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Show Utah Mine Turns To Other Fields I ' u t"? W-tf T' f ' f t' v v sr i History of the Park City Ajou-golidated Ajou-golidated Mines company which during the past 12 years has been one of Utah's major ore producers, produces startling proof that development de-velopment of the state's resources must be encouraged or the mining industry will decline. Discovering ore in 1928, the Park City Consolidated mined up to 1940 $3,788,255. 11 worth of ore. During this period labor received $2,021.-, $2,021.-, 727. 86 of this for wages, compensa-: compensa-: tion, insurance, social security and unemployment taxes, and $1,270,-: $1,270,-: 000.00 was spent for supplies. Stockholders who made the venture possible have received nothing. In recent years, the Park City Consolidated has scowered the west '. in search 6f another prospect to develop. Its engineers examined many properties in Utah and other western states. Finally a lead property was located in Missouri, which it was believed would merit development. The . company applied ap-plied and has received a loan from the Reconstruction Finance Corporation Cor-poration to develop the lead property. prop-erty. Utah has long been known as one. of the leading mining states, but- now we bow to Missouri. Is Utah losing its attractiveness as a state in which to prospect, or is it a question of exhausting the ore reserves? Apparently not enough consideration consid-eration is being given to prospecting, prospect-ing, or is it true that the reward when and if ore is found, is not sufficient to warrant the gamblp that is always present in mining Utah is confronted with a problem and its solution is earnestly sought by all of its citizens. |