Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-05

G

| sion and that Leigh Hunt, upon a
buy or sell proposition, secured a fuil
\ title ana right to the mine for less
| than $4,000. At that time Leigh Hunt
| had no money to speak Of but he
| Went to America to make the arrange
| ments. He persuaded the Union IRON
| works of San Francisco to sell him
| u twenty-stamp mill on tick and in
| terested j. Sloat Fassett Of Ney York
| and the Crockers OF san Francisco
| in the undertaking. He got enough
money to pay for the concession and
,, 10 start work in a moderate way. He
| brought his little mill out here and
carried it into the country upon the
backs of bulls and porters and by
means of bull carts. He set it UP at
Chittabalbie on one part of his con-
ccssion and began to work. Rich ore
was almost Immediately developed
and in a short time enought gold had
been taken out to pay all expenses and
put the company on easy street. AS a
result, all of the partners in the,
business have made millions and they
still own concession of very rich
territory. covering an area which is
Is miles wide and upon which they
have the exclusive rights to all min-
erals until 1854 After opening the
mine. Mr.. Hunt STAYED some time In
Korea to operate it, but it is now
many years since he left here for
T-BsPt, NlEIezIje oWilS d great pltllllti-
ton on the Nile not far from khar-
toum and is raising American cot
ton.
AS to the grade of the ore of those
mines, it is low. 1t does not come up
on the average to the estimate OF the
engineers upon which Morse turned
the mine down. It's average value is
not much more than So a ton, al
! though In some places fifty-dollar ore
has been found. The Koreans how
ever. have proved far less costly as
miners than was supposed and the
work of two of them is equal to that
Of one of our men. AT the same time
they receive only IS cents a. day OF
ten hours, which would equal a fifty
cent day for the American miner, ac-
cording to his work IL the same rates
were employed. The Japanese work.
men are paid 81 a day and the 500
tSsinese receive 80 cents. The & 5 Am
orleans are paid about IS a day each
with house rent and board. The
company now has five large mines on
It's concession and over 200 stamps 1t
has a. cyanide plant. and it is treating
[ altogether, on the average, about il
600 tons of ore daily. The net profit
is s1.S5 ton. SO that the mines are
making from their quartz works alone
$3.50 of clear money n day. This
means almost $50 an hour all day and
all night the year through. Think of
a pIoptI MHlGHt DIIilSS II ItloIc
than a dollar every minute all the
year round and you have some idea
Of the profit of this big American
property away out here on the oppo-
site side of the globe.
In addition to the quartz mines, this
company has large placer deposits,
which have been worked for centuries.
but which will probably pay well un-
der dredging. There are altogether
about 81 square miles of such ground.
The company is using American ma
cbinery and it gets the most Of its
supplies from the United States. 1t
pays out more than 100000 year
tn Americans IN salaries and Its i'm
portations for the mines amount to
s250,000 every twelve months. 1t is
now spending upward Of $4,000 for
candles used by the miners and s30,
900 per annum for dynamite.
THE NEW GOLD MINES
There is Il great deal OF placer min
ing done by The Korean natives. They
are satisfied with small profits, and a
man VIII work at such mining when
1t nets him 10 cents Il day. where he
would not labor steadily in the quartz
mines ut % cents q day. Altogether.
the total export OF gold from this
country is about 900 a year, and
about sf,O00.O00 Or more OF this
comes from mines and placers out
side the Oriental Consolidated COM
pany above mentioned.