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Show A Him i MINING. ImiTip's Ponih'lHiM frr Should P. A. II. TrsiWia't Cun'j'iiVvt'oa of Bingbam Protiir'.iti ts T-ectocl SALT LAKE A EUELTIKQ CENTER To Devs'op tha Bnllioa Bck One Thonsand Foot LstsI of thi Eureka Hill General Mining News. Nothlnir that has ever happened is so liRuilieant to the welfsre of the miniug Interests of Utah, as the dispatches which give tho firnt details 0' th organization or-ganization of a company with lari;e capital to purchase aud develop a lure group of mines in liingham. Comprehended Compre-hended In this gigantio venture is the formation of a combination to erect smelters and to practically control the load producing mines of this territory. At first thought the proposition seems almost too stupendous for tho human mind to grasp, it would appear as if no man could be found with the requisite ability and versatility to manage successfully such an enterprise, but in this day nothing is too large for nn aggregation of capital to undertake, providing the promises of suoh rewards are auflielsntly alluring. If Mr. Franklin Frank-lin is successful in enlisting capitalists to tako hold of his schemo on the basis on whioh he has foruiulatud it and bis chances for doing so soom ilattering, if not already assured it will be the lnrjer,t mining enterprise ever undertaken under-taken in this or any other coun'ry. What the results would be if such an immeiiso area of mineral territory owned and worked under 0110 management, manage-ment, with capital enough behind it to carry out a systematic plan, of development, there ought t be no rea.-iouable doubt. it would be successful. Everything would be curried on on such a largo scale that the cost of production would be reduced to tho minimum. The mines which are Iraaitv owned and are to be acinired by the new syndicate are of known and recognized merit. Nearly all of them have already been developed to tho rank of large producers aud many of them have at this time immense reserves of ore iu sight. Ail that is necessary to make it profitable is that the mines should be supplied with more modern appliances for their working and that concentrators and smelters be provided for the economical eMiadiuu of the ore. When this is done aud it ought not te be a matter of more than a few months' time there is no question but that enough ore could he produced to keep a smelter of the largest larg-est capacity running constantly. With reference to the smelting branch of the proposition, that ought also to be a very prolitable one. It has boon inexplicable to all who have studied the situation here, that with every variety va-riety of ore and ilux necessary to successful suc-cessful smelting such a large percentage percent-age of tho territory's production should be shipped away for trea'.meut. The men in this city, who are interested in formation of th;s big desl and who are familiar with the progress that has been made in the negotiations, y there is nothing in the statement "that it is the intention to organize a big trust to control all of the lead mines of the nest." It is simply an attempt to consolidate a large number of mines in the Bingham dielrict under one man-ng man-ng iment, whirh will enable a company to work them more cheaply than could be done by individual owners. Tho claim that a successful consummation of the deal would make Salt Lake the smoiting center of the United States look like a reasonable one. Such a combination of mines ought to produce at least 10(10 tons of or a day, all of which would be turned into bullion in this valley. Looked at in any light, it is a most important transaction to Bingham and to this territory. Its result would be to create a wonderful revival in the min-incr min-incr interest, aud would bring millions of money h.t.e fur investment in the triiifc. |