The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-15
NO MASON VALLEY
NEWS At PRESENT
Manager Gum Cannot Disclose
Plans. but Reassurcs the
Western Stockholders.
PLANS MAY COME TO
MATURITY ANY DAY
Advises Owners of COmpany's
Stock to Wait Patiently for
the Results.

While intimating strongly that the
stockholders of the Mason Valley
would be wise to continue their pa
ticnt attitude. and that there is no
reason vha atcvcr for any one 90 at
tempt To dispose Of bis stock holdings
through fear or doubt, General Man-
agcr George h. Gunu on Friday could
give nothing for publication regarding
the plans of the company. Mr.. Gum
came in from New York and Boston
yesterday morning, aud when seen by
The Tribune and told about the bear
reports that had come from the cast,
he said:
81 wish / could take the public into
my confidence now, but really / can
say nothing more than | have said in
the cast, and you already know what
that is. Our plans may mature at any
day, maybe inside of two weeks, maybe
not for three months. but when they
do. then everything will be made clear.
Until that time the smclter plans will
be held in aboyance. ] sec no reason
why stockholders should become impa
tient and desire to let go of their in
terests.'
Every one who knows Mr.. Gunp ap-
prcciates the significance of what he
says. There are large plans ahead of
the Mason Valley, Just what they are
is not known at this time. and the vast
majority of stockholders are not wor-
rying their heads over the matter at
all. Mr.. Gum already has made plain
that there is more ore in sight in the
mine now per share than the present
selling price Of the stock and these TO.
sources are being added 10 with each
days development work. Western
stockholders. therefore, knowing both
from personal experience and from frc.
quent reports that the mine is in bet
ter shape than ever, and that big things
are on which, when fully rounded out,
cannot help but rebound TO their great
gain. cannot do hctter than to ignore
the bear reports from the cast. resting
easy III the security OF their position.
Mr.. Gum stated yesterday that he did
not know where the report to the effect
that the company wonld not install n
smclter inside of a year originated, and
this was the report which gave the
western stakeholder his first fright
Mr.. Gunn was very enthusiastic yes
terday over the Inspiration Copper
proposition. of which he was one of the
origlnators. The new shaft. beginning
at the 100-foot level has been in splen.
did copper ore for fifty feet, and
there is no telling how much deeper it
will extend. The ore grows in copper
contents as depth is gained. Mr.. Gunn
states that from all the present indi-
cations. the Inspiration will be "A great
steam shovel proposition. one of the
biggest in Arizona. The lay of the
ground makes it an ideal steam shovel
proposition. there being no high noun.
tains TO take into consideration. while
there is an abundance Of dump room
available. The over burden of 100 feet
would present no hardship for this
modern method Of handling large COP.
per orc tonnages. The character of the
ore also is such that the concentrates
will be unusually desirable and profit
breeding. All in all, the Inspiration is
one of the likeliest looking Youngsters
that has made its formal bow to the
world in recent years.