed Of a thorough working
knowledge of the mine and the district,
and is completely wrapped up in the
prospective richness of the property in
the light OF further work and develop
ment. Clarence X. Mccormick of Salt
Lake is vice president of the company,
and has been back of the corporation
since its organization in 1902. s. A.
Whitney is secretary and treasurer.
These men, with Z. r. Hall and
Charles A. Walker, comprise the board
of directors, and manage the company.
President jacobson is an example of
the success attending the efforts of
the men who have had the nerve and
brains TO tackle the big problems in
vOlved in the opening up of the western
mining regions. His Management of
the Columbus Consolidated has borne
out the predictions he gave utterance
TO years ago in regard to the ultimate
richness Of the Alta district and of the
Columbus Consolidated and other prop
critics adjacent. The results he has OBJ
tanned have quoted the dOubters. His
success has been even more. satisfac-
tory than his most sanguine friends
hoped for or expected.
The returns that were secured before
any material inroad had been made Oh
the capital at the command of Presi-
dent Jacobson were principally due TO
the accurate and intimate knowledge
of the undertaking and its possibilities
possessed by the young operator. 1t
was not by sitting calmly by and pre-
dieting the location of rich ore bodies
in the property he was to manage that
secured for President Jacobson big re-
suits He had the aggressiveness Of
one who is sure of his ground and who
possesses the energy of youth and con-
fidence in looking for the fulfillment of
his promises TO hackers and stockhild-
ers- Alta is responsible for the start
OF the brilliant young manager and,
just as that is true, so is it true that
President Jacobson is admitted to be
the real discOverer OF the true values
Of the camp and the one who, in his
development of the Columbus Consoli-
dated until it reached and passed the
100000 a month earning capacity, !
proved the permanently of the ore car
rying bodies of Alta. President Jacob /
son worked in The mibes of the district
when d boy, and he is familiar with
every vein and fssure of the region. |
He knows them as old friends. and
they have responded nobly to his cal
for aid. His is the confidence born Of
knowledge, and TO this is responsible |
much of his success as manager of the |
Columbus Consolidated.
South Columbus.
Another mine in the Alta district that |
is going to prove one of the big pre- |
ducers of the state. indeed if not the !
biggest, is the South Columbus Con- |
sOlidated, the basis of which was
formed a little more than a year ago
by the merger Of the South Columbus |
and Quincy groups. The results OBJ
of this property are but another argu- |
ment for the ability of President ia |