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

The wonderful camp of Bingham.
with it's tremendous deposits OF copper
bearing ore and its dozens of other
mines carrying lead, silver, copper and
gold. has been less affected by the
financial panic OF last year than prob
ably any other camp or district in the
western country. OF course, every pro-
ducing company was hurt by the price
of the metals, and in a number of in
stances. as was the cast in every camp,
mining companies suffered because the
smelters were not in shape 70 handle
their ores-not because OF lack of snelt-
ing facilities. but by reason OF the fact
that even the great smelling corpora
tions were not financially in shape to
buy ores and make bullion for which
there was no market. Everybody sur
fered through the depreciation of the
market price Of the metals, but these
losses wers taken philoscphically. and
in only isolated instances was there any
closing down OF the mines.
The big copper companies. the Bos-
ton Consolidated. the Utah Copper. the
Utah Consolidated and the Tampa,
went along mining and reducing ores
just as though nothing had happened,
while the Ohio Copper company, tenn
porarily thrown on the shoals through
the troubles that overlook F. A. Heinze,
the controlling factor. was compelled 10
call a halt until the financing Of the
company could be carried through. BY
the middle of the year the financial at
mosphers began TO clear and for the
past several months Bingham has eX-
perienced a greater activity than was
ever shown before. The camp is boom
ing now. and the year 1909 gives prom
Use of making history at a faster clip
than ever
New Railroad 20 Help Operators.
One OF the greatest drawbacks the
district now has 10 contend with is lack
Of .7iirotl facilities. During the com
ins siN months this stumbling block 10
the camps progress VIII be moved In
a great measure by the line OF road that
tae Utah Copper company will build be-
tween its mines and the mammoth mill
irS plant of the company al Garfield
The construction of this road will be
hurried as fast as weather end other
conditions will permit. for the company
is Just as anxious to handle the in
creased tonnage that the building of the
line Will permit as the other interests at
camp are to see II doing so.
When this new railroad line has been
completed the Rio Grande will be the
better able 10 handle the great ton
must move; IL will relieve matters for
the Utah Consolidated. wnicn must ship
ora for more than a year yet to the
Garfield shelters of the American
Smelling and Refining company, and
VIII make possible the shipment of a
great deal Of ore from other properties
that would otherwise have To wiggle
through whatever tonnage they could
over the congested lines of the one rail-
the camps business. After the new
smelter is built I'm the mouth of Pine
canyon. over the divide from Bingham,
in Tooele county. the Utah Consolidat-
ell Will send its ore over an aerial tram
way between the mine and smeiter. and
that win clear the Bio Grande tracks
~ another 1000 tons Of ore business a
d3v ard make lust that much more
room for the newer mines. None Of
these changes is going TO hurt the Rio
Grande company in the least; it has