Bisbee daily review., 1917-01-28
NEWHOUSE BACK INTO MINING
 BUSINESS
Man Who Owned Nucleus of What Is Now Utah Copper Interested in Group of Su- perior Claims.

By the payment Of large sum of money through the Galley Bank of Phoenix by J. Harry Macmillan. min ing operator of Nevada and Utah, to William A. Davidson, the finishing touches were put. on a deal whereby one of the valuable mining properties of the. Pioneer district at Superior changed hands. The purchasers, ac- cording to MT. Macmillan, include Samuel Newhouse of Salt Lake city and New York. The property has been deeded to a corporation recently or ganized under the name of the Magma Superior Copper company. It is un- derstood that MT. Newhouse will be president of the company. MT. Mac milan will be director.
 Negotiations for the sale Of the Davidson property, known as the ln- terloper group, have been carried on between MT. Macmillan, representing those who will be his associates and w. J. Graham of Phoenix, represent ing Mir. Davidson, for the past two
 
 very significant because of its location lying directly south and adjoining the Lake Superior & Arizona property, so recently acquired by the Magma in- terests and because it is claimed by those who know the district that the lnterloper group has been held in the highest esteem by engineers and geo. logists who have made a study of the Pioneer district.
 interested Through Report
 Careful study of the Pioneer district and particularly of the Magma and Davidson properties on behalf of the Newhouse interests by Engineer c. H. James and personal representative Of MT. Newhouse convinced the Utah capitalist and his associates that the opportunity for mine-making offered by the Interloper group is splendid. Ac- cording to these engineers the prop erty is traversed by three strong cross-fissures, resembling in all partic- ulars the Assure which has been re- sponsible for the disclosure of the vast body of high grade copper ore in the now far famed Magma mine.
 It is understood that Michigan min- ing operators were negotiating for the Davidson property and the competition for its purchase has been keen. The interest manifested by the specula- tive public and mining investors in the Superior district has awakened all sections of the country, where the mining industry attracts attention, to the possibilities of the district The Magma, notwithstanding thereticence of its management in disclosing the true worth of its well-known tremen- dous strike, is acting as a gigantic magnet in attracting to Superior the mining world. It is currently rumored that a number of other big deals are under way whereby valuable property in the Pioneer district will shortly change hands.
 Newhouse Talks of Property
 The following dispatch regarding the Magma Superior Copper company was received from Salt Lake City:
 Samuel Newhouse, formerly the most talked of mining man in Utah, whose colossal mining deals and lav- ish expenditures on Salt Lake public improvements, captivated the imagina- tion of the people for many years and whose greatest achievement was un- doubtedly the discovery of the com mercial value of the copper porphyries after number of years vacation is getting back into the mining indus try, according to his own statements given out in an interview during the week to a representative of the West ern News bureau.
 "1 am not only going into the min. ing business activity said MT. New house, but I am going into it heav- fly because I have tired of inactivity for the past few years. I have be- come interested in the wonderful pos abilities offered in the Pioneer dis trict in Arizona and have taken a sub- stantial interest in the newly organ ized Magma-Superior Copper company which has purchased the Interloper group lying directly, to the south and adjoining the Magma property. The reports we got on the property give us more than the necessary assurances of success in our undertaking We hope to make a big mine on the terri. tory acquired
 When asked if he was bringing back with him his former financial packers, who invested their millions years ago on the advise of MT. New house. and whose investments were once the sensations in the mining
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