The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-28
NEWHOUSE BUYS
BULLFROG MINE
Deal for the Control of the Montgom-
cry Mountain Properties
Is Closed.
SCHWAB PARTY NEIGHBORS
sALAkLALA MINES CAPTURED
BY AMERICAN SMELLING co.

Samuel Newhouse, the multimillion-
are mining operator Of this city,
purchased from D. H. Peery yesterday
a controlling interest in the Montgom-
cry Mountain Mining company, which
owns a large group of claims in the
BullfrOg mining district, Nevada. The
amount of money involved in the
transaction was not made public, but
the general impression is that the sum
is not far from the $3.50 900 mark, while
the terms Of sale probably involve con-
siderationS that mean a great deal more
than that to Mr.. Peery and his asso-
ciates, who still retain large holdings
IN the company. A few days ago Mr.
NewhOuse dispatched his chief engi-
neer, NJ. NJ. Johnson, to camp for the
purpose of making an examination of
the mine and to get a general line on
the camps possibilities. ACCOMPANIED
by Mr.. Peery, Engineer Johnson re-
turned at o'clock yesterday morning
Before the noon hour his report was
filed, and in less than an hour from
that time the deal had been closed.
Work to Begin at Once.
With the report submitted by Mr.
Johnson Mr.. NewhOuse expressed him
self as being much pleased, and he
declared that not a moments time
would be lost in getting work started
on the property. Mr.. Johnson will have
general supervision of the plan of de-
velopment, and he announced that Just
as soon as he reached Los Angeles, for
which place he started last night to
join Mrs Johnson, he would give the
orders that would get work under way.
A first class compressor plant, assay
Office, blacksmith shop and buildings
for the accommodation of the mine
force viii be provided for at once, and
during the next thirty days it is the
intention to have things on the hum
at the property.
The Montgomery Mountain ground
consisting of several claims, is prac-
tically surrounded by the properties
that recently went into the Schwab
combination and now being operated
as the MOntgOmery-Sh oshOne COnsoli-
dated company. The Shoshone prop
erty lies alongside of and partially
across one end Of the Montgomery
Mountain, while the ShOshOne-Polaris
completes the swing around the one
end. The Crystal property is also adj
jacent while several of the other big
mines of the district flank the prop
arty on the other exposed side and
md.
Likes the Mine and Camp.
"I am not only well pleased with the
location of the Montgomery Mountain
property" said Mr.. Johnson, but I
am favOrably impressed with the dis
trict. The lodges are large, strong and
rich; the values are there, and, what
is more. the tonnage is there also
From the close observations which I
made I feel safe in saying that we will
develop the ShOshOne ledge in Mont
gomery Mountain ground for not less
than 1000 feet, or from the point where
it enters our end lines from the Po-
laris to where il will pass out of the
side line into Shoshone territory A
second ledge that enters our ground
from the POlaris end will be cut in the
tunnel that I propose to extend clear
across our ground, within fifty feet.
It IS a good and rich vein and we shall
be mining in it within thirty days To
reach the ShOshOne ledge We shall have
to drive possibly 600 feet, but that viii
give 200 feet Of depth at the point of
contact With machine drills at work
we shall not be long in covering that
distance I1have not the slightest doubt
but what we shall open UP a mine the
peer of any in the camp, and that is
saying a great deal for I confess to
being simply amazed at the quantity
and quality of the ore l was permitted
TO see in neighbOring properties.
Mr.. Johnson will be at camp within
a few days, and then all plans for the
future viii be mapped out and cOmpe-
tent men viii be placed in charge to
carry on the work Later he viii visit
some of the other camps and, the
chances are, business of moment Will
he done in some one of them.
d H. Peery stated after the deal had
been closed that he would remain here
until Sunday, when he expects TO make
a trip to the new camp OF Manhattan,
where he has been making a bid for
the famous Stray Dog property, one Of
the oldest in the camp and one from
which a number Of leaserS are now
shipping ore that nets them over 500
a ton. Notwithstanding the eighty-mile
haul by team to the nearest shipping
noint. He will likely be Joined there
nv Mr.. Johnson during the next two
weeks.