Mohave County miner., 1906-10-06
Three Eldorado Mines Merged With Cap
 ital of Two Millions.

hfee Eloofaoo Wines Mefgeo WNn Zap ital of Two Millions.
 A consolidation of gigantic propor- tions has been consummated whereby three of the leading companies of El- dorado Canyon have been united and brought under one management. The companies are the Black Hawk, Ven- us and Mountain, and the consolidation was effected in Pittsburg on the 18th of this month.
 The consolidation means much to the Canyon, for under its terms there is at once available for development the sum of 100, ,O0O$. For the companies themselves it is wise move, permit ting as it does, of more economical and speedy opening up of the different mines comprised. The properties con- cerned are among the best in the dis trict. The Black Hawk lies between the Techaticup and the Wall Street and has been extensively developed. On the ground there is ten stamp mill which will now be erected and used for treating ore from all the mines. The Venus and the Mountain, which are parallel groups, may right fully be termed sensational proposi- tions, having from the grass-roots produced some very high grade ore, and both have large bodies of good milling ore.
 The consolidation met with the com plete approval of the several boards of directors and also of the stockholders, and was the more readily accomplish ed for the reason that the larger share holders were interested in the three companies. The name of the new company is the Black Hawk Con- solidated Mining Co.,, and the capitali- zation is 2,OOO,OOOS. The consolidation was effected upon the following basis:
 l. The Black Hawk Mining Co. to be allotted one million shares of the stock of the consolidated company, by giving three shares of the new stock for each share of Black Hawk Mining Co. stock now outstanding, and three and one-third shares of new stock for each share of treasury stock unissued.
 2. The Venus Mining Co. to be al- lotted five hundred thousand shares of the consolidated stock, by giving one and one third shares of new stock for each share of Venus Mining Co. stock. 3. The Mountain Eldorado Mining Co. to be allotted five hundred thou sand shares of the consolidated stock by giving one share of new stock for two shares of Mountain Eldorado Min ing Co. stock.
 The first meeting of the new con- pany will be held in Pittsburg on the third of next month, at which time officers for the ensuing year will be elected. There will probably be de- cided change in the personnel of the directors for the reason that on the board will appear the names of several new members who collectively have subscribed to 1000, ,OOOs worth of the treasury stock.
 President G. M. Shillito of the old Black Hawk Co. stated that "under the plan of consolidation, as outlined the new company will start free of in- debtedness, with over one hundred thousand dollars worth of develop ment work done, approximately two million dollars in ore blocked out, five hundred thousand shares of treasury stock in the treasury, one ten-stamp mill on the ground ready to be erected and paid for in full, and something like five hundred thousand dollars cash in the treasury, while ample cap- ital, one hundred thousand dollars, stands ready to take up the consoli- dated treasury stock. With the above amount of cash in our treasury, which is ample to fully develop the proper ties, the success of the merger is as- sured.-Nevada Searchlight.
 Potasimite, the new explosive per-