Show Outside Capital Needed 3 t. t a y f utah's Otah's greatest need today Is the return of outside capital for the tho development of Its vast store of undeveloped resources Years ago outside capital took a hand han In the development of the states state's mineral resources and today the Industry Ja Js the tho most important consumer of Utah grown and manufactured products prod The entrap entry entra e a of or outside capital Into the development of Utah min rain mining raining ing had its Inception when the tho Haggin Hearst Interests of San Francisco California acquired con con- control control control of the old Ontario claim at nt Park City which gave mining in Utah the tho impetus that it needed at that time and Hearst had heard of ot the ore discoveries that were being made in Utah and after the dis discovery dis- dis discovery covery of the famous Lode at Virginia City Nevada they sent a scout to Utah to see sea if an an- another other Comstock was In tho the making here The Comstock was discover discover- discovered ed In 1859 but it was wag several years after this that the tho man was sent to Utah The scout was attracted to Park City by reports of ore discoveries In a shaft a few miles south and east cast of the present town of Park City Tho The shaft was being sunk on the Hawkeye claim in what is isnow isnow isnow now now called tailed McHenry Canyon and andIn andin andin In addition to a good showing of ore a heavy flow of water had been developed Riding horseback the tho scout took toole the usual round about way to reach the workings After a brief exam exam- examination ho turned the prospect down on the theory that the tho water problem more moro than offset tho the oro ore showing at that depth and addi addi- development would be too expensive Returning to Park City then just justa a small farm community the scout took a shortcut over the mountain When he reached the summit of Ontario Ridge he saw four foul men trenching near a Juniper tree He dismounted examined the prospect and antI took an option on the claims Ills His option was for 30 days and called for tor the payment of Before Detore the 30 days were up Haggin and Hearst had purchased the claims for This included the old Ontario claim No 37 tho the first filed in the Park City district This was the beginning of a great mining venture Outside capital was brought in for tor develop develop- development ment meat and the Ontario yielded 15 15 in ores which went to bus bus' iness mess and industrial channels of ot Utah as well as launching Haggin and Hearst upon a successful min ing lug venture in Utah Others were attracted immedi immediately to the Park City region and outside capital began to scour the state for tor other John J. J Daly went east and financed the Daly Judge and Daly West old producers in the Park City district Then the Silver Sliver King Coalition was developed f Nothing begets success more mora than success Other camps were brought to tho the including Bingham Tintic Alta AHa Frisco In Beaver Deaver coun corm county ty and others Along about 1895 Jackling and his associates began to figure on the Utah Copper and andin andin andin in 1901 the foundation for the states state's greatest single Industrial enterprise was land when Colonel Jackling went east and financed the tho Bingham project y |