White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-12-15


Wednesday night of George E. Gum,
of Salt Lake City and II. E. Dodge
and w. II. Alridge of New York, gave
life to the rumors afioat for the past
month, that the details were about
being completed of a merger between
the Gunn-Thompson interests and the
Cole-Ryan interests, the former con-
trolling the Coppermines and the
latter the Giroux properties. These
rumors have been of intermittant oc-
!, eurrenee, and as often as they APP
pear are declared as unfounded and
: without truth, by those or their rep
resentatiyes on the inside. In con-
nection with the last rumor is the in
teresting implication that the merger
is a deep-laid scheme whereby the
combined holdings of the two COM
panies would eventually come under
the control of the Nevada Consolida-
ted. This last possibility has been
used as the basis of a lot of visionary
effusion in New York publication,
by George Graham Rice, of Ely Cen
tral fame, who has recently complet-
ed jail sentence for fraud, in eonnec-
tion with the company named.
The merger of the Coppermines
and Giroux interests is an entirely
logical proposition, and there are
those who believe that in spite of re-
peated statements to the contrary,
such a consolidation is actually un-
der way, and that another large
smelling plant in the Ely district is
possibility in the near future.
Mr.. Cole, on a recent visit here,
t.ga s, .
the Gironx. and of Ely as a city des-
tined to growth and wealth. Mr..
Cole at that time denied the merger
rumor and his denial could be taken
as applying to any consolidation with
Nevada Consolidated, or with any
other company. as he is credited with
the statement that the district was
too rich in mineral and too large in
area, 10 be controlled by any one
company.
Notwithstanding the contradictions
there seems to be something in the
wind. as bearing on the development
of the Giroux. as associated with the
Gunn-Tompson holdings, which not
only include mineral properties. but
valuable and extensive water rights,
and real estate in Ely and East Ely.
which would become OF increased
value with the building and opera
ton OF smelling plant of large cap
acity. in the immediate vicinity. Such
a dream of Industrial conquest. with
all IL would mean to the Ely district,
Is pleasant 10 contemplate, and there
are many things having a bearing on
the situation. that makes a cOnsolida-
ton OF the Giroux and Goppermines
interests seem like an extremely pro-
bable proposition.
But Mr. Gum. on his last visit 10
the district. stated positively. that
he knew nothing of any merger tran
sactions. and that his visit was de-
void OF any unusual significance, be-
ing one of his regular trips of in
spection TO the Gunn-Thompson prop
critics located in different parts OF the
country. Concerning the merger, he
had nothing 10 say, as there was noth-
ing that could be said. Mr. Gum
was willing 10 be quoted along other
lines, aud to a representative OF the
News said.
Mine and smeter conditions at
Mason Valley are extremely favor
able. The ore tonnage today is larg-
er than Ii was at the time produc-
tion first began and the management
Is adding TO the tonnage right along
The receipts of custom ores at the
smelter are extremely gratifying, and
this custom business of the company
unquestionably will grow larger in
time.
"The management has started
stoping from the level 100 feet be-
low number four tunnel, this ore
having been brought into sight by
means of diamond drilling. On the
100-foot level the management has
erosseut TO the east vein and fifteen
feet of ore is shown in this work
and this, as you know, Is new ton
mage. Work is under way TO en-
counter the same ore on the 3Oo-foot
level.
When asked regarding smeltel
work. Mr.. Gum said the plant had
more than exceeded expectations As
originally constructed this plant was
expected to handle 500 tons OF ore
daily, each furnace having a rated