Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-17
MINING, BUSINESS AND STOCKS.
PHILLIPS LETTER
IS DECLARED UNFAIR
Ncyada Consolidated Company's Prcsi-
dent Believed TO HIVE Stretched
Points to Make Argument.

| Inc EFFORTS OF James Phillips. Jr-,
president OF the Nevada Consolidated
Copper company to prevent any deal
being made with the Utah Copper
company for the absorption of the
former company by the latter, by a
letter In which he sets up Is reasons
which he declares should prevent the
deal. are declared To be unfair and un-
just by persons who are In a position
to know the standing OF the two COM
panies. 1t IS declared that Mr.. Phil
lips cf1ort to bolster up his argument
has caused MIN ito stretch ms points
until they crack and leave him liable
10 attack. A person VINO Is In no way
connected with either tho Boston Con-
solldated. Utah Copper. or Nevada
Consolidated companies has the fol-
lowing To say OF Mr.. Phillips letter:
Whether Bingham Is not adapted
to steam shovel work and only Ely is,
there is n great difference of ounion.
The consolidation OF the Boston Con-
solidated and Utah Copper would un-
doubtcdly form as good a piece of
steam shovel work as there Is to be
found. II Bingham is not adapted to
steam shovel work why Is it used In
preference to underground work?
nv '1PPii6 CT Ely 10 BtNNiiib
heavier and IL II continues to In
crease 1t Is probable that within u
short time IL Will cost the Nevada
Consolidated the same amount to re-
move Gaping that 1t does the Utah
Copper.
Perhaps the Utah Copper has pur-
chased surface rights for the dumping
of waste, but the Boston Consolidated
has one of the finest dumps of any
.INrr.. l..
Nevada company with Its abundance
of room for dumping waste is dump
ing on Ely Central ground. 1t has ac-
cumulated n huge pile of waste on
that company's ground. Further than
this the slant OF the railroad into the
Copper Flat pit Is now very steep.
With orc extending for n depth OF
125 feet more there are three things
probable. One is that the railroad will
run as spiral around the pit to
reach the bottom, cut or tunnel will
be made into the pit for the road, or
more room Will be secured and the
railroad tracks sunk in a trench.
HIGH PRICES.
"I do not believe that the transport
tation costs at Ely are less than at
Bingham. The Nevada Northern Is a |
organization and one OF tho |
illE ltSl III ANBNH0a. tO1
a trip of 141 miles the company |
charges q passenger IS. Its freight |
rates are in proportion. 1t has to pub
lish Its tarin the same as any other |
road Only recently the railroad COM |
mission of Nevada was after the road |
for It's high rates
TT is declared that the steam
shoveling of ore at the Utah is shor.
lived without the consolidation with
other properties. With at the least
so 900. 900 tons of ore in sight this
ton Consolidated this same body Is
increased to 100 900. 900 tons and tho
best Nevada Consolidated can muster
Is $4,000 900.
cit goes without saving the Nevada
is now working its very
best ore In the bottom Of the pit and
getting fine results The mill has not
demonstrated that II can handle 1 per
cent copper ore and make a profit out
Of It That the ore at Ely will average
so per cent better than at Bingham
Is not true according to the best en-
gincering authorities.
''It is declared that II would take
Nevada Consolidated Mt least two
years to develop as large an ore body as
at the Utah Copper and then there is
a chance. It might not be there,
NOT SERIOUS.
There are so many things mention
ed against Utah Copper along this
same line and they are also so at
variance with the real facts as any
one would look at them in n sensible
way, that I have scarce taken time TO
look at them seriously. 1t is declared
that the Utah Copper production
costs 10 cents pound and that at
the Nevada Consolidated 1t is 6k
cents. Neither company has ever made
such statements Officially"