Show A BIG PLACER MINE The Salina Gold and Silver Mining Min-ing Company Organized WITH A CAPITAL OF TEN MILLION The Stock all Subscribed ForThe Placer Hines in Sevicr County to Be Developed The articles of incorporation of the Salina Gold and Silver Mining company vero filed with the clerk of the probate courtyesterday and acertificate was issued The company is organized with a capital stock of 2C03000 divided into 400000 shares of the par value of 5 per share The location of tho works is in the southern south-ern part of Sevier county near Salina and I I although the company has ptver to buy sell lease and find mines work for tho present will to confinei to developing tie companys rich placer ground The incorporators are Hans Gottfredson O H Rollins W H Pollard C Madsen J Knighten R Jacobson J Christensen George Brown D Woods and J C Nelson all ellknowii residents of Salina and Mayfield and E A Visser of the CareyLombard Lumber company S D N Bennett a wellknown mining man O R Zipf an attorney at law 1 P Bache clerk of the supremo court W H Erb manager of the Metropolitan Metro-politan E A Wilson of the Utah National bank Dr M A Hughes E J Smith Edmund Ed-mund Bennett and Charles Ellis all of this city The officers are E A Visser president presi-dent H Gottfredson vicepresident Oscar R Zipf secretary and ueasurerand these gentleman with S D N Bennett and W H Pollard form the board of directors di-rectors All of the stock except 50000 shares reserved as a working capital has been subscribed for There has been considerable talk in mining min-ing circles of late in regard to tho gold discoveries dis-coveries in Sevier and Piute counties The principal discovery however was made by a syndicate or Salina men in Mill Creek caflon about a year ago From a gentleman who has examined the ground a HEUALD reporter learned that there are immense bars of gravel in the ground owned by thiscom pany and a fine quality of nugget gold increasing in-creasing in size and quantity with the descent de-scent to bedrock was discovered Another important fact is the largo supply of water flowing down the caflon which can be controlled con-trolled at slight expense Different Salt Lake and Denver parties have been negotiating nego-tiating for months to get an interest in the 500 acres owned now by this company and the Salt Lake men finally secured a half interest in the field Considerable of the yellow metal has already been washed out and the stockholders are confident confi-dent that they have a big thing Near this land is the placer mine of James Moore and Snder of this city for which an offer of 8150000 is said to have been refused re cently The new company will commence active operations in the spring and their prospects are bright indeed The railroad which has just been completed I com-pleted opens up a rich mineral field and it will be a great help to this company as the i road ground passes within a few miles > > of their |