The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-21
MERGER PLANS OF
THE COTTOVW00DS
Michigan and Utah Capital
Combine to Form Strong
Company Wednesday,
IS VALUABLE GROUND
Utah Mines Coalition, Grizzly,
City Rocks, Copper Prince,
Are Included,

ANsr = wears strenuous effort on tie
Fart of judge Norman w. ITaire aud j..
Q Edwards OF Houehton. Mich. IN the
face Of financial uncertainty and re-
lu.tant financial world with which TO cesl.
on "Wednesday morning they completed
tho deal whereby there IS consolidated
several OF The his mining properties of the
Utah.
There was organized on Wednesday The
Michigan Utah Consolidated Mining com !,
rany. capitalized for $500. 600 divided
into 1000. 600 snarcs OF stock. par value
$3.50 each which COMPANY Is TO take
Coalition. The '' City Ity Rocks. GriSSly and
Gopher Prince properties, within whose
lines are approximately 1900 acres OF
Tinorslized ground. extending IRON iit-
Tie Cottonwood OIL over the divide INTO
Big Cottonwood canyon.
Seven directors we're chosen Yesterday
They are Duncan MacNichlc, who is the
president of the company; j. T, Edwards,
vice president; Norman ". Hare, James
\. Pollock. r. II Strickland. Edwin G.
Woolley. Jr... and L. III. fsrnsworth The
offices of the secretary and treasurer
viii be tlled later.
Stock Basis Not Known.
II could not be asccrtaincd YESTERDAY
wlat stock Interests are 10 be granted
10 each OF the companies entering this
merger. this being point TO be deter
lllnPG Wll0Jn lIf NEXT lew hSN - sl'oSi y
tIaire and Edwards own the control OF
the cav Rocks and Grizzly Companlcs.
while they recently purchased from Tony
Jacobson the Copper Prince group OF
hcials represent The majority named OF
tnc new board.
II is the plan 10 confine operations on
the combined property for the winter via
rhe Utah Mines Coalition side. the long
drain and operating tunnel OF which eN-
tends To within short distance OF the
city Rocks ground The connections
between this tunnel and the old Cit.'
Rocks workings have already been made.
and the Utah Mines Coalition property is
especially available for operating pur-
cess NO Rig Cottonwood and the addi-
tionsl fact that the complete equipment
and boarding house OF the property have
been located underground. where there is
absolute freedom from damage from snow
slides.
Future Plans Extensive.
\ very comprehensive plan for future
development effort doubtless will be
mapped out without delay. and II is con-
sidsred certain that this new company
plans extensive drainage tunnel and cleo
trio power facilities. which Will be the
means OF reaching 10 heretofore untouched
depths In rosi section OF the Wasatch
range. The interests mentioned ara OK
trcmelN powerful financially. while the
new compeny has the advantage. OF very
efficient export talent, and II Is whis-
pered around that from the financial
standpoint there are even more powerful
eastern capitalists eventually TO take a
part in the affairs OF the company.
Messrs. HJirc and Edwards have been
dsallng with at least twenty companies
during the past six months. bu, not all
could he Included. and IT will be Erca {
oissppointment 10 innumerable share
holders that their properties were not
taken in WITH the rest. The South Hecln
stockholders have voted TO dispose of their
properties. presumably 10 this organizs-
ton. but IL is not stated what final dis
position Of tnis property will he made by
the new company, II any at all
Valuable Territory.
The interests behind the new compa ny
have the satisfaction Of knowing that
they have brought together ono of the
most gratifying and promising acrea ages
Of mining Utah: that there is a large
and valuable tonRaSe now developed, and
that the means h'e To he afforded 10 dig
To untouched depths for ore known almost
70 certainty TO exist II means the ex
ploitation along the proncr scale and for
rne trst time in recent history of valuable
Aita and Big Cottonwood territory.