The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1906-08-17
Biz Ely Property Sold to Ex-senator
Thos. Kearns and David Keith
of Salt Lake City
SAME MEN BUY THE MACEO GROUP
Work on TwoLarse Working Shafts
TO Be Commenced at
an Early Date

A deal which was closed yesterday
brought into the possession OF former
Senator Thomas Kearns and David
Keith an immense block of ground in
EIy. New, directly in the known copper
belt. and they expect to develop it If
nossible into one of the largest copper
mines in the world, says the Salt Lake
Telegram.
The property acquired includes hold
inps of the Ely Mining company in
which there are thirteen claims, and
ten claims known as the Maceo group,
adjoining. This 400 acres of choice ter
ritory lies between the property of the
Nevada Consolidated and the town of
Ely.
DC. Mcdonald sold the Maceo group
and President William B. Bradley and
Secretary D. B. Sprague acted as the
representatives of the Ely Mining COM
pany in the deal. A large number of
Salt Lake people are stockholders in
the latter named corporation, and are
therefore benefciaries of the transac-
ton, which will distribute several hun
cred thousand dollars among them.
Prices at which the titles are to pass
are not made public by the principals
to the sales; nevertheless, the presump-
tion is that inasmuch as the ground is
regarded as the cream of the district,
that it is practically proven already,
and that there is large development
accomplished, especially on the Ely
Mining Company's territory, the price
will reach into six figures, and consti-
tutes the largest similar transaction
announced from Salt Lake in many
months.
The history of the Ely Mining COM
pany has been somewhat similar to
that which the Highland Boy expert
enced at Bingham in her earlier days.
About seven years ago o. j. Sails
bury and other big operators of Utah
who were interested, believed they had
big gold proposition. and a cyanidine
mill was built to treat the ore. Like
the early experiences of Samuel New
house with the Highland Boy, it was
soon discovered that underlying the
gold ores from the baser metal hat
leached were great deposits of copper
ore. The cyaniding proposition wa;
consequently abandoned and some Of
the big owners, including Mr. Sails
bury, it is understood, sold out. The
company continued to do business for {
time, but without railroad connections,
and with copper not bringing what it is
today, nothing but the highest grade OF
ore could be shipped. Finally work
was suspended altogether and the own
ers have since been waiting for the
property to come into a market that
would commend something like what
the rich ground was worth.
In the meantime the heavier financial
strength of the Guggenheims, as repre-
sented by the Nevada Consolidated,
took hold of the district and, in afford
ing railway transportation, rendered
the outlook favorable for others to OPP
crate, and, with the assurances thus in
sight, Messrs. Kearns and Keith con-
sldered the proposition favorable.
Former Judge Bradley said: 81 have
been with the Ely Mining Company
since its organization six or seven years
ago, and during that time we have
shipped $12, 200 to Sis, 900 worth of gold
cyanides and some high-grade copper
ores. We had to haul the same, how
ever, by wagon $50 miles and pay rail
road rates from Wells, Nevada. 1t is
property upon which the surface in
dications and showings for copper are
good, and depth ought to develop valu-
able deposits not only rich in copper
ores, but also sulpbides The main
value of the property. however, is foi
copper.
There is fine cyanide mill on the
ground, which can be changed to con
centrating mill easily, and afford a
modern, up-to-datc plant.
I'VE have given an option on the
property for eighteen months, during
which time it is to be worked continu-
ously and large amount of money is
TO be spent in exploitation.
In pursuance of the development pol