The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-29
NEW PLANT FOR
SEVEN TROUGHS
Manager Friedman Returns
From the East and Tells of
His Company'S Plans.

\ new and powerful hoist. together with
heavy pumping and other machinery is
soon to be purchased by the Seven
Troughs Mining company. A meeting of
the directors will be held within a short
time at which the matter will be decided,
as well as other important business trans
acted. Such is the information released
by Manager L. a. Friedman upon his re-
turn from the east yesterday morning
From the criticisms that are continu-
ally being directed at me, as manager of
some of the Seven Troughs properties .
said Mr.. Friedman, 1T might be supposed
that was trying to wreck the mines and
the camp. No one stops to think what 1t
means to open mines and make dividend
payers of them; and most people don't
seem TO care ! am criticised because the
stock Of the Seven TroughS company is
now selling so low. / have lots of that
stock that cost me 81 a share and / have
a great deal for which / paid 40 cents
share. or double what it is selling for to-
day, and it Is worth 1t; at least / think
so. or | would be selling il like other
shareholders. who certainly have a right
TO do what they please with their hold
ings.
Now let me say to you that while we
have a great deal of ore in the Seven
Troughs mine, the rich picture rock nat
uraily, does not make in such huge guam
titles that ii would justify us in mining
for that kind of ore alone There is no
such thing as shipping $50 ore out of that
camp at profit TO make it worth while,
but II we go to taking out the rich ore
we have got to mine the lower grades, as
we'll That we are not yet in shape to
90 Before we can mine TO advantage we
have got to install heavy hosting machin-
cry and put in a firSt-claSs pumping plant
TO take care of the water developed at
depth We now hace the mine opened over
md Inr Of
found on the lower level. When the di-
rectors meet we shall decide on supplying
new machinery and mill may be consid-
cred We have made one test run at the
Kindergarten mill and find the ore con-
centrates spiendidly.
THE development of the mine has cost
us about all the money we have taken
out since the rich ore was found and we
shall have to provide funds for the fur
Their equipment of the mines. How this
snail be done viii be considered when the
directors meet"
Mr. Friedman stated that the affairs of
the Seven Troughs Coalition company
were being rounded into shape in most
satisfactory manner. Some day he ex-
poets to see the Seven Troughs companv
90 into the Coalition and thus bring ali the
mines with which he is so prominently
identified brought under the direction of
One operating concern. As soon as possi-
Die. he says, he intends to give I'M the
management and have first-cIass cana
Die and experienced manager named to
handle the business that has been such a
AK on ms own time and talents since he
entered the district
I am simply worn out now said Mr.
FRIEDMAN, land ought to quit everything
and take a rest; but I cannot leave things
yet. | shall stay here a few days and
hen so to camp: but / shall not casry
he responsibilities of all these PROPOSE
ions. unaided by associates any longer
han possible"