Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-02-17
MINING, BUSINESS AND STOCKS.
.P|OCHE SHELTER IS
+. NOW BEING FINANCED
Prince Con. and Con. Phoebe Join In
Construction OF Plant TO Treat
Ores of the Camp.

At the local offices of the Consolidat-
cd Pioche Mines company this morning
! II was announced that the final ar
rangemcnts have been made for the
consolidation OF the disputed properties
| of the Nevada Utah and Ohio Ken
| tucl<y properties at Phoebe, the articles
| of incorporation filcd, the officers elect
ed. plans are being made for a zinc
separating plant. and arrangements
are being made to finance
smelter to the Pioohe district. The
financing of the smelter will be done
jointly by the Consolidated Pioche.
which lis the name of the consolidated
properties. and tho Prince Consolidated
company.
After several weeks spent In the east
Anthony H Godbe. representing the
Ohio Kentucky company, succeeded in
completing arrangements with the Nov
ada Utah people for the consolidation.
The new company filed Its articles in
Delaware on Jan IS. and at the first
meeting of the company the following
officers and directors were chosen;
George A. Lcornard. president An
thony II. Godbe. Vice president; Ernest
l.. Godbe. managing director: John w
Griggs and Warren Fl. Akers. The
and treasurer.
The new company Is capitalized at
500. 900 shares. or this amount 400. 900
shares were set apart to pay the two
companies for the properties and 100,-
600 shares were placed in the treasury
for promotion purposes, The 100000
shares which the Ohio kentucky stock
holders receive and the 100000 shares
which the Nevada Utah stockholders
received are placed With a trust COM
pany to be held In trust for the benefit
OF the stockholders of the respective
companies. or the 100000 shares OF
stock placed in the treasury, a sale can
only be made by the consent of the
subsidiary companies. The first allot-
mcnt has been sold the Ohio kentucky
taking half and the Nevada-U
taking half This provides 4 treasury
which is capable of doing a large
amount of work.
The company has laid out some big
plans for the future, and as soon as the
railroad Is again in operation some big
things may be expected. The No. l
shaft which is now being worked with
q small force OF men will be drifted on
to connect up with the old Raymond &
Ely.
ZINC SEPARATOR PLANT
Among one of the first things that
IL
tor plant. Just what method VIII be |
used has not been announced. At any |
rate 1t will be large enough to handle |
200 tons OF ore a day at the beginning. |
There are immense bodies of ore |
blocked out in the old Susan Dustin |
claims, much of which Is a direct |
product. Besides this there |
are the zinc lead ores which Will be
separated
Financial arrangements arc now be-
Ing made in the east for the building
OF custom smeltcr either at Panaca
Or Phoebe. This smelter VIII be
backed by the Consolidated Plo-
che and the Prince Consolidated
mine. This viii be one of the first
things edected in the mining district
this spring
All the ores In the Prince Consoli-
dated mine arc a direct smelling prod
uct and therc Is large amount OF ore
N the Susan Dustin mIno ready for
Smelter treatment. The Day mine at
Jack Rabbit could also produce n
erge tonnage of smelling ore Besides
that there are number of other
that would become good
paying properties with n smelter close
by.