The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-06
ATLANTA HAD HARD
QUESTION TO SOLVE
Development of Mine Was
Attended by Many Very
Difficult Phases.

Secretary A Fl. Howe of the Atlant
has addressed communication 10 Tn
shareholders giving a detailed account o
property conditions and company affairs
This statement here follows in full:
The directors of the company are
deslrous OF advising stockholders, in
formally, OF the company's status and
future plans. Conditions during the
past year have been such as to pre-
cludc the issuance OF a formal an
nual report.
AT the time the present manage
mcni assumed control Of the com
panFs affairs, one year ago, the be-
lief prevailed that ore existed at
depth IN the property OF the Allan
"a. TmS belief became Il convic-
IN neighboring properties Soon after
tne election of the present board of
directors. our manager. *. M Simp-
SON made careful Namlnation into
all the conditions affecting the At
lanta. and reached the definite con-
clusion that ore bodies known to ex-
list in neighboring properties would
not be encountered within the terri
Tory or the Atlanta at a depth less
yolving exploration from the sur
race to this depth was obviously far
beyond the means of the Atlanta.
notwithstanding the fact that the
company had 100000 in its treas
ur}s At that early date the manage
ment entertained a notion that 1t
might be feasible to explore tho
ground of the Atlanta at the requisite
depth. through the workings Of the
Goldheid Consolidated Mines company
from the deep shaft on their Grizzly
Bear claim adjoining the Atlanta
OH the northwest, and an announce
Inent of such an intention was made
by the undersigned IN the public
press.
a careful examination OF all the
justified the belief that a less ex
pensive operation could be conduct
ed from the shaft OF the Goldfield
Merger Mines company on their ST.
Ives claim. contiguous to the prop
erty OF the Atlanta on the north and
east. ~ that time the Grizzly Bear
SHAFT had been sunk to a depth of
1900 feet and the Merger shaft TO O.
depth OF la00 feet. The management
became satisfied at the outset, be-
yond doubt, that any expenditure Of
money in an effort TO explore its
ground at any depth above 100 feet
would he utterly wasted, hence no
ing plan could be developed for the
exploration of our ground at the
requisite depth through the Merger
shaft.
lue pan Hn9Ily adopted "nlcn 1S
now being avalled Of Is 70 sink the
Merger shaft from the HOO level TO
the 1850 level and, at the latter
depth. to crosscut into the Atlanta
ground, distant from the shaft about
500 feet to the point at which we
have reasons to believe a strong min
eralization will be found. The eX-
pense or sinking the shaft from the
1900 level to the 1850 level. and cross
cutting to the Atlanta line, is being
shared by the two companies con-
cerned. since II is mutually advanta-
geous. Our proportion of this expense
Will be So. 900. The expense of nee
essary lateral work performed ex-
ciuslvely in Atlanta ground will be
borne wholly by this company since
II alone will benefit therefrom: and
ii will be readily appreciated that this
expense is necessarily an indeterml-
nate quantity at tine present time
In the event that q. commercial
ore body is found, suitable arrange
ments will be made for the eco
nomcal handling OF the ore but
stockholders may feel assured that
whatever the result may be of the
explorations now being conducted, the
work. necessarily OF great magni-
tude. will have been performed With
the least possible expenditure, When
The Merger shaft has attained the
depth desired. namely, 1850 feet, a
thorough and extensive system Of
development of our ground Will he
conducted from this level and the
entire area In which ore is likely to
be found will be carefully and thor
oughly proSpected.
Work started In the Merger shaft
on December 90 1912. and at the
present time the shaft he's attained
a depth OF 1850 feet,