The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1916-05-23
NINE MILLION DOLLAR STRIKE
REPORTED IN SLOSS-CUCEN-
Helm CLAIMS IN JARBIDCE
Story Given Out in San francisco After Meeting of Engineers
With Owners of the Properties Financial Circles Much
Interested In Story Contained In Recent Issue of San Fran
cisco Bulletin.

Inc representatives OIL the SlOSS anu
Guggenheim families have information
from mining engineers that recent
strike on their Jarbidge properties is
the story contained in the San Fran
cisco Bulletin of May 10. According
to this story a meeting of the engi-
neers was held on the arrival of
George ]. Shoup, of Jarbidge, in San
Francisco on May 8, at which time
members Of the Guggenheim and Sloss
families were present. 1t is said that
financial circles in the city by the
Golden Gate are much interested in
the discovery and that interesting de-
velopments are expected. 1t will be
remembered that Mr.. Sloss and others
recently visited Jarbidge. The story
as published in the Bulletin reads as
follows:
A conference of mining engineers
with members of the Sloss and Gug
aeDheim families was held at the Pal
ace yesterday to discuss the holdings
of these two families in the new Ne
vada mining camp at Jarbidge. 1t is
reliably stated that the two families
are in control of uncovered ore con-
tanning not less than $9,000,000.
IarDidge, wdicn dates back to 1907,
as a mining camp, now has popula
tion of 500, and is located 100 miles
from Elko, sever ty-five miles from
Deeth and is connected by a fairly
good automobile road with Wells, sew
enty-five miles away
George j. Shoup of Jarbidge, who
arrived at the Palace last Sunday,
brought the latest report of the gold
in sight to the owners This was the
fO ha 1t.nn NJ ara
business talk about the new gold
mine.
Mr.. Shoup today declined to discuss
the rumors of the big gold discovery
except to say that much valuable ore
had been uncovered at a depth of
both 400 and 700 feet
you had better see the owners,
he finally remarked.
Louis Sloss, one of the owners, said :
at is true we had a luncheon and
heard some favorable reports about
gold ore at Jarbidge. / can't say what
we've got just now"
The Sloss and Guggenheim people
it is understood, are developing two
claims The Potter Palmer family OF
Chicago have two other claims neal
by which the Sloss-Guggenheim com
for 100000.
This explains why Louis Sloss
George ]. Shoup and the local repre-
sentative of the Guggenheims are very
close-mouthed about the recent de.
velopments.
George Wingfield, the Reno mining
millionaire, through his Goldfield Con
solidated company expert, Henry Jul.
far ic alcn aftpr the Pa ln1nr claim :
He once had an option on one fol
$4,000 and 100000 on the other
This was in 1909 At that time ht
thought the prices too high Now h'
is seeking other options, but at wha
figure is not known.
To complete this triangular bidding
contest Charles NJ Schwab's Nevada
mining representatives, DR.. c. M
Ward and John c. Kirchin, have mad
a bid for the claim following an ex
animation last month
The reported big gold discovery a
Jarbidge is interesting the banking
and mercantile communities yer,
much because of the Sloss familie
connection with it.
The presumption is that Jarbidg
gold ore will greatly aid in rehabili
tating the Sloss family fortune tha
has been impaired by the failure o
the Northern Electric railroad AM
other coast investments since 1906.
Shoup, who is acting for the tw
prominent San Francisco and Ney
York families, is a member of tn
family that has Paul, Guy and Ere
Shoup in the councils of the South
ern Pacific company.