The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-11-23
SAMUEL NEWHOUSE
IS BACK IN ZION
Prominent Utahn Has Closed
Many Big Deals Lately
for Properties.
HAS SECURED INTEREST
IN YERINGT0N NINE
Western Nevada Copper Com
pany to Be Organized to
Develop Property.

Samuel Newhouse, who has been
spending the past month in New York,
returned TO this city Wednesday even
ing, and he will be in Salt Lake for
at least a month before leaving for the
East again. During the past few weeks
Mr.. Ncwhouse has made several I'M
portant deals which are of special in
terest to local circles One of these is
that by which he became associated
men Of the State in Yerington proper
ties. The group secured by him and
associates is the Dyar property, well and
very favorably known in this city.
Within the next week or ten days for
NAL announcement will be made Of the
organization of the Western Nevada
Copper company, and the official family
will include besides Mr.. Newhouse, D.
II. Peery, Frank Knox, c. E, Loose and
Reed Smoot.
Maurice M Johnson, chief of Mr..
Newhouse g staff, has Just returned
from making an inspection of the Dyar
group, and his report Will be made
within the next few days. It is un-
derstood that he is favorably impressed
with The Dvar. A long list Of samples
taken in understood TO have given red
metal averages between 4 and 90 per
cent. One body Of copper sulphide ore
lo IecC Wlue averages = per CenI anu pu
another part of the group there is
large body of similar grade The com
pany will own about $50 acres in the
Dyar group, additional territory Of
value nearby, smelter site Of about
$50 acres along The river, and valuable
water rights.
When seen by The Tribune Thursday
afternoon Mr.. Newhouse stated that he
had heard exceedingly encouraging re-
ports regarding the Boston Consolidated
and Cactus properties. The Cactus es-
improved condition over what is was
a month ago. Recent developments, he
stated, have added greatly to the re-
sources of a high grade character, and
the present month will record the larg
es5 output in the history OF the com
pany, Each succeeding month the man
agement will try TO register an in
creased production. Additional iiggs
are being installed in the mill, and two
being run to increase the tonnages. An
electrical plant is being placed in posi-
tion to enable the company to go 500
feet deeper upon the ore bodies.
Mr. Newhouse stated that he had lust
closed a contract for the only free
hold mining property in the Cloncurry
district of Australia, the property
owned by the Coats brothers of Scot
land. The property consists of 500
acres, containing a series of copper
veins going from 40 TO 70 per cent in
the red metal. The Government now is
a railroad to this mine, and
100 miles Of the road are now COM
pleted. The total distance is 2t0 miles.
and building is progressing at the rate
of four miles a week. During his alb
senoe from this city Mr., Newhouse was
made the president of the King Ed
ward Silver Mining company of Cobalt
This was not his venture. he states, but
that of the Mccormick brothers of New
York and Henry Payne Whitney They
prevailed upon him TO take the presi-
dency after he had invested close TO a
quarter of million dollars in the pro.
position. He has not made q personal
Investigation of the property. but from
the reports made he is confident that
the company has bright future