Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1902-03-28
COPPER REPORTS
IN CHURCHILL COUNTY.
The Consolidation Of Two Groups Of
Claims-Incorporated for Five
Million Dollars.

The news comes that a big corpora
ton has been formed to work Cotton
wood copper properties and that two OF
the most promising groups Of claims
in that district have been consolidated
and will be developed as one mine.
The Tribu-ie makes this statement up
on the authority Of o. w. Schweitzer
who was on his way to Philadelphia
last Saturday to complete the detail
of the transaction. All the important
points had been agreed upon and Mr..
Schweitzer was going east to receive
the first payment for himself and Mr.
Boyer. When seen by a representa-
tive Of the Tribune Mr.. Schweitzer
said that he could not make the terms
Of the deal public at this time. He
said. however. that the Bell Mare
group of claims owned by himself and
Mr.. Boyer, and the claims belonging
to the Nevada Copper company had
been consolidated and that the control
had been given to w. w. Gibbs Of the
latter Company. He said that he and
Mr.. Boyer retained a good block Of
the stock out Of the five millions in the
new company and that they also re-
ceived a good sun Of money in adj
dition..
He also said that by the terms of
the contract the new COMPANY is to
begin the erection Of a hundred ton
smelter on the Bell Mare property
within sixty days from the first Of
March. the time when the deal was
made.
1t appears from his version of the
affair that the smelter put up under
the Gardner regime at considerable
expense is not adapted to copper
smelling. At any rate the new plant
was decided upon.
The new company also does away
with the differences that had arisen
between Mr.. Barbee Of Colorado
Springs and Boyer and Schweitzer.
Mr.. Barbee took an active part in the
negotiations and he also gets a part Of
the stock in the new company.
Mr.. Schweitzer said he believed it
would be the plan Of the new company
to continue the tunnel that was start
ed in the Bell Mare canyon to cut the
big copper ledge at considerable depth.
This ledge where it is cut on the Cop
per King claim shows a width OF over
two hundred feet and it all assays COP
per. The big tnnnel will cut under
this work several hundred feet. and
when extended will cut under the old
Gardner shaft house nearly a thousand
feet. II will also be about five hun
dred feet under the tunnel that is now
being run by the Nevada copper COM
pany. This tunnel is nearly a thousand
feet and it is expected to cut the ore
zone any day. The Bell Mare tunnel
is o in about five hundred feet. 1t
is fifteen hundred feet to the lode, but
it is believed that the new company
will push it ahead very rapidly.
This consolidation is the most i'm
portant mining event that has taken
place here in some time. II Is be-
lieved to be a wise move and the sew
eral parties are to be congratulated
1t develops both properties with the
work Of 1t also insures plenty o.
capital to carry forward the enterprise
to completion. Both are considered
valuable properties, showing immense
ore bodies, and it may not be long be.
fore the stock at five millions com
mands a premium.
Mr.. Schweitzer was on his way from
Tonopah. His wife accompanied hin
as far as Lovelock and returned Tues
day evening to Reno where she vii