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Show j First lo arouse the wealth of corror TV (hat slumbered within the vaults of B. I Rlngham's copper-hearing zone and first B " H to simplify the metallurgy of an undcr- yS) taking obscured In so much doubt first B to lnje. t Itn resources into the arteries 1 X.p of commerce and first to- draw upon B. f) them for dividends, the Utah Consoll- ! j date ) Mining company pioneered ai the I, ' jfc j Highland Boy, has ever been first B among the conclave of coppcr-produ- B I ....' ccrs In that camp of copper, the year B ; S closing with the prestige of those at- B jjyj) talnmentB undiminished, with greater yy ones positively assured, The ehrono- B 2 logy of the camp, indeed, tells of no 'fats ultra copper-producer up to the hour of i thai first triumph in the Highland Boy that had been theretofore exploited as "Iv a gold-bearing proposition, and which had but few hours before been equipped H i by Samuel Newhouse and associates H ""' with means with which to recover the B gold from Its orep. The Bingham ml-B' ml-B' j ner had, at intervals, It Is true, detected : rr the presence of the red metal in cell H 5$ and crcviee4 copper. In native state, told H JUL of its existence in waters from which H IS I It was precipitated in nature's crude XT laboratory, and that It was cmbowled H somewhere within the recesses of the H great zone that had been hitherto mined H 4J for the silver, the lead, and the gold It HI vv contained, he had a conviction. That If ? conviction was vague, however, so va- jrv gue, Indeed, that not until the for- J i tuitOUB discovery of its chambers In Kl -J-v U the Highland Roy, was deliberate and ( ,J systematic prospecting and mining for ifX j it at Bingham Inaugurated. With that &i ! lesson the evolution of the old camp as i ij H a camp of copper began and w hile other vj M mines have responded to the touch of gXp I1 the miner who has profited by that first XT U lesron In the properties of the Utah j f Consolidated It continues to lead the ivi) column of Bingham producers. ; A Story of Profit i VV From the discovery of copper within ! JJf. the -stupendous ledges of the Utah Con- i i, Bolldated and their subsequent cquip- I v-; merit with a smelter with which to rc- duce their copper, gold and ellver-bear-xV lng ores, the record of the company has .'A afforded a story of profit that has few () parallels in the diggings of any region, tv while Its earnings at thl time arc re- strlcted only by the capacity of lis fur-XT fur-XT naces from which there issued, In 1904. jt.jj no less than 14,000,000 pounds of copper () bullion, every unit of which was al-TT al-TT loyed with its unit of gold and silver. I V Reference to the company's log dls- YY closes that during the six months end- lng December 31, 1900. Its furnaces were It i productive of 2,780,000 pounds of bullion. J the first half of the year having been ', J devoted to adjustments at the plant. At ; Y the close of 1901 the output had been increased to 10,350,000 pounds of the red (M) metal associated with gold and silver, i v while !r the year following it had risen g to a total ot 11,840,000 pounds with the management urging an enhirgcment up- v-;- on the company. Meanwhile the re- searches under ground had been proBe-W proBe-W cuted without Interruption, the results .T.j, disclosed In ever-lncrea6lns resources (i i and In ore bodlps, the enormous ton- nages contained In which almost defied computation During thia campaign of development nnd exploratory work new xx liannels of wealth had been tapped and (m i vlth some of them asserting a strength J"J that was Incredible the ordinary rules ' ', were brushed aside and the measure- ment made In acres. To be sure the Sex ores were characterized as "low grade." but from them hundreds of mouths were -v deriving their dally bread, the Investor , ',' his annual Income and to increase It YY additional equipment only was necei- ju.;- sary. ' Piling Up the Metals. i It was In lr'03. during which year the tv oufj'Ut of the Bmelter wan increased to T 13.023 683 pounds of bullion and in w hich - Y. volume Uiere vas contained 12,715,693 X.j. pounds or copper. 19S.S10 ounces of sll- ; M r and 20,087 ounces of gold, the whole yy having a valuation of J2 028,934, that VV It was decided to increase the capacity : of the smelter. Upon this work w as dls- J 3 patched and In July laft the new units fXy went Into commission. Since that event vy the management has be-n reducing an ..; average of about 700 tons daily, or an (i-l Increase of 200 tons, and while the an- Hj nual report had not been completed ; when the data for this exhibit was com- Xy plied, i . .. ihlng Indicates that the out- ..". jiut of bullion for the year has exceeded 14 000.000 pounds, these figures to eUc- y cumb to the stupendous ones of the i present year, during which an a erage ;Y of at least 700 tons dally will be maln- .jL talned. With the increased tonnat-e the d i fixed charges are also materially re- 45. duced and the earnings correspondingly 22 Increased, nor is It possible that the H m company shall content itself with the present unit of equipment. On the contrary, con-trary, the stature of th plant Is to be made to correspond with the stature of the mines and that It will be equipped for the reduction Of lOOO tons of copper, gold and illver-bearlng ore dally before the expiration of another anniversary In the career of the leviathan i9 not at all unlikely. Enormous Ore Bodies. Undoubtedly the ore bodies are present pres-ent to Justifj it. Indeed It is' the contention con-tention of not a few that they might be levied upon for an infinitely greater volume without causing distress what-ever. what-ever. During the year just passed into lion the present year, or a gain of nearly near-ly 40 per cent over the previous one Nor shull Its triumphs in the realm of copper terminate with this stpuendous gain On the contrary It Is now endowed en-dowed with resources that shall enable 11 to double the present production and yet Us possibilities are but little understood under-stood beyond the local threshold. For over 6000 feet the zone along which Its prodigious length Is stretched, has been explored and yet there Is no sign whatever what-ever of decudence, while at least one of the chnnnelo of wealth reveals a width of over 200 feet. Of the reliance that may be reposed In depth developments that have been prosecuted and results j that have been achieved by a neighbor tlon of copper, gold and pllver from the ores of Bingham was begun, Its methods meth-ods have boen emulated by at leaot two others, whoo stacks tower above the . plains with those of the third Installed in the Bingham canyon. From the nucleus nu-cleus originated by the Utah Consolidated Consoli-dated Indeed, the Industry has continued contin-ued to expand until at this time Salt Lake valley enjoys the distinction of being the greatest pyrltic smelting center cen-ter on the globe. Its plant Is a faultless fault-less one and by those profesiiing to be conversant with the facts It is claimed thnt the cost of reduction Is less than hus been attained by any smelter In the land The new units embraced In the additional equipment with which it waa SMELTING WORKS, NEAR MURRAY HIGHLAND BOY. history there was fed to the furnaces over 200,000 tons of ore and yet no conspicuous con-spicuous encroachment was made upon its enduring resources. The management manage-ment confesses that that exposed in the mines of the company at this time Is no less than a million and a half tort of ore, but then the management has always been provoklngly If not painfully painful-ly conservative, and Its reserves accurately accur-ately defined, will no doubt exceed 000,000 tons, the value of Which reaches Into man, many millions of dollars Upon the enormity of the Utah e'on-solldated's e'on-solldated's resources, Indeed, a volume might be exploited, and yet they have been faomed to a depth no greater than 800 feet To date no fewer thau six distinct and Independent channels of copper, gold and silver-bearing ore have been opened up in the company's properties nor is there anything to denote de-note other than the presence of others connection, with which shall be made as work shall advance along the strike of a zone the- fertility of which has been emphasised uiih every shot. To explore ex-plore it at greater depth sinking was resumed by the management during the past sixty days, since which time It has dropped down an additional 100 feet. That the metallic contents of the ore has Increased with the attainment of greater depth the pronounced increase In the company's output of bullion during dur-ing the p'-jici'l lli;it thesn lower leviis have drawn upon, affords conclusive evidence. It Is since the latter horizon was reached, Indeed, that the smelter management was permitted to present the company with the rtecord for ;i single day's run. the production in the twenty-four twenty-four hours in which all previous performances per-formances were eclipsed, reaching a total to-tal of 67.0C0 pounds of bullion. Twenty Million Pounds. ' Maintaining this unprecedented record, rec-ord, nor is such an achievement unlikely, un-likely, the produ lion of the I'tah Consolidated Con-solidated with Its present equipment must be made to exceed 20,000.000 pounds of copper, gold and silver bul- who has undermined the zone to a depth of 1800 feet affords a demonstration demonstra-tion as positive as were that depth attained at-tained in Utah Consolidated. Along that horizon the characteristics are identical identi-cal with those prevailing In the levels above and In the domains of the Utah Consolidated There the ferro-sulphlde. with Its units of copper and valuesln gold and silver, is perpetuated and while It is, perhaps, over 1000 feet below be-low the plane to which the management of the Utah Consolidated h;is descended, that it continues to that depth In tbe latter, the assurance Is positive With this lesson on the resources of the great zone at great depth the future of the Utah Consolidated Is divested of risk whatever, and with facilities for the re-duction re-duction of Its ore9 commensurate with Its resources there Is no telling what heights Its earnings shall ultimately attain. at-tain. Wealth of Ores. Indeed the wealth of the company has been scarcely scratched while of the more than 300 acres of territory about which Its embrace has been thrown, hut a fraction of It has been explored Notwithstanding Not-withstanding this Its attainments in the world of copper have earned for It a position po-sition which compares favorably with that accorded any of the youngsters f.nd the substantial recognition of the investor at home and abroad. To date Its shareholders have been permitted to draw down dividends amounting to 53.18C.000, while for recent smelter enlargements en-largements the management was permitted per-mitted to dip Into Its treasury for no less than $250,000. It Is to the founders of the Utah Consolidated Con-solidated Mining company that the copper cop-per diggings of the. State are indebted for the simplest and most lnexpenshe methods now employed In the reduction reduc-tion of their ores, nor has any company operating In the State done more to accelerate ac-celerate the growth of an Industry by which so many mouths' are fed. In the reduction of pyrltic ores In this valley, indeed, It Is the pioneer. Since Its fires were lighted and the produc- provided during the year and which has enabled It to Increase the dally tonnage more than 40 per cent, perhaps, consist of twelve MacDougall roasters, two additional ad-ditional reverberatorles and a new power pow-er engine. Career of Furnaces. Since tbe blowing of this Imposing plant In May, 1S99, its fires have never been banked nor have Its furijaces been suspended for a single shift The reduction re-duction of ores and the output of bullion bul-lion has been without Interruption whatever The record Is Indeed a phenomenal phe-nomenal one and Is perhaps excelled by no other plant operated In the country. For further enlargement the site upon which the splendid plant is poised affords af-fords abundant space and that orders looking to this end will be announced by the officials of the company before the expiration of the present year there Is every reason to believe. Certainly the resources of the company are urging urg-ing It and their dumb petition can not be permitted to remain much longer upon the table. For the transportation of its ores between be-tween the mines at Bingham and the furnaces In the valley tho company has provided Itself with equipment equally economic. Between the mines and the loading station at the terminua of the Rio Grand.- road the distance la spanned by an aerial tramway 11.000 feet in length over this route thre Is" at present being forwarded an average of over 800 tons a day, this volume meeting meet-ing the dally requirements of the smelter smel-ter and enabling the management to maintain a discreet surplus In the bins. It is said of this method that the transportation trans-portation of a ton of copper, gold and Bllver-bearlng ore between the bins at the inine and the receiving station below be-low has been reduced to a cost not to exceed eight cents per ton. The contract con-tract between this figure and those that were incurred under old methods la a stupendous one. Since the tramway was .(instructed by the Utah Consolidated, Consoli-dated, others have resorted to similar means I ers projected. Over It h'is- pasv-d clur- tv lng th past year approximately 220.000 XV? tons of ore without interruption what- Sl ever, and that this tonnage will be- ex- r! ceeded the present year is now positively posi-tively assured. I H A Vast Acreage. ' B) The main assets of tho Utah Consoll- at I dated Mining company are embraced i In a domain that comprehends no less than 300 acres in the heart of Bingham's copper, gold and silver-bearing belt, jl and while over 10,000 feet of explora- Tl tory work has been prosecuted since the first pick was burled In Its ledges, '"SI' comparatively little of Its territory has been explored, while the volume of wealth removed compared with that now exposed and awaiting reduction Is i but a handful. From its inception the Ail undertaking has been one of the most m! Interesting, one of tho moft Instructive 1 In the diggings of the West. A low jj grade proposition as commonly defined rS f by the miner whose knowledge of met- yvl allurgy Is conflneel to that acquired In the hills, not a few doubted tho ability rl of Its owners to successfully and profit- ! ,T ably exploit It. However, thee lmpres- W-f slons, ridiculously erroneous, In the light iyi of subsequent disclosures, faded rapidly under results that were made byr ship-ments ship-ments to the custom plants then in op- i B eration In this valley, to which a num- Ttt ber of thousand tons of ore of the bet- I I ter quality was forwarded, while th j 551 leaner material was put through a con- r. ccntrator where It was reduced to a '5m product that affordeel an equally well-defined well-defined margin and which afforded con- j J elusive evidence that enormous profits ; T awalterl economic equipment It was i upon this information that the founders j.I of the T.'tah Consolidated decided to ASl" construct a smelter Meanwhile, the l? vwealth of tho company's territory had T31 responded to the energies of every ' shift beneath the surface. The ei is- i closures, one after another, In almost T3 panoramic procession, were enormous. In the main ledge a cross-out from wall ia to wall within which these riches were rjI confined was extended a distance of 212 I feet, every foot through which It hd advanced affording an ore that has Jji since found Its way Into the furnaces, Its metallic contents Into the world of 2H commerce. Its earnings into the purses ' of Its shareholders. To this the pioneer (jjjl channel In the property others have been added as the company's researches havo progressed. While not so large they have been Infinitely more respon- JB: slve than the average found In any man's country until at this time It Is rr said that blocked out Is sufficient ore to meet the requirements of the fur- JXj naces for a period of ten yearp or more. il What the aggregate value of this tremendous tre-mendous empire of copper, gold and , r ! silver ore Is an Item that the manage- 'j, ment has seen fit to divulge In the pres- B ence of those only entitled to It by vlr- K tue of their Investment. There Is a popular belief, however, among miners j and those who have been Inquisitive t enough to make deductions that ex- Afl ' J posed within its workings Is ore the value of which exceeds $30,000,000, and H vet the real extent of those ore bodies f Is yet to be determined Meanwhile the u wealth of ore Is being hourly added to AM and tho present season promises most tT Important disclosures. ij The Local Management. B ' Than the local management of the SB, Utah Consolidated there Is none more r efficient. R. H. Channlng. the com- ft pany's general manager. Is an engineer SB whose experience comprehends active Xi operations In many countries, while tho i results achieved by him at the properties proper-ties of the Utah Consolidated are among jj the most Imposing In the camps of the West. Since his services were retained fv ' by the company there has been a most pronounced reduction In the cost of op- fJB eration from the mines of the company . j to the furnaces at which the ores are M reduced, while even greater savings are ,1 f ! assured. In Superintendent Morris of ! , the smelter he has procured the se-rv- ; Ices of one whose diligent effort and Intelligent endeavor is reflected In not j; a few changes for the betterment and ft simplification of thA methods, while In ( ' ' Superintendent Parley L. Williams Jr.. j of the mines he has acquired the serv- f lces of an equally valuable assistant. T'nder this local organization the New T Year at the Utah Consolidated dawns upon every assurance of even greater jj triumphs In 1005 Not only lo every con- W fldence reposed In the management by local Interests, but as much Is reflected, V; I Indeed, In the splended behavior of the H I Ij company's shares abroad, the spirited U ' advances recorded by them the past .if- rt fording an eloquent tribute to nt only the merits of the great property, but to Mff the ability of those who have made tho u present earnings possible. $9 IB |