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Show Outside Capital Needed I a ( V- ' SSL.' s5n Utah's greatest need today la the re'.uru of "outside cupltul" for the development of Its vast store of undeveloped resources. Years ago . "outsldu capital" took a hand la the development of the state's mineral resources and today the Industry Is the most important consumer of Utah grown and manufactured products. The entrance of outside capital Into the development of Utah mining min-ing had Its inception when the Hatpin-Hearst Interests of San Francisco, California, acquired control con-trol of the old Oularlo claim at Park City, which gave mining In Utah the Impetus '.hat it needed at that time. Haggln and IKarst had heard of (he ore discoveries that were being made In Utah and after the discovery dis-covery of the famous Comstock Lode at Virginia City, Nevada, they ent a scout to Utah to see it another an-other Comstock was in the making here. The Comstock was discovered discover-ed In 1859, hut it was several years after this that the man was aent to Utah. The scout was attracted to Park City by reports of ore discoveries In a shaft a' few miles south and east of the present town of Park City. Tim shaft was being sunk on the Huwkeye claim In what is now called McHcnry Canyon, and In addition to a good showing of ore a heavy flow of water had been developed. Riding horseback, the scout took the usual round about way to reach the workings. After a brief examination, exam-ination, lie turned the prospect down on the theory that the water problem more than offset the ore showing at that depth, and addl- tloiial development would be too expensive. Returning to Park City, then Just a small farm community, the scout took a shortcut over the nioun:ln. When he reached the summit of Ontario Ridge, he saw four men trenching near a Juniper tree. Ha dismounted, examined the prospect and took an option on the claims. His option was for 30 days ami called for the payment of $30,000. Before the 30 days were up Haggln and Hearst had purchased the claims for $27,SOO. This Included the old Ontario claim, No. 37, the first ltled In the Park City district. This was the beginning of a great mining venture. Outside capital was brought in for develop-ment develop-ment and the Ontario yielded $15, 000,000 in ores which went to bus-Iness bus-Iness and industrial chanuels of Utah as well as launching Haggln and Hearst upon a successful mining min-ing venture in Utah. Others were attracted Immediately Immedi-ately to the Park City region and outside capital began to scour the state tor other Ontarlos! John J. Daly went east and financed the Daly Judge and Daly West, old producers In the Park City district. Then the Silver King Coalition was developed: Nothing begets success more than success. Other camps were brought to the forfront Including Bingham, Tlntic, Alta, Frisco in Beaver county coun-ty and others. Along about 1S95 Jackllng and bis associates began to figure on the Utah Copper and In 1904 the foundation for the state's greatest single Industrial enterprise was land when Colonel Jackllng went east and financed tlie Bingham project. |