The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1913-02-08
Prince Consolidated Control May Pass Into
Hands Of <UnG|t" Jesse KniQht.

ial sources, information which comes
from parties in position to know.
mere are excellent reasons to be
iieve that work will be resumed at
70. shaft of the Amalgamated-Pi-
che before the first Of April
1t is understood that the engineers
have recommended the sinking of the
'haft 800 feet deeper, which would
take it to 1900 feet, and then cross
cut from that point to the black ledge
Meanwhile giving attention to the
further exploitation of the ore expo
,ures upon the intervening levels.
1t is also understood that those
ow in control of the Nevada Utah
lfairs have consented to seggre-
alton of the Ohio-Kentucky holdings
) the Godbe brothers upon condi
ion that the latter relinquish their
iaim of $l25.000,
In event this is done, the Godbes
i'll operate the Ohio-k entucky and
'eyada Utah. the No. l and other
-aymond and Ely properties, making
wo active corporations right here
A town. 1t is believed, however,
hat the taking back of the Ohio
Aentucky holdings is contingent up
IN the final payment OF the prince
Consolidated deal with the Knox syn
licate, which is due on the Is inst.
Here is what the Salt Lake Trib-
me of last Wednesday has to say
about the latter:
Charles E. Knox. president Of
the Montana-Tonopah company and
lirector of the PRINCE Consolidated
ompany, arrived in the city Tues.
lay morning for the purpose of hold
ing a series of conferences with the
Knight interests in relation to a
humber of Nevada mining PROPOSE
lions in which they are both inter
ested. Among these propositions is
the Aurora Consolidated company
where the owners are pushing ahead
leep development operations, prOvid'
ing drainage facilities and outlining
plans for 500-ton concentrating
plant which will be installed as quick
" as all the mechanical details are
arranged satisfactorily.
1t is not likely that Mr.. Knox will
release any interesting Information
.his visit in regard to the Prince Con
solidated company. The present man
agement, he stated yesterday, to the
Tribune, was concerned at present
With operating the property, and not
in the stock market. The date upon
which the next step binding or re-
J leasing the new owners Of control in
The Prince Consolidated matter is
scheduled according to the Original
contract for February Is. and it IL
lot likely that Mr. Knox and assoc
lates will cross this ravine until the
bridge is built.
He made it plain when seen BY
he Tribune representative that HI
lad nothing to give for publication
1t this time about the, Prince Consol
/ dated ecxept that development ant
production at the mine were beini
carried forward along the energeti
lines originally determined upon"
According to a rumor that wa
S given considerable credit among mil
: ing men this morning, the control q
6 the Prince Consolidated Mining
. Smelling company will pass into tn
y hands of "Uncle'' Jesse Knight an
associates, says the Desert News.
a Is said that the interests now hel
under option by Charles E. Kno
presiednt and general manager Of Il
re Montana-Tonopah will go to M
Knight, and that it is probable tn
N other stock will also be transferred.
Mr.. Knox has been in the city +
several days comforting with NJ
Knight upon work that is being dol
in Nevada in which they are both !
8 terested At this property it is pr
: posed to build mill to cost in Il
neighborhood Of 100000. There
sufficient ore at the property to JUS
,l- fy this expenditure, it is said, and
s- series of tests have been cOmplet
upon the ore Their close associ
q. tion in this matter, it is said, has
sd to negotiations for the sale Of {
p control of Prince.
OF Officials Of the Prince Consolidat
'r are unwilling to affirm or deny I
story that Mr.. knight is contempt
o. ing taking over an interest in t
IN Prince or even acquiring contr
81 They declare that there is nothing
- present that can be said either wa
,a property. they declare they have
= interest.
,h,' Another payment on the option |
ne control of the property is not d
,;s until Feb. Is.