Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-08
UNCLE SAM GETS new
CONTRACT FOR ORES.
States Smcltcr--Orc Reserve is
Now Largest Ever.

f. d s . c y. T. q j
~ Through the closing up ola satisfac-
tory contract with the United States
Smelling, Refining & Mining company
this morning for the treatment of its
ores, the Uncle Sam Consolidated Min
ing company has been again added to
the shipping list at Tintic. During the
early part OF the year Il lean streak
was encountered at the mine and as
the contract with the smeter expired
Jan, Is. AL efforts We're directed to-f
ward developing ansore reserve and
toward finding a higher grade of ore.
1T is said that the ore now blocked out
at the property is greater and richer
than ever before.
supt. e. %. Griggs left today for
+ the mine, after attending the annual
meeting yesterday. AS soon ms Mr..
4Griggs reaches the property lie will put
1T in shape for getting out the ore. This
.wifl require but q few days and by the
end of t he Week the first shipment viii.
be made.
# At the annual meeting yesterday, the
report of the secretary showed that 140s
carloads of ore We're shipped during
seven months under the old contract
and that it netted the company S29.26
PEI. ton. This with the So, 600 received
from stock held in the May Day made
up the 100000 in dividends paid during
the year. This was accomplished when
the company had but less than s40o in
tho treasury. Taking out the expenses
of. officers and other expenses, the
company reported that after doing. an
Immense amount of development work.
that blocked out q greater quantity of
ore than has ever been had at the mine
before, there is still on hand ss,0l6.21 in.
cash on hand.
RECEIPTS FOR YEAR.
The receipts for the year amounted
to s153,096,07 and the disbursements
s145, o79.s6. OF this amount, sSg5,042.2l
went for labor and S7,751. AS for mine. ex
penses. The salaries, including su-s
perintendency, secretary and general
manager amounted to $3,275.
Something over $4,000 of the 100000
shares of capital stock were represents
Chapman, NJ. p. Braffet, Frank KIM.
ball In place OF Joseph Nelson and
George Havercamp We're unanimously
chosen as directors, and following the
stockholders meeting the board organ
lied by naming the following officers;
John Dern, president; James Chapman,
vice presidents: Frank Kimball treas
urer, and Fred G. Dcrn, secretary, the
latter not being a member OF the
board.
| Mine Superintendent 9. c.. Grlgss,
filed a comprehensive report cover
ing all the work done in the mine dur
ing the year, and in which he showed
| the property was in good shape for,
| the campaign OF production. All of.
| the ore mined last year was taken out
between the 200 and 340-foot levels and
! north OF the cross-fissure or fault,
which, when cut in working south.
made it look as though the limits OF
( the ore zone had been reached.
The report shows that the mine has
| since been opened to a depth OF 46O
feet: that the ore has been found rich
and strong again south of the
break. that winze has been sunk
| in the ore 20 feet from the 340-foot
level, raise from that level of 60
| feet has gone into the ore. Farther
| drifting on the 400 will encounter the
/ shoot on it's dip before long. The ore
| is making strong into the south coun-
try, where there is a greater uneN-
| plored area than all the ground that
| has been productive north of the
| ..break,' and the superintendent be-
lieves that the best part of the mine
| is now being entered.