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Show w $4.00 Per Tear. 10c Per Copy Prom Newsdealers and Newsboys. A Complete Review of the Mining Operations of Tintic. Volume XX EUREKA, JUAB COUNTY, UTAH, FRIDAY, SEPTEMBER 24, 1920. Standards Record For Year js Good No cause for alarm because regular dividend is not .forthcoming; mine's earn ings high and outlook good. . Tlntlc Standard .stock clumped off to a new low point on Tuecdajr of thia week, following the announcement that the usual Quarterly dividend would not be distributed. This action was taken by unanimous consent of the board, at the meeting held cm. Monday afternoon, and the stock which previously had been selling above S weakened to 12.50, President Raddats of the company said that the board of directors would Issue a statement to the shareholders, explaining their action. He did not care tol give out any Information until the! statement Is prepared by the board but called attention to the fact ihht the company has had a lot of Maw expenses connected w th Its raflrbad and mill. The Tlntlc Standard company last year paid dividends amounting to 47 cents per share, three quarterly dividends of I cents per share and a Christmas time distribution of 23 cents per share. It has paid two dividends this yesr, a total of 9224.786. There are 1,175,000 shares of stock Issued. From a mining man who stands dose to the management it was learned that the reason for the passing of the dividend was unquestionably the heavy cost of the mill and railroad construction. The Goshen Valley railroad has cost approximately 9500,000 and of this amount the Tlntlc Standard company has of the exborne about pense. The mUl, which Is In the course gf construction, will not be finished until December 1, and will cost upwards of 9350,000. Mr. Raddats said of the general conditions at the mine: "The property was never In better shape and we are shipping more ore now than ever before. The company hM this year paid out of Its earnings approximately 91 per share on the stock outstanding, for railroad and mill construction, exclusive of mine and smelter chargee. The statement from the directors, made public on Wednesday, ought to convince shareholders that the mine Is in excellent condition and that there Is no reason to become excited because a dividend has been passed. The report says: "The reasons are manifold. But, first of all, the physical condition of the mine Is not one of them, for never In the history of the mine was there a greater quantity of flrstrclass ore in sight and available than at the present time. The principal reason de-Is that we have been compelled to vote large sums of money this year to the payment of the balance on the railroad and the building of the mill, the two items at this time aggregating upwards of 9860,000. We have paid, as you will recall, two dividends aggregatlngf284, 0011 all out of current earnlngs.TMryear we received 91.14 for silver: this year less than 07 cents.' "Labor during the. last three months has been scarce, and the mine has been running with less then 60 per' cent of the men that they could have employed to advantage. "The smelter charges and freight charges have materially increased. 10-ce- nt two-thir- y Number 47 Western Union Co. Is Asking Tor Sate Increase South Standard Co. Busy , With Development Work Claiming that It loet 94,702 on Utah business during the last five months of 1910, the Western Union Telegraph company, by represent- Reports which are coming from the East Tlntlc section Indicate that the South Standard company is fast get- ting everything In readiness for the Plans wimis for an entirely winters campaign of work. Thei new campaign of power line will most likely be completed within a week or two and by many reasons to believe ore that time the machinery ought to be installed. In the mean time sinking ezisits below old workings. is progressing and the. new shaft Is fast approaching a depth where hoisting equipment will be necesCharles Zabrlskle, president sary. general manager of tbe Lehl-TintThe South Standards shaft will work; j le containing once the sS . International honors were won by the Bingham team to the International Mine Rescue and First Aid Colo., Bept. 0, 10 Xllll ' partment. The warrants ordered drawn were as follows: .from the contingent fund 954.35, from the water fund 961.85 and from the street fund 9113.50. Shaft Contract Let By Tintic-Davi- s Co. s John Davis says that the company of Nbrth Tlntlc has awarded a contract for two hundred feet of shaft work. This work is now under way and will be needed to protect the claims during the present year, the ground being unpatented. Tlntle-Davl- work well ahead of the requirements of the very highest standard of good mining, we planned the sinking of another shaft and the running of various drifts and crosscuts, and had ordered timbers and machinery for these various purposes, but which we were compelled to abandon this year on account of labor shortage. This should be taken up next year. The timbers, of course, can be used elsewhere. The railroad Is now 60 per cent of 60 paid for. The mill is upwards ' percent paid for, and we1 expect to Likewise, wages and supplies. "While we have kept development complete It by December next." - LOOKS Promising 0 i from the adjoining property having simplified their work quite materialSamples Railroads Are Still Fighting For Higher Rates As stated In these coulmns a week ago the railroads are making a determined effort to appeal from the decision of the public utilities commission which prevented tbem from Increasing their rates on ore and coal handled within the State. This week representatives' of the railroads and the smelters asked the mining men to come Into conference for the discussion of this proposition but their request was met with a flat refusal. The mine owners, however, are preparing to meet the railroads in any fight which may be brought about for the purpose of Increasing the freight on ore. It Is question of life or death for the mining Industry and It does not seem reasonable to comsuppose that the inter-stat- e merce commission is going to Interfere. When the matter was being threshed out before the state utilities commission, a few weeks ago, it was shown that freight rates have always been unusually high in Utah and that such charges as the railroads have imposed have seriously Interfered with the progress of the mining Industry. To have granted an Increase would have put practically all of the Utah mines, with the exception of the Utah Copper, out of business. Mining men of Utah are not antagonistic to the railroads, they are anxious to see them prosper, but it Is quite apparent that the same old spirit is now dominating the various transportation lines and that they are determined to reach out. for everything In sight. With them It Is not a question of Justice or equality. They have but little to say when attention is called to the fact that ore from Utah mines Is now standing higher rates than those existing outside the state. The same can be said of Utah coal and It appears that Instead of being forced to fight against an advance in freight rates the mine operators of this state should be First Picture of New York Bomb Explosion. making an effort to bring about a reduction in the existing rates. The figures which are available show that the net earnings per mile for the Union Pacific Ry. system are fully 40 per cent higher In Utah than outside this state and the same condition exists with reference- to the other roads which are doing business here. There are other localities, no doubt, where railroad rates have always been too high and It Is for the purpose of overcoming such an injustice as exists In Utah that puplle utilities commissions have been created and given the power to regulate matters which seriously effect the welfare of their states. Utah mining men cannot help but have a kindly feeling for the public utilities commission which has saved them at a most critical time and in performing a service to Utahs great Industry the commission has shown Itself to be of benefit to the whole state. Tbe people of Utah want to see the mines In operation and those who have taken the trouble to Investigate the matter know that what the railroads are asking for Is not only unjust but unreasonable. The railroads have always exacted a heavy toll In this state but the time is coming when they must treat Utahs industries as similar Industries are treated In other states. The advance which they asked for would have meant an additional expense of 9280,000 annually to one of the big mines of Tlntlc and would not only have robbed the property of all profits but would have enforced the closing of the mine. Every property In the district would have been similarly affected. taken from the strike show high silver values and as the ore Is broken down for shipment it will likely carry 44 per cent lead and over 50 ounces silver. o - o North Standard Christmas Dividend Is Working Two Shifts Sinking Shaft Promised By Standard Officers of the Tlntlc Standard Man-so- sible. Labor conditions are Improving and heavier production will be President Walter Fitch of the possible if this mine Is able to secure Chief Cons. Mining company return- all the help needed. Not only are the ed early In the week after an extend- miners more plentiful but various ed eastern trip and a day after his properties report greater efficiency, arrival here he was, summoned to the men being more willing to give Salt Lake on baslnns for his com- a good days work when they realize pany. He will yetgrn today. His east- that others are ready to take their ern trip was largely for the purpose Jobs. When everything Is taken into of bringing about an adjustment of taxation matters affecting tbe Chief consideration the Tlntlc Standard's Cons, thine. This company has been record for the past year Is an exhit exceptionally hard by the war ceptionally good one and the outlook for the mine could hardly be more time tax measures. promising. -. iiy t . guilty. o Coach Alma Richards of the Tlntlc High 8chool, accompanied by members of the football team, made a trip to Provo on Wednesday, meeting with other coaches of the southern division for the purpose of arranging a schedule of gamea The plan to be followed otat will be practically the same as last year, the winners of the southern division to play the winners at the northern division for the stac championship. The games in jlrhichthe Tintic High School teanLwWTII participate are as follows: October 9 Eureka vs. Spanish October Fork, at Spanish Fork. 16 Eureka vs. Lehi, at Lehl. October 23 Eureka vs. Pay son, at Pay-so- n. October SO Eureka vs 8pring-vlll- e, at Eureka. November 6 Eureka vs. Wasatch, at Wasatch. November 18 Eureka vs. North Sanpete, at Eureka. November 20 Eureka vs. B. T. U., at Provo. November 28 Eureka vs. Tooele, at Tooele. After Interviewing puny land ownIn the Goshan Valley and holding meetings with the land owners to discuss irrigation for that valley, it was announced last week by Joseph R. Murdock and Joseph B. Keeler of the Utah Lake and Irrigation company that a new Irrigation company, to be known as the Goshen Bay Irrigation company, will be organized for the purpose of bringing 80,000 acres of land near Goshen under Irrigation and drainage. These two officers of the Utah Lake and Irrigation company, with former State Engineer Caleb Tanner, have held meetings with the citizens in the Goshen and Mosida districts, where they explained to the farmers the details of launching pumping plants and drainage systems to take care of. the big tract of ground which Is now arid and needs only Irrigation water to be made productive. The farmers were notified that It will be necessary for them to give their financial and moral aid to the project and to take shares of water stock In the enterprise. This they Tintic Zenith, one of the East Tin-ti- e voted unanimously to do and further companies, has levied a small asplaM for the organisation of the sessment of a quarter of a cent per company will be made In a short share. Dr. A. H. McChrystal Is the time. secretary of the company. ers Property damage will exceed 92,500,000 It Is said. The damage to the J. Pierpont Morgan bank being In excess of a half million. Government, state and city officials are bending every effort to run down the Two shifts are employed sinking Mining company state that it Is the North Standard shaft accordingn Walter Fitch Returns practically certain that a substan- to Manager J. H. Manson. Mr. he expected ihe shaft to After Trip To East tial Christmas dividend will be pos- reachsaid October. the 800 level High School plosives. few be electrically driven and when once Installed development work will be Work has been resumed at the carried along at thia property with comproperty of the Scranton Mining more presidency than ever before. pany, In North Tlntlc, after a shutdown lasting more than a month. When the new freight rate went Into Important Change Takes effect the shipment of ore was stopPlace At Pinion Queen ped but it Is understood that arrangements have been made whereby ore production can be continued. The At a depth of over 800 feet an Imore Is a sine-lea- d product and Is beportant change has taken place In ing shipped to Colorado, the burden tbe shaft of the Pinion Queen Minof increased freight rafb being borne The ing company of East Tlntlc. by the purchaser sMhe ore. . The Scranton of some time has solid lime formation has not been been worked by Msees, James Wade reached but boulders of lime and and associates of Salt Lake having bunches of quarts are making their control of the property, some parts appearance and from all indications of which they have sublet to other an Important fissure has been cut. lessees. Considerable ore Is now piled Samples of rock from the bottom of up underground and in the bins on the shaft, which have been shown the surface and the lessees expect to during the week, caused quite a litbe able to ship a couple of carloads tle stir among local mining men, a each week. The cost of transporting some of whom are predicting the ore to the railroad Is now 91.50 strike In the Pinion Queen in the per ton, the hauling contract having very near future. Officers of the mining company been let to a resident of Cedar Valare quite pleased with recent deley. This-fal- l there will no doubt be velopments In the shaft and are considerable work on properties crowding the sinking operations as which are In the vicinity of the much as possible. They feel sure work being that the next thirty or forty feet of Scranton, assessment necessary to hold the claims, most of work will mean a lot to the company. which are unpatented. o-- it was an Infernal machine loaded with deadly TNT and timed to explode at noon the busiest hour on Wall Street but recent developments Indicate that the explosion was caused by careless, handling of ex- Zabrlskle placed an order for hoisting machl- nery and other equipment. AU prospect work which has been going on in the drifts at the Lehi- Tintic has been stopped and the miners are now busy with prellmi-- . ry work at the shaft site. The new machinery is expected to be on the ground within a month or six weeks at the latest and it Is the intention of the company's officers sink the new shaft to a depth-cfTofeet before crosscutting lyuten up. ConBlder,bIa low rade ore has but P t0 present time no deep work has been done, the prospecting consisting mainly of tunneling into the mountain, but by sinking a shaft a few hundred feet and then drifting out east under the present ore showing it Is expected that good values will be encountered. This has been the theory of several prominent mining engineers who have visited the property during the past Scranton Mine Resumes months. Shipment Of Zinc Ore. The new machinery will New Irrigation Company Games Scheduled For Takes Hold Of Goshen Tintic The whole nation rocked with the news of the and Wall Streets great bomb disaster at Broad the Wwandal center of the world when 81 persons were blown to bits and more than 300 Injured by flying glass and debris. This picture the first published In this town, was taken less than ten minutes after the explosion, which occurred at exactily noon on Thursday, Sept. 16. theories are advanced as to the cause of the explosion officials at tint being of the opinion that JERKS J? ySHSrl'SHfSSS as 1- ly. A uva J?J of work is well The new strike made by lessees In the Eureka Hill mine appears to be coming along satisfactorily and the first shipment of ore should be ready within a week or ten days. The lease is operated by L. E. Riter and as--1 soclates of Salt Lake and they are working through the Centennial Eu-- Council Meeting Held . ; New Strike At Eureka - A brief session of tbe city council was held last Friday evening with Mayor Bourne and all members present. Following the payment of the claims against the city there was an Informal discussion of various matters pertaining to the welfare of the community. New gates have been placed at the city cemetery, together with a turnstile entrance which will make It possible to keep the auto gates locked except on days when funerals . are being held. New chemical will be purchased for the fire de- and he opening of new mines. o and 11, when the Bingham men tied for first place .on artificial respiration work. The Bingham team lost in the drawing of lots and consequently must be considered second, but there was not a team In the whole nation that could beat the Utah boys In their respiration work, which is tbe Important point In mine rescue. This news was brought back this week by Carl A. Allen, state mine Inspector for the Industrial who accompanied the commission, contestants to Denver. Last Friday Evening four compartments, sjsssssr Bingham Mine Team Tied For First Place at Denver, People ic Will Sink New Shaft atives before the state utilities commission this week, asked that body for permission to raise rates about 20 per cent on all business originating and ending within the state of Utah. The company was represented by Hiram E. Boothe, who made the argument before the commission. There were no protests filed up to the conclusion of the hearing. Meet Lebi-lmt- eajrujn. The shaft will be senfdown to the before level 1000 any drifting Is done unless a change In the forma- tion comes in before that depth Is reached warranting prospecting according to Mr. Manson. Seven men are employed at the mine and no trouble has been experienced In keeping a full force of competent miners. COAL PRICE GOES UP. 0 Last week the Eureka dealers ad- -. vanced the price of coal to 910.78 per ton, the result of a newt price effective at the Utah coal mines. Just why the coal companies have raised prices Is hard to understand except that It Is In keeping with their policy of passing along to the consumer any additional expenses of operation and to add a little someThere good measure. thing for have been no recent wage Increases at the coal mines. According to Information In the daily press of recent date the Wyoming coal companies are making quite a howl because .our public utilities commission refused to allow tbe railroads an Increase In freight rates on coal handled within the state as It makes it Impossible for Wyoming mines to compete with Utah mines In this territory. Just why Wyoming coal should be coming Into Utah when It is needed in other, states where coal Is not produced In any large quantities Is a mystery and the kick against the decision of the utilities commission Is on unreasonable and futile one. 8upt. Charlie Baker of the Eureka Hill mine returned on Wednesday after a trip to Salt Lake. o Manager Jackson McChrystal of the Gemini and other Tlntle mines returned to Eureka on Wednesday after spending a few days 'at Salt |