The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-11-14
A RUSSIAN ARMY REVIEW.

We're not denied by some who were on
! the INSIDE on the proposition.
ut was intended at first said Mr..
Airs to a Herald man last evening,
ito keep the whole matter Sc
cret until some final arrange
ments could be made. 1t was agreed
when Mr.. De Lamar was given the
| option that he should send his men to
the mine and let them make thorough
| inspection. and if it was found that
he did not wish to buy the papers
would simply be torn up and the work
ing of the mine would go on as though
nothing had occurred. However, in
some way or other the matter has
leaked out, and though we intended to
say nothing until it was either a buy
or quit, think l can now speak.
Mr.. De Lamar has been given an
option on a control of the stock at
$3.50 per share. AS there are 100000
shares this would make the purchase
price something over $1,500000. Mr..
Dern, Mr.. Heinrich and l have about
100000 shares now, and these we will
turn over to Mr.. De Lamar if he should
conclude to buy. The other shares are
in the hands of small holders all over
the country, there being about 100
or sell. as they choose. getting the
same rate as we do if they feel like
letting go. From what l hear from
my Nebraska friends and others asso-
ciated with us in the matter, l believe
they will generally conclude to let go
If we do, and hold on if we hold on.
Mr.. De Lamar's men have made a
complete inspection of the mine dur
ing the past few weeks, and I now be
lieve that he will conclude to make the
purchase. In fact, from what / learn
from Mr.. De Lamars agents and from
his letters, / think | am safe in say
ing that sale is assured,
Will Stay Here.
LAS to those of us who will give up
ouf. interest in the mine can only
speak generally, and say that I be-
lieve they will continue to take an ac-
tive interest in the camp. We are
heavily interested in the Malvern and
properties there, and we will continue
our operations in them. I have lived
6, long time in the east, and have had
enough of it. | think ] can say the
same for Mr.. Dern. We have lands in
Nebraska yet, but in that region times
are pretty hard We like salt Lake,
and |, at least, intend to make this
city my home.
II have always had faith in the
L
a great property, and have shown my
faith at times by buying il stock that
was offered. 1 have not yet lost my
faith in it. I believe that today it is
IL better shape than ever, and that /
with more development it will grow !
richer"
This great sale OF Mercur property,
If it is contaminated, will give Cap
tain De Lamar immense holdings in the
L r,i, Ii ro;+
In the Mercur properties by taking
bonds on claims, buying them out
right and operating them in all direc-
tons. It is evident that he intends to
make very heavy investments before
others secure all the good things to
be found in that section of the coun-
try
The passing of the Mercur dividend
caused a Slight furry in Mercur
stocks generally yesterday morning.
The panic struck the Mercur heaviest,
however Some of the small holders
grew frightened because they did not
find their usual notices in their morn
Ing mail and did not credit the ex-
planation given by Mr.. Dern. There
fore they FASTENED to get rid of their
holdings. a number of offers were
made at $3.50 and Sc, without finding
takers, and one muchly frightened
Ildn Welt even DGIOW lu6 ldlleT uSuTe. d
Towards evening sale of 200 shares
was made at Sc. That was only
transfer made SO far as could be
earned.
a number of offers were made to
Mr.. Airs yesterday. but he declined
% buy advising the intended sellers
% hold their stock Towards evening
he stock stiffeped up and was being
held at $3.50 to 81. AS soon as the
holders learn of the De Lamar option
he stock is likely to jump again to
Y so
There was no need for apprehen-
'ion,' said Mr.. Airs. The passing
If the dividend was agreed upon after
much consideration as to the method
# paying for the Matte group and
settling for the improvements made
IN the mill and otherwise about the
nine. The mine was never in better
hape. We could have paid this divi-