White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-05-07
Have Cut Down the Force to
One-fourth of Men Employ
ed Six Weeks Ago
STOCKS KEEP UP ON THE CUT
RIMORS OF A DEAL ARE CUR
RENT AND THE DISTRICT MAY
SEE PERIOD OF LARGE con-
sTRUCTION.

What is the matter with the Gil
roux Consolidated Mining company?
This is the question which has been
asked in the district for the past few
weeks, and the reason for it is the
fact that they have been letting out
men right and left, cutting down the
force in all directions. On the first
of April there were employed at the
Giroux more than 200 men, now the
total number employed will not ex-
ceed 55 men.
Beginning with the first of March
the mine began putting on men, more
work being piled up both on the sur
face and in the underground work
ings. The second week of April had
not passed when orders came to cut
down expenses and let out as many
employees as possible. In the neigh
borhood of rs were dismissed with
the injunction that the layoff was
but temporary. and that short time
would see more men working on the
Giroux than ever before in its his
tory.
Since then more men have been
discharged. and the employees who
are left do not know the day when
they will get their time. No surface
wo1A = bel. = done at all, but 10
the matter of that none Is necessary
in view of the developments which
are being made in the underground
workings. Economy is the watch
word at the Giroux. and there is not
a superfluous man on the ground.
nj Ia ri haf
the company is doing the right thing
from a sane mining and business
point of view. At the mine they are
getting closer 10 the ore, and as
soon as they strike the ore body
they will have to begin blocking out
the ore. and this IL Is claimed is not
a good proposition at the present
price OF copper.
In ordinary circumstances the
letting out of so many men would
have depressing tendency upon the
stock of the company. put this has
not been observed TO any great de-
gree. A slight decline has followed.
but as soon as the market changed
the stock of Giroux went up with the
rest of the securities. showing that
the east with regard TO the property
and its prospects.
A few months ago a report was
current to the effect that the Cole
Ryan interests. which are the
heaviest holders in Giroux Consoli-
dated were negotiating for the pur-
chase of the Nevada Consolidated s
holdings In the district. This re-
port went far and wide over the
country. but now rumor has the
situation reversed. and the report is
that Nevada Consolidated is aiming
to get possession of Giroux Consoli-
dated. not only that. but that in the
deal is included the property of Ely /
Consolidated
Next to the Liberty pit of the Ne
vada Consolidated is the Butte and !
Ely ground recently acquired by the
Gronx Consolidated. and this could {
be worked as a steam shovel pit +
proposition in connection with the 7
Liberty The taking over of the Gil I
roux would give Nevada Consolidat-
ed ample dumping ground. some
thing for which the big company Is
always looking.
II such a deal goes through the
consequence would be the need OF
considerable more labor In the dis
trict, for the reduction plant of the
Steptoe Smelling and Mining COM
pany would have to be materially
Increased. one or two units being
added to the concentrator and at
least one more reverbatory being +
nj l. ie
mean another period of construc-
tion for the neighborhood OF two
years during which time the liyeliest
kind of times would be seen In the
district