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Show MINING REVIEW. INTER-MOUNTA- IN INTER-MOUNTA- IN MINING REVIEW. speculation. Next month will undoubtedly show an improvement and, unless the panic howlers become too vociferous, another period of activity will set in. Devoted to the Mining and Smelting Interests of West. in the Inter-Mounta- Threats of the Shy locks. Published Weekly bt C. T. HARTE, Room 223 Atlas Block. The merciless Gold Trust threatens to strangle every business interest, to TERMS: plunge the Nation into chaos, to bring (Payable in Advance.) 92.00 down upon the One Year people such misery and 1.00 Six Months 50 distress that they will be terrorized into Three Months 93 To England, Mexico and Canada, per year, an acceptance of the single gold standpostage prepaid. ard. We do not believe the Shylocks Entered at the Salt Lake City Postoffice as dare attempt the execution of these eecond-clas- s matter. covert threats. We believe that there in the East vho posSan Fbancisco Office : 64 and 65 Merchants' are money-lendeExchange, where this paper is kept on file. Ad- sess such sordid hearts that they could vertising contracts can be made with E. C. Dake, Agent. complacently view the spectacle, of a Ernest and Cranmer whole Denver Office: people put to torture, and the Building. Money Power is a merciless monster, but its ends are accomplished by more 1896. Lake 9, Salt City, July insidious methods. They have not the courage to fight with a At this writing the silver forces are sword. They would hesitate to arouse in the saddle at Chicago. May they such a cyclone as would bring destrucover the unhorsed en- tion upon themselves, and their dreadride rough-sho- d emy, force a bolt and the nomination ful threat may he regarded as a foolish of an independent gold candidate. Thus bluff. The serene confidence of the Money will the gold vote be split in twain and Power in its ability to dictate the legissilver given a fighting chance. lation of the Federal Government is one of the humiliating spectacles' of the Mines and Mining Exchanges. present day, and thoughtful men point The mining boom is busted" is an to it as an indication of National decay. observation now frequently made by Henry Clews, In a recent circular, made the astonishing statement that no people who look upon mining exchanges as barometers of the mining industry. Congress had yet dared to ignore the The mining boom," so called, is not demands of Wall street, and expressed conviction that even a free coinage only not busted," but the industry of the and a free coinage President mining was never upon a more healthy Congress Inbasis than at the present time. This could be controlled by the same statement is not confined alone to local fluences that had been exerted in the conditions, but the story of new1 pro- past. In other words, the country ducers, enlarged output and increased would be threatened with a panic, and legislative and executive branches activity comes from every district the throughout the mining field. It is an of the Government (ntimidated. The Chicago banking house of N. W. industry that is affected to less degree than any other by drouths and famines, Harris & Co. has made a most conwars and panics, and while all other spicuous ass of itself by threatening to industries are being strangled by the withdraw its Utah investments should Gold Trust, the profits of mining are this State stand by its convictions on outincreasing. An ounce of gold will now the financial question. A more to throttle purchase double the amount of other rageous and brazen attempt commodities for which it could have a free Government could not be conbeen exchanged a few years ago, and ceived. Harris & Co., have been quite the cost of its production has been re- eager in the past to secure Utahs securities at a nremlum for their duced. Silver rules higher than for three years past and the copper mar- clients and had they not taken them ket is booming. Why, then, should the they could have been sold several times mines not flourish? Their prosperity, over to other investors. They vill be at a time when all other industries are paid in full when they mature and Utah languishing, is commanding the atten- will be glad to suspend all relations tion of capitalists throughout the with such an outfit. If this firm enterworld, and many syndicates are in the tains the idea that one vote will be influenced by its idiotic threat, its field for first-claproperties. But the mining stock exchanges sing clients should transfer their interests a different song. Stagnation has laid to more intelligent agents. hold of every speculative center, and A press dispatch announces that a there is a general slump in prices. Trading In mining stocks is largely in- gold exhibit will be held at Chicago fluenced by the same conditions that next fall and that the gold fields of control other forms of speculation. The every section of the globe will be repvolume of business is dependent upon resented. A quartz mill will be in the condition of the money market, operation, the Western roads having rather than upon the condition of the agreed to transport the ores free. Utah mines. Just at the present time no ac- and Idaho are expected to contribute tivity could be expected. The Presiden- their share, and they are certainly able tial conventions, the liquidation inci- to do it. Among the dent to the close of the fiscal year, the districts of this State are Mercur, Tin-ti-o, hot weather and the general unsettled Bingham, American Fork, Marys-val- e, state of financial affairs are causes Indian Creek, Deep Creek and sufficient to check any tendency toward the Colorado river placers, while Idaho rs 711-7- 14 two-edg- ed gilt-adg- ed ss gold-produci- ng 3 has the Boise basin, Boise gold belt, DeLamar, Florence, Custer, Cariboo, the Coeur dAlenes, Dixie, the Snake river placers and many other sections, each of which should send a good, big brick of the yellow metal. gold-produci- ng Camp Floyd Rights. The question of extra lateral rights is assuming considerable importance in the Camp Floyd district and threatens to lead to embarrassing complications. Much development work has been done without regard to apex locations, the owners assuming that the Camp Floyd vein was a blanket vein and consequently carried no extra lateral rights. Until quite recently there has been such a divergence of expert opinion as to the geology and mineralization of the district that some misapprehension as to the applicability of the apex law quite naturally arose. It is clear that the mining code was never intended to cover such conditions as are found in this district, but, with all its defects and imperfections, It is the law of the land and cannot be repealed by the courts. Those who deny extra lateral rights to the Camp Floyd locations contend that the ore deposits are similar to those at Leadville, and cite the settlement of the Leadville cases as a precedent. A large amount of misinformation has been disseminated concerning the result of the Leadville litigation. The decisions of the courts in those cases, as the reports show, were in effect that if a vein dipped In the slightest degree from the plane of the horizon, the apex location carried extra lateral rights, and it was shown that there was a dip to the vein. But these decisions did not settle the disputes, for the reason that none of the litigants could prove an apex, and therefore none of them could establish their right to follow the vein on its dip. With this condition confronting them, a great majority of the owners entered into an agreement to confine their operations within vertical planes extended downward through the boundaries of their claims. It was not held by the courts that the Leadville vein was a blanket deposit, carrying no extra lateral rights, as many people have been led to believe. In the Camp Floyd district conditions arise that have not heretofore been met with elsewhere. It is generally conceded, we believe, that the mineralized zone was originally one continuous and unbroken vein; that some displace- ments occurred subsequent to mineralization, and that numerous gulches, caused by erosion and extending in various directions, have cut through and exposed the vein. The question that seems to arise is whether every line of croppings thus exposed by erosion is an apex within the meaning of the law, or under what conditions these croppings may be construed to constitute an apex. The term apex is generally held to mean the top of the vein, the portion that reaches the surface. Will the courts hold that there Is but one vein In the Camp Floyd district at the present time, or will it be decided that each portion segregated by erosion is a separate and distinct vein, and that |