| Show Silver King Consolidated is Now S SS i S Producer of Material I Proves Th That t Portion of Its Estate Outside of Those Mined by N Neighbor Contain Resources of Kind That Has Made Park City District Famous Prepares for More When Solon Spiro and associates first set up the contention that the group ot of claims owned by the Silver King Consolidated Mining company contained ore bodies as extensive and andas andas as rich as any of those which have made the Park City district famous as asa II a bonanza camp their presumption was In certain quarters denounced as asa asa a species of Insanity When they went further and claimed that the SlIver Silver KIng Coalition Mines company had by secret workings entered ground jointly by the two tw Silver King companies and had extracted there from and more ot of the rich was denominated blackmail pure and simple The tact fact of the surface ot of the Silver King Xing Consolidated group being nt at a much higher elevation than the sur surface face of the Silver SUver King Xing Coalition group waa pointed to as conclusive evidence that even It if the ground ot of the former cont contained ore bodies they Would lie at such ilch extreme depth as to render working asking w them impracticable Du Bu Mr 5 1 Spiro from a close study of the gee geal ogy ot of the region evolved the slon sion that the horizon ot of the ore bodies In Consolidated ground was at an ele which with the higher altitude ot of the con conclusion elusion Which has since been borne out by the finding ot of bodies of rich ore not only on the level of the Consolidated mine but at an even shallower depth In property yet further north and at higher elevation Expensive Work Required d But before this demonstration had been brought about Solon Spiro as manager ot of the Silver King Consolidated Consoli dated Mining company had for tor several years to bear the shafts ot of ridicule on account of having fathered what was believed by many practical mining men to be the most visionary project Imaginable It was known even by him and hIS backers that at least 1500 feet of sinking and a great deal ot of drifting must be done before results could be expected and to accomplish that work In the face or of the most meet vie lent op upon one side with rid ridicule from a all sides and finally with witha a financial panics panl to tie up tip funds which had been to on the Work I IC C entailed hardships whIch would have broken down anything but a dauntless spirit t During the closedown ot of several mouths months necessitated by the operations ot of the panic panle something occurred how however however ever which performed an Important part palt In giving the Silver company a new lease ot of life lite For some time before the mine was closed work had been seriously Inter Interfered with by a strong flow ot of water In the lower workings When Mr Spiro went to examine the mine with the view of resuming operations anticipatIng Ing that the purchase ot of more powerful pumps would be required to the mine and handle the flew flaw his sur surprIse price prIse may be ImagIned to find that the workings were entirely dry To form a conclusion as to what had happened required little Investigation The fissure through which the water flowed must have been tapped by lower workIngs Mammoth Stops Is Found When the Silver King Coalition man management management was accused ot of having en entered entered the ground ot of Its neighbor It was with the most virtuous s appearing In Indignation that cOUld bo be summoned that the ac accusation was denied When the matter Was Vas taken Into the federal court and underground survey ot of the Coalition workings was ordered by the court the Coalition management admit admitted ted that It had taken ore from one certain which measurements proved to be feet teet long feet teet wide and extending from the level to the level This Is In which Is owned jointly by the two companies and in extenuation extenuation fur for Its failure to make returns to Its cotenant the Coalition manage management ment contended that the ore ore had been mined without profit this despite the tho fact that good nd had been paid during the time that the mining Was WIlS eing done doi Records of o the returns for tor some seine reason could not bo be produced Another defense set up by the Coal Coalition tion company was that It should not be held responsible for the acts f Its predecessor the Silver King MinIng company although the control and management of the new company were the same as those of the old Several ot of the directors of the Coalition corn com company pany testified In federal court that when they voted for the new company to assume the liabilities ot of the old they knew not of the grounds It If any ex exIsted existed Isted ot of the claim of 01 the SlIver Silver King Consolidated company Directors Kearns and Keith who have directed the affairs ot of both the Silver King Mining company and the Silver King ICing Coalition company testified upon examination that all directors had ac access cess cesa to the mine and to the maps and records The court held that liability could not be escaped by the company having changed Its name and the amount ot of Its capitalization Admittance Ordered by Court Although the Silver Consoli Consolidated dated company owns an undivided one halt half interest In the claim from which the Coalition management admitted having a great deal ot of ore ef efforts torts forts of the Consolidated to gain ac access access cess to the workings were resisted to the bitter end When access Was fi finally finally nally gained by order of the United States court It seemed that every pos possible possible sible Impediment had been thrown In Inthe Inthe the way of the engineers ascertaining the amount ot of ore that had been taken out Steps had been caved and drifts Which led toward the ground owned wholly by the Silver King ConsOlIdated company were entirely Impassable Measurements showed however that the big was much larger than bad been admitted by Coalition C management and there was every In Indication that It had contained high grade grado ore The value of the ore taken from that one a tope it was found foundS S I must have been In e excess cess ot of Among those who have testified In inthe the suit of the Consolidated company Is James McGregor who as owner of the Magnolia mine had a like experIence ence with the tho Silver King Mining company From his testimony It was I shown that after repeated efforts to gain admittance to his own ground tram from which the Silver King had taken ore he was finally admitted upon promising that he would never tell anyone and especially Solon Spiro ot of Silver King Consolidated what lie he found there What he did find was that not only had a great deal ot of ore been taken the taking ot of which could not be concealed but that drifts lead leadIng lag Ing to some of the richest had been so that It was only by a lucky chance that their existence was discovered On account of this at attempt attempt tempt to deceive him when the most solemn prOtestations ot of good faith had been made McGregor considered that lie he was absolved from the promise he had made to not tell Spiro At Atthe Atthe the time that promise waS exacted It should be remembered Spiro did not know that he had bad a case against the Coalition company Encounters Rich Ore While the Silver KIng Consolidated company knows that It line bas extensive resources which have been drawn upon by Its neighbor probably to larger extent than has yet been disclosed It has within the last few months en encountered encountered countered resources ot of great value In Its own workings with assurance that they must develop Into ore bodies of bonanza proportions The first work undertaken by the company was the sinking of a 0 shaft through great depth ot of barren country to get Into the mineralized zone The shaft ot of three compartments was sunk to the depth of 1300 feet teet On the 1100 level a long drift was run to the southerly possessions and a was sunk from that level lovel to the depth of feet In sinking the e ethere there were encountered a series ot oA mineralized fissures the greater num number number ber of them carrying mineral In fair values Last July after a station had bad been cut at the vertical depth ot of 1550 feet a crosscut was started for the contact In driving the crosscut not less than five fissures were Intercepted the ma majority majority of them revealing ore of cern cam mercial grade But no exploratory work was done until after atter the con contact contact tact vein had been reached In that vein drifts were run both east and west and ores of high grade were encountered In both directions The company Is now fallowing one ore which carries all ot of eighteen Inches ot of galena and as much as eighteen Inches ot of chlorides and car carbonates carbonates When this ore shall have been opened B some me distance further by drifting It will be followed by raises to the contact where from all Indi Indications extensive ot of ore should be found Connecting Rich Fissures The line of development being now pursued Is that ot of connecting up the system ot of fIssures encountered that they may be followed In the most eco economical way to their source Recently a heist hOlst has been Installed over the on the 1100 level which per mite a larger force torce being worked to advantage The is II to be sunk feet teet deeper deAper to get under an ore body budy opened west of the tho crosscut which Is going down strong The Silver King ICing Consolidated Mining company of Utah capitalized for shares par value 1 a share was Incorporated In February 1908 It hay hav havIng haying Ing been a reorganization ot of th the Sil Silver ver King Consolidated Mining corn com company pany In 1902 The com cern pany Is backed by some ot of most prominent mining men and business businessmen men the board ot of directors Including Solon Spiro president and general manager William vice president president dent H P Clark treasurer G W Browning secretary Henry Cohn O 0 OK K Lewis I D L Ii Its group ot of claims comprIses approximate approximately ly 60 acres ot of ground In the heart ot of Park mineralized area Residents ot of Park City and mining men interested Interest d In the camp as well as outside experts who have seen the showing are counting confidently upon Silver SUver King Consolidated providing the next great producer In the district one one which will Impart to it new life and give it new renown L E |
