New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-19
70 AMALGAMATE MINES.
Proposition to Unite Several Large
Properties at the Rossland Camp.

Rossland, p. c. June IS (speciaD-Interesting de-
velopments in connection with the affairs OF the
lie Roi Mining Company, Limited the big corpora
ton foated by the late Whitaker Wright which
owns'the lie Roi mine at Rossland, and the smeIt-
er at NOrthport, Wash. may be looked for within
the next few weeks, as a project having for IS
object the amalgaHation Of several large mining
properties II the Itosslaad camp has already been
launched. and the shareholders of the various
companies interested viii shortly be called upon 10
express their approval dsapproval of the scheme
The project in question. which contempIatss the
merging of the Centre Star Mining Company Lin
ited the War Eagle Consolidated Mining and De-
velOpment Company. Limited; the Bossland Power
Company, Limited and the ROssland Miner Print
ing and Publishing Company. Linited-corporii-
lions under the control of the Gooderhan- BLACK
stock Syndicate, of Toronto, ont, with the lie RoI
Mining Company Limited and its subsidiary cor
poraton. the Northpcrt Smelling and Refining
Company. Of Northport, Wash. has been u subject
negotiations past years but no definite result
could he reached. owing to the uncompromlsinS az
titute successive general managers OF the lie fSol
Company have assumed in regard to it. 1t would
now appear Il the Goodernam- Blackstock Peo-
pie, who have all along been DESTROYS OF eHectlhg
the combination had seized the opportunity a.
foraed by the absence Of professional mining man
at the head Of the lie Roi's affairs TO reopen the
negotiations and force them TO an issue Inc IN
terests of the last named company are ternporlIlS
IN the charge Of its managing director. Anthony J,
with the anlagamation scheme. hence it is prooaHe
that the lie Ro's board Of directors may De IN
duced TO recommend its acceptance at the IoI
coming meeting OF their shareholders.
The formal announcement of the proposed Iner-
GER was r1nde few days ago in the columns OF
The Rossand Miner" journal owned py the
Ciooderharn- RIac kstock Syndicate. which printed
what purported 10 be n cable dispatch from Lon
don setting forth the details of the schenne anu
the advantages which would accrue to the COM
panies concerned by its operation The puonea-
ton created both amusement and conservation IN
Rossland-amusemeut because the cable message
was a palpable fake" and CONSERVATION by reason
OF the fact that the amalGamation. II accomplished
would prove disastrous 70 the camp While the
cable message recently to the directors OF the
lie Ro Company by John H Mackenzie the san
Francisco mining expert, who recently made an
clear that the average pToUuct OF Ie y -
could only be prontably handled by means OF
method OF concentration owing 70 rs IoM 60 &c.
Il is open secret that the tTOoQeFIlaHi-
stock mines are practically denuded of good ore
and II has not vet been demonstrated TO the salts
faction of the ROssland community that COhCeI-
+ratou could be successfully applied upon the ore
still remaining in their Slopes. EVidently, tle A-s
Rnj has r0tbIne, 10 gain from the proposed com
hinaton. and Is risking the opportunity II sun
has Of retrieving it's fortunes by steady adherence
70 business principles. -r-,,.
corporations. appears 10 be unfortunate IN the Sc
lection Of it's directors. No member or the present
board has had any practical experience In inihls,
and much surprise Is expressed IucaIy uat tiis
corpanys interests should be placed q this crlt-
cal tirne in the hands of Managing Director NC
MilIau-a stock and share hruker--whose state
mems 20 ne Shareholders at a meeting recently
held in London we're wholly discounted by su6se-
ouent developments. 1t Is understood that Ny.
n fortnight for the purpose OF actively promoting
the anna ganation scheme he has in view