The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1901-10-10
aeklNLEy MINING coAsp AMY.


-----llz&A sl
~. n. acaili 10 4 flsnkes Of the
Executive comnAlttee.
>Darsse the psst *ssK the vi shaft
In he sAxson has been going down
steadily and 81 . depth af thirty feet
quartz eas encountered, tas Il 10 not
yet known what values II contains.
Two shifts are now smploysd Asd 10
work Of dsveiopmsns In 6sina ssd1fls1
saersstisally.
Tbs RlmisA IN ~ Gasstts- -sf Sop
tenbsr % hastha following co,esrniag
ths orssniEseteA Of the NcKzalS1 MIN.
iag cenpsat. the parsicalsssef HhisA
were sivs6 IN the nSWs iaeeks.
| wkss sypserv sahataalsseui -
nass isserssns uiSI11 1tlai sASs Il
bssa eessummated sincs the sstlf uAfa
ot. uipiae tn shis coantry q ASeas 70
be launched and EluirssSsrs GsaAeisl-
Iy interested. sad, ifcurvsss rsrstss -
true, ssssrsl epug fortusse sill Be real
lied.
What the outcome viii be 10 Of course
as JET not known, but IL would sppssr
that the present undertaking cansos
but be successful. The nsuae Of the
new organisation lis the Mckinley Mia
ing Compsnyof which Dix W. Saith
OF this city is Secretary, Next Tuse.
day the cempsny will be Incorporates
With ei, soo, 90 capital.
The names OF the direcsore Of shs
Mckinley Mining company have bssR
sought for several times recently by
representatives OF the press In different
cities, but the officials of the company
thought 1t best 10 keep the matter qsisss
owing TO tho recent tragedy At Bafslos'
which hae left Mrs. Mckinley ia such a
serious condition.
Tho erecntiye committee win be msde
up ss foiiowa: w. NJ McGiil, r, a.
Warrington, George A. Tresdwel1 Miian
Hibbsrd and z. w. Campbell.
1--WE have what We believe to DO the,
greatest mining property in the w6st'',,
said Mr.. Smith 70 q Gazette reporter
this morning. "Since 1t became known
on Wall Street In New York and on the
Chicago exchange that we had the op-.
tions, We have had most dazzling offers
for stock. Capitalists in New York and,
Chicago have brought great pressure
to bsar TO try to induce us to sell out.
We had no ides that the purchase Of
the Mckinley mines would be accom-.
panied by such excitement; our plsn'
wss to operate the mines, work in which
has already began in o quiet way and
make what profit we could upon tho re-
turns from the ORE"
"Will you eventually dispose of your
stock when IL goes up?" Mr.. Smith was
asked. mo, NO, intepd to hold what
interest I now have as q. life invest
ment" said Mr.. Smith.
''Do you expect to increase the cspit-
81 stock II the sales roach propituous
Amount?n
mo, No can not do IL, sccofdiag 20
the tsrrns Of the agreement. and want
to stste right here said Mr.. Smith
very seriously, SHAT II ever 1there was |
IN honsst maa, it wss our late PrSei-'1
dent, william AcKial6s. When I sp.
proseAed him several rnesshs Sss In
regard 10 she miass, AaA paioI1sa our
propositions, Prstiasas McKislSy afsSr
listening carefully to eur Plsus o stassl
said that he would coassns 30 thS sale
only es che condition lhss hib wife
should Be made 4 stockholder and
should have tho stock - Q life is,ssss.
msnt sxd that tho company should 80
be incorporated st over el,sop, oeo. a
"Ths prssident told ne rspsstsaly
thst be wished to havA nothing 70 d
with any mining company 10 any ssy,
and that while scsrcelsss week passed
shat he did not have opportunity - 20
into such enterprises, hs wished; TO have
no other business on Iii mind exespt
his dusiss ss president.
President McKinley's arss desire
Was that shs names of tAs directors
should be submitsed'to sAd approved
by him. This wss done on June II lsst.
l went sAysslf so Washington for thss
purpose. Hsd he lived he would have
bean . director.
At Buffalo last week the nscssssyy,l
preliminary proceedings sefrthe ,psw
company were carried ont ssd all 10 10
readiness for she incorporation. >, u
In sn interview in, hicago yssterdsy
B. W. Gsodseil Of shat city gave out
the following: ,e.'. ~
"Ths new orSspies.ionwiil be kpo~n
% the Mckinley. Miuing .apd. Smelling
Co., and viii be capitalised'at 81, 0t0, 900.
Etiorts we're recently mSde by osstcFn
capitalists TO buy this property with o
Wow of cspitalizing tho same at. $40,
600, 600 but pledges made to President
Mckinley last June to limit the capital
to $1,000, 900 have been fulfilled, and
had he lived he would have boon ono of
the compsnyi's directors. Mrs. McKin-
10y now becomes one OF the heaviest
stock holders of'she company. ~"
"The original ownership was in MIR.
saxton, father of Mrs. William McKin-
ley and OF Mrs. NJ. C. Barber OF Can
ton, Ohio. Upon Mr.. Saxtoh's death
the property fell to George Ssxton who.
WAS shot In Canton two years ago.