The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-12
WOOLLEY HAS BIC
PLANS FOR P|OCHE
Amalgamated Company Is to Go
After Resources in a
Business Way.

The complete statement OF E. r. Wool
ley, president of the Nevada Utah com
Dany is received by western stockhold-
ers The first portion deals with the ne
Eotiatons by which the Poche proper
ties were rounded out and which Is well
known history to Salt Lake stockhold-
ers. The statement then proceeds and
concludes as follows:
The Amalgamated Phoebe company
thus owns about fifty mining claims and
other lands In the town of Pioche GOV :
erIne an area Of twelve hundred G2oo)
acres, all contiguous and located in the
heart Of the Ploche camp and the con-
troversies and litigations which for thir-
" years have hindered The effective de-
Velopment OF that camp are finally
quieted II now owns outright the old
Raymond and Ely Independence and
days OF the Pioche camp produced SAP
100000. The engineers report that an
immense tonnage is blocked in the work.
ings on these assures. all of which may
be profltaby mined.
-, The most important work on this sec
ton OF the properties now being done is
on the 13oo-foot level from the No.
shaft on the Independence claim and the
dcvelopments at this point are very salts
factory, The wInze from the 1300-fo
level TO the 1500-foot level. according to
ore; and II is believed by persons Ia
miliar with the property and It's his
tory that one OF the largest mines of
me country VIII be there opened up. The
AmalHamaied Phoebe has also leased some
or Its undeVeloped ground on terms
winch call for Its rapid DEVELOPMENT.
Shipments OF ore were begun this week
from the Susan Duster mine and will be
continued
To insure a profit from the immense
tonnage OF ow-grade ores already de-
EeIoped In the merged properties the
AmalGamated Ploche COMPANY will erect
a mill at Pioche to separate and concen-
irale the lead and zinc ores in order that
they may be profitably shipped to the
There Is outstanding FIVE hum
dren thousand t500. .00O) shares Of the
capital stock Of the !Amalgamated Phoebe
COMPANY and over four hundred thousand
t4o0.O00) shares, constituting more than
four -nfths thereof. are held in the treas
ury Of the Nevada Utah company, there
by ins9rine control to the latter com
dency of the Nevada Utah company 7
have leased portion OF It's Last Chance
group At Bingham. Utah. and It's Inn
per'al group at Frisco, Utah, and both
the same time returning a small reve-
nue. TO the company's treasury.
Tn, The COMPANY Is doins DEVELOPMENT
haitian group in Lincoln county, Nevada, |
eight miles from Ploche. and the indi-
cations are very favorable. For the |
Moon group near Phoebe, nor on the Teie- |
phone claim. also located near Phoebe |
nor at the Comet mine near Frisco Utah |
The original negotiations for the merger |
or the Phoebe properties contemplated |
he inclusion OF the properties OF the |
Prince, Consolidated Mining company
situated some five miles distant from the |
Pioche conspany's mines. |
This plan WAS. however. rendered un-
necessary and neXpedent as the result !
,f mutually advantageous contract |
lated June 13. 1911, entered into between
he Nevada Utah company and the Bris-
ol consolidated Mines & Smelling COM
'any whereby your Day group OF 1--WE