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328:, but the mine has not seen significant production since that time. In the 1970s, the present mining company, Horn Silver Mines Inc., purchased the property and has done annual assessment work on it ever since. The mine is currently located on private property, but several buildings from its historical production era remain standing in various stages of decay.
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accounted for in the company's financial records. In 1887, it was revealed that
Francklyn had embezzled over $ 600,000 from the company's treasury from 1881 to 1885. Washington gathered as many company shares as he could, and managed to take control of the company at the next meeting in 1888. Francklyn himself was involved in another scandal with the
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Mining operations began to slow down after 1910. When the significant ore bodies were worked out, very few new strikes were made in the mine. The mine was worked intermittently until 1931, when large-scale production was again attempted. This only lasted two years; by 1933, the mine lay idle once
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In
February 1885, this large cavern caved in and prevented further development of the mine. The mine owners sunk a new shaft and began cautious development on a small scale. In 1887, the company's largest shareholder, Allan C. Washington, noticed that there was a significant amount of money not
287:, bought the Horn Silver Mine for the sum of $ 5,000,000, an unprecedented figure for a single mine at the time. Under Francklyn's management, the mine was put into mass production which saw the opening of a large cavern to extract the ore.
275:, two prominent figures in Utah's history. A large deposit of silver-lead ore was quickly uncovered and the new owners began developing the mine in earnest. This led to the establishment of
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ore, was developed. The company released yearly reports showing expenditures, receipts, and income from the previous year in the local newspapers, most often the
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From 1888 to
Washington's death in 1907, the Horn Silver Mine was managed with financial transparency and economic efficiency in mind. The new ownership built a
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The mine was discovered in 1875 by Samuel Hawkes and James Ryan. In 1876, the mine was purchased for $ 25,000 by a group of men that included
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264:. Primarily a silver and lead mine, it also produced significant amounts of copper at the turn of the 20th century.
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deposits were located at the bottom of the mine, plans were put in place to process this vast resource.
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252:is an abandoned mine in
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313:Salt Lake Daily Herald
135:38.44972°N 113.27566°W
285:Charles G. Francklyn
140:38.44972; -113.27566
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273:Matt Cullen
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126:113°16′32″W
114:Coordinates
31:unless you
187:Discovered
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123:38°26′59″N
281:Jay Cooke
304:tailings
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84:Location
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223:Company
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308:copper
210:Closed
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