The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-21
Deal Consolidating Two Fair
view Mines Rounded Out
Here Wednesday.
GEORGE WINGFIELD
WILL BE PRESIDENT
Nevada Hills Company Will In
crease Stock to Exchange
for the Eagle.

| At meeting held Wednesday morn
| ing In the Salt Lake offices OF the Ne
vada Hills Mining company. between sew
cral directors of this organization and
| George Wingtieid of the Fairvicw Eagle
Mining company. the consolidation OF
these two wel-known Fairview. New.
mining properties was agreed on. VIII
liam II. Weber. general manager of the
Nevada Hills company, gave The Tribune
the following facts In regard to the
merger.
1T is agreed to increase the capltali2a
ton of the Nevada Hills company from
| 900, 600 10 1850 600 shares of stock.
which company VIII absorb the Fairvlew
Eagle company, whose capitalization is
600. 900 shares on the basis OF one share
of Nevada Hills for each six shares Of
FairVtcW Eagle. The Nevada Hills com
pany assumes all the indebtedness of the
Eagle company George Wngied VIII be
the president OF the Nevada Hills com
pany.'
place within the Nevada Hills lines a
total OF $50 acres Of the heart Of the
Fairview district the two groups lying
adjoining and holding parallel veins. with
ores Identical In Character. The Ne
vada Hills has been sounded TO a vertl
cal depth OF 40 feet. while the Falrview
Eagle has reached a depth of 300 feet.
and Mr.. Wcbber stated yesterday that
there was ore at these depths and that
conditions were extremely gratifying. \
campaign of deep development work VIII
he inaugUrated without delay. and con-
centrating plant VIII be Installed imme
dintcly. Both Mcssrs. Wcbber and Wing
field expressed confidence In the future
usefulness OF the Nevada Hills. and the
company can be looked 10 confidently
from now on as being one OF the big
producers and good dividend payers of
the Sagcbrush state.
II was the Nevada Hills company which
hp CT do
ago to the FairView district, and the
property was secured by the Salt Lake
interests still holding the control. The
surface gave up a great deal OF magnlh-
cent shipping ore. and while work TO
depth has been DELAYED owing to the dis
tanco from the railroad tracks. which
ing marketed. the company during the
first few months Of It's career paid TO
stockholders the sum OF $373,I16 In the
shape OF dividends, the last dividend be-
ing In December. 1907. The manage
ment has by no means made any effort
since this date 10 draw on the shipping
grade reserves blocked out and the tom
mage of this class OF ore. as well as the
augmented until the installation or mill
Is absolutely necessary. Mil installa-
tion has been postponed on account Of
tho expense Of hauling In fuel but now
that the Nevada Wonder company has
made arrangements 10 furnish elcctrica
"ower for the Fairview operators. the fu
ture for mine owners there will be about
as ideal as could be desired.
The directors OF the Nevada Hills COM
pany arc mining men OF many years sue
cessful experience In the mines of Utah
and Nevada. while Mr.. Winghelds won
derful record with tho Goldheld Consoll-
dated company Is well known and appre
cisted the world over. The bringing to-
Sether therefore. of these prominent In
terests certainly iusti1cs tho highest
hopes OF all stockholders of the two or
ganizations merged