The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-04
DEEP SHAT 7 IS
To Be DRIVEN
GoldfieId Deep Mines Will Send
New Work to the Two
Thousand.
BIG INTERESTS ARE
BEHIND THE DEAL
Company Is Financed for the
Deep Campaign to Be
Started.

1,he formation OF the Goldheld Deep
Mines conpany by the w. a. Clark and
associated interests is taken TO marx
u new departure In Nevada mining, ana
especially does IL bring about a greater
Goldieid 1t is estimated that former
Senator Clark has expended more In Ne
vada than any other individual. his in
vestnents In railroads and mines footing
up TO So 00o, 900. according TO the estl-
mates now being made.
c. O. Whittemore has issued state
ment regarding the organization and pur-
poses OF the company just formed. which
Is as follows;
The Goldheld Deep Mines company is
the state Of Washington, with au-
shorized capital OF $4,000, 000 There are
10000, 900 shares Of par value OF 81
each.
otis officers are j Ross Clark. presi.
president and director; John ErikSon, al-
Claude NJ. Smith. secretary and director
'"Fhe corporation has acquired control
Of the Goldheld Merger Mines company.
Besides the 100000 shares OF the capt.
talized stock OF the Goldheld Merger
Mines company in Its treasury; u mas
3.es7oo0 sharos OF its own stock IN the
treasury, with which TO acquire additional
shares OF Merger stock and the stock OF
other mining corporations.
Is Holding Company.
The Goldhed Deep Mines company will
be a holding company and the active OPP
erations OF the Goldheld Merger Mines
company and other companies or which IL
may secure control VIII be conducted IN
dependently of the Deep Mines company
''The Goldfcld Deep Mines COMPANY l,anE
OF the Goldfield Merger Mines company.
paying into the treasury OF the Merger
company s250.O00 which is on the basis
Of ,hp n rp
stock.
The Goldheld Merger, Mines company
GERS are c. O.. Whttemore. president;
John ErilSson. vice president; Claude NJ
Smith secretary. and these three. with
John NJ Grace and ", IL, Comstock. are
''It is the purpose of the Godheld Mer-
ger Mines company to at ONCE begin inc
development OF itS propgmrty m by means means OF
once This shaft will he four~compart-
ment shaft. and will he continued to
depth Of 20 1000 feet from IN, WhGh & ProspefIt Sp Id
Gated on the Moonshine claim.
Basis of Exchange.
with the exception OF John Erlkson
and Claude NJ. Smith the officers OF the
Goldfeld Deep Mines company and the
Goldfeld Merger Mines company are the
officials of the Clark railroad.
The stock Of the Deep Mines COM
pany will be exchanged share for share
for outstanding stock OF the Merger COM
pany;
There arc some outstanding shares of
the stock Of the ST Ives company which
is yet To be exchanged for stock OF the
Merger Mines company; and as soon as
this has been accomplished active de-
veloprnent work will be started"
Discussing this matter. the Goldfeld
Tribune says.
"Of the officials and directors of the
Deep Mines company. j; Ross Clark:
Of % and mi
ing interests OF Senator w a. Clark;
c. O.. Whittemore. vice president OF the
company, Is vice president and general
road; Claude NJ. Smith. secretary. Is one
of the pioneer mining men of the Cold
field district and larger holder In Mer-
ger. Spearhead and other mining COM
panies; john Erikson is also one of the
pioneers OF Goldfeld and was the former
president Of the Merger Mines company
and largest holder OF Its stock: and c. Z
Redman is general agent Of the Las Vegas
& Tonopah railroad. with headquarters
in Goldfield-
Clark Likes Goldfeld
Senator Clark for years has had un-
bounded confidence in the possibilities and
future of Goldfeld. The first evidence of
Las Vegas & Tonopah railroad into the
district which was the first move in the
reduction OF freight rates Three years
ago. at public gathering, he expressed
storehouses Of wealth In the Goldfeld dis
trlct would be found at a depth OF ap-
pTo*imately 1000 feet, was The cage in
The Comstocks and at Butte. He prophe-
sled that shaft TO prove that theory
would some day be put down. and that his
was not Idle talk Is demonstrated by the
fact that. IL is he who furnishes the
slnews OF war TO carry out his prophecy