jumped down into the hole that he had dug, the surface of the ground was
about as high as his waist, and he could jump in and out by putting his
hands on the earth. I saw that he was very much interested in the
appearance of the ore, which at that depth and at that time did not show
more than a streak of eight or ten inches of mineral. I was at that time
what they called a "tenderfoot," and had not been in the mining business
long enough to be an expert, and to my inexperienced eye there was
nothing unusual in the appearance of the ore, but Mr. Hearst did see
something, and he determined then and there to purchase the Ontario
prospect, and arranged when we returned to Salt Lake City with Mr.
Chambers to keep a watch over its development, and purchase it when he
saw an opportunity to do so. Mr. Budden and his associates asked $5,000
for the prospect when we were there, but Mr. Hearst thought it might be
bought for less, as it was nothing but a prospect. But as the
development of the mine progressed they raised their price for it $5,000
every time they were asked the terms, until at last it was up to
$30,000, when Mr. Chambers purchased it for Mr. Hearst and his
associates in San Francisco, Messrs. Tebis and Haggin. Mr. R. C.
Chambers was made superintendent of the mine, and has remained its
manager from that period until the present, he being one of the
stockholders, as well as the superintendent. The mine has grown and
developed until it is one of the great mines of the Rocky Mountain
region, and under Mr. Chamber's supervision has been extremely
successful and profitable to its owners. Its output, up to 1892, has
been over $26,000,000, over $12,000,000 of which has been paid in
dividends to the stockholders. This showed that Mr. Hearst was an
expert, for he was really one of the best judges of minerals I ever met.
Utah has furnished the mining industry with some very remarkably rich
silver mines, among them the Eureka, in Tintick District; the Eureka
Centennial; the Chrisman Mammoth, a large gold and silver mine, and the
Beck and Hornsilver, in the Frisco District; the Crescent; the Daly, in
Park City District; and Ontario, as well as a great many smaller mines
in the various parts of Utah. In Montana we have one of the greatest
copper mines in America, called the Anaconda. It is the leading mine in
Butte City, though they have many other remarkable mines in that
district. Then there is the Granite Mountain, the Drumlummen, in
Marysville District, also in Montana. But the greatest output from any
mine yet discovered was the Comstock, in Virginia City, Nev. It has
produced more millions of dollars than any other silver mine in the
United States, its output being about one-third gold. The mining
industry of the Rocky Mountain States and Territories is only in a fair
way for development. The State of Colorado furnishes some very rich
mining camps; also New Mexico and Arizona.
Public-domain text, read in full here on John Shaqi.
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