The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-05-15
EFFlNeER CLOSES BIG DEAL.
Successfully Concludes Sale of Fa-
nous Blair Mines.

About the last of April Martin L. Eff
finger. the well-known mining man of
this city. who has been operating N
Nevada for two or three years. passed
through here on his way east. He stat
ed at the time that he was going for
the purpose of concluding the sale of
the famous Blair gold mines at Silver
Peak, New, for $3.50 600. A brief wire
from him to mis- banker in this city four
or five days ago brought the infOrma-
ton that the transaction had been for
Tnally closed and that a company was
being organized by the purchasing syn
dictate to equip and operate the property
on an extensive scale In the same dis
trict and adjoining the Blair mines is
the Silver Peak-Valcalda property,
owned by the O'Meara-Lynch syndicate
and which is counted to be one Of the
biggest propositions of the kind in the
country. With both companies Operat-
ing on u large scale and milling their
ores on the ground, the Silver Peak
district is going 70 make noise in the
IN ming world.
DR. f. L. Bowes of TOnopah, who was
interested in the bond on the Blair
mines with Mr. Effinger. is authority
for the statement that State Senator
William Flynn and George T. Oliver.
two wealthy operators of PittSburg, are
IT the head of the purchasing syndicate.
The details of the rounding of the big
deal and a description of the property
and its career. are told by DR.. Doves:
How Deal Was Made.
About a year ago a bond on this
property was taken by Efhnger and
myself After an exhaustive exami-
nation and sampling by James Free
burn, a very able mining engineer, the
property was submitted TO Finn and
Oliver of PittSburg. These gentlemen
had the property examined by their own
engineer. Philip y. Moore of St Louis,
No. and our engineers report being
verified, negotiations were entered into
which resulted i'm the sale Of the prop
crty. which took place last week.
This property consists of nineteen
patented claims located eight miles
from the town of Silver Peak, as well
rs a mill and water right located at
that place. II has been operated more
or less for the last thirty years by
leasers and has produced approximate
" 81. $50 900. Among the leasers who are
well known in this section may be NEIL
toned John Chiatovitch. Samuel Was
son. Lew Hanchett and Taylor & Brun-
ton, large sampler men Of Colorado
Big Money Involved.
''Efinger and myself have spent a
considerable amount of money in these
negotiations and II is due to the I'M
firing efforts of Mr.. Efinger that the
deal has been successfully cOnsummat-
ed. The transaction involves a cOnsid-
cradle amount of money. The sum for
the purchase of the property and its
equipment viii amount 10 from Sl,150, 900
to S2,0O0.00O.
1T is the intention of the purchasers
TO start active development at once.
There is already, approximately. 1000,
600 tons of ore in sight. avera ging IS per
ton. Besides this. there are several big
shoots OF ore opened UP, carrying aver
age values OF $50 a ton. which are not
included in the general average of IS
per ton. The mine will DE at once
equipped with the most modern nachin-
cry for the economical mining and
treatment of its ore. Among the inn
provements viii be a hosting and DOW
er plant. and the erection of a large
mill capable of handling several hun
dred tons of ore a day. 1t is also their
intention TO construct a railroad from
some point on the TOnopah & GoldheId
line to the town Of Silver Peak II is
supposed that this work will all be un-
der the supervision of Engineer Moore.
who made the report on the property
that resulted in it's sale.
History of Mine.
THE old property has quite an in
+eresttre history. It was discovered in
1868 and active work inaugurated, I'M
der the direction of a company headed
by Samuel ]. Tilden, who made a trir
during the SOS to see the progress be-
ing made---This company disposed OF