The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1911-07-22
GREAT DEAL CLOSED

The sun is rising for Phoebe. Last
Tuesday 1t Salt Lake the last act in
the negotiations Anyolying the great
est deal over made In Phoebe min
ing properties was brought to suc-
cessful Conclusion. AS result CT
this pleasing turn Of affairs. the
letters wHsch for more than quar-
ter OF y century have prevented
q recurrance of real prosperity here.
have been torn away and now we
can face the future with feeling
OF confidehce that Phoebe will soon
have the opportunity to show to the
world thatSit is the best mining camp
In the stage OF Nevada.
The REIMBURSEMENT Of interests
heretofore held By the Godbe brothers
and associates in the Ohio Kentucky
and Consolidated Phoebe companies
to the Nevada Utah Mines & Smelt-
ers corporation completely clears
the situation SO that some OF the
richest mines In the heart OF the
comparatively idle for more than
q quarter OF a century because OF
contention over ownershlp-can be
operated again and placed upon
paying basis. The mines included In
the deal contain immense tonnage OF
commercial ore and under the new
management no time win be lost In
putting them In shape to market the
product and to bring the desired
returns to the shareholders.
The feepening of the Raymond
and Ely lodges, the wonderful Black
ledge OF the Consolidated Phoebe, the
rich ffSures sof the Meadow Valley
and nofghboring mines has but one
meaning permanent and continued
prosperity for the camp. 1t will en-
couraxe the development Of proper
ties on the outside. capital win seek
investment In the mbeveloped re
sources OF this and surrounding dis.
tricts where In the past such propo-
sitions have been Stunned. 1t means
really and truly q Greater Phoebe; 1t
will stimulate ths agricultural and
stock raising industries; there will
be q great influx Of population and
that viii mean Greater Lincoln
county.
The.eredit OF bringing about the
contamination OF the deal and the
amicable adjustment of the diff
culties which have existed here
tofore between the Godbe interests
and the Nevada Utah is due to
the energy and untiring efforts Of
Ernest R. Woolley. president Of the
Nevada Utah corporation. He began
the negotiations early last autumn;
at one time 1t was thought that the
Prince Consolidated would be brought
into the merger and when that part
Of the program fell through; many
predicted that 1t would be the old
story over again--nothing done-when
1t came to the adjustment OF the diff
culues which had held the camp back
But Mr.. Woolley would not allow tn
word defeat place upon his ban
nsr and he kept on until he gained
another triumph. Always conducting
his negotiations In gentlemanly
and businesslike manner. While the
Prince Consolidated was dropped. the
Bristol Consolidated was brought In
to the fold. placing the Nevada
Utah In g much stronger position
than had the original merger plan
carried The Prince Consolidated.
recognized as one Of the best mines
Of the camp. will be operated inde-
pendently. But what WIN help Phoebe
more directly IL the operation of the
properties Just In the outskirts Of
town and which have come into
Nevada Utah control. Mr.. woolley
has accomplished something which
no other man has been able to do
for this camp In many many years.
1t D understood that all the mines
sequired and including the orig
inal holdings Of the Nevada Utah in
this district viii be taken over by
the AmSlgamated Phoebe Mines COM
pany which has already been organ
tied under the laws of the state Of