The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1898-08-03
PIONEER DEAL AGAIN ON TAP
Many are of the Opinion That the Affair will
Draw to Successful Focus This Time.


concerning the Pioneer are ram
pant about the country. Whether
there is any truth in the floating tales
or not we are at loss TO say. Mum
seems to be the word among the
Oliver people, in Ely at least, and con-
sequently interviews are manufactur-
ed by imaginative persons and retail
ed on the street corners for the edi-
fiction of those who are anxious TO
hear Of something new regarding the
Pioneer. and the latter class comprises
everyone in the city.
Something is in the wind however.
81. W. Oliver and DR.. Hulst arrived
in the city this morning and i'm
mediately made arrangements for
trim TO BURNSIDE TO consult with
Martin Pattison, one Of the fee owners
of the Pioneer, but whether 1t was on
Pioneer business or not is hard TO say.
Chances however, strongly favor
the latter theory as the Oliver comp
any have for considerable time been
negotiating for this mine and accord
ing 10 the Duluth Herald, has secur-
ed some understanding with the fee
owners and Pioneer Iron company.
The Herald says:
1.-The Herald is informed that the
fee owners Of the property have reach
ed mutually satisfactory agreement
with the Oliver company for the eI-
tension of the lease, and all that re-
mains tob done to conSummate the
deal by which this brig mine, now
idle, shall pass into the control OF the
Oliver company is the transfer to 1t
OF majority Of the stock OF the COM
pany. just how far negotiations for
the purchase of the stock have pro-
gressed cannot be learned at this
time. but it is believed by those in
terested that the differences that
have heretofore prevented the trade
have been adjusted, and that it will
be only matter of time when the
Oliver companywill come into poses
sion.
One thing seems certain and that
there is no likelihood of the Pioneer
Iron company, under its present man
agement. ever resuming the operation
of the mine. The fee owners and the
controlling powers in the company
have been at loggerheads for long
time. and the breach was materially
widened when the mine closed down
last fall"
Martin Pattison will be in from
BURNSIDE tomorrow morning and will
accompany Messrs. Oliver and Hulst
TO Duluth, Many are OF the opinion
that the deal will be closed within a
short time. Should this be the case,
it would be about as good thing as
Ely could wish for. 1t would mean
the employment of between six and
ten hundred men more than at pres
ent.
Those concerned in the deal are
very retricient regarding the affair
and do not say more than actually
necessary. DR.. Hulst when inter
viewed in Duluth Tuesday said:
1.-The Oliver company has not yet
purchased any mines at Ely. 1t still
holds on to the option of Section 26,
he said, although it has not yet found
sufficient ere to warrant the purchase
of it. In regard to the Pioneer and
Zenith mines he did not wish to be
interviewed. The Zenith. he said
has been closed down, DR.. Hulst
said that the Chandler mine had not
get succeeded in selling all Of its out
put, and other mine operators were
finding the ore market very slack.
There Goes not appear to be as large
a demand for ore as there has been
reason to expect there would be, and
the necessity for operating mines now
idle is not therefore very pressing"