Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-19
viii Increase Capitalization and
Place Same in Treasury
For Work.
CONNECTING TlNTlC CENTRAL
Two New Companies Launched at
Tlnic-p. ". Daly put.
Men 90 Work.
especial TO the Nena)

Eureka. April 1s-Aftar shut
down of Few days the Yankee Cone
s.udatod resumed operations Che
early part of last week in the new
workings Since this work was taken
up the drift To- tho south ou the 300
leyoI has broken into cave about
FORTY feet ln length and half that dis
tance In width. Tho ground around the
cavc IS very loose and indicates that
% body of ore is liable TO Doe broken
into amy time
To-day the shareholders of the Mc-
kiulcy Mining company held their
annual meeting, at which the proc
position OF increasing the CapitaliIa-
ton OF the company Co i,OVu.0Ou
shares was voted upon. The increase
win poe placed iu the treasury and lat
c- sold Go carry ON development WORK
AZ the meeting now officers were
elected
Superintendent William owens states
that work of sinking win2o from
the 1000 level lu the Eagie and Blue
Bell has commenced and that i~ VIII
De but "a short time until w0rh is
taken NO at This mine ou more cN-
fpusiyo scale For several months
past the Eagle and Blue Ben has lain
idle as far as company work has been
concerned. Certain parts OF the min"
have been worked by leasers. who
have done wen from their blocks
of ground. and considerable ore has
been shipped each month. Two shifts
are at work driving drift over into
ground belonging Co tho King William
Eagle. and VIII also begin work
shortly in the drift which runs from
tho 1000. level in the Eagle into this
ground.
CONNECTING Up LINE.
The Telluride Power company IS
running O power line 20 the Tintic
Central holdings i'm the southeastern
part Of the district. and DC win be-
May ]. before IL viii Doe able To- turn
the power into the transformers. An
the new machinery at the Tintc Cen
trail win be I'm readiness for operation
within the ncXt few days
Two new mining companies We're
launched last week 90 devclope miu-
ing ground in Tutic. one az them be-
ing the North Colorado. The ground
owned by this company is situated 90
the north OF the newly organized
Murray Hin company. and has a
stretch OF ground embracing twenty
tive claims The claims which the
company owns have been surveyed
and viii be patented. and it is the
Intention OF the company TO COM
mence their development at once and
the treasury contains funds enough
10 insure a vigorous campaign uf
work. The surface indications on the
North Colorado are similar to those
on the Colorado. and the officers OF
this new company are confident OF
being able 20 ind the north extension
pf the famous Colorado ore vein.
The Grey Rock Mining company Is
the name OF the other new company.
This corporation will operate in the
eastern part Of the district The
articles which were filed show that
The company owns i valuable group
OF claims I'm that -Tctl1u which Is
demanding "a good share of attention
40 the present time. shortly after fil-
Ing the articles OF Incorporation the
company put number OF men 10 work
ana the development Of the ground Is
now going on In n satisfactory man
uer. A shaft is being sunk
HAS GOOD TREASURY.
The company is capitalized for H.
COCOON shares. ThJae ore 100000
shares la the ircasfTv vet 20 Doc sold.
and there is also boa The treasury n
substantial sum or money The officers
4re g.. g.. GrigRs. president. e.. h..
Hush. president, R. A. Badger.
secretary. These with Frank Birch.
James 6tautnam and Geo. a. ldall
constitute the board OF directors.
=. j. DAILY OF salt Lake has put a
t"fcc OF men at work upon the old
heair,,ce ground. over near tho Martha
washington ln the Silver city part ol
the district. a shaft which was sunk
some tim" ago on the ground a
depth OF thirty feet viii be dcepcucd.