Salt Lake Herald-Republican | 1920-01-11 | Page 38 | Royalties to Favor Miners

I I j I I I II I I ROYALTIES TO FAVOR MINERS Centennial Announces es Rates in Leasing of Property D. D D. D Muir Jr mine manager for the United States Mining company compan was as In Eureka on Tuesday and Wednesday for tor forthe tho the of or conferring with wih Supt John Enlund regarding the tho development development develop develop- ment of ot tho the Centennial Eureka mine says sas the tho Eureka Reporter As S already announced tho tile officers of ot this company company com corn pany aro are preparing to open the tho upper workings of the Centennial Eureka to lessees the leasing system to bo be in inaugurated inaugurated In- In i about January l 15 Ui It I Is If their I plan to permit leasing on all al levels down to tho the and It will wi no doubt bo bo be of Interest to local miners to learn I that the highest ro royalty which the thc mine will wl expect Is 50 per c cent nl Mr Ir Muir that tho the will run from says F'S royalties wil rn 15 to 50 GO per cent and that under such an arrangement there thero Is a n chance for tor fora tora a lessee to clean up a piece of or change chan e if it ho he Is fortunate in opening a I. I bunch of high s-r s grade c. c Most of ot tho the other Tintic mines which permit leasing tako take 75 per cent on tho high grade ore orf The re reduction In royalties ou ought ht to toI attract somo some good minors miners rs to tho the Centennial ConI Con Con- tennial Eureka and while tho the property has been pretty thoroughly and carefully carefully care care- Cul fully mined it i is almost certain contain that some new oro ore will wIl be bo developed eloped under th tho leasing