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Show 1 1 The Market and The Mines If' The Centennial-Eureka last summer nibbled tentatively at the rim of the Bullion-Beck. The taste must have been satisfactory for the United f V States Smelting, Refining & kilning company, j ! suzerain of the Centennial, has swallowed' the I: Bullion-Beck at one gulp. Formerly the Cehten- I "( nial-Eureka and Beck came together at a jagged i' uneven boundary line, a line so crooked that It I j might have been a monument to commemprate I i the route of a homing miner after an evening of I if j revelry in town. Thl3 sawtooth boundary vexed i the orderly soul of the Centennial manager and was the despair of the surveyors of both com- l, I panics. Nevertheless they endured the discom- 4 fort for many years rather than make conces- 1 1 sions In the matter of price. In the good year i $ J 1908, however, the negotiations came to a satis- I factory conclusion, the Centennial paid a large j ; i sum to the Beck and the latter resigned its points, i jags and angles to the Centennial. A new line ,f.. ' of demarcation so straight that it could be fol- H ' ' y lowed only on Sundays was laid out. Now oven B U i j this mark is to all intents and purposes oblit- H m crated. The Centennial-Eureka Mining com- m J i pany owns the Bullion-Beck and the United m States company owns the Centennial-Eureka. It B j HJ t is said that 50,000 of the 100,000 shares of Bullion-B Bullion-B J- ? Beck stock changed hands in the deal and that B pt, i the price was something more than $100,000. B ti - - J B llfil For the present, at least, the Beck will main- B Jim 1 1 tam its separate Identity with Phllo T. Farns- B j .; ; "' f worth continuing to act as president and hold- !i, a ing his place on the directorate. But these hon-5 hon-5 I , ors are already empty ones and It will be only B If a short time until the famous old property will 1; II be so thoroughly merged with its big neighbor jLt ' that It will be remembered only as a name In hls-L hls-L j j tory. And while it was making history the Bul- ( j lion-Beck went somo. It was opened along about H 1 1871 and soon became famous throughout the H; if country for the purity of its silver ores and the Hf '' l size of its ore shoots. It also made a reputation B J- as a litigant being plaintiff in the most expends expen-ds 4.j , sive legal battle ever fought in the Utah courts. m , , f In 1883 it began an action against the Eureka H (' , 4 Hill for alleged trespass which had cost half a B ' 1 million dollars when It was compromised just H ' ( outside the door of the United States supreme m '; v i court. The compromise left each company where m i i j1 it was before the suit began. Those were great B l j . days for the lawyers and the bar of the state B vi will always have a warm place in its heart for the ' m '!! Bullion-Beck & Champion, as It was called at H :l 1 1 lnat thne- m j k The biggest thing in sight in the way of a H j I I mining suit at this writing is a claim for $5,000 H ji J preferred by the Moscow Bonanza Mining cornel corn-el jit, pany against the Burning Moscow Mining com-Hf com-Hf ; li pany in Beaver county. Five thousand dollars! B J'l l? Verily we have come upon degenerate days. Like H A l snowballs rolling down hill the big mining propyl prop-yl , ; I 1 1 orties gather up their smaller and weaker nelgh-Hj nelgh-Hj ' j Jj 'i bors with no more thrilling accompaniment than H j j the writing of a check and the recording of a B ' 'f 41 deed. In the arena of justice the legal gladiators B j j gladiate and the judicial arbiters arblt while an B j r awe-stricken world awaits with bated breath the H Jjj & fate of five thousand dollars! B ' S B .' j Every newspaper we pick up contains some-jH some-jH j ';!- thing that emphasizes the concentrating process B j. 'i at work in the mining world. A short time ago B i two big, strong corporaf'0ns and a dozen minor B I Jr companies were engaged in developing the gold B fi, I1 reefs of Kimberley. Today the tunnels and B "i I drifts are silent and the mills are rusting while B f4 jji great financiers round out mammoth comblna-MB comblna-MB 'j, , tions embracing whole rangos of mountains and 5 if countless valleys. In the words of Alfred Carr, m ' IBBttHHMHHBBBSBSBSBiBBBBBflEHH purchaser of the Annie Laurie mine and president presi-dent of the Gold Mountain Consolidated Mining company: "We have a tremendously big proposition prop-osition to whip into shape and this is not the time to talk about it." Salt Lake is willing that he should leave the talking to Taft and Bryan if he and his associates Will saw wood diligently. The gold resources of the state have not only failed to keep step In the march of progress, but are dropping back. Mercur is' the only auriferous camp that is mak-ing mak-ing good. The La Sals, Marysvale, Park Valley and San Juan are waiting for something to turn up, and Bull Valley ah, Bull Valley! Wherefore art thou, Bull Valley? Because of the "con" that was disseminated in thy name? Clearly an organization or-ganization like that suggested by Mr. Carr is needed to restore a very important and promising promis-ing branch of our mining industry to its former activity. Gold Mountain, with suitable treatment treat-ment will furnish the raw material .for a second Homes take. & Much of the mystery surrounding transactions transac-tions in Carisa has been dissipated. The revelation revela-tion did not work out to the notion that Col. C. E. Loose, but it worked out. The Colonel had planned plan-ned a neat little drama with a sensational climax. All the mining writers were to be employed as soldiers, villagers, attendants, etc. The Colonel was to come down right center among the plaudits plaud-its of the multitude and tell in thrilling accents of the re jcue of Carisa, reserving the name of the gallant rescuer until the last, and concluding: "Behold the man who done it!" It was a beautiful plot, but its execution was too long delayed. Col. Loose, breathing mystery, told the reporters to be patient and when he got back from Tintlc he would give them a nice story with sugar on it. But alas! When he returned after giving Superintendent Itossburg the boots, the reporters had received his story from New York sans flowers, sans slow music, sans applause. The only Carisa mystery that remains re-mains unsolved is the manner in which the Colorado-Sioux ore body is supposed to hump itself in order to enter Carisa ground and Col. Loose positively refuses to throw light on it till he finds out who is elected governor. ((5 V ?i By reading reports from the east one can leairn almost anything he wants to about the Utah Consolidated and its plans for the erection of a smelter on the Tooele side of the range. He can learn that the smelter will and will not be built, that the Standard Oil crowd is and is not out of the company and that the Guggenheims do and do not want a contract for smelting Utah Con. ore. The average man is so busy believing all he hears from the presidential candidates that ho hasn't time to believe much else. After election, elec-tion, perhaps, he may find time to digest conflicting con-flicting reports concerning the "cheapest copper producer." jT j? K1 With the return of Mr. Newhouse more details of the new smelter being constructed near the Boston mill at Garfield have been made public. It is to have a hundred ton capacity and will be purely experimental, including the new Fink process, pro-cess, which If successful, will mean many changes in smelting. It is a new idea and if it works successfully, will result very advantageously advantageous-ly to ore producers. Mr. Newhouse states, that his experiment is merly for the benefit of the industry in-dustry and not as a competitor. The new idea is smelting is receiving his personal backing and he expects the plant to be ready within a month. |