Show STANDARD BINGHAM f EJ ALS I L WILL CONSOLIDATE Three years ago a party of oC Boston capitalists cap capi formed the Bingham Metals company com corn b patty pany and began to explore the mountains mountain on tho the Middle lIddle canyon sl side sido o oi of the West mountain range It was was a n new departure In mining in the vicinity of oC the great groat copper camp of oC Bingham where work has been een confined almost entirely to the fling Bing ham am and Carr Fork properties Mining V j engineers might have expressed some somo doubt doubt as to th the wisdom of such an undertaking under under under- fa taking but the Bingham Metals crowd had some men of experience t In the dig dis- f v 4 Sings gings of that section e men who I l had sev- sev oral ral years ears previously taken some interest f In Utah Consolidated Utah Copper Boston Boston Doston Bos- Bos ton ton Consolidated and several of oC the the theother other J 1 largo large red metal producers of oC toda today These Thes men had purchased shares of oC these com com- panics when they were a drug on the market at a few Cew dollars each and taken their profits when the tho great copper boom swept over the countr country Profiting handsomely handsomely hand- hand Comely b by this experience they had the foresight to see great groat possibilities in 11 the future and after alter repeated visits to the camp and a careful study of oC the geology of that country the they began to take over u ground and at the same time extend a ar tunnel into the very heart of oC what Is r doubtless one of the great greatest st mineral zones of oC that district t I Farmer Prime Mover l Walter B. B Farmer has been the prime 1 J mover in the Bingham Metals company lIe He has been on the trail between en that camp and his homo home in Boston during the past three years keeping his associates posted as to the progress being made and following closely the development work ork that has been under the supervision of oC E. E J. J Baker No announcement of oC Mr Farmers Farmer's J armer's arrivals or departures 3 from Croo j either end of oC the line has been made and andI 1 I nothing has appeared In the press as s to the the acquiring of mineral mineraI water and timi tim tim- her ber rights by his company lO lOI I y t Lewenberg we g a B Boston attorney fr y h has been continuously examining the titles and re reviewing reviewing ze- ze I viewing the surveys with the company engineers enI engineers en- en en en- I and today they have acres of oC land with mill rights and some splendid canyon ground which will serve the company for building homes for Its employees Associated In the Bingham Metals company are such well known Boston business men as Cabot J. J Morse Morea of ParI Parker Par- Par ker Morse s Co C E. E J. J Roth Rothwell om well cap cap- rJ I t T. T H. H I. I n Richardson of the Richardson Richard Richard- cl son Silk company and Francis G G. Smith I Mr Farmer Is president and Mr Morse Is isI I treasurer The com company pan has only I I shareholders and there has been blen expended I up to date in patenting the ground driving the tunnel installing a aI aI I I I power plant and building some houses I for the men I Pine Fine Tunnel I This company has a 8 tunnel from the i Middle canyon side of oC the range In a disI die dis- I tance of feet It has a a a. double track and and a water channel h b below the track I f that t rs Is carrying off 0 gallons I of water t a a. minute This water is sufficient to de develop develop de- de which provides the elop horsepower I company with power for Cor all purposes Including in inI including In- In I eluding the lighting of oC the tunnel and company houses driving the drills and will also propel the tha cars to and from Crom the I tunnel just as soon as the trolley lines Ibave nave have been completed to the tho face Cace of oC the drift The tunnel work Is of the very best and is feet Ceet Its cost has lies been at the remarkably low figure of 7 a a. foot The company has its own sawmill and has been enabled to get Its timbers Into the tho thomine mine at the low cost of oC 5 per 1000 1003 feet Ceet as aa against a cost of oC 30 to 50 for Cor timbers I paid by the Bingham mines Consolidation On Recently a consolidation of oC properties has been under consideration by the Bingham Metals and the Bingham Binsham Ct Central Central Cen Cen- n- n Standard Copper companies The One terms as agreed upon by each company are for the turning over of both properties properties properties proper proper- ties to a holding company which Is to be known as the Utah Metals company Bingham Metal shareholders will receive share for share in exchange of stock and the Bingham Central Standard company will vill exchange on the basis of three e I shares of oC Central Standard for one In the tho new company Utah Metals company compan U is Incorporated for Cor shares and after alter the allotment allotment vu of oC new new stock is 0 made z to shareholders in each company there will be shares of oC stock in the l I treasury treasury This treasury stock will be put k on the market at 3 I a share end within months months' time the new company compan ex- ex six it B sects O a aOs to s Standard begin i talIP shipments ground of hr ore will from more morer the The Slot Met r- r than offset opera operating expenses fT ala als Standard tunnel g Jl i ground is o to n be e a continued o mill constructed Into U Central In JR i Middle canyon canOn and then a down hill hlll haul of three miles can an be made to the Inter- Inter t u national smelting furnaces Visitors at Mines J t Yesterday the officials of oC these com com- corn com took out a party or visitors to ike these mines In the party were Fred S. S T Auerbach Louis Louts Roeber G. G A W. W Roeber r. r Sol Pol Lewenberg Walter B. B Farmer V. W. S. S h i J. J II H. Keetley Keetle P. P J. J Donahue W. W I Sanford G. G C. C Goss Goes T t. t 7 E. E Hubbard Allen if tv il K ic H H. Gannon A. A S. S Percy Cropper A. A F. F Phillips and a represents represents- I u live tive of oC THE TELEGRAM 1 A trip trip wasI was made through h WI the Jeff Davis is rr and Amelia I I tunnels I of fl the Bingham Central Standard t V company compan Some of the old workings were WE're Inspected d and the members of cf the party were given ghen their first view of oC the mineral estate of this company which comprises ti acres An estimate of oC the thE ore In sight commercial is 50 placed la at tg grade more t than Some g very 0 h high tons S Sg g grade of d a Jr silver lead c and copper ort ores s are arE opened up and lead d at depth h and It h has been demonstrated ons i W i.-W ed dt t that the ground u contains n the same concentrating ores that have ha made great mines of oC half haU a dozen of the properties producing heavily in Bingham t k now riots Only those who have made a care careful CuI Inspection of oC the four big tunnels that i have have been opened up by Ceo Ceo- 1 j Standard company can appreciate the valuable l holdings g of f this company It has b been hampered g for o want t of finances c nd now that it i Is to be merged with Utah Metals the Boston crowd promIse prom- prom promIse Ise to see that there will wi be ample money for tor doing mining on as large a scale as asbe aswill will d bb be business S practicable lc methods and in The h keeping merger r w with will m mG deal dealto to every shareholder mean mean a great at G oC of on these companies It will wi mean that of oC ears Bingham is to within a a. couple coupe years v have another coupe big producer added to its have present lon long list and the metal output of Utah w wIlt will be increased as a result of oC the great work this company is doing to- to I J dav |