The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-27

The year 1908 started out very dis
couragingly Tor the mine owners fl
Tintic, and people in all lines wer'
feeling pretty blue, and it was not until
well along in the month Of April tina
the camp began to have brighter out
look. and since that time mining inter
ests have been steadily improving. Al
though the cessation of shipments tt
the valley smelters had the effect Of
curtail,ng the production of the camp
and therefore making things pretty
dun by the necessary and consequent
laying off of a great many men, yet
the future of the camp was never IN
doubt and development work went
steadily forward. In fact, many of the
newer properties that were still in the
development stage never did decrease
their working force in the recent fnan-
cial furry.
Knight to the Rescue.
The output for the past year. which
is given in another column of this is
sue, is a splendid tribute to the energy
of the camp and compares favorabiy
with that Of 1907. In reality. il was NOT
so much the financial furry that
caused a few months of dullness In
Tintic Il was more traceable to the
shutting down of the valley smelters,
and Tintic producers look on Uncle"
Jesse knight as a sort of modern
savior of their bacon. Almost imme-
diately after the closing down Of the
Salt Lake valley smelters the news
came from Provo that the Wizard of
Tintic" was going to erect an indie
pendent smelter. The news electrified
the camp into instant activity. Az
though it was given out that the new
Tintic smelter would handle only the
ores of the Knight interests upon its
completion. everybody felt certain that
the plant would eventually accept ores
from other mines. This has come
about. and now the smelter in handling
and reducing the ores from many other
properties than OF the so-called knight
interests.
Interest in The District.
1t has been estimated that. In the
erection Of this smelling plant, and
also in the building of the Eureka Hill
railway, possible half a million dollars
has been expended in the aggregate.
AS the readers of The Herald well
know. the opening of the smelter was
Will great enthusiasm DIV
the residents of Tintic on the oath of
last July. That event alone brought
the district before the general public IN
such favorable light that now there
seems to be more interest taken in the
Tintic properties by outsiders than in
any other district in the state. In fact
two-tbirds of the business done on the
salt Lake stock exchange is in Tintic
stocks.
Swansea Consolidated.
One of the most important of the
Knight consultations which was con-
summated during the past year is the
joining of the interests of the old
Swansea and the South Swansea. which
are situated almost Immediately to the
east of the smelter. Jesse knight Sc
cured control of the abive properties
at the beginning of the present year.
and in order to more advanrageousl-y
develop they they were consolidated
into one concern and called the Swan
sea Consolidated. with Jesse knight
holding the controlling interest. In tins
mine good deal of trouble was caused
by the immense amount of water.
which had compelled the former own
ers 10 cOnfine their operations to the !
upper levels. This water has been
practically conquered. An electric |
pump was installed on the 7O0-foot |
level, and what water is being driven I
TO the surface is being utilized by the |
new smelter. A great deal of virgin /
sround has been opened up and every 1
thing seems to indicate that the worI, /
)f superintendent William Matthews is /
bringing forth good fruit. Indications /