White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-06-08
FULL DETAILS OF
MERGER PLANS
NEW CONSOLIDATED COPPER
MINES COMPANY PRESENTS A
STRONG ORGANIZATION OF
LOCAL MINING INTERESTS.

For several weeks past piecemeal
information has ben given out con-
cerning the merger of the Cole-Ryan
and Gunn-Thompson interests in Ely,
into the Consolidated Coppermines
company. News readers are familiar
with the details already published as
pertaining to the terms of the mer-
ger and the basis on which the stock
of the Giroux, the Butte and Ely,
Coppermines and Chairman compan-
les will be exchanged in the new
company The complete details of
the merger are now given in a circu-
lar letter of recent date, issued to
the stockholders of record, and an
nouncing the officers of the new
company, as follows;
Charles F. Rand. president; Eras-
tus T. Tefft. vice president; Charles
F. Smith. secretary-treasurer Edwin
F. Gray. general manager; Thomas F.
Cole. Joseph B.Cotton, Isadore Hern-
sheim, William B. Joyce. Ralph C.
! Eupton, Mulford Martin, C. Lawrence
Perkins. James Phillips, Jr.. Charles
F. Rand, w. Hinkle Smith, Erastus
T. Tefft, William B. Thompson. dir
ectors: Guaranty Trust company, 140
Broadway, New York City, Transfer
Agent: Bankers Trust Company, 16
Wall street, New York City, Regis
trar
The organization is strong one.
and the official announcement is one
to stimulate confidence in the belief
that the new company is destined to
large and permanent good in the in
dustrial and financial Importance of
the Ely district 1t seems pretty
conclusive evidence that the metal re-
sources Of the district are to be de-
veloped in manner not heretofore
attempted, by a powerful organiza-
tion amply financed distinct and sep
arate from any other interests at
present operating in Ely and vicinity
The personnel of the Consolidated
Coppermines company is one with
which many in the district need no
/ Introduction, and 1t is a matter OF
satisfaction that Edwin F. Gray is
announced as the general manager.
He is personally known to many, as
practical mining man of ripe expe-
rienee and as having an accurate
knowledge of the ore possibilities in
Ely where he has been personally in
terested The presence on the board
of directors. of James Phillips, Jr.,
is also looked upon as propitious to
the future operations of the Consoli-
dated Coppermines company. Mr.. Phil
lips is former president of the Ne
vada Consolidated. and is on record
as opposing the merging of that COM
pany with the Utah Copper.
OF course. much yet remains to be
done before the new company can
commence the work of development
and the construction of the long
talked-of smelling plant and other
projects which point to Ely's growth
and prosperity. but these things now
are only a question of such time as
will be required to prepare the nee
essary plans and decide on locations.
The construction period is not far
distant. and with the actual work un-
der way. the fulfillment of long-cher-
ished hopes will have commenced for
the many who have not lost courage
through years of adverse eircum-
stances, and remained confident in
the belief that Giroux would finally
come into its own. The reorganiza-
tion plans as set forth TO the stock
holders, are as follows:
To the stockholders of Girous
Consolidated Mines company. Cop
permines company. Butte & Ely Cop
per company and Chairman Consoli.
dated Copper company:
For your consideration we enclose
YOU herewith the following:
|. Offer of Consolidated Copper
mines company, hereinafter called
the Consolidated company. givinf
YOU the privilege until and includins
June 30. 1913 of exchanging stocks
of your companies for full paid stock
of the Consolidated company on ths
bases in said offer set forth;
Of
case you elect to exchange shares
and to be sent with your certificates
The stockholders desiring to ac
cept said offer must deposit Their
certificates of stock on or before
June 30. 1918. duly endorsed. with
Guaranty Trust company. of New
York LAO Rroadwax Nam Yorl C,it..