Show 1 44 I 1 i M M gi mattu e rs t e 1 I DUNYON TALKS encouragingly OF EAST SIDE properties four teet feet ot of what has baa every semblance of high grado ore has been exposed in the park king mine at park fark city adjoining the park utah mine according to manager newton dunyon in the tha western mineral AlL survey of last friday mic showing has been opened opened up on I 1 the level about teet feet from the shaft in the oot wall ot of a sixty two toot fissure with an east west strike believed to be the cistern continuation ot of the park utah vein i the ore lies iles on the ot of the vein and goes up and down strong making to the east when first opened up it spanned but six inches across since the ore has widened to tour four teet feet at the last report assays essays ot of the samples sent to the smelter had not been received but mining men who saw the th ore pronounced it to tie be almost identical with that mined in the old ontario years ago in the Ont arios bonanza days the first assays essays run on the ore carried low silver values according to mr dunyon which was surprisingly inasmuch as the ore gave every promise ot of carrying high lead values samples being assayed carried patches ot of black green and grey mineral with considerable white iron the ore occurs in the ontario quartzite which produced the millions ot of dollars taken from the park utah and the ontario to the east development at the park king has been inspired by the thought that with strong fir assuring Suring evidently making directly into park king ground from the park utah and with the country rock productive of or more in the ontario and park utah another mine mina might be made to the east ot of the productive park city area operations are also being carried on by mr dunyon and associates lates farther to the east in the park standard adjoining the old valeo in the park standard the company Is prospecting strong I in both the ontario quartzite and the park city limestone SHORT SELLING IN SILVER MART alart BRINGS WARNING says arthur brisbane those recently selling silver metal short on the metal exchange are again advised to get out ot of that position they should read what rene leon had to say about abou t silver monday in cyrus H K curtis newspapers N ninety 1 nety per cent ot of the worlds population Is off the gold standard and functioning on highly fluctuating currencies repudiation Is the order ot of the day as evidenced by abundance ot of moratoria mora torla torl a and suspension ot of gold payments by a majority of nations france and america cant play the game ot of the gold standard alone like soll soli tarle reno rene leon suggests legislation making possible the discharge of allied debts contracted in ili gold by payment part in gold and part in silver at some lome reason med mediately 1 abely remove all danger of paper cre able ratio this procedure would lin dit inflation arid and put an end to gold hoarding boarding write this on your tablet the money system ot of the world will be modified ninety per cent of the worlds people are of the gold standard two countries have gold the united states and france the others must use something tor for money and will use silver the only other precious metal the average human being knows what silver Is or thinks he does when a chinese got an english bank note even in 1 days when it was supposed to represent gold he hurried to the bank and changed it tor for sliver silver then he knew he had money incidentally with all her civil wars and troubles chinas cainas exchange stands very high I 1 senator borah ol of idaho wants silver I 1 made into money at the rate of 14 to one that wont happen but the amount ol of silver produced during the last 10 years has averaged less than 13 times the amount of gold produced weight for weight and n d gold L Is s th boid poid selling at almost 70 ti times me the e price rice 0 of f sliver weight tor for weight that will not last all the gold in the world amounts to about 11 per cent of one years income of the united states in good times the world cannot do business I 1 on that amount ol of money bokus or juggle it as you will utilize silver on a proper basis and you will stop hoarding it president hoover and secretary mellon will realize that and act energetically and promptly they I 1 will start business going encourage trade all over the world and especially among I 1 gold one billion human beings that have no I 1 and incidentally they will meet wisely a very big danger tor for the republican party in 1932 SILVER GOOD MONEY MONET DURING 2000 YEARS A washington D C dispatch under date of october says sliver which ruled the money market tor for 2000 years until it was unseated during the last century by gold still is used tor for coinage more than for any other purpose says a bulletin from the washington headquarters ot of the national geographic society when abraham paid in sliver silver for a grave for his wife years ago one of the first payments in silver was recorded the early use of silver as money was in the form of ingots ingols seven amundred years before the christian era the lydiana a truck struck off the first coin containing silver liver it was an alloy of gold and sliver silver coins were tolotea in III britain in ISO B C the britons filed clipped and otherwise mutilated the coins and attempted a to exchange them at face value the practice was so general that mat henry I 1 promulgated a law whereby hereby the mutia tors lost a hand as a penalty silver succeeded copper as the dominant money metal about two centuries before caesars caesara Cae sars time the romans ex cx plo aloie their domains tor for copper and flooded the market with the metal when the roman matron had to load a donkey with copper to buy suM sufficient clent food for a I 1 feast day leaders of finance sought a I 1 scarcer metal thus began silvers 2000 year career in III the money world i the united states dollar got its tg name from the original sliver silver dollar struck off in joachimsthal a bohemian vi village linge in the sixteenth century the coin bore a likeness of st the patron saint of the 1 milage mage the owner of the mina from which the sliver silver was nas taken named baffled the coin a the germans called the coin a thaler c the dutch abbreviation was daler bhea the tha coins reached england the broad i was war discarded tor for an 0 o and another T added to make the coin a dollar columbus did not know that he had bad discovered the worlds greatest silver producing region less than 30 years alter after he sighted land an expedition landed at vera ver a cruz under the command ot of corte i and penetrated mexico it found natives literally articles of silver this was the first european contact viti alt i silver of the western hemisphere today the americans produce mor mo than 80 per cent of the worlds supply lf t silver with mexican mines giving up about two fifths ot of the worlds supply the mines of the united states account tor for about 25 per cent although the sinking ot of the price ot of silver in recent years has stifled the silver mining industry peru germany india and japan are the leading sources of silver in their respective continents utah Is the ranking silver state ot of the united states colonial america used spanish pieces of eight as well as british silver coins in 1794 the mint struck off the first united states silver coins haff ha Halmes almes halt half dollars and dollars two years later the silver dime and quarter appeared from 1813 to 1887 a trade silver dollar lor for use in china was struck off and from 1851 to 1873 appeared a silver 3 cent piece orientals Orient als have developed a genuine a affection for silver the metal Is so malleable alle that it ea easily s lly c can a n be w worked or k e d b by y artisans t i sa n su j it t c can a n b be e be beaten a t en to a t thinness h 1 nn e ss a of f one 0 n h hundred n dr e d thousandth of an inch until 1893 indians could exchange silver tor for rupees at the indian mint in prosperous years excess money ot of the peasants was used to purchase silver which they fashioned into jewelry tor for the fernin lre members ot of their families in lean years tile the sliver silver objects were exchanged for rupees at the mint to keep the wolf from the door although the mint discontinued the exchange the indians affection for silver has not waned indian brides stul still are ashamed to face the public without sliver silver adornments the sliver silver market in fix china and india booms when crops are good and many marriages take place STOCK SALES FOR WEEK FRIDAY new quincy loc park premier 1000 ac SATURDAY new quincy ac I 1 1 sliver silver king coalition 1000 MONDAY silver king coalition TUESDAY new Q quincy 1500 loc park nelson 1000 ac sliver silver king coalition WEDNESDAY park city con 14 and silver king coalition 1430 and 3 r park utah 1 THURSDAY P park ar k city consolidated 1500 14 anc park premier 2200 5 and ac I 1 park utah e silver king eang coalition i ORE OBE SHIP SHIPMENTS INTENTS silver king coalition park utah consolidated total A NEW MINING COMBINE SUGGESTED in the november utah mining oil and Fl finance nance a publication by tte A P ridge company of salt lake the rho following suggestion in part is made 1 I dont know whether this ts is the time and the place to make a suggestion or not but I 1 have been thinking for some months that the new quincy people who are able and aggressive mining and the star of utah and mayflower people who are able and aggressive mix mil tog ing people should get together and consolidate soll clate star of utah and mayflower and park paris galena and new quincy this would give the new company about five and a half or six miles of mining territory from east cast to west ore or northeast north east to southwest and right through the center of the very heart of the mineralized area st at park city such a company would make a great success and tor for the next fifty years it would be the big mining company of cf park city it would be for park city what the sliver silver king has been for the last 39 years for the next forty or my fity years it would bo be one of the greatest mining companies in the world and one of the greatest dividend payers in all ahls tory mayflower has a bout about a mile and a half northeast and southwest then comes star of utah just west of mayflower end and joining mayflower and star of utah has more than two and a halt half miles then comes the new quincy holdings extending east and west or northeast and sout i west pretty nearly two miles this a would be one of the greatest mineral areas and one of the best beat located areas la in th worlds bostory mayflower and star of utah are working on OIL the east end cud of this ground and the new quincy people ai aai working on the west end of it they could connect up the workings and them the would have two outlets out lets for their ore and they would have splendid air circulation cu and the advantages are so many that it would be difficult to go into t P I 1 these matters without taking up toa much space mayflower and star of utah and par galena and now new quincy are all one piece of ground separated by imaginary boundary lines they have the same godlop and pretty much the same master fissures this great area would something like six miles east cast and wes was right through the heart of the tha district and it would give the new company a advantage that few mining companies la in nil alt the worlds history have had I 1 have always thought that there ars one weak link in the mayflower and ste of utah and park galena chain and al alf 0 o ono weak link or one detect defect in the nev nei quincy the new quincy has very a aggressive gres Cres sive and a young a tive mining man at the licad head arld and one c the best mining men in the west he ha is s the man to take charge of the develop ment and a man like mr moors moore ll 11 i better suited as a consulting engineer engine cr and 0 financier and nd a man of matu judgie judgment t whose counsel Is A man like mr moore could be put tt rt the head bead as president of such a 4 con or consolidation and the pres 1 I 1 continued on page four I 1 aih H iichi i aih li I 1 mining matters H H i H continued from page one dent ot of the new quincy mining company could be put in as vice president and general manager ol of the new company or new consolidation SILVER STILL ON THE UPGRADE UP GRADE 1 word irom from salt lake this afternoon gives the pleasing information that s silver liver was quoted at 34 cents today a cent and a quarter increase over yesterdays quotation t i STAR OF UTAH GIVES FINANCIAL REPORT the following financial statement is submitted lor for publication by president charles moore of the star of utah mining company financial statement or balance sheet august 20 1931 ASSETS property mine property property Prop eity eity 00 buildings an and equipment 00 furniture and fixtures 1000 00 automobile I 1 total property 00 current assets cash on hand S 81 00 accounts recel receivable i 2785 00 material and supplies 00 total current assets 9 deferred charges mine min genoval development 00 general development total deferred charges S 00 i total 00 liabilities capital stock authorized shares par I 1 outstanding current liabilities i 00 accounts payable borrowed from stockholders eis I 1 2915 00 1 I 1 total current liabilities other liabilities a 8 yet dus due on mining ground 00 due chas moore 00 lRe total other liabilities Ees cives selves reserves for depreciation on furniture end and fixtures Fix tules es 3 00 ua buildings and equipment 00 au automobile e 00 crude oie sales total reserves a oo 00 total receipts receil t s R and ti d D I 1 bai r 1 evaie ii t R august su ati b t 30 10 1931 sl fina 00 RECEIPTS stock sales and cash advanced by chas booie ore sa s1 les boarding house etc 00 stock traded for mining ground at a share 12 00 borro borrowed w c d from stockholders oo 00 current it bills 2 ni i nn 00 total receipts 1 expenditures 8 ul t nn purchase of property locating claims and acquiring property slid and perfecting titles to same 1 improvements and cevelo merit 8 00 development on property equi equipment pro I 1 automobile cash on hand maternal Mat at er erfal ament al and othu supplies p plies etc all ali other r expenses accounts payable cinq nn 14 1 total note casi cash on ha hand n d 0 of fa 1 8 81 1 0 00 0 is 1 included n C au de d 1 in n t the h e a bove above 7 u on 4 |