The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-15
OFFICERS OF THE
NEW UTAH METAL
Walter B. Farmer, President,
Is Pleased With New
Company.
DEVELOPMENT WORK
WILL BE PUSHED
Promise Given That New Rec
ords in Mining viii BE
Made.

Walter r Farmer of Boston, presl'
dent of the new Utah Metal company,
when seen nj the Knutsford by Inc
Tribune Tuesday evening, gave the as
surance that The last of the details III
connection with the organization ana
financing of the big Bingham company
had been perfected and that the de-
yelopmcnt work already under way ar
the property, under the supervision oil
:. n Trcloar, would be continued IN
thoroughly first class manner ana 10
rapidly as possible, the operating torce
TO be added 10 Just rs last as room
can be made for more workmen' MI
Farmer and his engineers made 4 care
ful and Conscientious study OF the oP'
portunties offered in the Bingham sec
tion in which he is interested before
he took definite steps for the organizs-
tion Of the new company, now perfect
ed. and he is satisfied now that the
propositjon will be Il gigantic success,
and is well pleased with the manner IN
which the deal has been consummated.
81 think that we are gong to Gs
tablish some new records sald ME-
Farmer in speaking of the work con-
tcmplated on the new company S pos
sessions. "both as regards tunnel drlV-
ing. including speed and thoroughness'
and in the matter of economical .oper
Grafton The property is TO be equipped
and is now being equipped, in fact,
with the best Of machinery, electrical
and otherwise. special attention beng
paid 10 getting Just whaf is wanted
and what is best suited to our pur-
poses. In the matter of production,
also. when we arrive at that stage,
there NAV be further records estap-
iished We aim TO let the work speak
for itself. however, though / can give
the assurance that it will be first class
and complete in every detail.
Company officers.
The officers Of the Utah Metal com
pany. comprising the merged interests
of The Bingham Metals company and
the Bingham Central Standard com
pany. are Walter b. Farmer, president
and director, and W. f. Dilloway, Bos-
ton. treasurer The directors arc nine
in number, the Salt Lake interests IN
the merged companies beng TepIeseh1,;;
ed by H. P. Clark Of the Merchants,
bank, ". E. Hubbard of the Hubbard
Investment company and \. w. Samp-
son. mining man. The eastern inter
esis. including the underwriters hnanc-
ing the company. are James y. Masten
of Washington, D. c., and the following
Boston financiers: Cabot }. Morse OF
Parker, Morse & Co.; William NJ, Wad-
den and Martin A. TAYLOR OF the +.
H. Prince company ana James II: noun
well, capitalist and clothing merchant.
Work Under Way.
The plans for the development of the
Utah Metal properties, as previously
outlined in The Tribune, are already
under way, and, as stated by MI; Farm-
cr. the working force viii be added 10
as tho situation may warrant as prog.
rcss is made. The financial backing o.
the company is such as insures the
completion Of the work mapped out, m
Guiding the installation of hydraulic
equipment. for the making of the cleo.
trio energy with which operations are
to be carried or, the purchase of all
necessary electrical machinery, pipe
every detail of the undertaking. Pro
vision has also been made for the con.
struetion of a four-mile electric road
from the mine to the International
smelter at Tooele. and for the erection
of such buildings, shops, bunkhouses,
etc, as may be required,
Manager Treloar has already been
given instructions TO go ahead with
the work. some Of the machinery is al
ready on the ground and orders for the
complete equipment have been placed.
Mr.. Farmer stated Tuesday that none
of the company's stock will be put up
for public subscription.
On the Merger.
Mr.. Farmer stated In general way
that the outlook for copper in the opin-
ion of the Boston talent is good. Though
having no "inside' facts on the case,
Mr.. Farmer is of the opinion that a
merger of the copper interests will ulti-
mately be effected, and he thinks that
such action will rebound to the bene-
fit of the smaller properties through
out the country. He believes that the
plans of the big interests in the merger
were materially altered by the recent
Standard Oil decision.
Mr.. Dilloway, when referred to as
being a possible source Of information
on the copper situation, laughingly
stated that he also was not on the Gin
side,'' and that the newspaper boys
affairs. "Something doing" he said,
Hbut iust what / do not know