The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-02-26
SPRAGUE FORMS
0ATMAN MERGER
LARGE AREA IN CENTER Of
DISTRICT ACQUIRED BY
GOLDFIELD MAN

tor several days it has been RI
mo,ed that big consolidation deal
affecting prominent properties on The
inside of the district was in prog
ross, but no one was found who
wa able to name the properties OF
give the details. 1t was understood
that the Merritt group, recently
purchased by Charles S. Sprague,
the Nevada mine operator, was the
nucleus of the merger, but reports
went no further.
The Oatman Miner is permitted
authoritatively to give the full facts
and details of the deal, which is
one of the most important in the
history of the camp, promising, as
it does, very heavy operations up
on ground in the heart of the dis
trict between the Tom Reed vein
system On the west and the White
Elephant rhyolite dixie on the east.
This week the Oatman United
Mines company was incorporated at
Phoenix, Ariz., to take over the
vi
1t has since developed, to buy ad~
joining property.
After buying the Merritt group
Mr.. Sprague, who organized the
Oatman United Mines company. i'm :
med'ately became busy with nego-
tiations for the property of the
Dome Mining company on one side
and the Yankee company on the
other, and only within the past few
days reached an agreement with
all the large stockholders of the
two companies, whereby they sell
their stock to the Oatman United
Mines company.
AS soon as the affairs of these
companies can be wound up they
viii pass out of existence as sep
arate corporations. In addition to
the Dome and Yankee Mr.. SpragGe
bought for his company the Emma
ana Elephant fractions, between
the Merritt and the Dome, thereby
securing solid block of ground OF
approximately 125 acres extending
nearly mile along the ore chan
nels which have produced The
largest mines of the camp.
The properties comprising the
Oatman United Mines company
were purchased only after thor
olgA examination of prominent en-
ginecrs whose reports were of the
nest flattering kind. Two strong
ftnu h.A
end to end, correlated with the Tom
teed vein system. 1t is the best
o1inion that the relations of the
T. n Reed fissure and the big waite
rlyolite dixie up the mountain side
is such as to produce mines in tne
rletely covered by the property of
the Oatman Mines company.
1t is understood that this groun,
Will be explored on an extensive
scale and that orders have already
been placed for heavy machinery
capable of 1000 feet. j. X. Turner
the consulting engineer of the jam
bo Extension and other important
Il, nes in Nevada, will act in the
same capacity with the United
Mines c. S. Sprague, president Of
the Jumbo Extension, will be pres
ident of the new company, and c. G.
Spicer, president of the Big jim.
will be vice president, while c. Fl.
Campbell, formerly president Of the
Yankee company, will lie secretary.
The directory will be controlled by
the Sprague interests.
1t is understood that the con-
pcny will start with approximately
S100,0C0 in the treasury and that
all personal stock will be pooled.
The stock will be listed in due
course both in Los Angeles and Ca
the New York curb but only arter
the treasury has been literally i
narced and active operations begun.
-Oatman Miner.