Mohave County miner., 1910-10-29
Big Deal in Ely Involves Several Mil
 lion Dollars,

An Ely, New, dispatch says: Official confirmation of the sale of the East Ely townsite properties and water rights in White Pine county has been obtained from the company offices. The sale was made to Cole-Ryan in- terests and the transfer is from the Gunn-Thompson crowd, and the amount involved is said to be several million dollars. The deal was made through the Eastern offices of this company, local officials of the Cole Ryan interests not being advised until very recently that the deal was being consummated.
 Arthur Smith of the Townsite con- pany is still in the east attending to the details in connection with the sale s. w. Belford, attorney for the con- pany, has returned from the final con- ference.
 For year or more the Cole-Ryan people have been attempting to secure suitable shelter sites and water rights to insure the erection of an immense shelter in the Ely district. The Gunn-Thompson people controlled the only available water rights and most suitable ground. The smelter people in order to secure these resources found it necessary to purchase the tOwnsite and other holdings complete.
 'As the International Smelling X Refining company is strictly a mining and smelling organization, it pays pos itively no attention to the exploitation of townsites, said man who is in touch with the Cole-Ryan interests this morning. "The East Ely town site will not be given much attention by the new owners beyond an effort to get it of the hands of the smelter as soon as possible. What they wanted was the water rights and the building sites. Now that they have secured these 1t is more than likely that the work of erecting a shelter will begin at once. Though the new interests now own about 300 building lots in Ely, it is not likely the shelter will build here, for which Ely can feel thankful. The big plant will be built either at the GirOuX mine or on the outskirts of Ely. The problem that is to be solved is whether it will be cheaper to pump water from East Ely to Giroux for a smelter at that place or to build a shelter outside of Ely and construct a railroad to the mine. "
 It is believed in Ely that wcrk on the erection of plant as large, if not larger, than that of the Nevada Con- solidated will begin at once and will be under way before next summer.
 Confirmation of this important deal | has already had an effect on the busi- ness interests of Ely. Its successful consummatiOn means the employment | of between 1000 and 5000 more men in the district tributary to this city. It is well known fact that the Cole , Ryan interests in all their enterprises give preference 10 white labor and | werever possible foreign labor is en- tirely eliminated.
 The largest single transfer in the | transaction which will result in mil | lions of dollars changing hands Is the sale of the holdings of the Ely Secur- ities company at East Ely. During the last four years w. B. Thompson, George Gum and their associates have | expended in the neighborhood of g. OO0,OOOS in the construction of sub i stantial business blocks and modern | homes and otherwise improving their tOwnsite interests a short distance from Ely.