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Show MINING REVIEW. INTER-MOUNTAI- N ONTARIO UNDER FIRE. Some rather caustic comment has been made, both in Utah and New York, upon the course of the Ontario management in declaring a ten-cedividend, the impression apparently having gone forth that the treasury of the company was bursting with an unnecessary surplus and that the stockholders wTere entitled to $4 or $5 per share, at least. The New York Recorder of January 22nd contained a column criticism of the course of the directors, in which the writer gave free rein to his fancy and conjured up all sorts of reprehensible conditions and improper motives. He assumed a surplus of $450,000 to $600,000, thought $250,000 sufficient for all emergencies, and wanted to know why the difference between these sums had not been divided among the stockholders. The article then proceeds to expose a damnable conspiracy on the part of Messrs. Haggin, Tevis and Hearst, who are accused of engaging in an effort to form a gigantic mining trust, and the suggestion is made that the alleged manipulation of Ontario g funds is but a scheme, now being executed for the purpose of freezing out the minority stockholders, as a preliminary to the formation of nt stock-jobbin- this great trust. The whole story is of the cock and bull brand, the writer being absolutely ignorant of the true conditions. His assumption that the Ontario surplus reaches half a million or over, and his statement that the drain tunnel has been completed and this item of expense cut off, are both far from the truth. The fact is that the surplus is not $500,000; neither is it $400,000. It is not a very great sum either way from $350,000. The monthly profits at present are between $15,000 and $16,000. Stockholders will be able to see from these figures that a much greater dividend than 10 cents a share on the 150,000 shares would hardly be consistent with safe and conservative management. It would be short-sighte- d policy that would attempt to operate a plant of the magnitude of the Ontario in a h fashion, and there are few stockholders who would advocate a much lower surplus than that now on hand. The company started at the first of the year 1895 with $267,000 in the treasury, and this was increased during the year something over $SO,000. Heavy expenditures wore made on improvements, the drain tunnel, pipe-lin- e and electric plant being the chief items. The drain tunnel was not only not completed when connection was made with No. 2 shaft, but it has been driven 2320 feet further and is still being ahead. men pushed are emFifty ployed upon this work, the monthly pay-ro- ll is $4500, and the total expenditures upon the tunnel during 1895 were $56,000. The expenditures upon the pipe-lin- e were $26,000 and upon the electric plant $18,000. These three items of expense aggregate $100,000. The above statement is sufficient to show that the attack upon the Ontario management is not justified. While the output of the mine might be increased, the wisdom of such a policy, in view hand-to-mout- of the possibility of a better price for silver, is very questionable. While the author of the Recorder article ma.de a sorry mess of his Ontario sensation, he does, however, call attention to one very significant fact, which is that the dividend just paid increases the total profits distributed to $13,190,-000, within $1,800,000 of the total capi- talization, and the value of the provements more than equals this im- NEW WOMAN ON RECORD. new woman is not quite so new as many people would have us believe. She dates back some thirty odd years on the records of Recorder Quinn of the West Mountain district. The following is a copy of a notice of Utahs location recorded April 12, 1864, and the locators, a majority of. whom were wives of the officers then stationed at Fort Douglas, declared their intention to go mining without assistance from the lords of creation: NOTICE WOMANS LODE. strong-minde- d We the undersigned women, do hereby determine and make manifest our intention and right to take up feet, or anything else, in our own the same, independnemes, and ent of any other man. We do, therefore, take up and claim in our own right (200) two hundred feet each and (200) two hundred feet for discovery on this Womans Lode, commencing at this notice, and running in a northeast 7 deg. direction (1000) one thousand feet, and in a southwest 7 deg. direction from the same (1000) one thousand feet, with all its dips, spurs and angles and formations, and whatever other rights and privileges the laws or guns of this district give to lodes so taken up. to-wor- k NfiTTIPCI Mrs. Mrs. Mrs. Mrs. Mrs. Mrs. Mrs. Mrs. Mrs. Mrs. Gen. P. Edward Connor Col. R. Pollock Col. W. Jones Capt. Ketcham Capt. Ewing Capt Hempstead 200 200 200 200 ....200 B. 200 200 S. B. 200 200 Kirkpatrick Nevitt E. W. Farnham 2C0 Kirby Location, April 12, 1864. Recorded May 7, 1864. Rush Valley, Tooele county, West Mountain district. JAMES S. WARREN, Deputy Recorder. Information for Miners. Eighteen cubic feet of gravel in bank or twenty-seve- n cubic feet dry weighs a ton. Thirteen cubic feet of average gold or silver ore in mine, or twenty cubic feet of broken quartz weighs a ton. The value of an ounce of gold is $20.67. The value of a grain is $.043. The coinage value of an ounce of pure silver is $1.36. The value of an ounce of standard gold (900 fine) is $18.60. The coinage value of an ounce of standard silver is $1.22. A ton of silver is worth $32,679 (coinage value.) A ton of gold is worth $496,123. With cast iron as the unit at 1000, the weight of silver is 1448; lead, 1574; mercury, 1880; gold, 2702. The proper heat for tempering drills is 430 to 450 degrees, at which temperature the steel assumes a pale yellow color. Quicksilver melts at 39 degrees, gold at 2016, silver at 1874, and lead at 612. 5 HIKING PATENTS. LList of patents relating to mining is- sued January 28th; reported for the Mining Review by J. F. Corker, Patent Solicitor office Nos. 311 and 312. Atlas block, Salt Lake City, Utah. Copies furnished for 25 cents each. 553, SOS Ore sampling machine, David W. Brunton, Aspen, Colo. In an ore sampling machine the combination of a hopper or funnel through which, a stream of ore is precipitated, a swinging or vibrating deflector hung beneath the hopper or funnel and in the path of the falling stream of ore and having a series of compartments separated by solid division walls, the alternating compartments having bottoms which slant in opposite directions, and also alhaving discharge openings arranged deternately at opposite sides of the flector, thereby alternately to deflect the falling stream of ore. to the right and to the left for such relative periods of time as may be necessary for securing the requisite sample from the falling stream of ore, and means to swing or vibrate said deflector through an arc of motion sufficiently great to tip up the upper edges of the division walls to throw off from them any accumulation and thereby always to present sharp clean edges to the falling stream of ore. . 553,560 John Ore concentrating apparatus, Ouray, Colo. In an ore S. Loder, concentrator the combination with a belt and a water conduit provided with jet orifices of a vertically adjustable pulp receptacle located above the belt and in advance of the conduit, the bot- tom of the receptacle provided with a series of hollow brushes through wrhich the pulp is discharged. S. A. West,-Sa553,634 Amalgamator, Cal. An Francisco, amalgamator box, having a comprising a three-side- d series of inclined shelves or supports projecting from one of its sides toward the open side and terminating short of this latter side; a removable cover or. side for closing the open side of the box, said cover or side having a series or shelves or supports inclined oppositely to the shelves of the box, and projecting inwardly toward the closed side of the box and terminating short thereof, whereby spaces are left between the outer ends of both series of shelves to enable the material to pass from side to side throughout its course; amalgamating plates secured to said shelves and extended beyond their inner end and over said spaces to the wall beyond, and having that portion which lies over the spaces provided with apertures, and means for imparting a shaking movement to the box. 553,775 Method of and apparatus for placer mining. E. D. Bronson, Denver, Colo. In an apparatus for use in placer mining, the combination with a sluice-bo- x or line of sluices, of a force pump and flexible hoze drawing water from or line near the base of said sluice-bo- x of sluices, and delivering it under pressure to the mass of material to be treated for the purpose of disintegrating and drenching the same, and a centrifugal pump and flexible connections adapted to convey the disintegrated and drenched material to said sluice-bo- x or line of sluices. 553,816 Process of and apparatus for extracting gold from its ores. Louis Pelatin, Paris, France. A single continuous process for the extraction of precious metals from their ores, and the amalgamation of the same, which consists in treating ores with a comparatively weak solution of a soluble cyanide, such as cyanide of potassium, adding thereto a peroxid, such as hydrogen binoxide, increasing the electric conductivity of said solution by adding chloride of sodium, increasing the solvent power of said solution by passing a relatively weak current of electricity through the same, retaining the sodium chloride in the solution practically without decomposition and continuously revolving the anode in the solution over a fixed cathode of mercury. For the extraction of gold and silver |