Mohave County miner., 1911-07-01
The Gold Road Mining Deal.


 queries regarding the reported sale of the Gold Road Mining and Explora- tian company's holdings 10 the United States Smelling company and the probable terms of the sale. The
 MINER is now in position to give some of the proposed details of the sale, as meeting of the stockholders of the company has been called to meet in Prescott on the l7th to ratify the deal. The whole transaction for the company has been through William Bayly, who has been in Paris the past several months, and Sidney J. Jen. nings for the United States company. The proposition that the stockholders will have to vote on in ratification of | the deal is the acceptance of l, 200, ,OOOS in cash on the 18th of this month, and he further payment of ll,S2S.9lS, and the obligation of Mir. Jennings to re- dee m the bonded debt of the Gold Road company amounting to the sum of 2O6, ,25OS. and the carrying out of all contracts now in force of the part of the Gold Road company. The deal carries with it the accumulations in the treasury of the Gold Road com pany from the first day of February, 1911, but the company will disburse to it's stockholders the accumulations in the treasury prior to that date. It is understood that the sale will repre- sent the sum approximately l,60O,000S when completed, and that the com pany taking the property over will expend in betterments more than half million dollars.
 There appears to be little doubt of the ratification of the agreements of the company with both Bayly and Jennings, as the majority of the hold CTS of the Gold Road stock have signi- fled their willingness to accept the terms offered.
 Among the contracts that will have to be carried out by the new corpora ton is that held by Henry Lovin for store and other concessions at Gold Road; the contract with the Desert Power x Water company: the contract to protect the Gold Road company from litigation that may grow out of the use of certain methods Of gold saving now in use in the mill of the company and all personal injury cases that have had their origin since the first day of February.
 Few people recognize the import ance of the entry of the United States Smelling company in this big way into Mohave county, but the fact that they are getting a foothold here and that they recognize our mining i'm portance will be worth millions to the mining industry of the county. It is understood that more than 700 propos- tions were put up to the United States Smelling company the past two years and forty of these were deemed worthy of examinations by the engineers of the company and only two were favorably reported on for purchase, the Gold Road mines and group of gold mines in Alaska | About six others are having some pre- liminary work done on them to satisfy | the management of their possible | worth. When people realize that Mohave county had one of the mines | that was considered worth buying out of all these properties it surely means that we have one of the great mines of the world in the Gold Road property. And with the usual business method | of this company applied to the Gold | Road mines the production of bullion will be more than doubled within the | year and betterments of millions of | dollars made in the camp.
 Everybody in Arizona will surely welcome the new company, as its entry in this mining field is being watched closely by investors all over the world, and will bring with them many millions of dollars from people that like to follow their example.
 O. D. Clack came in from the Rico mines this week and is quite enthu-