Show COLORADO telluride examiner A party of capitalists have recently made a thorough examination of a group of claims in the mt wilson district which will probably result in the early inauguration of development work on an extensive scale the group embraces the special session and silver pick group of mines two of the richest and most prominent in that region and as outlined it is one of the largest mining enterprises ever projected in san miguel county the silver pick is a huge proposition in itself and the special session is but little behind the former having produced upwards of two million dollars the new company is known as the utah development company and is largely composed of philadelphia capitalists dr P A H franklin of that city and salt lake being among the more prominent they are operating several utah mining propositions with much success both the above groups are extensively developed and the gentlemen were more than favorably impressed with their examination telluride examiner david S mcgill and judge holmes came in yesterday from their pining mining property consisting of ten claims located on last dollar mountain three or four miles north of saw pit the judge has been out there several days inspecting spec ting the development work performed this summer mr miguels ranch is not far distant from the mines and he devotes a greater portion of the year to developing the claim he says they have an abundance of ore which according to mill runs heretofore made will yield from five to twenty six dollars a ton in gold all that is required to make inake a paying mine is a tramway and mill for the treatment of the product in 1903 theve these claims were leased and bonded to eastern parties for and a draft for had been forwarded to a local bank for a first payment but the strike occurred a day or so before the money was to be paid and the entire transaction was canceled |