The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-18

The other interview was with Mr.. w
G. Page, we'll known here as a mining
engineer, while on visit from Los An.
geles. He noted that there is a good
deal of talk about hard times in the
mining industry, and that capital is
reluctant to finance mining PROPOSE
tious; but his experience is, and he says
that he is prepared TO maintain that
opinion, that there never was more
opportune or favorable hour in history
for securing. development money for
gold mining than right now. Mr.. Page
explained that he does not mean that
anything and everything can be fl
nanced, nor that all propositions can
be conducted along the same lines; but
his idea is that any one with reason
ably good gold prospect can get money
to develop it,; and any one owning a
developed mine can get what is deemed
a good price for it in case he wants to
sell. He says that California is being
gone over as with fine.tooth comb for
gold properties: money from the East
and West calling with might and main
for something worth taking hold of.
Mr.. Page noted new financial devel.
opment in the following words:
! will make the statement that a man
with the proper showlngs can raise
Slo.OOo0OO easily today In San Francisco
for gold properties. Since the troubles
In Mexico, capital is more reluctant To
enter that republic, and attention Is be-
IN he I'm
mites nearer home.
Mr., Pages opinion is, that while
mining may seem dull and quiet when
compared with the boom times of four
years ago, the industry never has stood
so high as it does today, and capital is
more willing than ever to take hold of
legitimate propositions. He expressed
his belief that generous share of the
much'dscussed accumulated cheap
money in the East will find its way
westward for opening new mines and
mining regions. In connection with
Mr.. Page view, it was mentioned that
George Wingfield g engineers during the
past few months have examined 200
prospects in Nevada; which is proof
Of bis willingness to inquire into and
finance good propositions. But he is
sparing Of investment. not because be
does not wish to invest. but because
the properties examined do not seem
to him to Justify it.
Altogether these two interviews,
Joined with the activities and move.
ments for recovery in fhe mining sit,
uation. lead one TO hope for recoy.
cries more pronounced, more direct. aud
more speedy than the pessimists have
considered possible. A good era for
mining appears. in fact, to be dawn.
ing; and the days brightness in this
field will be most welcome when il,
comes
The mines Of Utah have always stood
very high in the financial world; this
by reason Of their permancnce, Of their
ouslnesslIke management, and because
of the great ore reduction facilities
that are at hand in this valley. and
more recently at the point of the noun
tain AT Garfield, and at the Independ
ent Smelter in Tooele. Those Utah
mines and ore reduction facilities arc
In the best possible shape to take ad
vantage of favorable turn in the mar.
ket, and Of the readiness of capital TO
invest In. mines where the investment
seems. from business standpoint, rea
sonably safe. We confidently expect
such revival as is indicated with the
coming Of the fall, and are glad to BIZ
able to say that Utah mines and min