The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-30
MERGER EFFECTED
At GOLD SPRINGS
Jennie and Snowflake COmpa-
nies Round Out a COnsOlida-
tiOn on Saturday.
MEANS DEEP MINING
AND MUCH MILLING
Power Plant Also Is to BE IN
stalled to Serve the
Whsle Camp.

4 special meeting of the ockhod-
ers OF the Jennie Gold Mining com
pany was held yesterday afteruoon at
the Offices of the company in the Utah
Savings and Trust building for the
purpose OF consolidating the property
of tho company with that Of the Snow
flake Gold Mining and Power company
and making ono big concern for the
development OF the Gold Springs dis
,rict Nearly all Of the six hundred
thousand shares of the issued stock OF
the company were represented at the
meeting. and the vote 10 consolidate
with the Snowflake company was prac-
tcaliy unanimous.
At the same time that tho Jennie
meeting was being held in this city, Il
special meeting Of the stockholders of
the Snowflake Gold Mining and Pow
er company was being held at Gold
Springs, for the same purpose. and the
vote at that place for fhe copsollda-
tion was unanimous so that the merger
OF the TWO comnauics becomes elfec-
tive al once. The name of the new
company is the Cold Springs Mining
of the property. rights and franchises
of both Of the old companies, and Will
al once inauguratc campaign For dc
vclopment on plan shat viii result
in good profits TO the stockholders.
The story Of The Jennie company has
been one Of the most interesting IN the
history of mining III this state, The
first locations of ground that now COM
prise the Jennie group were made by
{. A. Short. in 1897. In 1898 other
locations were made. which include the
original Jennie claim, and in 1902 the
Jennie Gold Mining company was IN
curporatcd. Not much more than as
scSsmcmt work was performed oG the
t,ropcrty for several years. lt was not
until January 1906, that active devel-
opment work was commenced on The
property. Through the efforts of II.
L. Elliott, who became a partner with
Mr.. Short in This ard other property.
enough OF the stock was sold III the
cast 10 commence developing the mine.
The present shaft was commenced III
April oil that year and the first level
run of at Ia feet. At this level the
vein developed to such an extent that
orc bodies were opened which wcrc Int
tie drcamc.i of from surface inlica-
tions.
In the spring Of 1907 four NIsscn
stamp mill was erected. aud this soon
demonstrated the fact that the ores of
the mine were easily handled and that +,
a large extraction could he secured
by amaigamation and cyanding, and
n larger mill, TO include Il cyanide
plant. was planned for the property.
This plant was fully completed and
operated about the first Of December
last. The mill was completed some
time before and was in operation for
a considerable length of time. For The
time that the plant was operating, re
suits proved that the ore could be sue
ccssfuliy handled. Power troubles
arose which prevented thc plant from
being operated on Sfull time. Condl-
iions nccessitated tho use of gasoline
engines, and on account of numerous
delays in receiving shipments of distil-
late and conditions under which the
gasoline engines were compelled TO op-
getting the results that werc expected
from the property. The grade of ore
and the results secured were such,
though, 10 prove that II full running
time could have been secured, regular
dividends could have been paid upon
the capital stock Of tho company:
Realizing the condition, and with 4
view TO remedying the power troubles
of the Jennie and TO furnish power 10
other properties in the district. Sbor.
and Elliott. IN. December last, organ
lied the Snowflake Gold Mining and
Power company, but il was soon Gis-
covered by them and \. > Martin. who
was associated with them for two years
past III financing the Jennie and Snow
flake companies, that il would be far
hetter TO the interests Of the stockhold-
crs of both companies and more salts
factory TO investors 10 consolidate the
properties. and make one strong com
pany, and the meetings held ycster-