The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-22
SAM NEWHOUSE IS
BELIEVER IN
NEVADA :
UTAH MINING MAN HAS FAITH
IN FUTURE OF
MINES

United States. There is much to
build on in this state. Vast unde-
veloped fields and vast fields that
were developed two or three decades
ago and then abandoned because of
transportation difficulties, lack of
proper treatment for the ores and
other causes, can be opened up"
This is Samuel Newhouse's opin-
ion of Nevada in a few words, as he
gave it in an interview to the Ca
zette. Mr.. Newhouse is one of the
most prominent mining operators in
the west and has developed more
abandoned properties as well as
new properties during the past %
years than probably any other mar
in the country. His home is in Salt
Lake and his most extensive inter-
ests are in Utah, but he is now in
Guiding Nevada in his operations and
was elected a director in the Louis
lana Consolidated Mines company
of Typo yesterday.
Nevada has a wonderful future;
there is no question about it," said
Mr.. Newhouse. when times are
normal again Nevada will be revived,
so to speak, and capital from the
east and from the west will come to
this state t. develop these vast min
eral BELTS"
When asked his opinion of dollar
silver and its effect on Nevada,
Mr.. Newhouse said: 1.-The fact that
the government is going to purchase
stated amounts of silver at the fix
ed price of 81 will tend to send sill
yer to a premium before long, l be-
lieve, and this will be another great
benefit to silver mine operators in
this state and in other states"
In connection with the Louisiana
mine at Typo, in which it has been
reported for some time that Mr..
Newhouse was interested, he said
he believed the mine was one of the
big ones of the state.
Tentative plans for extensive de-
velopment work are now being
made" he said. "These include the
sinking of the shaft to 1000 feet,
the charging of the mill and the/
bringing in of a power line from
Belmont or Tonopah. The ore from
the mine is hard to treat and the
plans call for certain changes in
the mill to bring up the extraction
percentage. There eve was ar ore
that could not be treated and 1t will
be a simple matter to- make this
change.
THE facts are, in my opinion,
that there is a mine at Typo AMI
this is the main question to be o r
sidered. My greatest success in the
past 25 years has been with prop
critics that have been abandoned.
and it is one of the mysteries of
mining in Nevada, where so many
great mines have been working,
that the Typo property has been idle
for so many years."
According to some who are inter-
ested in the company, Mr.. New
house has been mentioned for presi-
dent of the company, but he said
that he did not expect to take such
an active position but intended to
give considerable time and thought
to the development of the mine from
the standpoint of a director and
heavy stakeholder.
Shale oil is another field that Mr..
Newhouse is heavily interested in,
and he declared that the industry
promises to be n of the largest in
the United States and would not only
be a big money maker for people
interested in it but would be a
great thing for the country from
an industrial standpoint.
"The shale oil fields are unlim-
ited," he said. "and the people in
general do not realize the magni-
tude of the proposition"
MI. Newhouse is interested in the
Otto Stallman process for the recov-
cry of oil from shale. A plant has
been running at the university of
Utah for several months with con-
siderable success.
The settlement of the recent suit
brought by Mr.. Newhouse against
Samuel Untermeyer over a block of
stock in the Newhouse Realty COM
pany of Salt Lake City, involving
about $4,000. 900, was discussed by
Mr.. Newhouse to some extent, but
the terms of the settlement, in which
there has been considerable inter-
est. were not given out. 81 can only
say that Mr.. Untermeyer made al
very fair and generous settlement
with me and Our difficulties have