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Show WESTERN MINING GAZETTEER. Jjniug Cjascltccr, W HUSH M WKKKLY. GOING DOWN. accepted time for an expert to make a flaming report in order to regain tbo confidence of the With the purchase of the Hooper mine, in investors, and so it goes to the end of the chap ter. This is the ease with wild-eatBingham, hy the Last Chance (English) ComWith a legitimate enterprise it is entirely pany, and the application of powerful machidifferent. The stock is not over capitalized, nery in sinking the shaft on the Last Chance the stockholders invest their money and put up mine, the problem of successful mining below reasonable assessments to develop the property, water level in West Mountain District is likclv and only take the usual business chances for to he solved. Surface mining in that locality failure, while the per cent, realized on success lias been a success. There is everv reason to is almost without limit. Make stock assessa- believe that deep mining will prove equally ble; .levy small assessments often and they profitable. The roots of deep mines reacli will not he felt. A notable instance is that of deeper than ever plummet sounded. The vast the Prospect Mountain Tunnel, Eureka, Nev- areas of mineral already explored from the a few cents grass roots down S00 feet in this remarkable ada. The stockholders s. DKVOTKl) TO GOLD AND SILVER MINING. ovkhtiskks ill iloasc remember thut four issues lire one month. Staites nnd Can- Sirnscisini'iN. irpaitl: United 'cr annum. Payable ill mlvamre. Ukmittavks fhouhl ha made hy Iost (Mice Order, Dank Draft or Jhyi-t- i red la tter, payable to Mark W. Musokovk. Commi'mcathins in regard to the minin'' and millin'; of ores snle iti d. Dcserijdions of new camps specially desired. A ASSESS OR NOT ASSESS. For a while quite a number of tbo mining per share put up only district, furnish the best evidence of enduring every journals wrote articles on this subject, the ma- month, and yet with this apparently small mines. The history of deep mining, with jority of which were decidedly in favor of amount have advanced the tunnel over 2,000 hardly an exception, establishes the fact that levying assessments on mines when necessary ; feet, and their prospects for big divi- pyrites at water level indicates good ore below. Hence the still, we can hardly pick up a journal which de- dends is saying of practical miners : perhaps second tc none in that disvotes ever so small a space to the mining With rare extrict. Again, it is often the case that a propect Mundic rides a good horse. that there are not one or more notices is the mines of Utah have been devellooking well and only a few thousand dol- ceptions, of some recent incorporation of mines on the lars needed to show, bevornl a far hy men with comparatively little doubt, its exact oped thus plan. This feature is of com- status; hut when wliat can be capital. The ease with which our ores can he paratively recent origin and was introduced to done? Occasionally one or more of the stock- worked, makes Utah the paradise of miners delude Eastern investors, who it was early oh holders will advance this with limited means. The necessity for expenyet it is a rare money, served, were very much afraid of the assess- ease when one man will for a hundred sive machinery and large capital, coupled with put up ments being levied from time to time, lienee others and take all the chances. It is a little the difficulty of reaching capitalists and organreluctant to take hold of properties for fear of remarkable, however a fact, that the one man izing necessary combinations, causes a stoppage freeze-out a game being played upon them. often succeeds in a fine property. of operations at certain depths and men and opening up For years mines were assessed right along to Real estate is mines lie idle for want of monev that rusts usually considered among the prosecute developments and it was considered safest of investments, hut sometimes, as in the from disuse in eastern and foreign markets. all right; hut a new era dawned on the vision ease of the decline of property valuation in Here and there, as in the Ontario, Horn Silver, of the stock sharps and they began to reap a San Francisco in one or two years, something Jordan and Great Basin mines, the requisite combined with judicious management golden harvest for this prince of ideas, when like 50 per cent., it is not so safe as mining. capital, it was perceived with what avidity Eastern This was, in a more or less degree owing to the is brought to hear, and deep mining produces men snapped up stock merit Kearney agitation, hut the effect is it is down. large and permanent returns on the investment. With the subsidence of the Tidal Wave of specbeing a secondary consideration apparently. A good mine is the nearest to a government It is only another way of obtaining money bond of investment we know of, and its ulation which lias lately swept over Colorado any under false pretenses; for a mine, however is the same value A thous- and the Black Ilills, leaving many wrecks begood the prospect, can not be developed with- and men are in other brandies of bus- hind, there will come careful, legitimate investengaged out the expenditure of a reasonable amount of iness to every one in mining, and note the pro- ment in mining enterprises and in this direcis all nonsense to talk money upon it, and it who have made immense fortunes in a tion, Utah offers unusual attraction. Scores portions about any given number of shares of stock few years. There are many valuable proper- and hundreds of her opened mines wait the being set aside as a working capital and the ties idle for a few thousand advent of men and means to become dividend the dollars, though certainty of dividends after this amount is exis much better than many mines be- paying mines, rivaling those whose names are showing Take for inpended ; even if it has merit. is the Mono Mine, now household words on account of their amdeveloped daily. Why ing stance on ordinary property such as is incorpoidle? not because it ple, continuous profits. Deep mining will acCanyon, Dry Certainly rated and stocked for the million that is from a good property in fact one of the very complish the financial salvation of Utah. Her isnt to 300.000 f)00,000 shares in a property which best in Utah. The same may he said of the unrivaled climate, incxliaustable mines, fertil would stagger under 25,000; sold at the bedof the Ilills and others. The Albion valleys and thriving cities, invite legitimate, rock price of $1 per share. Of course in all Queen and Last Chance, in Big Cottonwood are shut generous investments with sure promise of eases there is ore enough in sight to insure down. Wherefore? The Deseret at Stockton, large and enduring returns. double this amount in dividends to the innois a good mine and shut down. Isnt the Last cent purchaser. A fair capitalization and a A NEW INCORPORATION. Chance at Bingham, showing well enough to reasonable amount set aside as working capiin whose judgllie Deer (reek Mining Company, organized tal is all right, but make it assessable. prosecute developments? Men, ment we have great confidence, say that the within a few weeks under the Utah Statutes, Did vou ever consider wliat valuation this at Park has showan excellent City, Sampson, promises to take position in the front rank of only $1 per share places on the property ? A it is idle. But the answer comes from our Mining Corporations. It controls four valuation which there are a million chances ing, yet No money to develop such all : No money prospectively valuable mines in American against ever being realized. Instead of only well as as a hundred others bork, all these, as this certain amount of the working capital be- properties showing ore and embracing within in the districts named, when millions are put their boundaries timber and water in nbun ing sold and the balance held for dividends, bonds into week because dance. government every the President of the Company, who allows his Developments are being made and find cannot ina and safe permanent will he continued through the winter, name to lie used for a small matter of from capital ample vestment. Talk about luck in 10.000 to 25,000 shares want to sell a little and having been set apart for the mi nine ; it is hull-dothat allows a working capital tenacity then lie con take the ehonets on the balance. thousand men to wear diamonds, who a few purpose. Solid men in Utah and New York The Secretary, perhaps hastens to let his inti- years since wore ragged overalls. Through the are interested in this enterptise, and investmate friends have a few thousand shares of darkest hour they never lost confidence in ment in the limited amount of working capithis good thing in order to certainly be even in their property if other mines in the same tal to he placed upon this market at verv reaPerhaps a croaker sonable rates must prove advantageous. on the deal. Some of the Trustees (more likely section were producing. (opposed to deep mining) will howl no ore be- Resident directors in Salt Lake City are Gov. all of them) need a little ready cash and away low the pyrites in Bingham, and yet there is a Murray, Postmaster J. T. Lynch, l)r. Geo. another hatch goes ; and a small amount fine body of ore in the bottom of the May- Douglas and Jas. T. Bradley. American Fork could he safely bet that all this stock is sold flower shaft, (800 feet) the only mine in the Mineral District promise to bo lively next before a single share of the real working capcamp sunk through the pyrites. Take tlio season. ital set aside for that purpose. Now what is Great Basin Mine at Stockton as an evidence of the result ? In a short time the investors our assertion. Gen. Connor held on, and on, lhe editor of the Mining Gazettkkh will talk about dividends. The wail becomes and on, until many thought it was a hobby, again visit Park City this week and routinin' louder and louder for dividends. Now is the and what is the result? his reports on the mines. two or three, we believe to-da- y old-tim- e in-dustr- v, V non-assessme- nt non-assessab- noil-assessab- lc le to-da- to-morro- y ! hull-heade- g d |