The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-10-26
CALUMET AND AECLA
GOOD FOR MANY YEARS
Company Has Other LOdes From
Which Life Can Be SuS-
tanned.

been caused by the blunt statement or
President Agassiz OF the Calumet s fIecla
Co, I'm his testimony in the suit hrousht
by President Bigelow OF the Osceoh Co.,
that the Calumet & Hccla had but eleven
years OF life on its couglomeratc loGe.
| To some this period of time measured
the life OF the whole Calumet 6 HcrIa
propsrty and f9reshadGwed for l,;1Io% the osr Tsyly
worth OF surface machinery. says the
! Boston News Bureau.
/ II cannot be denied, and In fact It is
frankly admitted, that at great depth the
Calumet conelomerate lode has dsterior-
ated 10 very marked degree aad is
Welding at the present time but forty
pounds OF copper per ton, against si%ty
pounds and more n few years ago. Calu-
met & Hecla Is stamping Mt ihe present
| time over 100000 tons OF rock annually,
| and n reduction in the copper contents
| OF twenty pounds per ton means an an
( nual loss, on l3-cent copper. OF S9,5e Per
! ton, or $500. 900 when applied 70 the total
/ annual rock tonnage.
With the declining copper Yield. 1t has
stanty TO increase The amount Of rock
treated, I'm order 10 malntaip its output
| ut anything like former figures. The
! company Is producing at the present time
! $4,000. 600 pounds of copper per annUm.
OF which 900 are obtained In the
process of opening up the Oscao!a lode
nual output ran all the way from 20
100000 to l00,000.0o0 pounds per annum,
| Mr.. Agassl5 meant exactly what he
said when he save 1t as his opinion uat,
| nt the present rate at which the con-
! glomerate lode was being drawn upon.
this vetp within the territorial Traits OF
| the Calumet & Hecla property would be
| practically exhausted in eleven years, Tut
the decline OF the couglomerate lode Is
expected to be made good by the Osceola
! and kearsarge lode. In fact, an official
OF the company makes the very emphatic
statement that he believes there is more
net money for the stockholders remaining
in the Calumet property on the conglo-
merate, Osceola and Kearsarge lodes than
has ever yet been taken out OF It, and
| lN.lt q. T. 81. .1alz = IL a
dends amounting TO over Sl0T, 100000.
For the immediate future the company
wlll secure Sc { It's new production very
outcropa on Calumet lands for a distance
of over two miles. 1t lies $50 feet east
OF and under the conglouerate md dips
working depth Is concerned, the company
has e very much larger mineral territory
on the osceola lode than 1t had or the
conglomerate.
The company has done. practically. no
stoplne whatever on the amygdalcid
Eeh e9 e9nfln9E It's sffHrts 5sSlel 70 sink
most twenty miles of openings on this
formation. The refined copper Yield from
stamped was $4,000 900 pounds, OF course.
this tonnage included very large amount
OF waste rock which had to be lloisted,
and which will be discarded when the
management begins normal stopping
operations. This will not he until IL has
put eight or ten years OF stopping ground
General Manager MacNaughton tells
the Boston News Bureau that he believes
Calumet 8 Hecla can. make its copper
from the Osceola lode for eight cents per
pound, or less, when the time comes for |
active operations. An output OF 40
0oo;o ;oOo pounds per annum from amygda,,
the stamp. rock Is expected to yield OF
least twenty pounds of copper per ton,
The deepest level on the Osceola lode |
Ia Calumet's territory is 2600 feet on the |
incline. Six shafts are going down. |
Tamarack. we understand. Is getting very |
satisfactory copper values from the osce-
which Is equivalent to $500 feet on the |
incline in Calumet Hecla, This Is very |
important as demonstrating the persist |
ency OF this lode's copper values with |
depth.
Comparatively llttle work has been done
thus far on the kearsarge lode in Calu-
as have been obtained have been rather
Indifferent IN character. largely, because
OF The fact that no great depth has been
almost as confident with respect to the |
future possibilities OF the Kearsarge lode
on It's lands as 1t Is regarding the great
The administration OF General Mana
ger MacNaughton has been characterized !
economies. not only in the mining. but
In the milling OF Calumet & Hecla rock.
The company is today saving at the
per ton OF rock which was q few years ago
lost In the Iailings,
The company also expects to save at
mum in It's new 100000 regrlnding plant
No present attempt will be made to re-
grind the millions OF tons OF sands which
have already accumulated. a large portion
of which runs high In copper, but expert.
pents have been made demonstrating
that there Is present economy on a
sands resulting from current milling
operations and until recently carried out
into the lake.
Few people have any conception OF the
enormous amount of timber which has
gone into the Calumet Hecla property
Up. to the present time FULLY 75O. 900, 900
the company la not drawing upon It's
i1g all Its supplies at fair prices it is an
owns between 800, 900 900 and 900 600. 900
feet Of standing timber which Some day
will be extremely valuable. At the pres
ground 25.ooO.0Oo to 3o,00o.0O0 feet per
The famous 81, ,oOo, 600 hoist at the Red
Jacket shaft, which a few months after
It's installation gave the management
some uneaslness because of its failure TO
demonstrate any economy. is today hoist
Ing 10000 tons of rock per month at
cost, per foot OF depth and per ton Of
ROCK cheaper than can be shown by any
company is dons Its hoisting at this point
for one-thlrd the cost OF five or six years
ago:
The surface plant Of the company to-
day represents an expenditure Of at least
S2O.O00,0O0, and IL Is safe TO say that IL
has been entirely renewed three times
In the history of the Calumet g. Hecla |
property The assertion has been made
by so-called authorities that the Calu-
met Hecla is fast nearing the point OF
exhaustion. Such statements are absurd,
and. are evidently made without the
snghtest investigation as to the COM
pany's possibilities on the Osceola and
hearsarge lodes, 10 say nothing OF the
vast unexplored area on lands which havo
pn'y recently come under Calumet &
!iecla control and which arc well within |
Lake Superlor's mineralzed copper belt |
LOCAL MINING MEN