The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-05-15
Mines and Mining Stocks

$4,000; that would give the thirty-four
and one-half tons value of better than
$4,000. OF course l don't know what
the sampling at the Selby smelter will
show, but / do know that / have kept
SO well within the real value of the
consignment, as indicated by the assays
shown me, that there is not the slight
est danger of the smelter's sampling
running lower. And, say" called out
the narrator as the interview came to
an end and the inquisitor left the Of
flee, u will be frank enough with you
to say that l would be glad to have all
over 100000 that the company will re-
ceive for that rock
Unless there is a jangle over the diff
ference in value shown by the Hazen
and Selby Sampling, ii is believed that
Manager l.. A. Friedman will be ready
to give the official figures on the value
of the lot during the next few days.
When The Herald was told by Mr..
Friedman that the consignment would
easily go somewhere between $4,000
and $4,000, he then intimated that he
might raise the limit and still be safe,
but he preferred not to be charged with
exaggerating. promising to make public
just what the ore sold for and what it
assayed when he was able to do so.
The Seven Troughs company'S mine
must be a wonder, and it is not unnat-
ural that the price of the stock has re-
manned so low, either. II must be re-
membered that, because he did not Sc
cure control in the beginning, and be-
cause he did not take to mining in Ne
Vada, anyhow. Uncle Jesse Knight and
his close associates, with the single ex-
ceptiOn of j. Lester Mangum, fed their
stock to the market as fast as it could
no 1hc i'm hot in
terests were bound to get out and with
| financial conditions in such shape that
| it was impossible to raise money on
! any kind of collateral, il is remarkable
/ that the stock held as firm as it did,
| for there was no such thing as the 9th
/ er insiders taking up more than small
/ portion of the offerings. Things are
| different now, however, and it comes
! from pretty good source that negotia-
! tons are pending which, If consum-
mated, will make a market for every
share of floating stock in the company
at prices better than those now prevail
| ing.
Mr.. Hayes of Hayes-Monette Mo-
hawk lease fame. who is now operating
a lease on the Mazuma Hills, recently
! declared after examining the Sever
| TrOughs mine that il was a bigger
proposition than the Mohawk ever was
while John HaTnan, chief owner in the
/ Mazuma Hills, declares there never was
/ such a wealth of ore disclosed in any
camp in the world at corresponding age
as that boosted for the Seven TrOughS
district. Coming closer home, and quot
/ ing a man who is willing to back his
statement with almost any reasonable
amount of money, it is timely to reit-
crate what Captain .. A. Tibbets said
couple ofweeks ago, after an inspec-
| ton of the Seven TrOuShs mine:
If Manager Friedman will permit i
and give me time to pick my crew,
| viii wager anywhere up to $4,000 tha
! in sixty days, with twenty-five men,
can take out more than enough ore, anC
ship it in one car, than will be required
to buy the mine at the present marke
price of the stock; and I will throw {
/ small fortune over the dump in modes
grade ore while / am doing it.
This statement would indicate tina
not all of the rich ore had been shipped
to Selby.