The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-12-31
DEAL At
FA|Rv|EW
Group of Promising Pro-
perties Are Sold By
Local People.
INTERESTS
Take the Gr0und...-E Out
From NewYOrk Shortly to Make
Arransementsfor Development

The first mining deal of moment
to be made in Nevada since the
money stringency laid a blight on
trading was made yesterday in Fair
view, when the Fariview Brokerage
company, acting for eastern clients,
took an option to purchase, before
January 10, the Dixie, Accident, May
Queen and Dixie Fraction claims, ly-
ing Just west of the famous Mizpah,
and only 600 feet away from that
bonanza, says the Fairview News.
The sellers were Otto and Frank
Steinheimor, William finger, Sam
Watkins and J. A. Pearce, composing
the syndicate that sold the Mizpah to
d. J. Kennedy and associates. The
price named in the option, and which
the purchasers must pay for the
group. is SO 900 and large block
of tho stock of the Incorporated COM
pany. 1t is announced that those in
whose interest the option was taken
will visit Fairview Immediately after
the holidays for the purpose OF pay
ing for the property, taking title to
their purchase and starting develop
ment work on the estate.
In discussing the transaction, M. e.
E. Wadleigh, president of the Fair
view Brokerage company, said. yes
terday:
I'm this matter we have substituted
a firm option for a tentative agree
ment for purchase that we have had
for the past two weeks. Our action
today is based on the fact that the
last doubt about our clients going
through with the purchase has been
removed, and we acted so there could
be no possibility of this bonanza
slipping by them. Our clients will
leave New York in a few days to come
to Fairview, where they will COM
plete this purchase and plan the i'm
mediate development of their prop
erty.
1.-The deal is noteworthy for several
reasons" continued Mr.. Wadleigh.
Not only is it one of the most i'm
portant, from the viewpoint of the
consideration involved, that has been
made in the district this year, but
every step in connection with it,
from our first inquiry for property
which would make producing mine,
having been taken since the financial
stringency began, it gives Fairview
the distinction of commanding atten-
ton and money at time when all
trading is at stand-still. No other
camp in the state is similarly distin-
guished
Several weeks ago we received an
inquiryHTm these people about Fair
view properties. They stated that
they had some money unaffected by
the bank difficulties, and they de-
sired to invest it in a mine or mine
making property, where its proceeds
would be secure as against panics.
After careful study of the whole
district, we offered them the Dixie
May Queen group, and the deal waits
only on the arrival here of the par
ties to be complete.
I'VE were influenced to the selec-
ton of this property by several con-
siderations, chief among which was
the fact that it lies in the Mizpah
country, a part of the district which
will, we believe. soon he the scene of
many great and profitable mining OPP
erations Then, as nearly as engi-
neers can judge, this group has the
eastward extension of the Mizpah's
great ledge. The groupings are nu-
merous and the surface values are
good. The topography makes the