The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1905-12-07
STATE OF NEVADA
GREAT COMMON
uEzEEsg -
WEALTH
The Opportunities are Here and
Only Need Intelligence and
Capital to Make Wonderful
Progress.

The announcement comes from the east
that Colonel John Weir has finally round
ed into form the affairs Of the Nevada
that, within the next few days perma-
nent officers of the company will be elect
ed and that the campaign at Phoebe, IN
Beavercounty. and at Bingham. Utah,
will be inaugurated upon a scale in keep
ing with the magnitude of the enterprise
and the value of the property. 1t is also
reported that construction on the twenty
eight miles of railroad that will connect
Phoebe with the Salt Lake route at Cali
ente. most of which is already graded,
will begin soon; that shipments from its
Last Chance mines at Bingham will De-
gin within a month and that the mines
at Phoebe will commence marketing ore
before May /.
That the company is prepared to carry
out it's plans Is evidenced in the state
$4,000 in cash. which is to be applied to
development purposes The company
is Incorporated under the laws OF Maine
with capital of SIS, ,000 000-1, SOC. 900 shares
of par value of $40 OF the total num-
the cancellation of $1.O 10000 in bonds
ber of shares only one-half have been Is
sued-425,0 900 went to the properties and
1t is reported that all of the 325.000 shares
have been sold through a New York ana
Boston brokerage firm for 50 share less
commission. so the new company will
really have at its disposal not far from
81 100000. and. as indicated above, 100000
of this is already paid in.
The properties of the company consists
of thirty-five claims at Phoebe. including
the Raymond and Ely, Meadow Valley
oche Consolidated. together with the rail-
roads. smelters. etc., the Last Chance
group at Bingham. and the Comet prop
erty. adjoining the Newhouse Cactus bo-
nanza in Beaver county.
The mines at Phoebe are now being
placed in trim for heavy production ana
the work of retimbering some of the deep
shafts. eQuipping them with modern ana
heavy machinery. etc.. is now progress
ing steadily. One of the mines is already
in shape to produce 100 tons OF ore q
day OF a fine huxing grade and which. II
is estimated. can be shipped to the smelt-
ers here at a profit of at least 81 ton.
net. The Last Chance is equipped with
a mill and this Is to be placed in commis-
sion between now and the first Of the
which has already produced sl.250,0O0. is
to be made to begin earning big money
again. The Comet is recognized as %
nanza property and its development on a
big scale Is also to be inaugurated with
out delay.
Colonel Weir has been selected as pres
ldent of the big company and his ripe ex-
perience in the mining business, which
has extended over many years. will re-
dound to the advantage Of those who
have Joined him in the enterprise. George
F. Milliken. his general manager. is rated
as a man Of exceptional ability and judg-
ment. 1t is understood that Colonel Weir
will reach there about the end OF the
present month.
This tremendous undertaking and it's
opportunities for the legitimate and safe
Investment OF capital were first recog-
nized by A. B. Lewis. who labored un-
ceasingly to land 1t where it belonged.
Mr.. Lewis spent a great deal Of his own
money on the proposition and when he
found that the load would be too much
to bear aion~ he interested Colonel
Weir and finally turned the whole raattsr