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Show ' v i THE CITIZEN 14 The Bully Boy group embraces twenty-two acres, on which there has been I expended to date in development work around $200,000. Gross production of lead, gold, silver and copper ores to rillllllllllllllllllllllll""",",IHHIIlHHmm"IIUIIIIIIIIIIIIIHIIIHIIIIHIIIIIIMHimUIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIUIIIIIIIIIIIIIHIIMlMIIIIIIIMMIIIIIIMIIMHimill. date has about offset the money spent in transaction e wei made, a unique GEORGE GRAHAM RICE IN THE for exploratory purposes. Some of the Salt Lake mining stock history. ores shipped have yielded as high as SADDLE. beinterests the will be recalled it $3,000 to $4,000 a ton in such metals. five about hind the Bingham-GalenThe Bully Boy is being actively operIt was common gossip in Hotel Utah years ago, made an offering of Emma ated at present and now has ready for corridors yesterday that former Gov25 at stock cents, Copper Company shipment to the Midvale smelter a carernor Spriggs of Montana and Mark and firm of brokers through the same load of ore in its bins. The old Bully Hewitt, who hails from Butte, and who the stock, within eighteen months Boy company had a capitalization of is associated with Governor Spriggs as at a market found ready thereafter, 500,000 shares which sold to 25 cents a mining partner, owning and controll$3.50. The rise came on the heels of a share each. ;! ing the Jib mine near Butte, have sold the news that the faulted Old Emma Active development work is being to a group of financontrol of About located. been ore body had prosecuted on the portion of the New cial Interests headed by George Gra$300,000 was shipped from the mine York Bingham which is held by the ham Rice. within a few months thereafter. Then Bingham-Galenunder lease and bond, About 200,000 shares of Jib stock it was discovered that another fault payments on which have already been was not long ago placed with a Salt had aagin cut off the ore and a premade. The New York Bingham was Lake syndicate of bankers at $1.50 a cipitate drop took place. Discovery of formerly known as the New Utah is Another it Emma 200,000 the faulted ore shoot in the Old share, reported Bingham, the shares of which comshares of Jib stock, sold in London, was entirely due to the efforts of the manded a price of one pqund on the of at a around share. Rice force $4.00 Graham geoloEngland, George London stock exchange. This is equivon The mine has been reported by gists and engineers which at that alent to about $5.00 a share in Amerienseveral of the best known mining time included H W Tur.ner of San can money. gineers in this country and Europe. Francisco, J. J. Beeson, now of Salt The last official report , it is said, Lake, Charles S. Herzig, Arthur Perry The United States Mining, Smelting showed an immense ore body blocked Thompson and George Farish & Refining Company is associated with out down to the with level, to the extent of the Bingham-Galen800.000 tons or more of silver, gold It is announced the Bingham-Galenholding an interest in two of the claims and copper ore, valued at $18 a ton, in in addition to having at its beck and included in the consolidation plan. The sight. Officials stated that the ore call the services of Captain Brenton, two concerns are further associated by shoot was continuous over a distance who won his first big laurels in a five reason of the Bingham-Galenholding of 2,500 feet, and mining men of exdeal in Burma, India, million mine operating rights through the Niagara exC. be ore the Herbert of Jence that in may the while say employ pel tunnel of the United States Mining, a to in at commerce of to least of depth persist pected Hoover, secretary Smelting & Refining company. This 5.000 feet Hardings cabinet, will also have on tunnel, the extension of which was beEighteen miles away the Anaconda its engineering staff two noted geologun in 1890 by T. A. Frankling, has a nation-wida renown. of to mine- has already been proven gists total length of about 7,000 feet, and been has The Jib feet. of 3,600 depth through it and tributary workings the 500 exthree of a feet to by The Bingham-Galenproven depth property United States Mining, Smelting & Reat shafts and has drifted on the vein tends in a southerly direction a disfining company has developed its Jorfive intermediate levels. The company, tance of about twro miles from the dan and Galena portion of its property. it is said, is about to make a shipment south side of Bingham Canyon. It emThe tunnel has thus far penetrated the of forty cars of ore to prove up the braces thirty-fiv- e fifteen and patented Bingham-Galenproperty in a southeraverage grade. unpatented full and fractional claims, ly direction a distance of about 2,000 and is A $300,000 smelter projected aggregating about 500 acres. The east feet from the north boundary line. The will be erected within the next six or and west boundaries are irregular in face of the tunnel in the Bingham-Galentheir northerly and southerly courses, eight months has a depth of about 800 feet from deal It is said that after closing the the property having a width of 1,000 the surface Th.e tunnel is equipped George Graham Rice turned over a cerfeet at the narrowest point and 3,000 wTith from 40 to 20 pound rails and is tified check for $50,000 to confirm the feet at the widest point. electrically lighted. Ore cars are transaction. hauled through the tunnel by means is a consolidaThe Bingham-Galenof a compressed air locomotive. in noted engineer Captain Brinton, tion of three widely and favorably a known properties of the Bingham discharge of the Jib mine, has accepted A brief summary of lead smelting position as consulting engineer of the trict. It holds deeds to the Silver and refining in the United States for Bingham:Galena. Mining Co. The Shield property and the Bully Boy the years 1914 and 1919, issued by the -Galena consolidated with group and has a lease and bond of fa- census bureau, shows Utah with three recently the Silver Shield and five other proper- vorable terms on a portion of the New smelters operating in each of those ties, making a compact group with side York Bingham. The Silver Shield, years. The value of the products was line along the ground of the United with an area of 180 acres of patented shown to have increased from $21,752,-00States Mining Companys property for ground, 300 acres of unpatented land, in 1914 to $27,518,000 in 1919. f miles. and water rights that yield at present a distance of one and also adjoins the an income of $600 per annum, has proThe Bingham-GalenDr. Earl Douglass, geologist of the sf.eam-shovpit of the Utah Copper duced to date around $250,000 in lead, Carnegie Institute, has made a partial Company. and ores silver gold, copper .Expendireport as the result of his visit to the R: E. Miller, head of the Intermoun-laitures for development of the Silver Hill Creek dome in Uinta county iu of is president Milling Company,' Shield shares have an established reccompany with former Senator John H. . the Bingham-Galenord high market price of $1.50 which, Wootton, president of the Hill Creek on the 300,000 share capitalization of Oil & Refining Company, and Engineer An offering of 200,000 shares of the company, gave the property a Goge H. Short, director of the comBingham-Galena- , the made value of $350,000. The old Silver pany .The belief is expressed, in ef. during & Co., memasShield stockholders paid fifty-fivweek by fect, that the Hill Creek structure is an bers of the Salt Lake stock exchange, sessments aggregating $1.60 a share, immense oil reservoir. at 25 cents a share, w'as which, with the record high market several times and this despite the price of $1.50, makes a total of $3.10 a It is stated that from 140 to 150 tons announcements no share. fact that published of ore Ip being treated daily at the new MMUMMWMi.MMMMiMMiiiMlnlimilliymiNllliMimilllimiillWmiMIHHIIIWIMIItHIIHIHIIiimilHHHIIMmillllHIIIIHHIINIHHinillHImHfHHmiMIIIIHHIIIMIHimiM Weekly Mine and Oil Review a, this-min- e - a . 500-fo- ot a a, a e a a a a . Bingham- 0 one-hal- a el n a Child-Barcla- y e over-subscribe- d milling plant of the Tintio company and that there his great saving of values in ltid a as silver and copper. As result! the settlement of its tax dispute J : the government, the amount of iaJ :A tax to be paid by the company t0pi four years from 1916 to 1919, inclusjj originally estimated by guvenaJ ' tax officials as approximately $36oX) has been reduced to $84,021, accoijy h L : to E. M. Allison, a member o board of directors. Stoping operations have been ed on the new ore body on the inf level, and from all indications a t&E respectable tonnage can be dratl from this part of the mine. Also tfef is a new find on what might be caflj the 1,000 level of the mine, althoiJP this ore was opened but recently has been followed but a short distant . . duct i At the property of the Pinton Qu$ Mining company, of East Tintic, work of sinking a winze from the level has just been started. The pofe selected for the winze is about 800 $! from the main shaft. The loose form; s tion which encountered in tli shaft stopped sinking several month! ago and led to drifting on the 800 lev where the showing has been satisfy! tory, but realizing that greater depS1 is needed the management decided go deeper with a winze, wrhich is ini erv solid formation. J ifIn W lea lib qtie tie w-a- -- mei wh j con of, tc file J it th THE MINING SITUATION. The cessation of copper produette is now practically complete. The von; Me wq 4 I der is that production was kept up fe such a long period against a faille market and greatly, increased costs, bj eluding supplies and wages, at eveij. . tii ga T turn. th The situation is one which conli; only be aggravated by further delay.; so that the shutdown, while it impose; a temporary hardship upon the iudu! try, is the. only effective means of hast ening the time when copper properties, may be operated upon a paying basil Operation at a loss could not continue, .w in b it , indefinitely. Just now much industrial unrest has1 been avoided by the policy of paying copper, employes on a basis of while selling their product for a little, more than half that amount, rathe than force a lower wage upon the, worker, is hard to say. The eccnomt situation w'hich has forced a shuidowi will bring home to the worker the nfr. cessity w'hich faces the operator of lo. ering labor cost before production css be continued. Silver, lead and gold mining ai e tak ing on new life and the Pittmfi , w'hich is encouraging the Americ miK ver miner at not a pennys cost o the taxpayer, has really been a lif saver, ba! for the western metal mines. enabled many mines to operate n count of sales of silver taken fro their other ores. Thus thousan Is o( workmen have had employment w'ould otherwise have been idle, tras-ures of a similar character are ' reconsidered to encourage gold pr j ; 20-ce- th nt j ! : ad-1- j |
