The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-07-05

morse power consumed. is being sacrificed
in order that the ponderous display may
be continued. or course this plant should
be closed.
Takes Crack at Garfield Mil.
Now. as to the great Garfield con-
contractor. it would seem most harsh to
suggest that II be closed also and new
start made, but a glance at official fig
ures, or costs in connection with its opera
ton and the well-known loss OF values
which. result therefrom. compels the con-
ciusion that it would be blessing to the
outside stakeholder If a friendly cyclone
would remove 1t from the earth. Com
parison of the average percentage of re-
covery of the copper contents from the
ores treated by the Garfield mill. with re-
suits obtained upon an exhaustive test
(as shown by report of your manager) in
five-stamp mill equipped with crude
cry by the Garfield mill of at least seven
pounds OF copper per ton, equal In value
TO the total net value of the entire pro-
duct recovered: and. again, the excessive
cost OF treatment per ton of ore by this
RECONSTRUCTED plant must be almost equal
TO the value of the metals wasted In its
operation. For instance. the public press
have recently published purported official
figures of cost of mining. transportation
and treatment per ton of ore, the total
being sos per ton. the mining alone be-
ing placed at % cents per ton, to which
add 2! cents for transportation and 80
ton of a ton (this on the assumption that
twenty-five tons of ore make one ton of
concentrates TO be smelted at cost OF
81 per toni gives 81 cents. which deduct
ed from 500, leaves $1-27 as the cost OF
concentration. which compares with the
average cost of the same treatment In
the mills of the Lake region of % cents
per ton.
Why Syndicate Got Stock.
ITO adapt this mill to methods In sue
cessful use in the treatment of similar
ore In the various mining states. would
involve closing 1t down for considerable
length of time. besides very considerable
cost, and would necessarily interfere with
the operations of the syndicate in its
efforts to distribute the shares among the
investing public, and, as / did not desire
to share in profits obtained in that man
ner. nor believe any reformation posi-
blue until after such distribution could be
effected, l decided to accept the prices
offered by agents or brokers of the 'syn-
dicate,' conscious that I receiving
much less than the merits of the prop
erty justify. but more than any possible
value. measured by present methods of
operation.
LAS 1 have never shared in any of the
deliberations of the board of directors,
and have no official knowledge of its
plans for the future. or the economic or
other results of the operations Of the
undertaking. / can violate no trust or
confidence in making my experience and
observations. as here expressed. public.
and should I do so. my hope is that 1t
may be the means of saving something of
the value of this great property to bona
fide investors who may not be concerned
in the distribution of the majority shares
among the public
Mr.. Jackling's Statement.
The above statement was submitted to
d. c. lacking, general manager of the
Utah Copper company, in order that he
might be given an opportunity to make a
reply on behalf of the company
$50 far as / am able to judge" said
Mr.. lacking, after reading a copy of the
letter. 1.-The communica ton is of no inter
est to the stockholders or directors Of
the Utah Copper company. l believe it
was written under a Misrepresentation of
the facts and so far as | can see at pres
ent 1t will have no bearing on the COM
pany's operations and the regular prose-
cution of the business