Show NO OCCASION FOR ALARM Very Sensible Views on the Mining II r Min-ing Outlook I 1 I UTAHS STRONG POSITION I I SeethiySeais Directs Attention to fcome Pertinent Facts Two evtiming Companies Incorporated Vial Stocks in New York San Juan Gold Jfusgets General jliuhig News While number of our business men are inclined to take a gloomy view of the future wing to the general depression caused by the low price of silver and leadS lead-S W Sears secretary of the chamber of commerce is not at all alarmed over the situationand gives some sound reasons for his confidence that Utah will come out all right Utah he says is in a better position to meet depression than any other state or territory owinc to the fact that we arc working on a high railroad tariff basis I The railroads are at present hauling our ores to Pueblo Denver Omaha and Kansas City at a high tariff rate and they I will be the first to feal the effect of a shortage short-age in the output A condition that would close down many of the mines would cutoff cut-off one of their most lucrative resources of freight receipts and should the situation become so serious as to effect the trade of the merchants of the territory it would result in cutting down their business 1 I busi-ness to such an extent as will force them to make concessions All the mining supplies sup-plies shipped into the various mining camps is hauled from the Missouri river west and the freights of the railroads into the various mining camps is wholly dependent de-pendent on the operation of the mines Should they close down the railroads would be greatly crippled in their earning capacity and rather than have their receipts re-ceipts fall off to this extent they will in all probability make such concessions on the present high tariffs as to enable the miners to keepthe mines open DIFFERENT IN COLORADO In Colorado the situation is different I the competition being more keen and the I charges much less than here As a rule 1 within the the ores were smellered there state and there is not sufficient margin I mar-gin for any material reduction It has been asserted that tn costs the Leadville and Aspen miners 95 cents per ounce to mine silver in those camps If this is the case no reduction by the railroads can overcome this loss In Utah the high grade of the ores in lead makes it possible to treat the ore much cheaply and if the railroads will meet this question ques-tion in a manner that will contribute the largest revenue it is clear that they will meet the miners half way and obviate the necessity of closing down any mines that can continue to operate with a reasonable modification of the present high tariff The situation in Colorado has become so serious and the alarm so widespread that the Manufacturers Exchange ot Denver Den-ver with a view to restoring confidence passed a resolution declaring that while It is true the silver output has bean greatly decreased the production of gold bas greatly increased new industries are starting up real estate is firm and the I clearing increase abuse returns show a healthy |