Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1908-11-14
NEWHOUSE PLANS FOR
THE VAICALDA NINE


SALT LAKE CITY (Utah), Nov.
11.-Samuel Newhouse is To- in the
gold mining business with both feet,
SAYS the Salt Lake Herald. Upon the
arrival of NJ. J. and w. P. O'Meara
from Nevada, a deal that has been
pending for many months has finally
closed, and Mr.. Newhouse and those
associated with him took over the
control OF the Silver Peak Valcalda
company. While the amount of
money involved in the transaction
has not been divulged, it must be
large, for the property is rated as one
Of the biggest things in gold that Me-
vada can boast. In fact, the amount
OF ore blocked out, and in shape to
be measured up and sampled
amounts to more than $4,000 tons,
which, it is declared will average
close to SIS a ton, or a bulk value of
approximately S1,250,000. While
the directorate Of the company will
be reorganized and the offices of the
company will be moved from Tono-
pah to this city, Messrs. O'Meara will
continue as directors, with Mr.. New
house and his associates in possession
Of the chief offices. That a deal of
such magnitude could be closed at
this time speaks well for the favor in
which legitimate Nevada propositions
are held.
NJ. NJ. Johnson, chief of the New
house engineering staff, was the man
to call his chiefs attention to the
value of the proposition, and, while
negotiations were opened last year,
during the big financial panic, It vas
not until recently that Mr.. Newhouse
and his friends, including some for
eign operators, felt disposed to bring
the matter to a close. This week the
final acts were performed, and early
I in the coming week Mr.. Johnson, as
I consulting engineer for the company
will leave for the properties at Blair
/, Nevada. to map out and put in exc
cution the campaign of development
d he has had in mind since the frs
s examination of the property wa
e made by him.
g 1t is also planned to equip tn
s property with a modern, up-to-the
y minute milling plant with a capacit,
of 200 ems a day, and work will be
g gin at once. There is a ten-stamI
h mill on the property now, but tn
d Messrs. O'Meara. who owned all ID
l. stock and who have zone into thei
own pockets for all The money spen
in the purchase, Development an
e equipment of the mines rather tina
.e see the shares pass into hands of pee
pie incapable of realizing its value
IS finally reached the conclusion tha
W the task of building large reductio
d works and the extensive opening {
o the mines would involve more capita
lie than they could spare. That was VIII
a price was made on the control, an
T. that is why Mr.. Newhouse and his al
sociates are now in the saddle an
e masters of one of the real big BE-
anzas of the sagebrush state.
is In addition to the little mill, II
h property is equipped with a fine con
at pressor, power drills, several bull
ID ings, a splendid wster supply that
brought eight miles by pipe line fro
IN Red mountain. The property adjoil
X the Pittsburg Silver Peak company
to mines, and they are reckoned as sir
IN ply a mountain OF gold-bearing or
X. ore that is easy to mill and easier
On mine.
sh NJ. ]. O'Meara secured an option {
on this property from the owners, q
*, valcalda brothers, three years or
I'd ago. He has given It his personal Z
nd ~tention for every minute since. ]
to has made a mine OF It, and. nov III
to he has seen its management turn
it over to big talent and is sure of I
ad success that will be attained, he
tie content TO give up his desert life. ar
M with his sister, return to Salt Lake
a live. His brother. NJ. ]. o'Meara, W
If likely soon return TO Salt Lake to
air side. also.