The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-05
owns LARGE AREA
IN YER|NGTON
Nevada-Douglas Company Is
Formed by Mining Men
and Capitalists.
SIX HUNDRED ACRES
ARE IN THE GROUP
Properties Have Shipped Much
Rich Copper Ore Into
Local Market.
There was completed on Monday the

There was completed on Monday the
organization Of the Nevada-Douglas
Copper company, the organization hav-
ing been in process of formation for
several weeks. The properties of this
company are on the 9erington copper
district, and the ground within its con.
troll is ranked among the very best Of
that famous region. The Nevada Doug"
las company is composed of large
number Of Salt Lake and Boston CAPT
talists, whose character is the surest
guaranty that the campaign Of deyel-
opment work planned for the properties
owned by the company will be carried
forward with all haste and faithfulness.
The board of directors is composed
in part of the following prominent Salt
Lake mining men: J. d.: Wood, +. j.
E. Kimball and Walter c. Orem. A..
l.. Pearse, the mining engineer of Lon
don, England; e. r. Hastings, the Bos-.
ton banker, and A. ]. Orem, also Of
Boston, complete the board, Walter c..
Orem, who has served SO acceptably as
the manager of the Utah Apex and Red
Wing properties of Bingham, will serve
the Nevada-Douglas company in a sim
liar capacity.
Within the great mineralized zone of
Yerington, the extent and richness of
which have created no end of favor
able comment throughout the mining
and investing world, the Nevada Doug
las company owns 600 acres of ground.
It is difficult to give an accurate de-
scription of the mineral showings upon
this large area of ground for the. rea-
son that there are few portions of the
ground that fail to give magnificent
values on the surface with exploration
work. The surface showings are pro-
nounced wonderful, and the character
of the developments with those upon
properties adjoining, upon which still
more exploratory work has been done,
has led mining experts to prophesy a
long and useful life for this organiza-
tion.
While it is only recently that the Ne
vada- Douglas ground has been promi-
nently mentioned among Yerington
properties, the group is no stranger to
the smelters of Salt Lake valley, The
old owners made large number of
shipments to Salt Lake from this mine,
hauling the ore by wagon to Wabuska,
thence by rail to market. Only the
richest grade of ores could be shipped,
and the consignments during long
erage of l3 per cent copper.
The new owners of the Douglas group
have every reason TO congratulate them
selves over their possessions, and the
company has under formation plans of
development and improvement equal in
Importance to the merits OF the ground
under their charge. With the advent
of the railroad at the camp Of Yering-
ton, it is thought that the Nevada
Douglas company will erect a smelter
for the purpose Of handling the ores
from their own and surrounding prop
critics. 1t is likely that the main tun-
mel site will be selected and surveyed
within few DAYS
The company is capitalized for one
million shares, of par value of $5 each.
There has been issued Of this capital
ization a total of 5000 shares.