The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-11-27
REQUA TO LEAVE
THE NEVADA CON.
Prominent Figure Will Retire
From Mining Life of Fa-
nous District.
PERSONAL INTERESTS TOO
PRESSING TO BE IGNORED
Discoyerer of Greatest Property
of Age Has Accomplished
Gigantic Task.

After practically discovering the
camp and district of Ely. after spend.
ing over four years in developing what
has proved to he the greatest copper
mino in the country, and after bringing
railroad and millions upon millions
OF capital into Ely for her numerous
mines. Mark Lawrence Requa, general
manager of the Nevada Consolidated
company and general manager and
vice president of the Nevada North
ern Railroad company, has sent in his
resignation to take effect on December
], The first intimation of this fact
was received Saturday from Boston,
but IT could not be confirmed until
Monday morning. When seen by The
Tribune yesterday Mr. Requa stated
that he bad sent his resignation TO the
companies mentioned TO sever all his
official connection with these organiza.
tions.
This is not a suddenly undetermined
action. Mr., Requa states that he had
desired to retire some time ago. bu!
he was anxious TO hurry the railroad
into the camp before leaving the com.
pany in other hands. He stated that
he wished 1t to be understood that the
most cordial relations exist between
himself and both companies, but he
has a large number OF personal inter
ests that demand his attention. It was
question Of devoting all his time
and energy upon one Of the other lines
OF activity, and he selected the course
above stated. Aside from his large
holdings IN the Nevada Consolidated
and Nevada Northern Railroad compa-
MES, MI Requa has large and import.
ant banking and mining interests else.
ugb, In
taking hold OF the Ely end.
No name has become more prominent
in copper circles during the past year
than that OF NJ. L. Requa. He is Justly
entitled to the credit for bringing the
world to appreciate Ely's tremendous
possibilities. To his miueralopicaI
knowledge is due the appreciation of
Ely, for four long wears were spent
by him in that camp In opening up the
Nevada Consolidated mines Mr.. Re
qua while serving as president OF The
panv, heard about tine great low.erade
deposits of Ely, and sent man there
SIX months before he visited the dis
trict for the first time. In October
of 1901 he paid his first visit 10 Elv
His first acquisition was the Ruth
group of claims, which were incorpo-
rated under the name of the White
P1ne Copper company. Then followed
the consolidation of this company with
the New York and Nevada organization
under the name of the Nevada Consoli.
dated company,
In the month of March, the present
year, the Guggenheim Exploration
company stepped in and secured the
control of proposition far too heavy
for one man to handle with apv degree
OF success. Having converted the finan-
clal world to the ideal resources of Flv.
and having built a railroad TO the
camp. Mr.. Requa leaves the official fam
lily of the Nevada Consolidated at
time when there is little else for him
to do. The organization is fully
financed and started upon it's career;
there remains nothing TO accomplish
but to erect the smelter and concen-
tratlng plant for which it is understood
contracts for machinery and structural
equipment have been let.
Whdn asked Monday If he experted
TO turn out from his numerous mining
interests another Nevada Consolidated,
Mr. Regua stated that was not possible.
While he expected to meet with sue
cess in several instances he could hard.
ly anticipate such returns and success
as attended his efforts at the camp Of
Ely Mr.. Requa is an exception to the
majority of mankind. Having an am
pie fortune long before he ever heard
OF Ely. and in possession of everything
conducive to life of ease and freedom
from the drudgery of pioneer life, he
has scorned idlencss and ease for hard
work. He has the satisfaction, or
should have, following the accomplish
ment Of something that the world ac.
knowledges great. Some one else. per-
haps, in time to come would have dis.
covered Ely, but Requa turned the
trick. himself, He has been called the
greatest miner OF the age because he
opened the greatest mine of the age.
The Guggenhcims also control the
Ely company. and the |
same report regarding Mr., Reoua
or1ngs the information that the gen
,ral manager to succeed him will take
over the Cumberland Ely as we'll The
present manager Of the latter company
IS George f. Gum, whose name will |
ever be connected with the history
u Ely most honorably on account Of |
what he has accomplished for this com.
ohny, The paths of the Nevada Con.
and Cumberland Ely compa-
nies have become merged the two or
carnations owning the smelter and !
'allroad jointly. This unison of inter
'sts has naturally developed a unison |
If control. and it is stated that Pope |
catman of New York will be the sue
lessor to both Mr.. Requs and Mr.. |
iunn. Mr.. Yeatman represents the |
Exploration company. and |
hat organization has selected a man |
" ability and training to pilot the two |