The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1910-03-15
SPEAKS Of
THE MASON
AN)0THERS
". B. Thompson Thinks
Outlook Never More
Promising in District

w. B. Thompson, accompanied by
his wife and daughter, Miss Mar
garet, and George T.. Gum, arrived
i'm East Ely Sunday evening from
Mason Valley. They have since been
at the Steptoe. Today they will visit
the mines. Returning this afternoon,
they will go direct to Cobre and
thence to Salt Lake, from where
after a brief stop, Mr.. and Mrs.
Thompson will continue to New
York.
I'VE have been absent from the
east a month"; said Mr.. Thompson,
in an interview last evening, dur
ing which time We have visited the
Ell Reyo mine in Mexico. the Inspira-
tion at Globe and the Mason Valley
properties. We stopped two weeks
in California. Throughout the trip
we have found conditions very satis-
factory in all ways.
AT Ell Reyo the production Is ex-
cellent. The mine is in fine form,
with sufficient ore reserves to war
rant the belief that for the next few
years double the dividends of re-
cent months will be earned and paid.
inspiration is in splendid shape.
Several million tons of better than
2 per cent ore are blocked out
through shafts, drifts, crosscuts ana
upraises, and many million tons
more highly indicated by churn drin
operations. Development Is crowd
ing right along and the property re-
spending with steady increase in ore
J reserves.
''The situation at Mason Valley
mine is very pleasing. Our richest
ore there has been developed
through No. tunnel, which is our
lowest level. A 500 to s00-ton
smelter will be erected and put In
commission as soon as possible.
Everything points to a greater mine
below the present depth than we
have above. The annual meeting of
the company is held today and we
will know the result tomorrow. The
action anticipated at this meeting
will cause multiplication by five of
the price at which the stock was
quoted today; in other words, the
par value of the stock is Increased
| five times. The million dollar bond
issue convertible to the new stock
at SO per share will be Immediately
underwritten and offered pro rata
to the stockholders. Thus the money
with which to go ahead is as good as
in hand for the carrying out OF all
plans that have been made for min
ing and reduction work at the prop
erty.
Concerning the Ely district, from
what / have seen and gathered since
here, il seems in fine form. can
say more about this after the visit
to the mines tomorrow. Regarding
the acquiring of large interest in
Nevada Consolidated by the Utah
Copper, this district need feel no
worry. 1t is not likely there will
be any change in the manner or
operation nor any halt in the policy
of development and expansion at
mines and reduction works which
has been followed to date. Nor Is
II likely theer will be any change In
the operating starf. The coming OF
Mr.. Jackling to the Nevada Con. d.
rectorate will simply mean the ad-
vantage of the valuable counsel
which he will be able to give from
time to time.
81 do not believe the outlook was
ever more promising for the district
than IL is at present. Commence
abroad concerning 1t is OF the very
highest, and finds strong backing In
the excellent mining and meiting
results being obtained. Development
work being carried on, from all re-
ports, is meeting with manner OF
success that is very gratifying, par
ticularly to those of us wlo nave al
ways held enthusiastic views con-
cerning the district. Deep mining OF
rich ores is among the things In the
future of the camp and will unques-
tionably add very largely to the
prosperity of the distict and to Its
outnut of metal -