The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1905-03-25
IMPORTANT MINING DEAL
New Company to Resume Operations at the Eureka
Consolidated and Richmond Mines.
Famous Ruby Hill Properties That Have Yielded Upward of
Thirty Millions to Be Unwatered and Developed
Eureka's Proud Record as a Bullion Producer.

The people of Eureka were a~greeably
surprised Wednesday morning to learn
that an Z. g. P. special had arrived
about Q o'clock that morning bringing
William Fries, President Of the Eureka
Consolidated Mining Company. and a
party Of mining men interested with
him to look into the Ruby Hill PROPOSE
ton.
The results of this visit justify the be.
lief that the long deferred hopes Of the
people of Eureka for the unwatering
aud extensive development of the Eu-
reka Consolidated and Richmond min
ing properties are actually to be real
lied in the immediate future.
Mr.. Fries stated to the SENTINEL that
his confidence in the value and future
of this property had always been very
strong. and that when conditions were
right for doing so favorably, real work
would be resumed. Mr.. Fries is Presi-
dent of the California Fruit Gamers
Association, and has large and varied
interests. mining and otherwise. both
East and West. We have known at
different times of overtures being made
to Mr.. Fries for his interests in the
Consolidated. but have never heard of
any disposition on his part to sell.
Prominent Capitalists Interested.
Mr.. Fries was met on Tuesday even-
ing at Palisade by Clarence B. Wisner
aud r. K. Humphrey. where a special
train was in waiting to bring them up
to Eureka. Mr.. Wisner is an Eastern
capitalist, associated with many of the
strongest monied men Of New York.
He is identified with them in many
large mining interests in the West. He
is President of the Montana Zinc Com
pany, operating at Walkerville, near
Butte, Montana, also President of
the Butte Smelling Company Of Butte.
Mr.. Humphrey is a well known,
pr eminent mining aud reduction expert
of Colorado and Montana. long identi-
fled with the Guggenheims.
Early Wednesday morning Supt. II.
@. McTerney took the party to Ruby
Hill. where they made as thorough an
examination of the properties and con-
ditions as the limited time at their dis
posal on this trip permitted. While
here they also looked over the old re-
duction works and dumps of both COM
panies.
A SENTINEL representative met the
gentlemen and learned that while this
present move had no connection what
ever with any of the various rumors
which have been afioat for the past few
months regarding sales and operations
of these properties, they believed SO far
as they had seen, the expenditure of the
necessary capital for thorough develop
ment was justified.
Present Prospects Are Encouraging.
The SENTINEL is glad to state to its
readers that from the general appear
ance of things at this writing. oper-
ations on q large scale. ne~cessitating the
erection Of extensive plants, seem
assured, and a resumption Of something
like the old Eureka prosperity. with an
active population ana large pay rolls.
| will result.
While the SENTINEL at the present
| time cannot give the details. we can
| positively assert that the names OF the
parties interested are a guarantee OF
success. They are men interested in
and operating large and successful min
ing enterprises in Colorado. Montana
aud California. The new organization
will be a company with a capital well
above the 81 .0O0. 900 mark.
Supt. McTerney Will Be Retained.
In the more active days Mr.. Fries
was a frequent visitor to Eureka, but
has moi been here for some years. He
expressed himself as glad to find so
many old friends here and things in
general in as good condition as they
are. He stated that MI. McTerney,
for many years Superintendent of the
Eureka Consolidated Company, and for
the last few years of the Richmond
Company also, will be retained in his
present position with the reorganization.
aud continue to represent the Fries
interests in Nevada as in the past.
The party left Thursday afternoon,