davidaulloa/AmericanStories huggingface dataset:
Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-02-02
TAFT FAVORS GOVERNMENT TRUNK
LINE RAILROAD THROUGH ALASKA
.continued from Page ons.I
ton service. are all herewith trans


ton service. are all herewith trans
mittcd,
Water Power Sites,
IN previous communication 10 COM
gress I have pointed out two meth
DDS hy which the water power sites
on -nayigahle streams may he
controlled as between the state and
national government n has seemed
wise that the control should be cone
centratrd In one government or the
other as the active participant In SUI
peryising its use hy private enter
prise. IN most cases who're the gov-
ernmcnt owns what are called water
power sites along -nnvigablc
streams, which are really riparian
lots. without which tho power In the
stream can not be used, we have q
situation as To- ownership that may
be described as follows. The federal
government has land without which
the power In the stream can not be
TRANSMITTED into electricity and APP
piled at O. distance, while Il Is claim
ed that the state, under the law Of
waters as IL prevails IN many of our
western states, controls the use az the
water and gives the beneficial use to
the first and continuous user. In orr
der 60 secure proper care By the state
governments over these sources or
power u has been proposed that the
government shnll decd tho water
power site 90 the state on condition
that the site and all the plant upon
Il shell revert TO The government uu-
less the state parts with the site only
by "a lease, the terms uf which u en-.
forces. and which requires rcvalua-
ton Of the rental every ten years, the
fun term 20 last not more than 80
years A failure Of the state 90 make
aud enforce such leases would enable
the government hy an action OF for
feiture TO recover the power sites and
an plants that might be erected there
on. ana shis poWer OF penaiizing
those VINO succeed TO the control
would furnish motive Co compel the
observance OF the policy OF the gov
eminent
The secretary 0f the interior has
suggested another method by which
the water power site shall be leased
directly by the government 20 those
who exercise public franchise under
/ provisions Imposing a rental for the
water power 90 create fund 90 he
expended by the general government
for the Improvement OF the stream
and the benefit of the local commun-
ity whore the power site ~, and per-
hitting the state "a regulate the rates
at which the converted power Is gold.
! The latter method suggested by the
secretary Is a more direct method for
/ federal control, and In view Of the
probable union and systematic organ
/ ization and welding together OF the
power derived from water within a
i radius OF three or four hundred miles,
/ ! think u better that She power 81
control should remain In the national
| government than that Il ahpuld be
! turned over 10 the states Under such
q system the federal government
would have such direct supervision Of
the whole matter that any honest ad-
ministfation could easily prevent the
abuses Uhloh q mor0rolv ~ ahN''n'o
Iu4ucJshtp iu pr acc persons or un'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05

AGAIN PRODUCING

The Butte -BallaklaTa Copper company
is again in the producing class In n
vein south Of the shaft not involved In
the suit brought by the Anaconda cop
pany and now pending. the EallakalaVa
company is said TO have opened up fou.
feet OF ore which averages better than
per cent in copper and carries twelve
ounces of silver 10 the ton, The first
shipment OF this ore was made last Tues
DAY and there Is sufficient ore In, sight
to maintain shipments for some time to
come. The new ore body was opened
'p on The Soo-fo"t level; shows persist
emily and is In vein between pcrlna-
ncnt granite walls. II ig believed tho
orc Will stope several hundred feet up-
ward and from Indications In lower work
insH 1t will he found continuous 10 con-
sidablc depth. Il Is understood that the
very rich orc body. in Il vein some scv-
enty feet north OF the one recently
opened up. was found on The zoo foot
level, and for n width OF thirty feet car
iied copper glance. the entire ore body
averaging better than 10 DER cent cop
per.-Boston Financial News.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
PRINCE TO
RESUME DEEP WORK
Arrangements Made to Drive
Shaft After Prince Con.
Ore Extension.

ARA ngemcnts have Uccu made TO be-
gin development work on the Eastern
Prince company Of the Phoebe district
Of Nevada without delay. and with this
proposition added to the active list Utah
interests thereby again punctuate their
confidence I'm Phoebe with thelr time aud
capital for this Ss Salt Lake corpora
rlon. The property lies TO the east cf
the Prince Consolidated territory and.
as its name implies, IL is deemed To
he in limo for Il continuation OF the same
formation and conditions which exist OH
It's noted neighbor.
When operations OH the Eastern Prince
stopped some time ago pending the COM
pletlon of railroad and other plans, the
shaft was 200 feet In depth, and II Is
the intention or the mana cement 10 con-
tinuc this shaft into and through ths
limestone formation 70 the underlying
shale. wherein the Prince Consolidated
| company has opened It's resources under
| like conditions.
| The Eastern Prince long has boen re-
garded as one OF tho likellest undeveloped
! propositions In tho vicinity OF the Prince
Consolidate and with the results gained
| as anticipated there VIII he wide posi-
| biitics opened for others along the same
mineral zone. The work OF the Utshns
] Interested therefore Will have q big
| influence upon other companies owning
adjacent ground, and there Is n great
| deal Uf interest attached to this new
| effort of tho Eastern Prince. Tho com
pany is well equipped with funds anc
! machinery for the campaign In hand.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
OUTLOOK IS BLUE
FOR SECURITIES
Pfeponderance of Opinion Is
That Market Will Suffer
Low Ranges.
PESSIMISM Is RIFE
Many Adverse Factors Noted
in AdviceS Sent 10 the
West "Wednesday.

For several days the eastern market
sdvices uniformly have been pcssimlstic'
and market students have not hcsitated
10 urge care on the part OF the puolic
in assuming the long side Of stocks, and
10 take profits on all bulses. During
the past twenty-f four hours private dis
patches from New York and Boston have
warned western interests 10 tighten all
lines, especially the industrials. and this
late advice has come 10 so many rcclp-
tents from so many different and usually
authentic sources that consiiera bic atien-
ton has been directed TO this phase oil
tho market.
The big stock markets have suffered
severely during the past year or more
from 81 many causes, one following hard
upon the heels OF another, that the In
Vostor has hardly drawn breath OF re-
lief Az one danger passed than lie was
confronted with q new cause of alarm,
and u number OF disquletinG influences
arc now spread forth. any one OF which
seems fraught with power for much mar
kct uncaslDeSr.
Aside from the Balkan war. which has
occasioned q great deal OF foreign Hqu!-
dalton or American issues, eastern marker
authorities seem 10 place more stress up
on the tariff revision propensitles OF the
new congress. and whether there rs real
ground for alarm Jest domestic m7nufsc-
turing enterprises will suffer at tho hands
pl congress. OF an attempt 10 pciIS DIdoe
70 spread such uneasincss as TO influence
the action OF congress. II Is taken for
granted that stocks VIII suffer In any
case. and money In the bank Is deemed
better disposed than invested In nuctu-
ating securities.
Locally. Ii is deemed certain that SO
much smoke means some fire, and on
Wednesday there were many dolcful shak-
lngs OF heads and thoughtful counte-
nauces. The advice TO keep close TO
shore marl:ctwise and 10 keep q watch
ful cyc 10 windward has such a unan!-
NOUS and elbow to- elbow character that
local Investors arc practically out OF the
market for the tlme being, although there
are some long lines carried regardless
of the signs of the times. yet with safe
guards against emergencies which should
be strengthened Immediately.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
RAILROADS WILL USE
OIL INSTEAD OF COAL

IN view or the fact that an effort is
reported now in process to convince the
Santa Fc road OF the advisabiity Of cX
tending a pipe line TO the san Imam oil
fields Of Utah to obtain 4 supply OF fuel
the following from Colorado Springs Is
Of interest 10 local oil mem
\ SeYen-ycar contract. which involves
the sale Of fuel oil 10 the extent OF more
than 80 900. 200. has Just been closed by
ths Midwest Oh company. composed of
Colorado Springs capitalists, with the
Chicago Il Northwestern railroad and
from now on the only motive. power used
on this road, west OF the Missouri river
and ON one division east OF the river.
will he Wyoming oil. II Is altogether
probable that within q very few years
the Northwestern will bc using id-West
oil on its entire lines west OF Chicago.
The deal was closed during Z. recent
visit 10 Chicago OF O ~. Shoup, Ecrnc II.
Hopkins. Carl Schuyler general counsel
for tho Midwest company. and z. y.
Brooks or Denver, general Inana ger Of
ine Midwest. The contract stipulstcg =
sliding scale on the delivery of the oil
by which the railroad company will take
from $50 TO 35O1 barrels Of oil day
from the Midwest company al Casper
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
Mr.. Cooper wrote as folloNt:
Ore Going Down.

Everything seems to be working
as we'll as II could I am more conii-
dent than ever that, as far as thc
question Of going down Is concerned.
ii Is already demonstrated
Mr., Cooper inclosed a clipping from a
Reno paper in which Edward n, Buck
editor OF the New West magazine, ex'
an extended investigation OF conditions
After calling attention TO the splendid re-
suits of diamond drill operations at tht
Mason Valley property, and in line VIII
his argument that the Mason or Yering'
ton camp is q very large ore zone, hs
says, In part:
And fifteen miles from the Mason
Valley property, In another range
altogether, some diamond drill eX-
ploration work has been going on
lately on the property OF the New
suits here, too. were as satisfactory
as In the other case. In fact. without
any question, the mineral belt OF Lyon
county is the greatest I ever saw.
But the most remarkable thing about
il, to my mind, is the little idea the
mining world has of its resources.
Even more positive in tho accoun
given OF property conditions In the lates
edition OF the Yerington Times, whicl
has the Following to say:
The New Yerington Copper COM
pany is pushing development work
as fast as air drills can do IT, and
some very interesting DEVELOPMENTS
arc being made which will place. this
property in the front ranks Of the
producers. The actual development
at the present time has left the
knocker without any foundation to
stand on.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
Big Producer Assured.

a srcat many have expressed the
opinion that II the ore was thore
below tho water level, that 1t was n
big mine. Well. it is there, and 1t
will be there for a great many years
10 come We must all concede II
one OF the very big mines, the i'm
mense assuring, miperali2ed, as it il,
will have a long period OF production.
The ore is being followed both east
and wost OF the main shaft. There
is an immense future for the prop
erty as there are several thousand
feet along the ore before reaching
the cast and west limits, AS the ore
has been opened for some 1000 feet,
II is evident to the most disintercsted
that Il mas an equal value with such
mines as the Mason Valley and Ne
Yada Douglas.
With all THIS good news to pick from
and with the realization that the com
pany is in a very comfortable financial
as we'll as physical, condition. the com
pany being splendidly equipped in addi
tion, local shareholders are resting cas-.
and satisfactorily in the knowledge tina
they are opening a copper proposition
that seems destined to make good In
manner typical Of that well-known sec
tiOu.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
BETTER LlGHTEN UP
INDUSTRIAL ISSUES

James a. Pollock & Co.. bankers and
brokers, furnish the following. received
over their private wire yesterday after
noon:
Paine. Webber & Co, Boston.-A great
many reasons are being offered To eX-
plain the decline. war news being the
thing has effect on the market al present
except the absolute lack cf puolic parti-
ripation and tight money. Every so often
some holder OF stocks becomes diSgustcd
With his position on the long side and
gives orders TO sell out. There arc al
most 40 buying orders under market and
the banking interests arc unwilling TO fur.
usn any aggressive support In fact OF
such Ught money The result can oDly
&c one way, one speciality after another
breaking sharply and falling TO rally un-
III gradually Iue whole list seeks lower
level VIC see no relief for the present
and until the first OF the year, and NC
believe holders OF stocks should tighten
their accounts and be prepared 10 pick
up bargains whicn may come II We have
decided money squeeze the last few
DAYS II the month
Logan & Bryan, New Yor!L---A renewa,
n: beavy liouidatlon. especially in the
indue{rIa! department. was again Wit
messed and as q coDseHUc cuce prices &c
cedcd sharply. There was Il nocicea Die
absence OF good support and while there
was not much in the news aside from
the rcmarks attributed 10 tho secretary
~ the easury rejecting upon the adc-
duacg of our present banking and cur
NtGCt SISltDJs SliII lUllc q niue CDUSlDcr-
alton was given 10 the fact that dis
elimination against industrials in loans
continued and II was the general impress
sion that the bulk of the heavy selling
which has recently occurred was induced
~ great part by not only the last men
toned feature but also by fears enter
taiued in some quarters relative to the
probable extent OF tari1 tinkering. which
viii take place when the extra session
cc congress coDvcnes.
OF course. such reasoning might ap-
near 10 be far fetched, but in keeping
win its usual custom OF dscount.ng fu-
ture events, the stock market at present
appears 10 be gotnS through Il sort oi
n period of adjustment. with the sccurl-
Ties OF corporations likely TO be adverse
Is Influenced Ia the near future. beinl
forced. 10 level In keeping with suci
iuferences as can be drawn from the teai.
Dcr OF tho legislators in whose hands the
fate OF quite a few Industrial interest:
rests. While money rates were soiucU'ha
easier. II seems more than probable tha
strain VIII continue until the bcglnnn:
of tic new -esr. hut for period of Z
few days rst tcs might ease slightly.
Foreign news Was somewhat moro az
sur.ng. but speaking i'll II general way
the constructive element has so much q
contend with during the past few week:
that. aside from occasional rallies in
duced o. short covering tic stock markc
VIII probably continue TO reflect hesItanc'
and uneasiure until thc money question
and International politics Mill afford al
incentive 10 promote decided UptUrn.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
Drives Off q Terror.

The chief eXecutioner Of death m tine
winter ann spring months is pneumo-
MA Its advance agents arc c5ids and
grip. In any attack by one of these
iinaladies no time should be lost In talk
ing the best medicine obtainable to
drive, 1t off, Countless thousands Lave
found this TO be DIR. Kings New Dis,
coyery: My husband believes it has
kept him frou having pneumonia three
Place, RswsopviIle, Vt. land tnr
coughs, colds and CT CUP we have never
found ITS equal Guaranteed, fdr ali
bronchial affections, Price so cents
and $l,0o. Trial bottle free at Schrnmm
johnson, drugs. (Advertisemonfl
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05

IL VIII be seen by studying the above
details OF cost that next 10 the break
ing OF ore the largest item IS that OF
development, but shareholders nave the
satisfaction Of knowing that this extern
sIvc development work has two very I'M
portaut Influences, one being the contin-
ual Increasing OF the available orc ton,
nages, the other being the new tunnel
Which viii not only dev elop new Douglas
I'm tonuagcs but afford a much more
economical and satisfactory outlet for
future production from that part oil the
mine.
The production during the period mem
toned was 6.05t,9e0 pounds OF copper.
the cost OF production per pound being
nroduced was sS32 1888, restment eN-
penses, s2S7, ,s07.24: freight charges. 3i3t.-
i3S so leaving u total net value OF $780,
49,. .29.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
GOOD NEWS COMES
FROM YER|NCTO|V
Continuation of Ores With
Depth Is Positively Shown
by Development.
DRILLING RESULTS HAD
Various Sources of InforIna-
ton Agree on Present
Shape of Property.
RESULTS HAD

On Wednesday number Of sources oil
Information combined to demonstrate &c
the local officials OF the New Yer'ngtor
Copper company that the campaign o'
development now under way Is being d.
rected in tho right channels. Among Tho
communications received was letter
from Il ]. Cooper OF Yerlngton, who gave
President c. y. Strcycll some very inter
estlng Information based upon recent
visit to the m'nc the day the letter was
written. November 90,
Mr.. Cooper wrote as folloNt:
The mine is looking fine, especial
w the 400 west drift, which has n
ful! breast OF orc fully seven feet In
width, and of fine grade to judge by
it's looks. with plenty of copper sui
phidcs The 100 east drift Is in ore
and seems TO be getting better, anu
l think will soop have some very rich
ore There is full breast OF ore
here also. 1t looks to me like ship
Ming
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05

DALY.JUpcE MINING co@PH

The regular quarterly diyiosf fot
Daly-Judgc Mining conPan'. 1sls.'
quarter ending December 9I 81
per cent. being dividend No. "cht
Ing TO sis,o and an er;re e%tr;S al
40. ). amounting to $4,000: :.,s sIsd Isd
eating $4,000. has been dec.aoM so ID
bic OH or before December .,ose So a.
stockholders Of record at ris,ch riJSh 81
ness December Z. 1872. on "nnnJ
transfer books will Close ""'
Deccmber II. 1872. ,,- rfcss1
G.. ". L.AMDOURNL' l
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
REPORT is
ISSUED BY SURVEY

Tho United States geological survey is
just Issuing q report tbullehp 50D on
tnc Bonniilcld region, part OF interior
Alaska lying south Of Fairbanks and COW
erinE an area of 800 seriarc miles on
the north slope OF the Alaska range.
Placer mining has been carried on con-
tinuonsly in the Bonuifleld region since
1909. and although the production OF gold
there has never been large, the output
has been steady The inacccssihility OF
the region and the high cost Of trans-
porting supplies TO II have prevented the
mining OF any but tho richest ground,
but II the proposed government railroad
TO tho interior by way OF Susitna and
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05

Neuans valleys should be built, The min
ing industry would be greatly stimulated
\ acmst bell. similar 10 that In which
most OF the .NaslSa gold csmps arc To-
Gated, CROSSES the Donnlield region, so
That The geologic conditions arc Csvorab bic
l0r Inc discovery OF additional gold
placer areas. Extensive lodes containing
IRON 5ulphde snd some gold have also
been found. and although these are not
now being mined, II is possible that the
lsflon may some time support u con-
siderable lodc-mininG indusir'y.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
DEVELOPMENT WORK
At NEVADA DOUGLAS
Comprises Large Share OF the
Per Pound Cost of Cop
per Production.

Sha reholders OF tho Nevada Douglas
Copper company will be interested In n
statement prepared by tho local manage
mcnt touching upon the cost or produc-
tlon, tho company being ono OF the
Youngest OF large new rcd metal pro-
ducers OF the state Of Nevada In which
many Utahns have a stockholder inter-
est, This statement covers the period
from tho first of 1912 to the end OF Az
gust during which period the compa ny
produced T6,525 tons of copper ORE wet
weight the dry weight OF the same be-
Ing 7si27 tons. The total cost per wet
ton of orc mined was S3.0S. and the cost
per dry ron mined WAS 1924.
The following costs per wet ton are
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
OHIO COPPER WEAKER
AND is EXCEPTION

Business on the local exchange con-
tinues satisfactory, the trading on on
Wednesday reaching total or at,eeE
shares OF stock. the market value OF
which was s9li4,30. One especial weak
spot is Ohio Copper, due entirely to the
drop Of this issue on the eastern mar
Seta, and so far there mas been no sat +.
is!actory explanation made to account
for this unexpected slump, The unlisted
stocks yesterday were Very active ana
all were much stronger, especially Column
bus Extension and New Scrington.
The following were the closing trans
actions
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
ROCHESTER CANYON
SCENE OF NEW FIND

\ message was received In Salt Lake
City on Wednesday from Frank r. Reber.
editor of the National Miner OF National,
New. that one OF the richest strikes Of
orc made in that state for many years
has been reported at Rochester canyon.
which IL reached via Iovelock- Reports
so far arc very meagcr. but Mr.. Rebcr
speaks In such enthusiastic terms OF this
new find that additional information will
be awaited with much interest.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
FORENOON SALES.

FORENOON SALES.
Cedar -TaI,sman, $500 shares A 1c: 1000
shares at lic.
Colorado. 500 at 2ic
Crown Point, 1900 at 5sc
Eastern Prince, 1000 at 2c
Gold Chain, 100 at SIC.
Iron Blossom, 100 at 81 90
Lower Mammoth. 240o at &c.
Union Chief. 1000 a &C.
Wibert. $500 at l2sc.
Shares sold. 10000.
Selling value. sl955.I0.
OPEN BOARD.
Cedar -Talismau. 5000 at izc.
Colorado. 500 at 2ic.
DAILY. 20 at s1.3o.
Union Chief. 1000 az 7c; 1000 at 1;c.
Wilbcrt. 500 at 12ac
Lower Mammoth 200 at Sc,
Shares sold, 1892.
Selling value, $29S4.l0.
AFTERNOON SALES.
Cedar -Talisman, 1000 at i3c.
East Tintic Development 500 At &C.
Iron Blossom. 800 at 1l.3c!; 100 at 81 SO,
Lower Mammoth. 1000 at G{c. buyer
May Day. 400 at 2lc.
Ohio Copper. 1000 at $40.
Prince Con, 100 at sl.572.
Victoria Con, 100 at 5Jc.
Share. gold. 800.
Selling value s2ae2.15.
OPEN BOARD.
Cedar Taiisman. 500 at Iic.
MAY Day, loo at @1c.
Yankee Con. 400 at i5c.
Shares sold. $50,
Selling value. Sl2si.75.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
Famous Stage Beauties

look with hoEror on SKIN Erupl Ion g
Blotchcs, Sores or Pimples. They
dou Y have them. For all such troubles
use BuckIcn S Arnica Salve. 1t glori-
fies the face. Excellent for Eczoma OF
Salt Rhcum, it cures sore lips, chapped
hands. cbilblains; heals burng, cuts aud
bruises. Unsurpassed for piles. 25c al
Schramm. johnson. drugs.
(Advertisemeot).
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05

Ore and Bullion.

Ore and Bullion.
The orc and bullion report for We'd
ncsday. given ny Mccormick & Co. was
as follnvs: Ore received. $50, 900 bull
Hon shipped. $4,000; total, s16s.00o.
JTSTRTTE COAL. all kinds, care.
fully screened. Alliance Coal Co., II
Main street. Phone Was. 4i4S.
(AdsertiseDertI
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-12-05
MICHlGAN-UTAH is
TO INCREASE EFFORT

\ force OF eight men was sent % Little
Cottonwood canyon Wednesday morning
by the Michigan Utah Consolidated COM
pany, which reinforcement VIII be utilized
for the purpose OF getting out an un-
usual ore tonnage on company account
during the coming winter months. The
management anticipates no delay or in
terruptlons TO shipments during the win
Ter. as the company's tramway is 80
constructed as TO allow continuous opcr-
atoms despite weather conditions.