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Show Utah Mine Turns To Other Fields i - """" . , - :- History of the Park City Consolidated Con-solidated Mines company which during the past 13 years has been one of Utah's major ore producers, produces startling proof that development de-velopment of the state's resources must be encouraged or the mining industry will decline. Discovering ore in 192S, the Park : City Consolidated mined up to 1940 . $3,7S8,255.61 worth of ore. During j this period labor received $2,021,-j $2,021,-j 727.86 of this for wages, compensa-j compensa-j tion, insurance, social security and unemployment taxes, and 51,270.-j 51,270.-j 000.00 was spent for supplies. I Stockholders who made the venture possible have received nothing. ' In recent years, the Park City I Consolidated has scowered the west ; in search of another prospect to i develop. Its engineers examined ! many properties In Utah and other western states. Finally a lead property was located in Missouri, which it was believed would merit development. The company applied ap-plied and has received a loan from the Reconstruction Finance Corporation Cor-poration to develop the lead property. prop-erty. Utah has long been known as one of the leading mining states, but now we bow to Missouri. Is Utah losing its attractiveness as a state in which to prospect, or is it a question of exhausting the ore reserves? Apparently not enough consideration consid-eration is being given to prospecting, prospect-ing, or is it true that the reward when and if ore is found, is not sufficient to warrant the gamble that is always present in mining. Utah is confronted with a problem and its solution is earnestly sought by all of its citizens. j |
