The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-09-21
WEST QUINCY AND
THOMPSON MERGE
Combined Property to Be
Drained and Worked Through
Daily West.

Negotiations which have been in pro-
gress. at intervals. for a number OF
years. the accomplishment OF which IS
almost certain to give to the Park CITY
district new great mine. came 20
successful conclusion yesterday when
papers were signed which give the own
ers of the West Quincy and thompson
properties the privilege OF draining anu
operating those properties through We
workings OF the Daily West. the lazy
and the Ontario mining companies, IN
Guiding Ontario tunnel NO. z.
/ TIE contract entered into provides
that the West Quincy and THOMPSON
companies shall at once merge Lhelr
holdings into one corporation. that
corporation IS to be called the Thomp-
son-Quincy Consolidated Mining COM
uany. IL is to be capitalized for 1880
600 shares. par value 81. or those
shares the West quincy shareholders
are to receive share for hare Tor their
present holdings, the outstanding stock
OF that company being 2S5,S9O shares
the Thompson company. which has 400
600 shares outstanding. win receive
$685. s3 shares OF the new stock. while
To the Ontario Silver Mining company
and TO the Daily Mining company viii
60 $4,000 shares each and the DAILY
West company will receive $4,000
shares.
stock for Privileges.
The blocks OF stock which so to the
Ontario. DAILY West and Daily companies
are in payment for certain easements,
]
new company The DAILY West COM
pany obligates itself to extend forth
with its 1,20O-foot level 90 the line Of
the new companys ground. and the
Thompson Quincy Consolidated COM
pany is given the privilege q connect
| ing at once with the workings OF its
neighbor: it Is. in fact. permitted to
connect with all levels CT the three
/ adjoining properties whose owners are
parties 20 the agreement, For the
| Handling OF ThompsOn-2uincy ores
through the Daily West workings tho
I Daily West company is to be paid
| actual cost Of such operations
! The property entering into the new
consolidation comprises .162 acres, the
West Quincy owning IS acres and the
Thompson company 81 acres. The late
l !. ID. Wood was for many years chief
/ owner OF the Thompson property. He
was strongly impressed with the value
| OF the ground. containing as IL does
| the extension OF the DAILY Judge rich
I ore bodies. but he knew well the water
| conditions at depth and for that rea-
l son expended nothing for development
/ He long endeavored to bring about such
] a condition and working arrangement
as has now been effected and his en-
| deavOrs were seconded by W. r Hutch
/ insOn. one Of the chief owners Of West
| Quincy. During the lifetime OF Mr.
| Wood. however. all efforts to make \
maj ority OF West Quincy owners sec
the wisdom OF the proposed move failed
West Quincy Developed.
The West Quincy company has ex-
] Iehutu 81 to+VVV III ufNtlupiAtul NoIh
] It has a shaft $50 feet deep with eX'
/ tensive laterals. Diamond drill work
is said to have disclosed rich ore at the
depth Of 200 feet. Considerable ore
was opened in the workings. but 70 is
in the zone where the richer bodies iit
deep and the company was not in posi-
tion to cope with the water problem.
Present large owners Of Thompson
| aside from the J. u. Wood estate. are
Governor A. L. Thomas. W. S McCor-
nick. J. g Lynch and Ezra Thompson
Large blocks Of West Quincy are
/ owned by Mr. Hutchinson J. A. Moore
| Of Los Angeles; Ed Miller. the J. r
Rand estate. PrinEle of Chicago. and
residents OF Edinburgh. Scotland