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Show EUREKA RAILROAD 15 S0L0T0 015 Heirs of D. O. Mills, Famous Fa-mous Pioneer Builder, Sell Interests. Period of Permanent Activity Activ-ity for Mines of District Said to Have Begun. With silver, tin: hop,: of tho linn, performing per-forming f,sttn of priio cllinljlni;, which ;ire LI ic woml.-r of the financiid ami nun-lug nun-lug world, many opt canipM, for whom eternal oMuion hail apparently heijun several sev-eral decades niio, are manifesting imiiea-tions imiiea-tions of i;reat and prolonged activity. No awakening of an old camp has attracted more attention than that of Kui cka, N'ev., mostly because of previous record of production. Not quite a week ago, a deal of paramount para-mount importance to the old camp and tho mining activity of that region was consummated con-summated in fian Francisco, according to udvicea received hero yesterday. The l'allsudo & Kureka railroad, an clghty-seven-tnile narrow-gange line connecting con-necting tho two towns of thoe names In Nevada since 1ST-!, was sold lor 1 ,0011,0111) hy Mrs. Whilelaw Kind and 1 igdeu Mills of New York City and (Jeoige WhiUell of this city to Kugeno JLavls of New York anil Kureka, Nov, Tho deal was closed at tho Palace hotel ho-tel by liavis of New York and John K. Sexton shortly after their arrival from Ku-I'oKa. Ku-I'oKa. Confirms Purchase. Mr. Davis staled that ho had purchased tho railroad individually and that possession posses-sion will be taken December :tl. Davis is the principal figure in an eastern east-ern mining syndicate which has already invested in the Kuioku-Crocsus, Kureka King and Eureka Peerless mines at Kureka, Ku-reka, and in sixty adjoining mining claims. The members of tho syndicate base also under their control other claims ticar by.. It Is proposed to spend Jl, 000, 000 on a smelting plant at tho town of Kureka for the reduction of tho gold and silver ores, according to Mr. Davis. At the present time much ore is shipped to the smelter lit .Salt Kake City. These ore shipments constitute a large traffic for the Palisade and Kureka railroad rail-road and the Davis synilicato finds it Indispensable In-dispensable for their purposes. Hcnro their purchase of it. The road connects at Palisade with both the Southern and Western pacific railroads, so the latter tire finding the Davis oro shipments to Salt Lake a profitable traffic. No ore under un-der S:)0 und $10 a ton In gold and silver is being sent to .Salt Dake. John K. Sexton, who closed the deal for the former threo owners, is ono of the unique business characters of the coast, and a $20,000 a year salaried manager on this coast for certain joint properties owned by Whittell and Mills and Mrs. Held. Mrs. Held Is the widow of Whitolaw Reid and ft daughter of the late D. C. Mills, who In early days was tho richest man on tho Pacific coast, and who refused the pleadings of Stanford. Huntington, Crocker and Hopkins to buy into their new Central Pacific railroad as a moneyed partner on tho ground that "I think your road is too risky an Investment." In-vestment." Rehabilitates Road. Osden Mills and Mrs. Reid got their Interest in the Kureka railroad as the heirs to the D. O. Mills estate. WhitteU's Interest in tho property was a separate investment. Ten years ago the littlo road was almost al-most destroyed In a cloudburst. When about to be abandoned for good as a losing los-ing venture, Sexton seized tile opportunity opportuni-ty to put it on its feet. So successful was lie in the work that he is now one of the trusted business advisers of that trio of multimillionaires. This trio, it is said, Kive him the credit for their million-dollar deal of today. The career of D. O. Mills is filled with romantic Interest. In the heyday of prosperity pros-perity of the C'omstock lode, Mr. Mills constructed con-structed tho Virginia & Truckee railroad as an outlet for tho Virginia City mines, which have a record of f 600.000,000 production. produc-tion. This road connects with the South- em Pacific railroad at Reno, Nov. The Palisades .t Kureka railroad was constructed con-structed by Mills pere as an outlet for the mines of the Eureka district. These two properties In their day were the most valuable short-line railroads in the world. It is said. Such railroad activity as they enjoyed has prevailed on few short railroad's, rail-road's, with the exception of the railroads used in South Africa mining by Cecil Rhodes and John Hays TTnmmond and by Andrew Carnegie transporting coke, iron ore and steel in the Pittsburg district. Eureka, the producer of Sl'OO.OoO, once the ruler of the world's lead markets, and an enormous silver producer, has eomo back to stay for a long period if prophecies prophe-cies for tiie future are fulfilled. |