Show operations of park utah consolidated mines lilies company C kompany and their effect upon the past present and future prosperity Pro and welfare of the state oscar N friendly this article by mr friendly dealin dealing with the subject of the importance of the mining industry and its present and future effect upon the welfare of the people of utah is is in substance a paper prepared for presentation before the mining committee of the salt lake chamber of commerce while the accomplishments and the value of operations of the park utah consolidated of which the author is chief engineer naturally form the foundation of the recital it emphasizes nevertheless what the minin mining industry as such means to this state and the prosperity of its people it shows the necessity of expansion and consolidation into large successful operating companies of mining industry if the state is to receive the full industrial benefit of her mineral deposits editor the benefits derived by a commonwealth from operations as typified by those of the park utah consolidated mines company are so far reaching and ramified that their significance to public welfare is lost sight of by casual analysis and by popular conception this article necessarily cannot follow the benefits derived by the state through the pyramiding pyram iding process within the borders of the state of the vast resources which have been brought into being by the operations of the company but must limit itself to those salient benefits which can easily be enumerated primarily however the purpose of this article is to correct a popular conception that tha t mining 6 is an industry that takes intrinsic wealth out of the state and to show that under proper conditions it is and will be the permanent backbone of the industrial development of the state before discussing this fact it will be of interest to look ok into the tangible wealth which has been transfused into the business bloodstream of the state by the operations of the properties of the park utah the discovery ot of the ontario mine now part of the park utah in the late te seventies gave the first ini impetus pettis to mining mining b in in the park fark city district and furnished the sinews for the devel ament of the other large producers of the district and inspired aspired the prospectors and operators of earlier days to search in new territory for undiscovered deposits a search requiring quiring large expenditures of capital and years of disjointed disappointed hopes which could not have continued except for r that optimism brought forth by the success of the earlier operations without these park city mines no chlof salt tale hake city utah engineer park utah consolidated mines company railroads could have existed to foster the agricultural interests of this portion of the state park value to state industry four fifths of the inet metallic allic value of the output of the properties of the park utah consolidated mines company have been paid directly back into the coffers of industry in the form of labor taxes railroad freight si smelter nelter treatment char charges chares b es and the purchase of supplies the direct payroll of the company now supports more than a thousand families and the industries of the state which its operations help support furnish the livelihood of unnumbered more the treatment of its ores has been an important factor in making the salt lake valley the largest smelting smelling sm elting center of the world its tonnage zal output has fostered the establishment 1 of a custom ore treatment industry which has made productive mines out of losing or idle properties had the park utah company not operated in 1927 the four millions of dollars of new wealth which it expended and added to circulation within the state would have been lost to business one of the counties in which the company is situated would have felt an oppressive sive increase in its tax levy and another county fifty five per cent of whose total taxes are paid by this one corporation would have had its tax levy more than doubled but of most importance notwithstanding the heavy production of metal notwithstanding the extraction and depletion of ores within certain portions of its properties the net result of the years of operation are that a permanent and successful mining organization t has been created a new area of mineral ground has been brought into productive existence and stimulus given to others which will insure the development of still other new and wider areas conditions necessary for successful ful mining operations the metal resources of a state are often erroneously considered as the sum suin total of metal present this mistake can be most readily seen if we take the case of the metal aluminum whose silicates and oxides in large quantities are almost omnipresent throughout utah nevertheless for economic reasons only an infinitesimal portion of this metal can ever be mined at a profit and the great real 4 mass of this metal will never be a commercial resource of the state most of the other useful metals are also present in almost unlimited quantities but mining like an any other industry can only produce when the cost of production can be maintained below the market value of the product the existence of mining companies of the type of the park utah which maintain a large rate of production is essential to the industrial welfare of the state mineral deposits which are unworkable for economic reasons when minin mining to is attempted by individuals and small operating companies become the source of a working industry of the state when operations are consolidated into large working units and the cost of metal production is reduced valueless rock becomes of value and the state receives its contribution of new wealth another far reaching and vital effect then comes into action the successful enterprise is enabled to expand and extend its search into new territory and bring 6 into the channels of commerce a new and a continued flow of wealth which under other conditions would in all probability be permanently lost to the state it would not and could not be developed by the expensive and spasmodic campaigns b of prospecting within the power of small operating companies of limited capital inducement must be made to bring in capital from without the state mining industry encouraged will expand mining as an industry has characteristics peculiar to itself its members are not competitors the success of one furnishes and brings forth new capital to breed others new land is thus brought into productiveness mining has momentum and the industry increases as it progresses providing nothing is done to check its progress if however conditions are made to arise which will vill retard this progression the industry quickly loses speed and goes into a decadence from which it rarely recovers the potential mineral wealth of utah is capable of giving powerful support to the industrial life of the state for many centuries to come providing its present progress is not checked by untoward happenings the contribution of the properties of the park utah consolidated mines company to the past prosperity of the state has been to add to its industries over one hundred millions of dollars of new wealth an amount equivalent to over one half the entire assessed valuation of salt lake city many of whose largest buildings and business enterprises came from money expended or disbursed by this mining enterprise the future contributions of the park utah to the state will be measured by the extent of financial success of her future operations for it is only by business success that a mine can expand its field of development and production of the states resources and be the lodestone to attract other groups of investors to the business of mining 6 without which the industrial prosperity of the state would be decimated |