The San Francisco call., 1907-01-04
CAPITAL Is $4,000, 900
Combination to Take I'm Greenwatcr
Properties VIII Have 100000
Shares

The big Greenwater merger that has
been talked OF for some time has been
consummated. The new company will
have a capitalization of $4,000, 900,
with 5000. 900 shares. The combination
takes in the Greenwater and Death
Valley Company, which is controlled by
the Schwab interests, the United Green
water Company. controlled by the Ne
vada Smelling and Mines Corporation,
and the interests controlled by Brock
/ and the Philadelphia capitalists, which
have not been organized.
The basis of the distribution of stock
on which the consolidated company was
formed is as follows: Greenwater and
Death Valley Company, 6S per cent;
United Greenwater, Is per cent; inter-
ests controlled by the Brock syndicate,
Ia per cent. 1t will be seen that the
Schwab interests are in control. The
organization, so far as the officers are
concerned, has not yet been effected,
but directorate of eleven has been
decided upon. The Schwab interests
will control the directorate with six
members three of whom will be
Charles NJ Schwab, Donald B. Giilies and
NJ. r. Ward. The old United Green
water Company will be represented on
the directorate by three men, two of
whom are Malcolm Macdonald and Leo
Dessar. The Brock interests will be
represented also by three members,
viz: John w. Brock. Charles r. Miller
and Frank A. Keith.
The site for smelter which will
rival anything in the country has been
decided upon. 1t will be located at Ash
Meadows, New, about thirty miles
northeast of Greenwater This is
forty-two miles from Rhyolite, lis
miles from Goldf1eld and 143 from To-
nopah.
1t is announced that work will be
begun within week on the construc-
ton of the railroad from the mines to
the smelter site. which is located at
point where there is water 1t is pre-
dicted that the smelter will be in
operation within year. A smelling
expert has been employed by the COM
pany at a salary of $4,000 a year to
take charge of the erection and opera
tion of the plant
On the property of the company are
extensive deposits of lime and iron and
every requisite needed in the smelling
or ores except fuel. This will be
brought. from the petroleum fields of
California over the "Borax" Smith
road.
1t is expected to make this a big
custom mill and the silicious ores of
Tonopah, Goldfield, Rhyolite and other
camps will, be used as a fiux in the
process of smelling the copper, and the
company hopes to derive a big revenue
In this custom work which is bound to
come to their smelter. for the most
part, as the freight charges would be
much less than to haul to Salt Lake
City. 1t is stated that the smelter will
not Interfere with the mills of this ter
ritory. as it will handle principally the
concentrates coming from these plants
The, estimated cost of the smelter
will be in the millions and its erection
means the rapid development of the
Greenwater territory, not only of the
property belonging. to the Consolidated
but ether adjacent properties. 1t is
within the limit of probabilities that
within a short time all of Green
water will be under the influence of
the big corporation.
recent report on the property by
csrps of experts shows that the aver
age values are about IL per cent cop-
per. s6 in gold and SO in silver-Rhyo-
lite Herald.