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Show THE CITIZEN 11 ture of building MINING THE FOUNDATION Weekly Mine A nd Oil Review OF THE WORLDS WEALTH. time Chief Cons, officials realized the importance of the find. As development of the ore deposit progressed Manager Hugh Trenholm of the several shipments were made, all of Knight mining properties arrived back them being credited to the Grand Cenat the mine after spending a few days tral with the exception of the one carat Provo where the, regular monthly load recently taken from Plutus ground. In the future mining operameetings were held on last Wednestions will be under way on both sides day. Reports were submitted showing the healthy condition of the various of the dividing line and the new will increase the Grand Central's Tintic mining enterprises of the Knight people, particularly the Iron output as well as place the Plutus among Tintics regular shippers. Blossom, Colorado and Dragon. The The ore runs well in silver and also Iron Blossom directors announced the regular quarterly dividend of 2 cents carries some lead, gold and copper. The control of the Plutus, in fact a a share, or $25,000, which will be paid out to the shareholders on the 25th of large percentage of the outstanding this month. stock, is owned by the Chief Cons, peoThis dividend will bring the grand ple, who acquire the controlling intertotal from the Iron Blossom mine up est several years ago. After acquiring to $3,400,000, according to information ownership of the property they started a most extensive campaign of degiven out at the Provo office. The officers state that the mine has been velopment work, cutting the Plutus earning money at a satisfactory rate tract from various levels of the Chief Cons. mine. All of the work performfor more than a year and Tintic people are anticipating a continuation of ed previous to the time when the Chief the 2 cent quarterly dividends. people took over the Grand Central had been in the north end of the estate of the Plutus and while it reUTAH PROFITS ARE LARGE sulted in opening low grade ore, a FROM REVIVAL OF COPPER. commercial product was not found until the development campaign was Utah is benefitting substantially started from the Grand Central, this from the improvement in the copper new work cutting into the south end industry. At Bingham every modern house is occupied and every hotel and of the Plutus holdings. For a number of years assessments were levied rooming house is full and turning for the purpose of partially taking business away. The mines are increasing output and merchants are care of the prospecting of the Plutus but later the officials of the Chief looking for a prosperous year. A year Cons, company decided to relieve Pluago the camp was desolate chiefly betus shareholders of this burden and cause Utah Copper, which is the big operator of the camp, was shut down. since that time the parent company has advanced all the money required Utah Copper is increasing production, its Arthur mill at Magna is going at in the development campaign. Eureka capacity handling around 17,000 tons Reporter. a day and the Magna mill, which is beSENATOR KING WOULD ing remodeled into a flotation plant, EXTEND SILVER PURCHASES has five units running and overtime work is being done to get the remaining units ready. This plant will have A bill directing the secretary of the twelve units when finished of 1,000 treasury to purchase 86,000,000 ounces tons capacity each. However, it is unof domestic silver over purchases now derstood that the crushing department contemplated at $1 an ounce was inis being changed so that capacity will troduced in the senate by Senator W. be greatly increased. H. King, according to a dispatch from Washington. The treasury department PLUTUS MINE ENTERS last week informed Senator King that MAGICAL SHIPPING LIST. the purchases provided for by the Pittman act would at the present rate be Plutus shareholders, who have completed about September. The bill introduced by Senator King is de3ign-ebeen hanging on for years in the hope to require the purchase of sufficient that the ground would be brought into the productive stage, have reason for domestic silver to continue the $1 an rejoicing. This week Plutus is in the ounce price for at least a year after shipping list, its first carload of ore the Pittman act expires. It is a somewhat similar bill to one now under having been sent forward to the smelter a few days ago. Manager Cecil discussion in Congress that would staFitch says that everything is now in bilize the wheat market by federal purreadiness for stoping operations in the chases. The treasury department rePlutus territory and he feels sure that ports silver purchases as now being regular shipments, perhaps a carload made at the rate of approximately ounces a year. of ore daily, can be expected. Senatdr King with Ravenell It will be remembered that the of Idaho appeared before the minstrike from which the Plutus has just commenced to ship was made some ing committee of the senate recently months ago about October of last and urged that legislation be enacted to empower the president to appoint year and that the ore was first disa commission to confer with other nacovered in Grand Central ground near tions regarding silver and to urge inthe line which divides the Grand Central and the Plutus. The ore appeared creased use of the metal in arts and on a break which traverses the Plutus coinage both of which have declined since the war. for several hundred feet and at that DIRECTORS DECLARE REGULAR DIVIDEND. IRON BLOSSOM ore-bod- There is a disposition among many people, and even among those living in mining states, to under estimate the importance of the mining Industry and the value of mineral products in the economy of nations. For this reason there is often a tendency to impose burdens upon those engaged in mining in the form of excessive taxation and otherwise which operates to discourage mining enterprise, oblivious to the fact that the baleful effects extend far beyond the mining industry. As applied to the stae, this means retarding the development of the natural resources, thus depriving the people of the benefits that follow the investment of capital in productive enterprises which sustain large payrolls, support large communities and provide permanent markets within the state for the products of the state. Besides this direct local benefit, the metals produced enter into the manufac material, railroad equipment, electrical goods, and countless thousands of articles of convenience and necessity in daily use. In fact, civilization itself is built upon a metal foundation. This Idea was expressed by Cecil Rhodes, the uncrowned king of South Africa and who gave that rich mineral domain to the 'British empire. Rhodes said: 'Mining has been the foundation of the worlds wealth from the beginning of time. The governments rich in Why Lots of People HUNT MARABELLE Because Marabelles Is the place to get first class tailoring, cleaning and repair work. 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