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Show THE CITIZEN imiininiiiiNiiiiiiiiiiiiiiiimiiiiiiiiiiiiii.i'iiiiiiiHiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiniiHHiiiiiiiimiiiiiiiiiiiiiiii A Oil Review and Mine mly IIUIIIUIIUIIHHIIHIIHIUV nterests Thomas Marioneaux, attorney for the Silver King Coalition. Idaho, March 15. BRITISH ZAMBE8IA HOLD8 CLUE TO LOCATION OF KING SOLOMONS MINES. ELOP BONANZA AHO GOLD CLAIMS. The a of .extensive placer opera-reHammon Engineering which jg Cm Francisco, for been 10uk costing $800,000 have -- 1 , has been followed r8fard of engineers of the Ida- 700 Corporation, which owns atijlodeinining claims adjacent jni of Rocky Bar and at the the placer beds. The Idaho pontlon is managed by with the Mammoth Otitic, Utah, and the Silver Park'; City, Utah, joint pro-iteof millions. The Idaho potation has absolute title to iOpHauntain Goat and adjoin-whic- h have a record jo of many millions of dollars, jerty is continuous over and v Alfhp-adgold belt two miles IFmore than half a mile wide. jyitioaThe company has ownership of two and mjmilea of placer ground around, lllediately contiguous to main tah (of its Vjshnu and Mountain parties and adjoining the bond of the Hammon Engi- nmpsny. and Mountain Goat of 27 lode mining tth a production record from (60s to the middle of the 80s high-grad- e gold ore, ton. These claims line and endline the Elmore hich during the same period ,000 worth of ore, also ton. mtaatton made of the proper-tineer- s reveals that only a rt of the Vishnu has been d the work was done in an he manner, owing to lack of ition .and other handicaps. have been sent down to an hallow depth of less than 250 there, is evidence that the depth. Adjoining yllJwvteing a distance of 5,000 n all probability carrying the of the vein system, was dhed In the old days, but is j made to yield its riches, esident of the Idaho Gold on is Earl McIntyre, of Salt r. He is manager, and, with U Principal owner of the mine of Utah, which (taction record of $15,000,000, years ill going strong. The vice- ?ne8 Ivers who Is also ny Mfffn.manasing director. Ivers in tW of .the Silver King Coali-iOOns e r ! fa-nmo- th fl Company of Park City, ich has paid $14,000,000 in tto; date and has not yet climax of its career. It this mine that the late Thomas Kearns and 4th amassed their immense The secretary is Judge Unit-Senat- fc or Rhodesia, or British Zambesia, ranks among the chief gold bearing countries of the world. The ancients mined 'and carried away enormous quantities of the precious metal, but under, scientific mining systems of the present day their operations will be greatly surpassed, says the New York Herald. Perhaps Rhodesia was the ancient land of Ophir, the land of the mysterious King Solomons mines, but the theory is strongly combatted by some investigators. The ancient gold workings are the basis of modern workings. For every ten square miles of Rhodesia there was one ancient mine; that is, there are 7,000 old holes, which means that stupendous wealth was dug out of the earth in those remote days. Much of this wealth must have gone to the north and east. Experts assure us that the ancient smelting furnaces are still easy to recognize. They are sunk into the ground. The furnace blowpipes are made of the finest granite powder cement, and the nozzels of the blowpipes are covered with splashes of gold. When the first lining became worn by the heat a fresh lining of cement of an excellent quality which has outlasted time was smeared around on top of the old lining. One can take an old lining, split off the layers with a knife, and find gold splaches in abundance. ancients wasted gold lavishly. Gold has been found in large quantities in the form of pellets as large as buckshot near the furnaces, and also thrown away on the debris heaps outside of the old buildApparently the ings. h cent per pound ing to about over the price we quote. Besides the paint business, cable companies, storage battery and other manufacturers have been filling their requirements. Ore producers report sales in carload lots to a number of different consuming classes and hails this as an encouraging sign of reviving and prospective activity. Possibly producers have been anxious to book lead freely because of the possibility of Mexican lead coming into the United States. However, the prices received for Mexican lead shipped abroad have been too attractive to encourage shipments of the metal to this country. Engineering & Mining Journal. it by the company is .correct and the reductions claimed are such as may be legally claimed under the Utah statute. This does not mean by any means that the company will not pay any taxes, though the total assessed valuation will, if the showing of the company is correct, be cut about one half. The companys showing, which, as a:ready intimated, is subject to careful checking and examination by the state board of equalization, indicates an assessed valuation for 1922 of $10,384,-26in Salt Lake county and $12,000 on a hydraulic pump line in Tooele county. This is in addition to the valuation reported of $170,721 on the Garfield Water company, which is owned by the Utah Copper, and to whatever one-tent- -' G valuation may subsequently be placed on the Bingham & Garfield, railway, also owned by the mining company but not included in the report of this week. The. total assessed valuation of the company in 1921 was MENACE. BUCKET-SHO- P , Bucket-shop- s are a menace to any The New York stock ex- community. change recently endeavored to discipline several organizations of this na- ture by cutting off their wire service. We learn that the indictment of about twenty operators of bucket shops in the financial district of New York is imminent. It appears that some of the firms advertised to sell certain standard dividend paying stocks for 25 per cent down and the balance in weekly i LEAD MARKET SHOWS INCREASED DEMAND IN MANY BUSINESS LINES. The official contract price of the American Smelting & Refining company remains at 4.70c. Lead has been sold by other interests at this general New York level. In fact, business has been unusually brisk for several producers, and not a few large-sideorders were placed in both markets. Corroding lead has been in particular demand in the middle west at a premium amount- d installments. When the payments were nearly completed the victims were told that they then could become partners in a pool, the avowed object of which being to make investments from which large profits could be expected quickly. If the client had no available cash he was invited to allow siiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiii: Announcement to Our Readers The Citizen, through an arrangement with the I. C. GAUMER MAGAZINE SERVICE of this city, has secured a limited number of H. G. WELLS (( OUTLINE OF HISTORT 99 the latest revised edition, and illustrations the same, except for the complete with e edition Authors corrections and revisions, as the original of which 250,000 copies have already been sold. THIS WONDERFUL BOOK OFFER in one magnificient volume of 1200 pages text-ma- p The tools of the ancient workers which have so far been discovered include a small soapstone hammer and rock, burnishing stones of water-worto which gold still adheres. 'There are evidences that the ancients carried on an extensive industry in the manufacture of gold ornaments and utensils. thousand dollars worth of Thirty-fivgold ornaments were taken in five years from the ruins of Matabeleland two-volum- n e alone. UTAH COPPER CO. TAXES FAR UNDER PREVIOUS YEAR. Net proceeds of the Utah Copper company in 1920, amount to $3,060,580, were replaced in 1921 by what may be described as a net operating deficit of 083,753.56. The .company in 1921 paid taxes on an assessed value for its mine, as distinct from improvements thereon, of three times the net proceeds of $9,181,740. This year the item will be entirely eliminated from its tax bill, if the state board of equalization finds that the Teport made to One copy of H. G. Wells Outline of History, and One full years subscription to Review of Reviews, and One full years subscription to The Citizen. This $13.00 value for only payable as follows: $2.75 with order and balance of $4.75 when History is received from the publishers. $7.30 THE CITIZEN PUBLISHING CO. 311-31- Phone Wasatch 5409 2 Ness Building After Business Hours, Was. 9867J MAIL COUPON TODAY The Citizen Publishing Co., 311 Ness Bldg. Gentlemen: Please reserve for me one copy of II. G. Wells Outline of History. I am enclosing remittance of $2.75 as first payment. .iiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii'iiiiiiiiiiiMiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii.'i TT |