The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-10-04

|
Insured
of superintendent of the Consolidated
since November, 1910; that so far as
he knew, there were no ore bodies con-
cealed; that by reason of his expert.
ence in the district over a period OF
more than thirty years, he estimated
the enhanced value Of the Andes claim
now worth twice as much as 1T was pre-
vious TO any development being done.
He now valued this property at $780,
900.
Mr.. Mara was on the witness stand
up to the noon hour. In explanation
Of the ore occurrences in the Andes
claim since he had taken charge of the
property, he said the measurements
varied from several feet down to one
half inch He further explained that
the ore occurred frequently in punches
and of a few feet in length, and that
the ore extracted during the time that
he had been connected with the prop
erty was of good commercial grade.
Zalinsh Gives Opinion.
Edward R. Zalinski, engineer for the
Consolidated, said that he had followed
examination and development work for
a number Of years; that he had been
connected with the Silver King Con-
solidated and Little Bell Mining conf
penles, studying the geology and ad'
| vising development since 1906; that he
WAS quite familiar with the Park City
mining district and gave rs his opinio on
that a fair valuation Of the Andes claim
as it existed today, would be S51, 900.
This was exclusive Of the ore extracted,
given as $4,000.
When cross"eSamiued by Judge Dick
son he testified that there was no ore
in sight in this property that would pay
to extract at This time When gues-
| toned as TO whether OF not he would
recommend this to prospective investors
at this figure, he said in substance that
after explaining the costs incident TO
| depth of 1900 feet, including The costs
Of hosting plant ETC., he would leave
it to the prospective investor as to
whether or not he wanted to take a
chance. He said that the present mar
Ret value of the property would un-
questioDably be of greater worth to
eithor the Consolidated or Coalition
companies than any one else and that
if it could be bought undeveloped for
$4,000 or $4,000 with the possibility
of selling to either Of these companies,
lie would recommend its purchase.
Mr.. Ialinski explained that almost
all of his work in Utah had been con-
fined to the Park City district and in
the interest Of the properties with
which Mr.. Spiro was connected. He
explained quite satisfactorily the for
nation in Park City. though he became
somewhat confused when asked 80 give
formation.
Bodfish Fixes Value.
Fred V. Bodfish Of the Am ericsn Flag
Mining company was then called He
testified that be had been IN the nm
derground workings of the Consolidated
company about eight hours and that his
examination had been made September
20, 1912. As manager of the American
tied extent, to familiariZe himself with
the conditions of Park City camp. AS
result of his hurried examination he
thought the valuation of the Andes
claim as it stands today was reason.
ably worth $4,000. Mr. Bodfish made
rough estimate of work done at about
$4,000 per acre. lie became somewhat
confused when interrogated by Judge
Dickson as to his technical experience
lie said, however, that he had had prac-
tical mining experience in almost NIL of
the western states and had done some
mining in Alabama.
Why Shipments Ceased.
Mr.. Bodfsh was quite frank and when
asked as to his connection with the
American Flag, said that it had been q
shipper up TO the time he assumed the
management. Later in explanation OF
this, he said that this company had a
contract with the American Smelling &
Refining company which expired within
, short time after he took charge OF
mine operations, He said that it was
his judgment the company could better
afford TO discontinue ore shipments and
extend it's develOpmen emf work: that they
were now in r. position to make con
siderable ore extraction on more prof
, liable basis than that on which the
company was operating when he as
sumed charge.
Disagree az to Value.
There appeared to be considerable
difference in the valuation placed or
the Andes claim by engineers of the
: Consolidated company In it's presen,
state of existence. In explanation OF
3 how the various witnesses arrived al
the value Of the porperty at the pres
emit time, it appeared that most Of then
had taken into consideration the posi-
: bilities and probabilities of future ore
S development. 1t was conceded by al
that they based their estimates of val
g uation upon the existence of ore in tho
t Coalition ground adjacent to the Ande.
o claim.
D Upon the conclusion Of the examina
1 tion Of Mr., Jennings, who had been re