The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-05
MORE EVIDENCE AS
TO ANDES GROUND
Continued from Page One.)

rom Page one.)
In mine operations and extracted ore to
the value of S144o, he would be using
good judgment a mining engineer II
he advised the company To discontinue |
d development work. Mr.. Wilson replied TO
this by saying that he would not be ao-
cused OF using good Judgment unless lie |
did advise the discrimination Of work.
Leggat Makes Estimate.
J. w. Jeggat, a graduate OF the Wash |
ington university at 81. Louis. Mo. was
me next witness called for the Coalition |
company. His views were similar to
those OF other engineers examined during |
tive valuation OF the Andes ground had
greatly depreciated as result of the
work done on It. lie explained that he
could not give a valuation on the ground
was not familiar with valuation In that
vicinity when this condition existed
However, he said that, assuming that
ertv before this development work was
performed. It's present valuation was
practically nil. but possibly II was worth
much 10,000--certainly not moro
than this amount.
Mr.. Leggat explained further that he
had made an examination of the Andes
ties. When pressed for a statement as TO
whether or not he would advise the pur-
Shase OF the gr00%and 00a Under exsting con-
replied that he would not
Senator Kearns on Stand.
Senator Kearns was the last witness
called during the morning and had An
ished his testimony by noon. The only
other testimony presented was given by
Mr.. Brooks. who was recalled for short
time during the afternoon. At he con-
clusion OF Mr.: Brooks, taking OF testi-
mony before the master in chancery was
at an end. Senator Kearns's eXamina-
ton was as follows:
@. Your full name is Thomas Kearns7
A. Thomas Kearns
@. Mr.. Kearns. you reside In this city7
A. Yes, sir.
@. Your bushes is that OF mininE7
Q. And has been for how many years?
Q. And your experience In mining has
been chiefly in the Park City region?
Q. You are connected with the Silver
King Coalition Mines company? A. Yes.
sir
@, And You were connected with the
q From the time Of It's organization
many years n5ons asos or A; A;os Yes, sir; r,
A. Yes, sir.
Q. Have you examined the under
ground workings in the Andes claim as
shown upon exhibit A, or such OF them
us are accessible? A. In a general way,
yes.
Q. will ask you whether or not you
have found any deposits OF ore there at
the time OF your last examination, which,
In your Judgment. would pay the cost OF
extraction and marketing? a, No. sir.
Q. When was your last visit to the
property-last underground visit.
A Friday
the value of the Andes claim has been
ground workings done therein? A. 1t has
not been enhanced any
Cross examination.
Under cross examination by Mr.
Critchlow. Senator Kearns testified as
follows:
@ Has 1t been depreciated2 A, Yes,
sir.
9. How much? A. I don't know.
O.. How much In your judgment?
O l Will have to ask you to estimate
it II you say that it has been depre-
ciated, You mean deprecated In dollars
and cents as to its market value, do you
have paid more-advIsed my company to
pay moro before this work was done
than would advise them to pay now.
NJ Mr. 'es4 crchos Ps hey you we1a S Pnns Pf1 nna ms
marketing ore at the east end, south end
and west end OF this: and IT had a pros
pective value at that time when ! would
have advised my company to pay good
price for it. Recent developments and
work done therein, as 1 understand here
and have reason to believe from the tes-
900 to produce 1t, and would not want
TO go against that kind of a game So
would have advised and paid more for
the ground before this work was done
O. How much? A. I don't know-ss
little as / could get 1t.
Tells of Depreciation.
Q. Now, you speak OF the deprecIa-
ton. You mean In dollars and cents do
you not? You think OF the deprecia ton
that you say has occurred in terms of
dollars and cents. You do not put some
sentimental valuation on II? A. You
have had holdings in your lifetime that
were valuable by reason OF the conditions
and circumstances and developments. es-
pecially In mines, and after the develop
ment had been carried on TO this extent
would be shown that they had depreciat-
not measure 1t Is matter OF the con-
d1tions in having ore on three sides that
was produced and marketed. that made
this ground valuable
swor the question. When you speak OF
depreciation you mean depreciation In
money value, don't you2 A. Yes, sir.
9. And you measure money value by
dollars and cents? A. Yes-coin.
q. Coin7 A. Yes, sir.
., Now how much would you say in
dollars and cents has been this deprecia-
tlon OF this property by reason Of the
work done by the Silver King Consoi-
dated Mining company? A, I don't know
Q. How much In your judgment has It
been II you don't know absolutely-what
is your opinion about It?
Declines to Fix Price.
a. I have Just given 1t. l would not
pay for this last four years developme ent
since this work started and carried on
for five years according to the showing
made here. l would not have paid so
much for that claim as before when min
ing was being done on three sides OF It
., How much would you pay? A.
don't know. ] don't know-just as little
as could get 1t
Q. Just as little as possible? A. Yes
Q. And II you were called upon to ad-
wise your directors and stockholders you
would tell them at the present time In
your Judgment. the proper amount to pay