The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-15
Advent Of Senator Clark and
Associates Into Camp
Causes Activity.
TO SPEND MUCH MONEY
SINKING LARGE SHAFT
Reports Indicate Big Deal for
Development of Kewanas
Property Is Probable.

The effects of the advent OF Senator
w, A. Clark and his associates into the
Goldfeld district are already apparent In
the plans for extensive operations at
points outside OF the producing zone and
new era OF mining activity In the dis
trict, unprecedented In point Of scope
and depth, Is now an established GER
talnty. 1t would appear also to be a per-
fectly safe prediction that the end OF
the summer dog days" will witness a
lively demand for and a corresponding
advance In the market price Of a num-
bor OF the Goldiicld stocks which have at
tracted but little attention at the hands
OF the investigating and speculating pub
lie for long time past.
The fact that Senator Clark and his as
sociates, upon the advice and reports of
such men as j.. f. Spur, formerly chief
logical survey, are about 10 eXpend large
sum Of money In sinking q four-compart-
ment shaft to depth of 1000 feet con-
stitutes the best evidence that the min
eral resources OF the district have not
hoen exploited to such an extent that
they may be considered as seriously de-
pleted. The main vein system which has
made such a sensational production for
the Consolidated and Florence companies
to say nothing OF the output made by
leases on adjacent properties, Is continu-
Gus and, with the exception OF occasional
fault displacement, has uniform dip to
the east and Is readily traced for dis
tance Of several miles.
No Litigation Likely.
From the indications on the deepest
levels opened on the producing mines II
Is apparent that the veins have a dip at
great depth more nearly horizontal than
render their opening and development
more easy and less costly on properties
situated to the east of the present pro-
ducers. The main vein Of the ConsolIdat-
ed is some 400 feet Wide In places the ore
occurring in lenses and In the sub-hssur-
ing OF this great vein. Under existing
conditions there can be little danger OF
any future disputes or litigation at any
point In the central part of the district
on account OF apex rights, partly as a re-
suit Of agreements entered into between
the various companies and partly owing
TO geological conditions. The fact That
the country formation is almost univer-
sally "faulted;" that gigantic throws
and everything else that the technical
vocabulary contemplates were included In
the early reports OF the camp and district,
has not served TO interfere In the least
with a production Of some $50, 000, 900, and
Of this total the largest proportion was
absorbed by stockholders, in the form of
net profits. that has accrued to investors
In modern days In any similar form OF
investment or speculation. however IT may
be defined.
Many Rumors Current.
Many rumors have been in circulation
regarding the extent 10 which Senator
Clark and his associates are 10 become
In addition TO the mining enterprises OF
which they have taken control. These ru
mors. which appear to have little or no
foundation In fact, have even credited
the Montana mining man with the Inten-
ton of entering the local banking field,
by gaining control of the First National
bank. and with the design Of starting an
other newspaper in the camp. Little ere
dence is given these reports as ii Is known
that Senator Clark stated short time
before he acquired control Of the Merger
Mines company. that he contemplated
leaving shortly for Europe and could not
devote any OF his personal time to de-
tails connected with the conduct of his
Goldfeld interests. For this reason his
ed in an official capacity with the Clark
railroad, were chosen as officers and di-
rectors Of the new Goldheld Deep Mines
company.
company no definite decision has been
reached as to where the deep shaft will
be sunk, although 1t ie stated that 1t will
probably be on the Moonshine claim of
the shaft to a point far enough to the
east, In which direction all the main
veins of that section dip. to cut these
veins at great depth and TO insure the
Ing properties,
Purchased Control.
There is no present certainty that 1t
will be necessary to sink as much as
1000 feet 10 penetrate these veins and de-
velopment, primarily by sinking to depth.
can alone demonstrate how far this work
must extend The impression has gained
ground In some quarters that under the
new corporation $4,000. 900 represents the
capitalization OF the Merger Mines COM
pany. This is not so, as the Deep Mines
company has merely purchased the con-
trolling interest In the Merger Mines COM
pany. holding the stock Of the latter
rs an asset equal to the same number of
Its own shares. and will have reserve
funds with which 10 acquire the stock of
other mining companies.
Unverifled reports state that a deal Is
now pending that Involves the early devel-
opment on an elaborate scale Of the ke-
wanas company's property, adjoining
Goldleld Consolidated on the east. This
Is regarded as valuable territory and It's
position. related 10 the main Consoli
dated vein system. compares favorably
with that Of the Merger Mines property.
being about the same distance to the east
of the apex OF the great Mohawk vein
1t Is also reported upon good authority
that extensive operations, 10 he carried
on at great depth, Will be inaugurated
within n short time on the Atlanta