The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-21
NATIONAL IS A
RECORD BREAKER
Description Of Gold Property in
Nevada Given by Mine
Operator.
VALUES GAUGED BY
POUNDS, NOT TONS
Fortune Disbursed Since June
to Stockholders, and Treas.
ury Is Still Full.

F.. l.. Reber pioneer mining man OF
tho state Of Nevada is In the city on
mining business, and he has been in de-
mand at the hands OF local people owing
10 his knowledge of the famous National
mine OF National New. There are
number OF Salt Lake parties operating
near this mine in the endeavor to dis
cover continuation OF the rich ore shoot.
and the following description of the sit
uation will prove timely:
Since last June the National COM
pany has paid 10 per cent In dividends.
and 1t is an extraordinary proposition
said Reber.
1.-The owners principally arc Chicago
people and they are receiving 10 cents
per share a month on the 100000 shares
outstanding. So far s53s.ooo in dividends
he stopped today the treasury contains a
sufficient cash surplus to maintain dlvi
dends for many months TO come
Plan Larger Mill.
eat the present time the nagement
is reducing an average OF 10 tons Of ore
daily and the bullion results of the grind
| range from $4,000 to $4,000 every dag.
After the mill treats the ore the taillngs
| carry from $50 TO $50 per ton, and some
much higher Ihe i1adednaey mac, t Of the
plans to increase its capacity four times.
and tho finished plant will he modern and
complete in every particular. Exhaustive
tests are being made on the ore by II. L.
Whyttock, which is a guarantee that the
larger mill will he designed to At exactly
the requirements.
mendously Important. as it Will strike
the ore vertical depth Of over 300 feet.
The ore Is opened ON the i5O level. whicn
gives back Of 500 feel and ranges from
TO feet in width The high grade
| ore, which runs from $40 TO s1f per pound
occurs in lenzeS ranging from Il knife
| matriX goes from S. 10 $4,000 per ton. and
| il is the latter character OF gold and
silver ore which is blocked and awaiting
| treatment from the fourth level TO the
| surface.
Ore Better With Depth.
"On the i5O level the company is drift
| ing north and south and the showing is
getting stronger and richer as a whole
| than ii was above. The territory between
Nos. 1 and a levels Is absolutely virgin
| In sinking.
"As illustrating he tremendous wealth
OF this vein let me tell you that single
| blast. measuring about 50 cubic feet,
| blast wrenched from the face blocks or
| chunks OF high grade gold ore weighing
from 5ei TO A. pounds. one chunk weigh
ing 276 pounds containing $4,000 worth
| OF the yellow metal
"The actual present day wealth of this
minc makes one dizzy. yet II is within
| safe and caculable limits. Yet 10 spec
| ulate on what the future operations Will
| bring forth involves problems necessitat-
| Ing an imagination far beyond anything
| ! can boast of Unless nature completely
| reverses herself suddenly and shortly cut
| ting OF this gold vein, the National mine
| will be known TO history as the premier
| gold producer,
Confidence Is Returning.
LET me state in this connection that
| IL is time for a return OF confidence In
| western metal mining and that the in
| dustry is the verge OF great and
successful era Of production. Northern
Nevada will he the mecca for operators
| especially Elko and Humboldt counties
| The National mine is but the center piece
of territory literally reeking with min
eral wealth and the world is beginning
| to see it, TOO.
Among the other propositions that are
| considered coming gold producers | may
| mention the Cheefoo. Auto Hills. the In
dian National. Indian Valley. Esparan-
do, Defiance and among the leasers there
are the Crawford. Hyde, Edmunds-
| Schloss and several others.
San Francisco Oil Stocks,