The Pioche weekly record. [volume] (Pioche, Nev.) 1906-1908, 1906-12-14

Inc details were closed today (
Of the purchase by Samuel New
house of control of the old Ohio /
Kentucky mine at Phoebe, New,
together with half interest in
the only water supply in that
section, known as the Highland |
Springs, together with a four
mile system of town water mains
eight miles of five inch water
pipes connecting the springs with |
Phoebe, and considerable real es-
tate plated into lots in the town
says the Salt Lake Telegram.
Mr.. Newhouse said that the old
mines would be worked vigor-
ously, and to this end the opera
tions would soon under way.
His requirements of the Ohio
Kentucky group, the water and
the town water system amounts,
when considered from one point
of view, to buying the heart of
the Pioche mining district.
The news of his advent therein
will undoubtedly be hailed with
delight by the citizens of the
town. The owners of the other
properties throughout Phoebe
section, and will lead to the COM
plete rejuvenation Of the same in
far more rapid and comprehen-
sive degree than has been antici-
pated, even though the construc-
ton of the railroad between
Caliente and Phoebe has
been viewed with pleasure and
large anticipations by many
holders of property there for
several months.
The deal whereby control OF
the hio-Kentucky Mining com
pany passed to Mr., Newhouse
was 50 quietly conducted that no
suggestion of its pendency had
) been heard by the public.
: Yesterday there was a meet
J ing of the directors of the COM
: pany at which, among Others
l present were President Hackett
of Louisville, KY, the well
known and wealthy distiller.
Mr.. Hackett came on for the
special of attending the meeting.
He resigned the presidency Of
the company, which was accept.
' ed, and at Mr.. Hackett's sug-
a gestion Mr.. Newhouse was elect
4 ed to the position.
Transfer of a majority of thu
J. stock was then effected. There
y are but 10000 shares Of the
J, stock, the Ohio-Kentucky having
1 been a close corporation.
g The property of the compan,
9 consists in the Currency, Green
n back, Silver and Independent
e mines, covering the heart Of thu
: big porphyry ledge, or mothe
e lode, in the Phoebe district, an,
d on which is situated the famou
n Black ledge, discovered in tn
s early '70's, and which create,
It the greatest excitement Of tina
r period.
y The prophyry ledge has beer
a developed by deep shafts sun
s. along it's course, and tapped in on
: place 1900 feet below the surfac
" exposing a virgin territory fc
20 the most part to the surface
.e while along the bottom the ledg
~ goes on down strong, with ever
'S indication of extending to sti
II greater debths. It's ores contai
II high values in sulphides of silvt
>, lead, gold and some copper, ar
d al also zinc blende IS found in lare
quantities in the lower levels.
In addition to the above, IL
company owns an undivided ha
interest in the Highland spring
the only source of water supp,
" in that section, as above state
I" and the water mains describe,
~ - The company's possessions a
~ ~ so include the whole of Il
ne Alberta, Alberta No. 2 and Il
GO Susan Duster mines.
WI On the latter, thirty-fc
ne vein of silver-lead sulphide @
'e is tapped by a long tunnel, at
i'e debth of 220 feet below the 81
oe- face. and a shaft is now bel
'dS sunk from the surface to CT
PIE meet with these workings. tt
icy mine is also well equipped W
VI buildings, hoists, etc.
car These old properties singly a