davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
ELECTRIC PLANT FOR
OLD FRISCO GROUP
Recent Purchase of Federal
Company to Be Put in
Good Order.
Special 10 Tho Tribune.

| Special 20 Tho Tribune.
WALLACE Ida, Feb. 3.-The Federal
Mining company plans tho rejuven tion
OF another old Occur d'Alcne producer
This timo IL is the famous old Frisco
property. ono OF the earliest big mines
Of the district from which several mil
lion dollars in dividends were extracted
in the early days. and which was aban-
doned when the quality OF Its ore under
the old methods OF concentration ceased
10 nlalse It's working profitable.
The Frisco is situated at Gem. less
than four miles from Wallace. UP Cam
Ton creek, and about three miles down
the euicb from Burke When the COM
pany was organized in the eighties 1t
was known as the Helena Frisco COM
pany' and was operated for several
years very prottaoly. Later, under new
was called the Frisco Consolidated and
enjoyed another period OF profitable ore
extraction. About fifteen years ago the
coinpany's ground was again added TO,
name OF the Frisco Mining & Milling
company for several years, adding ma
terlally 10 the property's dividend rec
ord. The property has been lying idle
for about ten years.
The Frisco was worked TO a depth OF
$500 feet. and II is said that the cost
Of keeping the mine clear Of water pro-
hibted the attainment OF greater depth
at profit The Federal company will
begin Immediately TO unwater the main
workings. Whether this work Will be
merely experimental or the beginning OF
campaign TO add another tributary TO
the Federal's dividend source is not
known, but ii is said that orders for cleo
trlcal equipment have been placed to
suDplant the steam plant with which the
property was formerly worked and which
is still in seryiceable condition.
The rehabilitation of the Frisco will
Undue new LIE in what was at one time
the busiest spot in the Occur d lAenes.
but of recent years only cluster of va
cant shacks and mine buildings with
boarded windows Gem was placed on
the map when the old Gem was opened
in the early days OF the district. Later
the Standard, Black Bear and Frisco
came into eXistance. and the combined
dividend disbursement OF the Gem mines
totaleo many millions The Frisco
group now embraces the Black Bear and
Gem properties.
The Hecla Mining company paid its
one hundred and fifteenth dividend on
January %. The sum disbursed was 500
900. or cents a share, bringing the
total up TO $3.50. 900. This is the COM
pany's first dividend IN 1915 During
1912 the Hecla paid 100000 or 80 cents
a share
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Mill Arrangements.

From communications from stock
Joldete, IL is apparent thai many OF thcm
company's spending so much tims and
money on milling plant with 20 little
return on the investment to date II is
explained ae follows: For every ton OF
ore now disclosed In the Poloverda mine.
which Is high enough grade to mine and
ship directly to smelters. there arc at
least twenty tons OF low grade material
which cannot be profitably handled ex-
ropt In MIL. Unless q means OF get :
ting profit out Of the large deposits
or low grade ore Is devised they are
worth absolutely nothing 10 the company
or its stockholders. The Jumbo Extsn-
IN f3s treasury 20 develop the mine 20 its
run extent and then 10 build a mill The
only manner !n which a success of the
enterprise could bs made was 10 procure
milling facilities ct the least possible
initial outlay and then demonstrate te
whether or not this low grade ores could
be proftaoly handled. I, must be re-
Inemoered that no attempt has hereto
Tore been made In this section to mill
ores OF the character occurring in the
Poloverda mine. Your company is =
pioneer IN the enterprise and has had
1nnumsrahle obstacles 10 surInoInt Tha
~ has surmounted tile. obstacles is now
apparent, but II has taken practically all
or the time UP TO the flrst OF this year
10 DO 40. and In the meantime It has
been necessary 10 forego profits and TO
spend large sums Of money In deyrIor,-
nlent and equipment
AS matter OF convenience and econo-
my, separate corporation. known as the
Jumbo Reduction company, was formed
70 mill the Jumbo Extension ores The
Reduction company Is capitalized al $40, =
600 and it's stock Is all owned by the
Jumbo Extension company The officers
OF both companies are the aaIne The
mill Is held under lease for one year
from September I 1872. by the Jumbo
Reduction company. The rental being 80
cents per ton mllled. The plant is To-
Gated at Eonnie Clare, thirty eight miles
south Of Scdheld. and ore is transport
ed from the mine 10 the ;uIll by the Las
Vegas & Tonopah Railroad company. al
a coat Of so rents per ton. Tho Reduc-
ton company pays all expense Of trana-
portetion, rental and milling and charges
tho ExtensioD company fiat rate OF 8;
per ton. The profits OF the mill will FIRST
bo devoted tn the liquidation OF The
amount advanced 10 the Reduction COM
many by the Extension company The
advances up 10 January ]. 1919. amount
Cd TO sle. 1913. Tie earnings OF the
min have been s12.t34.64. leaving a bal.
sncc of S702023 This balance will un-
doubtedly he paid within month from,
date, and thereafter the profits accumu-
lated by the Reduction company viii be
declared as dividends and paid TO the
Extension company"
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
WHITE CAPS MERGER
is NOT CONSUMMATED

AZ the special stockholders meeting OF
the White Caps Leasing company OF
Manhattan, held in Tonopah late last
week, the deal Tor consolidating with
the associated Milling company could
not be considered owing to the absence
OF the necessary number of shares. To
put the deal through necessitated that
the Affirmative vote would have had to
be 500 shares of stock, and there were
only 473, 900 shares represented.
The notice calling this meeting eH-
planned the stock end OF the deal as fol-
lows
That a new Incorporation be formed Of
100000 shares non -assessable capital
stock That from this company the DeX-
ter White Caps Mining company be paid
I77723 shares TO exchange for the pres
ent outstanding stock of the company,
share for share. That for the total
equity in the White Caps Leasing com
pany $50. 900 shares be apportloned
Following thia plan. the new company
will have SI2.277 shares left in Its treas
ury. 10 be used In the purchase OF ad-
joining available properties and also to
equip large cash treasury fund from
sale OF treasury stock, the carry on eS-
tensive mining operations.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04

During the past year there have been
Of the tons oTass OF vs1 ore shipped 70 sme!ters
ner ton or this. 1914 tons was COM
parsttvely low-grade material, running
less than $50 per ton, shipped before the
mia tnna was In complete operation. But 81
intended to ship direct to smelters has
peen extracted and shipped The COM
psny received S5049.76 for this ore. show-
ing marketing expense of s1i per ton
me faot that the main tonnage fn the
mine was composed of ore averaRine
soout - per ton, that forced the com
Dang 70 att. secure milling facilities. Re
cnre better rates. but thus far without
success. In the meantime no efror, bes
peen maze to mine the higher grade ma
tei1sl- Only such as has been encoun-
tered and must be removed IN or5er 10
continue the other work has been ey-
tracted; Ore Of shipping grade is now
exposed at three points. but its extent
mas not been determined, nor has any OF
u bsen mined. for the reason that much
better rates are looked for and for the
inrthsr reason that to mine IL at this
Iune would greatly interfere with the
deVeloprnent work and mining OF mill ore
now under way.
The ore mined and miiIed up to Janu-
ary l. 1919, amounts TO 323o tons and
ing 70 mill heads. The mining cost is
19.E per ton for both milling and ship
p1ng ore. There Is spproxima teiy 1000
IONS Of broken ore which has not been
shipped al the present time. SO that the
cost OF mining ore Of milling grade will
not exceed 81 per ton.
The low-grade slopes above the sec
ond level have produced about Is per
cent or the milling ore, il having been
found iTpracticshle to mix any consid-
cradle quantity OF the higher grade ore
with the low grade in ordor TO increa Sc the
values, since by so doing the extraction
of values at the mill was seriously
hsmpered.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
ALTA CONSOLIDATED
GETTING INTO DEPTH

Reports from Alta on Monday were
that the Alta Consolidated company has
one foot solid Of frst-class ore IN the
winze from the tunnel level, and that
the entire bottom contains mixed ma
terial which looks as il il might make
into shipping grade at any time. This
wlnze is following the vein 10 the con-
tact, and 1t was so located as to bring
tho contact TO view with the least possi
bic delay and expense.
Ore shipments are now being made
from the property. and regular ship
ments should be kept UP from now on
unless weather conditions should happen
to be more severe than is now sntici-
pated.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
JUMBO EX. PLANS
STEADY DIVIDENDS
Year of Expenditures and
Small Income Necessary
TO This End.
MILL PLANS EXPLAINED
Company Found 1t Possible
to Lease Plant Instead
of Building.

The official promise OF early and rcgu.
lar dividends on the part OF the Jumbo
Extension company brings this Goldr'eld
proposition TO the front for as is well
known. this company during the pas,
year wee one OF the largest spendors on
new equipment and ono OF the big pro-
ducers Of ore OF Goldheld. Copies of the
annual report are being received In
which the affairs Of the company are
set forth In complete detail. The finan-
ciaI statement follows. with the follow
ing explanation:
The past year has been one OF large
outlay and little income. Nearly all OF
the mine development, much OF its equip
ment and all of the remodeline OF the
mill and Its equipment has been paid
TOT within the past ten months, The
following statement shows the distribu-
ton OF expenditures:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Mining Nofaa

The weakness In tho east of Ohio Cop
per Monday was stated to be due &c
public selling. lack Of inside support and
10 tho policy OF silence pursued by the
officials. One report had II that no au-
nual report would be issued this year
The 1912 earnings OF the Anaconda
Copper company are Estimated AK SlS,-
600, 900, while the per pound cost OF cop
per production is about 10 cents, against
ei cents last year. The increased cost is
due to higher wages paid and TO in
creased expenditures in equipping tho
various mines.
During the quarter ending December
81, 1912. the Goldneld Consolidated COM
pany treated 86,294 dry tons OF ore, the
total value OF which was 81, 255. .7S2. The
coses were s5to.24s. leaving net profits
for The quarter OF sT46 6S4. This ,s at
the rate OF s2.982.lSs per anuum. and
there are outstanding S.559.14S shares OF
stock,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
CHINO COMPANY WILL
MEET IN FEBRUARY

The latest Information In regard TO the
meeting OF the directors OF the Chino
company for dividend purposes is that
the board will meet on February 2S. and
the directors Will Ia all proba blnty de-
termine upon the profits to be shared
Shareholders naturally hopo that the un-
certainty surrounding the copper mar
ket Will have been sufficiently dis
PEELED by the date OF meeting so that the
original mark of 81 per share per annum
can be set as the 1918 basis.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
PRINCE REGAlNS A
BIT MORE STRENGTH

Assurance that the Prince Consolidated
margincd stock had been safely deposited
In the hands of trustees FOR u period OF
six months, brought a good many sup
porting orders into the local market Mon
day, and the stock sold UP to as high as
IS cents share. where IL closed the
day, II was much brighter day all
round, large number OF stocks being
more active than usual and ranges held
well. There We're sales for 2i.Il0 shares
during the day, the market value OF
which was s550f 90
The following We're the closing trans
actions
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
SOUTH UTAH OPENS
NEW COPPER BODY

Reports from Newhouse are 10 the ef-
feet that at several places on the 900
foot level the South Utah company Is
opening fiTst-class body or copper ore,
and it givos promise Of going to the sur
face. The body is Of q sufficient size
on the 500. also. to lead TO the conviction
that it will go down strong.
II would be a peculiar yet. welcornS
twist Of fate SC the South Utah could
open an ore body OF sufficient merit To
pormt rcmunerative operations TO be
carried forward where. TO date, there has
becn nothing bur failure.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
SHEEP ROCK VALUES
RUN TO ATTITUDES

According TO the Beaver News, the
Sheep Rock property Is showing what
has every appearance OF being a first
rate ore body running $500 per ton In
gold. Too bad the Sheep Rock Is not 10
cated In Nevada, for following the news
or such a find would transpre a STAN
pede, putting the Rochester boom with
Its surface ores into the deepest shade
Such discoveries, however, seldom Gre
ate much notice IN Utah. Tney usually
are too near home
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
WORK IS
TO COMMENCE SOON

Tho Park City Record states that de-
velopnent WORK oil tho Comstock prop
erty in Thaynes canyon Will be resumed
ton. It Is planned 10 send the shaft from
the 700 TO the 1000-foot level and to
elcctrlfy the equipment. The Constock
has been an old producer, it is spleudidly
located. and Park City looks with much
satisfaction upon the determination TO
give this merltorious proposition an
earnest campaign OF deep development.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
TciIs a Foul Plot.

When a shameful plot exists between
liver and bowels to cause distress by re-
using to act, take DR.. Kings New Life
Pills, and end such abuse Of your sys-
of stomach, liver and bowels, and re-
store your health and all good feelings
25c at Schramm johnson, drugs,
lAdvertiaement).
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Ore Shipments.

Tho Utah Ore Sampins company on
Monday deceased ten cars or ore from
Utah, ono car from Idaho and two cars
from Nevada and California camps.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Ore and Bullion.

The ore and bullion report for Mon
day, given by Mccormick 81 Co, was as
follows: Ore received, $4,000; bullion
shipped, $4,000; total. $4,000.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
MONTREAL HAS LARGE
AND RICH ORE BODY

The latest reports from tho Montreal
group In Beaver county are to the ef-
feet That for a length OF sixty-ive feet
the new one body has been opened for
a width OF between forty-flve and f1fty
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04

feet Cariot shipments range from o
to 10 per cent copper, with sold and sill
YER values as well Over four cars a
week ore being shipped TO the sInelteTa
Thirty tons daily or moro are being OK
tracted in development work.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Metal Marx et

The metal quotatonu FOR Monday. post
ed by Mccormick & Co, wore rs Col.
lows; Silver, 62sc: lnad. s4,S5, copper
S16.7fs.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Disbursements,

Boston Mining Stocks.
James A, Pollock & Co. bankers aud
brokers, furnish the following. received
over their private wire yesterday after
noon,
BOSTON COPPER RANGE.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
New York Mining Stocks,

James A Pollock & Co. bankers and
brokers. furnish the following, receive ed
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
ELY CONSOLIDATED
FINANCIAL REPOR [

The Ely Consolidated Copper company.
in complying with the Nevada law on
publicity has made the following inan-
cal statement for the year ending on De-
cember 81. 1872:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
San Francisco OIL Stocks,

James A. Pollock & Co. bankers anc
brokers. furnlsh the following received
over their private wire yesterday after.
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04

The Wants are effectuaai saors. = -
securing roomers ,!a or Oeatisss eeasesass
cacing servants, tsa tssar;ng losi =
Household goods; resto,,se avs
and in many othor "'s'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
NEW YORK CURB CLOSE.

Nevadas III San Francisco
James a. Pollock q Co. bankers and
brokers. furnish the following. receivnr
over their private wire yesterday after
noon:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04

FORENOON SALES
BecIe Tunnel, 1000 ct ssc; 1000 at Zoe.
Slack Jack. 100 ~ l3c.
Cedar 1'alisInan. 1000 AZ TIC.
Crown Point. 500 at 3ic
DAILY. 600 at 81 90.
Iron BLOSSOM. 1850 at S127i
Iron King, $40 at he
May Day, 1900 81 1Ttc
Opohongo, 1000 at 53c
Prince Consolidated. 100 at sic: 100
at 85c.
Victoria Consolidated, 100 at SIC,
Yankee 500 ut lie.
Shares sold, 1850
Selling value, S2Ie5 30
OPEN BOARD.
Beck Tunnel 5000 at iOc.
Cedar Talisman, 1000 at llc
Iron Blossom. 500 at 81 275.
OpohonSo. 1000 at Sic.
Shares gold. 1000.
Selling value. SG63 %.
AFTERNOON SALES.
Black Jack 500 at 12c
Prince Con, 800 AT S6c; 100 a SIC: 200
al sSc.
Uncle Sam, 1000 at l3c
Utah Con, 1000 at ilc.
Shares sold, $500
Selling value. SS2S
OPGtN BOARD.
Black Jack. 1000 at loc
Eastern Prince. 1000 al &c
Iron Blossom. 500 al $50
Ohio Copper. 80 at Soc.
Shares sold, 1850.
Selling value. s21A5o.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Receipts.

Cash on hand Jan. I, 1912. 500. 80
Received from assessments. oS,S6 so
Received from other sources. l6,30S h3
Total ........ ...........s $50, 775. 10
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-04
Financial Statement.
Mine Development.

564 .307 SS S 81,
The report, in part follows;
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-03-29
BRANDS OMNIBUS
BILL AS VOID
Mann Makes Starting Decla-
ration That it Really New
er Passed Congress.

Washington. March o9.-That the
public buildings bill authorizing an
expenditure of nearly $4,000. 900 was
really never passed by congress-, all
though it was sent to President Taft
in the closing hours Of the last con-
gress, and signed by him, is the as
tonishing statement made by Repre-
the republican floor leader. The bill,
in Mr.. Mann's opinion, is not in fact
a law because the house and senate
failed to agree on the report of their
conferees.
The republican leader. by reference
to the Congressional Record, follows
the devious paths Of this bill on the
last night Of the siXty-second con-
gress. March S-4. and shows tina.
through an apparent oversight only
a part Of the conference report was
accepted by both houses.
This bill was the real reason for the
vote against two battleships. The
navy men preferred public buildings
to national defense. and the method
by which the bill was railroaded in the
closing hours Of the session is pointed
the feVerish haste Of members to get
their public building appropriations
through.
Speaker and President Pro Tenn
justified.
"a bill is not finally passed." said
MIR. Mann. until every part Of 1t has
been agreed to by both the house and
senate: that is. there must be a COM
plete agreement between the house
and the senate as to every part of the
bill. including action on every amend
ment which has been made by one Of
the houses. While the speaker and
the president pro tempore of the SEN
ate were justified in signing the en-.
rolled bill and certifying it as having
finally passed both houses, acting
upon the statement Of the committee
on enrolled bills. yet they acted upon
an error. and their certificate that the
bill had passed the house and the SEN
ate was not according to the facts.
The certified enrolled bill was sent
to the president and approved by him.
but as the bill had not in fact finally
passed both houses, all Of these ac-
tions were illegal. and the public
buildings bill Is no more valid in case
1t be attacked than any other writing
which should be certified and sent to
the president for Signature as an en-.
rolled bill without ever having passed
through either house."
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-03-29
MEX1CANs RIFLE MAIL

Los Angeles. March ga report
was received here today that United
states mail from Los Angeles had
been taken across the International
line at Nogales. Ariz., and rifled by
Mexican rebels.
w. H. Harrison. postmaster here,
telegraphed to Postmaster General
Burleson at Washington request
that the >postoffice department make
an investigation. The report was
given to Postmaster Harrison by Fer
nando Base. Mexican consul here, who
said he had received his information
through a telegram from the Mexican
consul at Nogales.
Under orders from the postoffice
department at Washington, mail de-
stined for Mexican points has been
held at Nogales three weeks, while
the postal authorities were waiting for
an opportunity to turn it over to off,
GERS Of the de facto government.
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-03-29
BIG COMPANY ESTABLISHES PLANT
HERE FOR UTILIZATION Of PRODUCT
Northwestern Paper and Fibre Company Will Engage in
Manufacturing Pulp That Will be Used in the Pro-
duction of Fine Linen and Bond Papers.
ALREADY ON THE GROUND MAKING PURCHASES OF
STRAW FROM FARMERS; OPENS new POSSIBILITIES
Concern Will Employ Forty Men and Begins Operations
Soon-Site Secured and Machinery Ordered-Valu-
able Addition to Grand Forks Industries.


Grand Forks is to be the home of neu, n,nr.
featuring industry that bids fair be one of the most
important in the state.
1t is the manufacture of paper pulp from flax
straw and the plant will be in operation within
short time.
The Northwestern Paper and Fibre companv. or
ganlzed under the laws of South Dakota with head
offices in Chicago and with capitalization of slOO
ooo backing the enterprise None of the stock is for
sale. ~
The plant will be located OIL the site of the Beach
Manufacturing company, which recently has work
ed out other plans for the manufacture of it's pro-
duct, and already considerable flax straw which will
be utilized in the manufacture of the pulp has been
purchased and is being hauled there
=, employment for forty men will be provided by
the factory-operatlng day and highland in add-
ton to the local business benefit, it will mean new
profits for farmers within big radius of the city,
opening market to them for flax straw heretofore
practically waste product.