davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
OLD CALEDONIA IS
OPENING UP WELL
Special 10 The Tribune.


SPOKANE. Wash, June 1.-CaIedonia
mlne at Kellogg, Ida. is the scene OF the
latest strike OF Importance In the Coeur
d'Alene district. Tho ore IS said to be
as rich In the lower workings as the sur
face development. which made tho prop
erty. record producer. Samples taken
In tho raise between the 700 and s00-foot
levels assay as high as 700 ounces in sill
yer, l.s per cent lead and 22.S per cent
copper. Some OF the ore In tho drift on
the 7oo-foot level shows s63.5 ounces of
silver and 22.4 per cent copper.
Charles McK!nnis, manager OF the
mine, reports that the new ore body has
been proved for 100 feet and Is not yet
fully exposed. He added: Already the
shoot Is bigger and richer on this level
than at any place above, On the rich
70o-foot level recent shoots have exposed
seven feet Of solid shipping ore"
Tho Caledonia property has been given
moro than ordinary attention by investors
In Spokane the last two years, Following
the initial strike. several dividends were
paid, and then discontinued by the man
agement while the company used It's sur
plus In driving long tunnel 20 ctaIn
cheaper operating expenses. The lower
tunnel failed TO cut the ore at the point
expected. but finally ran Into the shoot
Since that time the price of the stock
has huctuated widely on the strength OF
rumors as 70 mine conditions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
H|GH-GRADE POCKET
. SPECIMEN MAN GONE
Once Familiar Faces Are No
Longer Seen Along the
Lounger Avenue.

The world continually Is being remind
ed Of the rapidly thinning ranks OF pros
pectors in the western hills. but so far
no one has remarked the disappearance
or tho man with numerous bits OF enor-
mously rich gold ore In hts pocket who
once brought them forth at psychological
moments 70 thrill the prospective inves-
tor. He too has passed along TO some
mysterious realm, leaving no trace e1-
oept, In frequent instances. trail OF
worthless stock certlhcateg-
There Was O time within the memory
OF all when the average man permitted
the glitter Of high grade specimen to
destroy his vision, and TO separate him
from his money. he never stopped to
consider why tho owner OF such rich
sold mine was willing to part with II
Tor q song. nor why he dared leave
such enormous deposits OF ore. needing
only the stamp OF the government TO
mako IL current coin OF the realm. eN-
posed 10 the mercy OF the first who
might happen along with nothing but
location monuments on guard.
One can recall great many properties
whose high grade gold specimens kept their
'amo bright for months, but which never
progressed further 70 the production class
han the pocket specimen division. The
nan today fails TO thrill as OF old. He
nas grown wiser, he calls himself I'm
nune. But Is he7
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
PLAN MUCH WORN
At TOOELE P||
New Construction Progr,|
Is Extensive for Com,
Summer Months.
NEED MORE CAPAf
Manager Mathewson
What Company viii b
the Near Future.
NEED MORE CAPA

Two extremely gratifying phnsu.
Utah operations OF the Ints-
Smelling 81 Refining company :
leased Saturday morning by Gem.
ager e. p, Mathewson: who len
Montana headquarters after a
days visit 10 Salt Lake and Too>,
OF these was the statement thar 4
per and lead smelters are q
splendidly. being complete aue
every detail. the other being q
officials have mapped out an 2
campaign OF new construction, WI
Mathewson pronounced himself h
say, the growing business OF the on
tion demanded. II
AS stated several days ngo
Mathewson In these coumna N
pany has started work on the thi
stack, while orders for the IN
have been placed and quick
urgently requested. The COMPANY
ting IN 80 much lead ore thar tAe
sinteriug capacity has been Shon
inadequate, so four additional =
furnaces have been ordered. ana b
pany will orect Immediately q n
house system to be used In o0|
with the lead converter departUo1|
site, therefore. will afford Q a.
OF work throughout tho sumnzr 2
men.
Four reverberatory furnace put
five are actively In commisAp1. q
efforts of the management ~ 4
copper as well as lead ores are 81
warded. The smelter secures d
tial tonnage from It's Bingham e11
while there are numerous smallsr
sending In their red metal rod 4
increase their consignments now
weather conditions throughout u
tain camps are Improving with e
sunshine. p
Mr. Nathewson states that q
vestigation In the vicinity OF th1'
has demonstrated that there ls NJ
being done through snelter opsr1
the surrounding ranch life. "
around Tooele ls unusually h11
healthfui. the farmers having Mn
tagcs due to the enormous arnoun|
ter that has fallen In the mount1
ing the winter and spring rnoptl
alfalfa right in the smelter yardg'
high and no difficulty is ant,cipaI
this heretofore troublesome que
Utah before the days OF the
system of fune elimination.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
.LEASERS HAVE ORE
IN CAVE PROPERTY
High-Grade Copper Tonnage
Is Being Prepared for
Local Market.

In the early days OF Beaver county one
OF the famous producers of mineral wealth
was the Cave property. and there remains
today some enormous old slopes 10 testify
to this. Leasers have been at work on
this property for some time past and they
have driven through the walls Of one OF
the Slopes TO new body OF copper ore
: NJ. Levy returned Saturday from
Beaver county. and he states that some OF
this ore Is very rch. some OF It carrying
native metal and the leasers are prepar-
Ing to begin shipments to the Salt Lake
smelters.
While in Milford MT. Levy heard OF sew
eral new discoveries OF ore In that Sec
property of the Granite Copper company,
being especially important This group Is
east OF Milford. From the upper tunnel
level, by means OF winze driving, the
management has broken into ak 60 seven
feet OF shipping grade material, and those
this promises TO develop into shipper
of no mean dimensions.
While at Milford Mr.. Levy met the
superintendent OF the Hub property OF the
Star district, who informed him that all
the veins had heretofore on the 40o-foot
level had been encountered on the 500.
and they promise as generous an ore pro-
duction at that depth as above In the
north and south vein a substantial body
OF hish-grade zinc ore has been en-
Gus source OF wealth for the company
during the summer The company on the
3OO-toot level made extensive shipments
last year and the same ore has now been
found on tho 400 In the east drift. The
Hub is backed by prominent Boston In
the Development OF this wel-known
group.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
CONTRACT OF MAY
DAY IS CLOSED
Zinc Ores Will Be Shipped
to the Snelters of
Oklahoma.
CARRY FORTY PER CENT
LeaSers on Gemini Getting
Some Very Fine Ores
for Shipment.
CARRY FORTY PER CENT

the following interesting items are
culled from tho Eureka Reporter:
The officials Of the May Day Mining
company have succeeded in getting q
new smelling contract which will nd
NIT OF the shipment OF a largo quantity
or zinc ore which Is now exposed upon
the various levels OF the mine from the
400 down 20 tho 1000, this ore to be
shipped TO Rartlesville Okla. II is
stated upon pretty good authority that
tho contract will enable the May Day
company TO earn very large sum OF
money. as fully 1000 tons OF ore. carry
Ing better than 30 per cent zinc, Is now
awaiting shipment. and there is possi-
bility that the mine will be able to send
out several thousand tons. as the mining
OF the ORC which is now in sight will
undoubtedly result In the opening OF
other large deposits.
For some months tho price Of zinc
time the metal Is bringing $3.50 per 100
pounds, and at this figure the zinc ore
from tho May Day should bring a better
price than the lead product. There are
but few smelters equipped for handling
zinc ore and for that reason II Is not
an easy matter for the mines OF Utah
70 connect Up with zinc contracts. The
May Day officials had one advantage
over most OF the other mines. however
owing TO the fact that they have an e1-
ccptioually clean product
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
OLD STYLE ARASTRl
NETS SUBSTANTIAL

Word from the Gold Circle q
to the effect that by means OF
style ara stra. used By tho q
western miners, the Story and
terests Of that district have wyF
tweuty-three sacks OF Queen
netting $3.50. Those who have
perience with such contrlvaz|
agree that the twenty-three o.
pretty good values.
The interests behind the Eas(|
property have succeeded In gett|
new hoist and other equlpmenI|
property. the work of lnstatla0
going forward with v!gor Anol1
OF interest at Gold Circle is Sha|
l.. Savage is sending out q ahlcI
gold ore which will run $500 "a 4
His lower grade sold rock 10 70 b.
at the Rex mill.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
New Hoist Installed.

the new electric hoist at the property
OF the Eureka Swansea Extension COM
pany Is now ready 10 20 into commits
sion and within the next few days work
VIII be taken up at a depth OF about 30C
feet. This ground contains exceptionally
fine surface Indications and the rrst
work 10 be taken UP through the com
pRny's shaft Will he 10 drift in an east.
erly direction upon the 500 level. Frank
Nelson will superintend the work al
this property.
Assistant Manager w D. Loose Of the
Grand Central and Gold Chain was in
Eureka yesterday and states that these
mines are each producing ore at the rate
OF fully 100 tons daily. with everything
In splendid shape In the underground
workings
At the Cold Chain good portion OF
the ore Is now being mined from the
slopes above the 700 level and the re-
turns from the ore which was mined
during the past thirty days show that
4 has been bringing the company about
$500 per care.
The south drift upon the 1900 level OF
the Grand Central has now reached a
point almost directly beneath the cave
which was encountered from the level
above and NJ. Loose expects 20 get into
The ore most any time now. Another 100
feet ot work VIII undoubtedly put this
drift into the country IN which a vtnze
was sunk In ore from the 1900 level and
there can be little or no question but
what strike will be made al that point
even " the ore is now found some dls-
lance nearer the shaft
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
TAXATION OF THE
MINE PRODUCTION
important Question Will Be
Thoroughly Threshed Out
in Federal Courts.
MILLIONS ARE INVOLVED
Depreciation of Assets by
Mine Production Is Fac
tor in Problem.
MILLIONS ARE INVOLVED

That the right OF the government tr
tax the net earnings OF a mining COM
pany as measured by dividends 10 to re-
ceive thorough Investigation through
legal channels ~ evident from the follow
ing statement contained in tho New York
Mining Age which Will be OF much inter-
est 10 the mining west:
For several years back operating min
Ing companies have strcnuously resented
the federal corporation tax; more so than
any other form OF organization that was
made amendble 20 that revenue pro-
ducing measure Mining concerns base
their complaints largely on the basis
that IL would be impossible for them TO
pay tax on net earnings without being
allowed TO strike of n pro rata depre-
clation OF ths diminishing assets that
follow as a matter OF course where min
Ing operations are pursued. The SUBJ
ject matter from which their earnings
are derived cannot be replenished by
anything that may happen in that por-
tlon Of the property from which the orc
has been taken, and 10 seems most equit-
able that the preliminary ruling just
made In their favor should eventually DE
passed upon in this fashion by the
courts on appeal.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

fORENOON 6ALES.
Black Jack 100 at lie
Colorado 500 az 1sc
Iron Blossom. 100 az 81 Sz1
New York. 1000 at &c.
Ohio Copper. 100 at 81 57A
Prince Con-. 500 At 81 so
Swansea. 1000 at sac; 1900 q. s,e
Union Chief. 1000 a. lisc.
combination Fraction. 1000 n 1rc
OPEN BOARD.
Grand Central. 200 az 7sc
sixty days. 'I' ouyer
Beck Tunnel. 1000 AZ re.
New York, 1000 At &c. buyer s,I.v
days. sixty
TOTALS
Hesular g5oo shares FOR IisstsO
Open, BOO shares for 1885
Total. 10000 shares for 1890 50
WEEKS TOTALS
ls5,S-s shares for g1s.0sigg
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
QUIET ENDING UPON
THE LOCAL EXCHANGE

A week Of drifting market conditions
closed Saturday noon. the morning ses-
sion witnessing sales for 10000 snares o!
stock. the market value OF which was
$3940.5 30 The total business OF tho week
was sales for 1S5.s2S shares OF stock.
the value of which was $3S.0at-43.
There wero two sales recorded yes
Consolidated went for so cents a share.
500 shares selling. and Bingham Central
Standard sold for 10 10 16i cents a
share cash and 16t cents. buyer sixty.
Tho following were the closing trans
actions.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
MARSH MINE PLANNING
INCREASED CAPACITY

The Marsh company Of Burke, Ida.
Pacity, the present rate OF shipments TO
the Tooe!e plant OF the international
smelling & Refining company being about
IWo cars OF ore and concentrates weekly
is between $50 and s65 per ton. The
property Is In the hands OF Spokane in
Vestors and the showing throughout the
property is splendid 'S
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
FULL FAC rs ABOUT.
81 )f6,||

our s0-pase booklet on the hQuhI
subject OF the great German WV
cure for bad blood poisoning.
or social disease. the curse OF mankind.
should be ip the hands OF all thinking
men. II Is written by an authority
whose views are worth reading. Price
ioc by mall postpaid, In plain sealed
envelope.
M. HILL PUB. CO..
Box 1873, NEW YORK.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
HECLA COMPANY HAS
DECLARED DIVIDEND

. The Hecla company OF Idaho has Maid
It's regular monthly dividend of 500 ooo
THIS being 10 cents share. The com
pany has pnid 100000 20 stockhoiders
since the Arst OF the year. and since its
onganizatlon the company has paid
s2.460rOoo in dividends The product OF
,his property Is being shipped TO the
Tooele smelter " w
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Nipissing Dispute.

One OF tho first mining corporations
10 push It's case through the courts on
this question was that OF the Niplssing
company. which has just received a IA
vorablc ruling on Its contention through
a decision rendered By Judge Lacombe
in the circuit court Of this district.
Judge Lacombe. in an opinion favor
ing the position taken by the company 8
counsel, based his decision on the ground
that the government had not the right TO
collect A tax on the net income OF COM
pany. as measured BY the dividends TO
stockholders. but must allow for their
depreciation on the company's mining
property caused by the exhaustion OF the
orc supply. II was partial admission
that mining dividends are In part re-
fund Of capital derived from the eN-
ploitation OF wasting assets.
I'm case the decision is upheld II Is
estimated that the government may lose
about 90 per cent OF the revenues accru-
Ing from the application OF the corpora
ton tax 20 mining concerns. II Is not
improbable. moreover. that other than
mining companies may be able 10 take
advantage OF the decision and TO recover
from the government
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Interest Widespread.

The government suit was instituted
upon the refusal Of the Nipiss!ng Mines
company 10 pay $4,000 claimed TO be due
under the federal corporation tax law
Of 1909. The tax Is ] per cent on the
net earnings In excess OF $4,000 OF all cor
porauous in the United States. From
the frat the new tax has met with consld-
erablo opposition.
For the year 1908 the Nipissing Mines
company paid $4,000 under protest, but re-
fused TO pay an additional $4,000 demand
cd by the federal authorities. In dis
cussing the action, Judge Lacombe In
structed the jury TO bring In a verdict
In favor OF the mining company for the
$4,000 which had been paid under pro-
test.
'If the case is upheld by the su-
perior court ~ is figured that the United
States government may lose between
10000 600 and $4,000. 900 IN annual rev.
enues."
MnnteomerY' Band. Shltair. this
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Metal Market

The metal quotations for Sz,u,d.,
posted By Mccormick & Co. were as Toi
lows: Silver. soic; lead, $50; coppsr
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Ore Shipments.

The Utah Ore Sampling cont
Saturday released five cars OF o.
Utah and one car from Nevada 81
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

Nevadas In San Francisco.
james A. Pollock & Co.. bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Boston Mining Stocks.

James A. Pollock g. Co., bankers and
brokers' furnish tho following. received
over their private wire YESTERDAY after
noon:
BOSTON coPPrp RANcE
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

THE ART OF PRINTIN
Would be lost in Salt Lake y
turY were not in business 5b-oI|
Office place.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
STOCKS, BONDS, GRAINS,
PROVISIONS, COTTON.
James A. Pollock & Co.
BANKERS AND BROKERS,

BANKERS AND BROKERS.
s3S-S3S South Main Street (Fet RIda.) J.
Salt lake CITY,
Direct Private Wire 20 all sfArfe,s
Duplex System-One Relay TO New York
and Boston
correspondents Members all Exchanrea
stocks Carried on Liberal MArEinS
Specialists In Mountain States Telephon. /.
and Telegraph.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Ore and Bullion.

The ore and bullion report for Satur-
day, given by Mccormick & Co. was as
follows. Ore received. $40 00O bullion
shipped. $4,000; total $3.50, 600
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Freight Costs High.

The cos. Of transporting the May Day
ore to Oklahoma will be no small Item
DO a good piece Of money coming to the
company even after deducting for min
Ing. railroad and smelter expenses. The
| smelling company agrees to handle all
It Is very rare that the May Day zinc
goes below 10 per cent. while IN some
parts OF the mne there are punches OF
ore. which Will run nearer to so per cent.
Only couple OF weeks ago a new body
OF zinc ore was found In the Uncle Sam
ground and the new smelling contract
may be beneficial to this company as
well as tho May Day.
opened from the 1000 level is showing
up splendidly. according to Superinten-
dent c, c. Griggs. and can no doubt be
called upon for some heavy shipments In
ore has been opened to the best advan-
tase is something like twenty feet be-
low the main level. and already tho min
ers are breaking down, ore which should
What makes the management feel good
Is the fact the ore body is Of liberal
dimensions with ample room for It to
make of into new territory. II is Thought
that the drift which is now being driven
upon the 1000 level will soon reach this
same ore, which will no doubt be found
to extend some distance above this level.
Gemini Leasers.
The Gemini mine at this place is now
one OF the busiest properties In the Tin
tic district, made so by the adoption Of
the leasing system, which has always
been popular with the miners OF this
section. and the monthly output now ex-
ceeds 1000 tons. Some OF the ore which
the lessees are mining carries sensa-
tional values In silver, and those who are
fortunate In opening punches of "high-
grade" are pihng UP tho coin for them
selves and tha Practicable oil
OF tho lessees In the Gemini are making
money and. according 10 Superintendent
John Fl. McChrystal. the ore whicn is
now being placed upon the market from
The development OF the Ridge & VAL
ley property lie still being carried on
through tho Gemini mine and the man.
der contract, The development work and
timoering which is now under way Will
put the Ridge & Valley in shape for ore
production II, the near. future.
The case brought by the Mammoth
Mining company 10 prevent Werrett and
Orion from shipping the old Mcintyre
mill dump, In which an Injunction was
issued In Judge Marsholl's court at Salt
ins within tho next few days. Werrett
and Orton purchased the dump and
shipped 1000 tons OF the ore upon which
they made a splendid profit. and there
tons which could also be depended upon
20 bring them the same amount OF money
per ton, The Mammoth company claims
that the purchasers OF dump fraudulently
the dumps tonnage and
In this manner secured II at q ridicu-
lously low figure. Mr.. Werrett. who
closed the deal for himself and 1fr. Or
ton, denies this and says that he paid
tho company the price which they asked
and took their own figures with refer
ence TO the tonnage.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
Park City Shipment.

Special to The Tribune.
PARK CITY. June 1s-FolIoN1
the ore shipments from the m
district for the week ending "a
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02
New York Mining Stocks

James a Pollock &. Co.. bankers and
brokers. furnish the following received
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

Band concerts. Saltair, this after
noon and evening.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

Montgomery Band, Saltair, this
afternoon aud evening. Fare, 25c.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-06-02

Total
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1912-11-23
INJURIES PROVE FATAL.
His Brothers Start in Search OF Al
legged Slayer.

Charlottesville, Va, Nov. 23.-Rut-
ledge Wood, well known lumbernan
Of this city, who was struck on the
head one week ago by negro, Rob-
ert Scott is dead at the home of his
mother on Rise Hill.
Wood was recently in the employ
of James Ballard, a sawmill owner,
near Ivy, this county. Over week
ago the negro was rebuked by Wood
for some carelessness abut the sawnll
shanty alteration ensued. Scott
was worsted in the scrap and left the
shack. In about half an hour. how
ever, the negro returned, and While
Mr.. Wood was looking over some
bread in the stove, hurled stone
through the window and fractured Mr.
Woods skull. nearly severing the ear.
Mr.. Wood was a man of splendid
physique, and like his father, the late
Davis Wood, was found dead under
circumstances leading to the belief
that he had been murdered and placed
on the tracks Of the Southern Railway,
near Hickory Hill, this county, was OF
violent temper when aroused. Be-
sides his mother, he leaves eight bro
theirs and one sister.
Three of the Wood Brothers, Harri-
son Hunter and Raleigh,-started yes
terday afternoon in quest OF Scott,
who resides near Carriers Ridge, IN
the southeastern part Of the county.
Each carried a shot gun and vii!
force the negro to surrender on
sight. S. l.. Scott, brother OF Rob
ert, was placed under arrest yes
terday and lodged in the county Jail.
He saw his brother throw the stone
through the shanty window.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1912-11-23
FINED IN HIGHER COURT.
3. /: Government Representative. Dc
ciares He is indicated.

Newport News, Va. Nov. 23.-AftcI
= rial lasting two days. the jury i:
r., case of Joseph J. Zarza chancellor
!, The Cuban consul's Office here, whc
W. rnarred with assault and battery
,,..,n the nerson Of Mrs. Charles +
p.o,yr wife Of = prominent draught;.
,,,or Thursday afternoon, returned {
,.-r,,;.t Of o1iitv and fixed his punish
mi at > fine Of s.. The verdict was
. ~omnromise it is said, as five Of the
o. ron Juror, thai heard the evidenc,
,,,ra fo, srooi,aI The other two
), ,,..o,.o. wore ondurate and to pre-
,,, b,,m iurv > fine Of IS wa.
a~rced unon.
The case came before The jury 81