The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-23

Peter Hack Returns from Confer
ence With Controlling In
terests at Chicago.
DEAL is NOT YET CLOSED
BELIEVED HE is AFTER OTHER
MINES.

Peter Hack. the we'll known Los
Angeles operator who recently puT-
chased more than $4,000 shares of Hon
crime stock at a cost of over S250,OOO,
and who is now trying TO land control
of the entire proposition, returned from
his trip to Chicago Wednesday night.
He said yesterday that nothing had
been closed as yet, though he expected
to be In a position TO talk within a day
or two.
During the day Mr.. Hack was I'm
conference with w. c. Alexander, man
ager of the Black Diamond comDany's
mines, and with Joseph DederiChs.
prominent shareholder in the Black
Diamond company. While the closest
counsel was kept by the parties at in
tereSt. the days maneuvering made 1t
apparent that Mr. Hack and his assO-
Ciates, whoever they may be, are con-
templating the absorption of more prop
critics than the HOnerine in the Stock
ton camp. If the Black Diamond is be-
Ing sought, and il looked yesterday as
though ii was, it may be that the Los
Angeles operator cOntemplates cutting
a much wider sWath in the district than
the purchase Of the one property, great
as il is, would make in the mineral
bearing zone of that rich district
When the draining Of the Stockton
district was undertaken by the Homer
inc company it was with a knowledge
that the deep tunnel would not only
reveal and make possible the eCOnom-
zeal mining of a vast tonnage of ore
in HOnerine territory, but also provide
an avenue through which neighbOring
mines might also operate on royalty
or other equitable and satisfactory ba-
sis. These were the prime reasons why
the long tunnel was run
That work was undertaken before the
mining magnates of the country were
making their plays to merge properties
right and left. though the disposition
was to acquire large stocks of ground
for each important corporation formed
At the present moment nothing short of
the control Of an entire district appears
to satisfy the combinations that are be-
coming so prominent in western mining
affairs. and it begins to look as though
the plans of Mr.. Hack were being
formed with the idea of eventually alb
sorbing all of the proven mines COntig-
uous to the long avenue through which,
as a business proposition, they ought
to be mined.
What was accomplished by Mr.. Hack
during his trip to Chicago and negOtia-
lions with George A. Baird, who is the
man capable of delivering control of
the HOnerine, is not known. 1t is evil
dent. however, that he IS back prepared
to do business in the Stockton camp in
a broad-gauge manner. and his brief
replies to queries yesterday indicated
that he was making rapid progress
with the rounding out of the PROPOSE
ton. as 1t affects immediate moves Mr.
Hack has the reputation of being a
shrewd business man, quick to see an
opportunity and quick to act, but II is
not known that he pretends to be an
experienced mine operator
Taking that for granted, it would
seem as though Mr. Hack is either
backed by or has become associated
with some of the heavy mining Oper-
ators of the country, and that the
hands of the latter viii appear later.
tt may be, too, that he has learned that
powerful interests have been in the
field for just such propositions as a
number of mines at Stockton would
supply, and that he has individually
undertaken the task of getting them
into shape for delivery when he finds it
TO his interests to do so.