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Show Mining And Financial ties in the way of an equitable distribution of profits were so numerous that the court to which the case was submitted give up the attempt to formulate a basis of settlement and ordered a partition of the property. Thus it will be seen that the Silver King's bargain does not imply a corresponding loss to Uintah Treasure Hill shareholders. share-holders. They will get more than 8 cents a share, which is all they could have hoped to realize for several years if the litigation had continued. Now that the Silver King Coalition is to be given a free hand in the exploitation of the Uintah Treasure Hill and Creole groups we may expect some light on the origin of the pockets of rich ore found from time to time In portions of the ground and earlier returns in the form of earnings than the expiring company with its lack of capital was in a position to promise. If the Silver King Coalition Coali-tion could extinguish as easily the lawsuit of the Silver King Consolidated its shares would not remain re-main long at the ridiculously low levels they have publication to myself or my Interests, other than that necessary to conserve principles and character for the paper, and no requests or representations have been made to you by me for any other pur- , J pose. "My frequent and vigorous protests against certain cer-tain policies, features and articles which have become be-come a part of the publication of your newspaper have been sufficient evidence to you of my dlssas-lsfaction dlssas-lsfaction with Its conduct and of my belief that I have not enjoyed the consideration at your hands and those of the management of the paper that I had every good reason to expect when I became associated with you. I had hoped that your paper would be conducted along dignified business lines, following a policy free from the exploitation of ( personalities excepting as matters of news, and refraining from expressions and discussions that could only redound to the supposed benefit of cer- "j tain interested individuals or associations of them, and which, as an ultimate matter, could not possibly pos-sibly conserve any beneficial interest to individuals, individ-uals, the community or the business, and in fact which could not be of any possible concern to the public, upon tho patronage of which the paper must depend for success and for whose interest and benefit it is presumably intended. "More recently, and particularly during my late absence from the city, you have permitted the paper to indulge in certain discussions and expressions expres-sions that have indicated to me finally the fallacy of my hopes and expectations, as above expressed. These things have appeared under the guise of support of principles concerning which I had previously pre-viously expressed my approval, and I therefore assume as-sume that you will understand that in this particular partic-ular instance my repudiation is directed at the methods of reaching a situation rather than at hte espousal of principles Involved. I hold, however, that the exercise of reprehensible, discourteous and petty methods is no less unfortunate than would be the furtherance of a wrong or vicious principle, and believing that an institution so conducted con-ducted cannot do otherwise, ultimately, than become be-come a reproach upon those associated with its operation, I am impelled to record with you my final decision and declination as to further association asso-ciation in any way with your business. "Certain of your directors will recall that I only refrained from taking this action some months ago as a matter of courtesy and consideration to them, and following their repeated assurances that no further occasion would be given to me upon which to warrantedly base such a course. Respectfully, (Signed) "D. C. JACKLING." occupied since dividend payments were stopped. $p$ That suit is now awaiting determination by Judge Marshall of the federal court, and, probably, review in the circuit court of appeals and the United States supreme ourt. The Sliver King Consolidated is still prospecting prospect-ing from its 1,550 level in the Andes claim. It was reported some time ago that the fissures would be crosscut by a drift on the 1,650 level, but later developments led the management to believe that larger ore bodies might be found above the 1,550 than below it. Accordingly the present operations are in raises on tho fissures at points where the appearance of the rock is most encouraging. There s-is1 s-is1 no lack of mineralization in these fissures. l Samples running Into the hundreds in. valuation can be picked out almost anywhere in the workings. work-ings. It is the discovery of the sources of this en-richment en-richment that has so far baffled the operators and forced the company to live on its capital Instead of on Its income. In the inglorious end of the Uintah Treasure Hill one may see again the unwisdom of Jesso Knight in wandering away from his Tlntlc barnyard barn-yard to become the Chantlcler of unfamiliar henneries. hen-neries. The mistake was not entirely his. After his remarkable success in Bast Tintic his name yW was a valuable asset and everyone who sought to float a company was anxious to get the use of it. Mine owners and promoters from every camp pursued pur-sued him with flattering offers, and it is not strange that he blossomed out as president of companies com-panies in many different regions. The strange thing is that he escaped so many presidencies. No one suspects that he consciously allied himself with any enterprise that did not look encouraging, encourag-ing, but it was Impossible for him to investigate thoroughly and, even had he had the time and facilities for such investigations, he was so imbued im-bued with the geology of Tintic that he could not f understand the problems and possibilities of other districts. The Treasure Hill was one of the most fortunate of these extrinsic ventures, but in that instance Mr. Knight clearly underestimated the amount of development necessary and the cost of making a producing mine. In his own field Jesse Knight is an. expert. His latest demonstration of ability is the discard of the Iron Blossom's cyaniding scheme and the acceptance ac-ceptance of a compiomise treatment rate on the silicious ores. The mill building talk did what it was intended to do and did it admirably, it set the smelter men to thinking. Then the annual report of the Iron Blossom convinced them that the traffic really would not bear what they had been asking, and Jesse Knight's fight was virtually won. Under the new contract the Iron Blossom will clear between three and four dollars on each ton of the 180 tons of silicious ore that the smelters smel-ters will accept daily. "With the proceeds from the silver-lead ore that will be taken from the north end of the property for sopie time, the Iron Blossom Blos-som can go on paying its s's-cent quarterly dividend divi-dend for another year or two. When the Utah public learned from the eastern dispatches that Thomas W. Lawson, as well as Fritz Augustus Heinze.'had had a hand in the man- i ipulation of the Ohio Copper company, the verdfct i was that the stockholders should congratulate themselves on having a mine left, not to mention a half mill. Lawson himself says that Heinze engaged en-gaged him to support the stock. He agreed, he says, to put it to ?8, and was in a fair way to do so when he found that Heinze and his friends were filling his supporting orders. Lawson's statement explains the peculiar movements of Ohio in the spring of 190S, which had always been a mystery to the local speculators. It will "be remembered that tips were flying around that Ohio at $4.50 was a great buy; that the stock was ticketed for Si or more a snnre No one ever knew where the tips originated until the fact came out that this was a part of the Lawson bull campaign. Quite a number of the boys acted on the blind steor. A few a very few sold out at the psychological moment when the share was at its zenith, but the greater number were so slow on the trigger that their paper profits vanished before they could bag them. |