| Show One Of Utah's Forgotten F Mines Ines There are many mines that have sprang prang up from time to time that could rightfully bo be called forgotten forgot ten mines These are the mines which produce produce produce pro pro- duce ores but dont don't quite make malee the tho grade when it comes to paying paving dividends dividends dividends di di- to stockholders or handsome handsome hand- hand some somo returns to individual owners Of or the great number of ot prospects there only a fow few which really become be be- come como great mines An example is the Park City Consolidated Consolidated Consolidated Con Con- property at Park Parle City Based Dase on the tho amount of ot tonnage mined the company from 1920 In to 1939 1930 was one of the Utah's leading lending producers Durin During this period however how how- over ever the metal content of the ore was only sufficient to pay the normal operating expenses and the stockholder received reechoed no return on his liis investment The rhe company produced from the Park City property over the tho year 10 p period ores valued at of oC which was paid to labor in wages compensation Insurance insurance insurance in In- social security and unemployment unemployment unemployment taxes was spent for supplies and equipment insurance power and paid in taxes and paid for freight and umpires on ore sales Here is an example where virtually virtual virtual- ly all the money produced was spent here Then along came a slight increase in costs and the property was forced to close down and is still closed down Generally tho the mining industry of or Utah spends 90 00 cents of every dollars dollar's worth o of ore mined here in the state The company however Is staging stag stag- ing ins a comeback in Missouri where it recently developed d a t lead prop prop- erty |
