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Show Sale of lbs Old Telegraph. ! The -.Ttl-graph mine?, which have wc.'ine fimu? under the manage-men'. manage-men'. of Prof. L. E. Holden, together wiili the extensive reduction works, on toe Jordan River, have been eold, and on the 7th inst. were transferred to a foreign company, organized in Piiria under the name of the Societe" dea Mines d'Argent et Fonderies de Biuham a good name and a good company, one that will conduct its b'jsiaess, 3 it his been doce heretofore, hereto-fore, in a eyatemalic and complete maaner. To illustrate this it is only necessary to state that with the first (bought of inventing in Utah mines, Profeisor Crl Ouhenius, one of the matt learned and skilful mining engineers en-gineers of Europe, was Bent te Utah to thoroughly examine the Telegraph group. After a most complete investigation in-vestigation of the mine;?, reduction reduc-tion work-, and bjoki and aflirs of the compioy, the gentleman gentle-man returned homa to make his report. Wbila crosiing the ocean on his return, another gentleman, Piofeseor Cuaper, President of the College of Ecgioeere, of Paris, then uoacquaii.ttd with Mr. Oebsenius, came to '.his city and commenced an eiamiua'.ion of the mines, books, , etc., of the Ttlegraph Company. Tue reports of these gentlemen, both high j in authority upon the subject of min ing, substantially corroborate each other in their ituemen's of the value aLd possibilities of the Telegraph Tele-graph property. The success of this first step of Ihe French company induced in-duced them to purchase the property. The reports of the engineers state that the geology of the Telegraph mines is ideutciil with that ol the mines of the Hartz mountaics, which are among the richest and most permanent per-manent mines of Europe. There they are working similar mines to the Old Telegraph at a depth of some 8,000 feet, while the lowest workings of the latter are not deeper than 400 feet, aud who can Bay that the Old Telegraph will not furnish fur-nish profitable work at the depth of 3,000 fet The experiment of deep miniog haa never been tried in this part of the country, and it is fortunate fortu-nate lh.it the Telegraph property is now in tho hands of a powerful company, com-pany, who are dttc-imiucd to explore and work the mines on a different system, developing the resources of the deep. To Ibis end Professor Ochsenius was sent hero to start the work in a determined and systematic manner, and learn whftt ores are to bo fouud in the Telegraph. He will decido upon the moat suitable works for the proper reduction of the ores, No one doubts that with the introduction introduc-tion of Ihe skill and money of the Old PTorld the work will be made even more successful than the Telegraph mines under the management of Professor Holden. We sincerely hope that such wnl be the experience of this the firat French capital in Utah territory. Great weight was attiched to the reoorts of Professors Oohaeuiua and Chaper, and a corresponding amount of interest developed in relation not only to the Telegraph gioup of mines, but to Utah generally aa a mining country. There ia plenty of money in France, and there are pleuty of eood mines in Utah. We may Bee ihe two go hand in baod together to even a greater extent lhan now seems probable. We may ace a very largo stamp mill added lo the now already eztenBive reiuction worka on the Jordan River, and we may eee an independent railroad running from the Telegraph mines to the reduction worts. We w.-tnt lo see the new French company meet with success in their venture, and we doubt Lot, considering the reputation borne by Professor Ocbseuiue, tho manager, that the company will be successful. We understand Mr. Holden, the late owner of the property, will remain as an assistaut to Professor Ochsenius, aud froui the combined experience of the two gentlemen we expect to have grand rteulta. So much cornea Iro.n the intelligent and thorough examination of our mines. Success to the "Sooiate' des Miuea d'Argent et Fonderied de Biugham.' " |
