The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1911-03-25
THE MERGER DEAL.

No news has been received in Pi
oche in long time that has Great
ed quite SO much satisfaction as
that which came in the early part
of the week announcing that stock
holders of the Prince Consolidated
and Ohio Kentucky Mining companies
had authorized and ratified the mer
ger deal with the Nevada Utah Min
es G. Shelters corporation and that
the directors of those corporations
had carried out the instructions of
the stockholders by entering into a
signed agreement with the Nevada
Utah corporation. This agreement
means that the negotiations looking
toward a consolidation Of the princi-
pal mines of the district and which
have been pending for several months
has been brought to a successful con
clusion; that it is now matter of
but short while until the Phoebe
district will take on an air OF prosper
ity that has not been witnessed in
this community since the days when
Pat Holland edited the Record and
when Raymond and Ely were con-
spicuous figures in these diggings.
The Record has not doubted for
one minute, since it was learned that
Ernest r. Woolley was engineer
ing the deal, but what it would be
consummated sooner or later and
upon basis highly satisfactory to
all parties concerned,for we recognize
in him a man of extraordinary bus
mess acumen and TACT a man in
every way qualified to do things and
do them upon large scale. Our ac-
quaintence with Woolley dates back
for the past ten or twelve years; we
knew him when he was a obscure
mining operator in Utah But endow-
ed with idomitable courage and with
determination to reach the top
rung of the ladder OF success we
have felt for sometime that he would
some day occupy prominent place
among the premier mining magnates
of the country,
We have been satisfied that in
this Phoebe deal Mr.. Woolley rep
iCoChtCu iilNil WiO AN1NNi . III thN
financial world and who, therefore,
are in position to swing any min
ing or smelling enterprise, no mat
ter what the magnitude might be;
that they are men who are prepared,
and who will, place Phoebe in it's
righful rank among the big mining
camps Of the United States The
public has not yet been advised as
to the identity of the interests which
are to become factor in the future
development and upbuilding of the
Phoebe district; but when they dc
become known, there will be some
pleasant surprises.
What Phoebe has lacked in the
past has been men interested here
who had sufficient capital behind
them to open the mines upon mag
nitudinai scale and after having
done so, provide facilities for the
treatment of the vast tonnages of
low grade ore and the marketing Of
the product of mill or shelter. All
Of these are to be supplied by the
Amalgamated Phoebe Mines & Smelt-
ers corporation, which is to take oy
er the merged mines consisting of
all the properties of the Nevada Utah
in Nevada (excepting the Manhattan
and Half Moon minesl; the narrow
guaged railroad operating between
Phoebe. and the Day mine at Jack
rabbit; the entire holdings of the
Prince Consolidated; also the hold
ings of the Consolidated Phoebe
which includes the Ohio Kentucky
and Greenwood mines
The examination of titles 70 the
properties involved in the merger is
still incomplete, but the attorneys and
expert accountants working on this
matter expect to be ready to report
their findings within week. As soon
rs the records are reported clear,
the formal transfer of the properties
to the Amalgamated Phoebe company
will take prace and following which
the latter viii inaugdrate activities
marking new era in production from
the mines and substantial and perma-
nent growth for this camp.