The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-30
WELL PLEASED WITH
BIG MERGER DEAL
Samuel NewhOuse Believes Both
Companies Will Profit
Thereby.
RETIRES FROM ACTIVE
MINING BUSINESS
Country Is Prosperous, and
Great Copper Combine Is
Probable.

Samuel Newhouse, who arrived home
Friday evening from New York and
Paris was n very busy man on Satur,
day, and has enough business on hand
now to occupy his time for some months
to come.
Mr.. Newhouse, who had intended
coming direct to Salt Lake from Pans.
whittier he was called by the illness
of his brother. Mott Newhouse, re.
mained over in New York to be present
at the hearing Of the proceedings, on
the injunction filed by q. A. wall to
prevent the merging of the Boston Con"
solidated company with the Utah Cop,
per company, and he was very wen
pleased with the final outcome OF the
case and the final consummation OF the
hig consolidation. Mr., Newhouse
stated TO The Tribune Saturday morn
ing that the merger will react to the
benefit Of each of the companies con-
cerned, The wisdom of making such
merger, he said, has been realized for
some time, and in his afhdavlts he
urged the consolidation in no uncertain
manner,
While talking to the newspaper rep
resentative Saturday morning, Mr..
Newhouse received telegram from
New York officials of the famous old
Boston Con. authorizing him as presi'
dent of the company, to turn the pusl-
ness and affairs of the corporation over
to the Utah Copper people on feoru'
ary l, so that the final chapter IN the
history of the famous old Boston Con.
Newhouse s official connection with the
company will, of course, come to an
end on the first of the month,
Will Retire.
Mr.. Newhouse stated Saturday that
h,. ,,-,1I fpr n
in the mining game, but will devote
his entire interests to the upbulldlng
of Salt Lake City through the nu.
merous and extensive building and real
estate enterprises he now has well un-
der way-and he promises that there
will be more to follow. Since the re-
organization of the Newhouse Mines
and Smelter company as the South
Utah Mines and Smelter company, Mr..
Newhouse has not been interested III
an official capacity in that corporation,
and now that the presidency OF the
Boston Con. has also fallen from his
shoulders, his duties there, too. are at
an end. In his characteristic, energetic
and thorough manner Mr.. Newhouse
has conducted the destinies of the great
company to elimination satisfactory
TO all, and of his splendid efforts and
victories may be written ''well done.
Country Prosperous.
Mr.. Newhouse states that from his
observations while in the cast he would
conclude that the country generally is
in very prosperous and promising
condition, though the uncertainties as
to what action Is to be expected from
the administration at Washington re
earding trust legislation has created
rather q temporary strlngency In the
big money marts.
Asked an opinion on the probabil'
tiles of the merging of the big cop
per interests of the country into one
mammoth corporation, Mr.. Newhouse
replied that, in his opinion, such a
consolidation will eventually be accom-
plished, though whether this will be
in the near future or not for some time
to come ne could not say.
Mr.. Newhouse was in consultation
much OF the morning with Lafayette
Hanchett, retiring general manager OF
the Boston Con-, who leaves Sunday or
his tour of the world