The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-19
NEW 0WNERSF FOR
NEvADA-UTAH Co.
Boston Reports Control Changed
Hands of Noted Phoebe
Mining Company.
ERNEST r. W00LLEY
IS NEW PRESIDENT
Evidently Means Phoebe Camp
Is Reaching Out to Big,
New Era.

From Boston on Tuesday afternoon
came the interesting information that
the control OF the Nevada Utah company
had passed into new and extremely
strong hands. and that Ernest r. Wooley
had been elected president OF the or
garization. Mr.. Vooiley is a Salt Laker,
and local interests who lay claim TO
talent as guesscrs arc willing 10 obi
gate themselves to eat the crown Of
their best hat If the purchasers of this
control are not the Coie-Ryan Interests.
or interests closely allied 10 the same
ThiS mere announcement carries tre
mendous import TO the west AS is we'll
known, the Nevada Utah organization Is
the owner OF the Day mine in Phoebe.
and joint owner in the Consolidated
Phoebe company. For years there had
existed friction between The Nevada
Utah and the Ohio Kentucky companies
oyer jointly owned properties in Phoebe.
NeV. In order TO bring about peace for
The famous old camp the Consolidated
Pioche company was formed for the
purpose OF taking over all the disputed
ground. each old company 10 have an
equal interest in this new orga MIA ton.
Hence the Consolidated Phoebe capital
ization, which is 100000 shares OF stock
par value $40 each, was divided as fol-
lows; Two hundred thousand shares 10
each OF the old companies ard 100. 600
shares In the treasury.
solidated PIoche board. Two being Sc
lected by the Nevada Utah and two by
thr Ohio Kentucky. The ffth director is
me CorpoTation Trust company Of Will
mipgton. Del, and this director has no
vote. The Nevada Utah company re-
taincd its ownership in the Day mine.
but The unooubted merits of the Con-
soildatcd Phoebe company lie i'm the
numerous properties located on the IA
nous Yuba dixie. and IL is from this
group OF mines that the greatest results
are to come.
II is evident that Phoebe is 10 have
exactly what IL requires TO restore IL TO
active and remUnerative prod ucton
strong financial backing and mills and
Nevada Utah control is considered the
first step In a gigantic merger for the old
district. and further developments are
awaited with intense interest There is
very great tonnage of ores available
in these mines and in many old dumps
which shoGid he concentrated and smelt-
90 at Pioche In order to allow the reap
&&e OF the logical merits In the same.
Rheres is every reason To believe that
ke resurrection era for Phoebe is At
&pd and that those who have devoted
~ ne and. fortune to restoring the
&aQp g, Its former glory are at the
f3Shold Of realizing their fondest
6he Nevada Utah company for many
fSs has heen unfortunate in Its man
3cment. The stock has served as a
l8gtball on tho eastern markets and
EBel anvonc wanted 10 kick something
Ffdl Spard they selected this issue, The
Nctada- tab has evidently attained n
hew role. and from this forward IL
Should be All entirely different PROPOSE
tl"r.
4 Ernest r. woollev is supposed to he
arting in conjunction with the Cole
RYAN interests. as year or more ago
3re came very near turning over TO them
The Colorado Mining and Iron Blossom
yroue rties nf Tintic. Should the new
'e-s ners OF tho Nevada Utah he the Cole
RYAN people this deal punctuatcs their
entrance into tho lead dsilverzinc field,
ss we'll as copper