Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-12-31
SENATOR LEWIS
NEW COMPANY.
Announcement Made of the Form.
alton OF q Fifteen Million
Dollar Concern
TO OPERATE WESTERN MINES.
Organization to be Known as Utah.
Nevada Mines & Smellers corpor-
alton OF Malne.

Announcement has been made from
New York to the effect that state
Senator A. B. Lewis has completed the
organization Of the Neyada-Utah Mines
& Shelters corporation which is or
ganIzed under the laws Of the state OF
Maine for sl5,OO,OOO, divided into $780,
900 shares, Of a par value OF so each
The officers Of the company are John
Weir, president; Edward e, Cragin, vice
1 president; Herman Doud, treasurer; G.
]. Caughey secretary and John Dos
Passos, general counsel The board OF
directors consists Of John Weir w, S
Mccormick, Edward F. Cragin, Herman
Doud A, b, Lewis. J, 2. Haynes John
Griggs, Charles J. Hodge and Edward
+ Prudential
The properties which are TO form the
basis OF the corporation are the Man
haitian Phoebe Consolidated, at Phoebe.
Nevada also the old dumps al Bullion
Vile and Taylorsyile: the Comet, linz
perlal and Montreal. in Beaver county,
and the Last Chance property at Bing-
ham.
The organization OF the above named
corporation ls the elimination OF more
than a years hard work by Senator
Lewis and now that he has succeeded
In bringing together a formidable syn
dictate OF eastern capitalists who pro-
pose TO conduct their operations along
the strlctest lines OF business principles
the senator Is to be congratulated. as
It Ia quite we'll known that he has
passed through some very trying times
and has encountered circumstances that
would discourage the average man. The
company has been organized a good
deal along the lines proposed many
months ago for the Royal Gold a Cop
per company, and embraces practically
all the properties intended TO have been
taken over by the Royal
II has been learned that 100000
worth OF bonds have been subscribed
for the proceeds from which are to be
applied In acquiring title to properties
now under bond and In the performance
Of development work upon them, which,
It Is said, viii be inaugurated soon ar
ter the first OF the new year II ia
not the intention Of the new company
to consider the erection OF reduction
works until the mines are ready for
them but when that time comes they
will be provided.
John Weir, the president OF the COM !
pany and who Will also serve az It's
general manager, Is prominent New
York capitalist, formerly associated
with the Guggenhelm Exploration com
pany Edward r. Cragln is a promi- I
nent New York capitalist, and Treas
urer Doud Ia Identified with New .
York banking interests. ]. p Haynes,
q director, resides in Chicago, and Is
largely interested in western mines;
Charles j. Hodge Is a well known .
Michigan iron manufacturer and Is
familiar 10 Utahns because OF his |
with Bingham mines. Sec
rotary G. j. Caughey was formerly ]
secretary OF the Majestic Copper Min
ing e. Smelling company Edward +. /
Prudential is at present superlntend-
ent OF the properties owned By the Ma
jestic company In Beaver county
Further details concerning the new
company viii probably be released
upon the return Of Senator Lewis next
week.