Show outside capital needed X J f AA greatest need to today dayis Is the return ot of outside capital tor for the tha development of 0 its vast store of 0 undeveloped resources years ago outside capital took a hand lit in the development ot of the tha states mineral resources and today the industry Is tho th most moat important consumer of utah grown and manufactured products the en entrance of ou capital into the development ot of utah min ing liall had its inception when the hearst interests ot of san francisco acquired control ot of the old ontario claim at park alt city which gava gavel mining in utah the impetus that it needed at that tima 1 haggin and hearst hears lind heard of theore the ore discoveries that were being made in utah and alter after thedis the discovery of 0 tho famous comstock lodeal lode at virginia virgin city nevada they sent a scout to utah to see goo if another in tha tho making here the comstock Coms loc was discovered lit in 1859 hut but it was several years after this that the man was sent bent to utah th tha s attracted to park city by reports of 0 ore discoveries in a shaft a few miles south and east ot the tha present town ot park city the shaft was waa being sunk on the flaw hawkeye keys claim in ili what Is now called mchenry ry canyon and lit in addition to a good showing of ore a heavy flow ot of water had been developed eloped riding hoi horseback the scout took the usual round about way to reach the workings after a brief examination he turned the prospect down on the theory that the water pr problem oblin more than offset the ore showing at that depth and adal lional development would be too expensive returning to park city then just a small farm arm community the scout took a shortcut over the mountain when lie ha reached the summit ot of ontario ridge lie he saw four men trenching drenching tren ching near a juniper tree he ha dismounted examined the prospect prospect and took an option on the ilie claims ills his option was for 30 80 days and called for the payment 0 of o before the 30 days das were up haggin and had purchased the claims tor for this included the old ontario claim no 37 the first hied filed in the park city district this was sas the beginning of a great mining venture outside capital was brought in tor for development and the ontario yielded wo 15 in ores 01 ea which went to business and industrial channels ot of utah as well as H agala and headst upon a successful mining venture in utah others were attracted immell abely to the park city region and outside capital began to scour the state tor for other Ontarl Ont arlos ost john J daly wont went east and financed tho the daly judge and daly west old producers in the park city district then the silver king coalition was developed nothing begets more than success other camps were brought to the forefront tor for front in including ing 11 ingham alta frisco in beaver county and others along about 1895 jackling and his associates began to figure on the utah copper and in 1904 the foundation tor for the states greatest single industrial enterprise was was land when colo colonel nel Jacl tUng went east and financed the tha bingham project |