Salt Lake Herald-Republican | 1916-12-24 | Page 32 | Thatcher-Ridgely Take over Old Tintic Mine, the Farragut

THATCHER-RIDGElY THATCHER TAKE TAIE OVER OlD TINTIC MINE THE FARRAGUT It has been reported about for sometime somo some I time that A Ashby S. S Thatcher of the firm of at Thatcher Cheney expert export ac accountants accountants ac- ac c- c I and auditors in tho the Boston block and eastern castern associates had been negotiating for tor the old DId Farragut Farri mine at Tintic The camp paper of ot Saturday Saturday Satur Satur- day dllY refers to tho ho deal Mr Thatcher could not bo be reach reached cd last evening but It I Is un understood b by people In close touch with him that ho has haa finally consummated on ted the deal It is also said sail that he ho has strong strong- New York connections connections and that the tho developments de will willbe willbo bo be pushed vl vigorously when tho necessary necessary necOs sary ar preliminary details have been worked out to suit the tho taste of or an ox- ox acting accountant It I Is said that ono one or of Mr lr Thatchers Thatcher's associates Is in Willlam Will Will- lam Barret Ridgely president of or Emma Copper and former comptroller of ot the Roosevelt adminis adminis- currency under the I t ra t on Relative to lo the deal tho the Eureka Reporter Reporter Re Re- porter says says- 8 In a deal which will undoubtedly mean much for tor that hat part of or the tho Tintic district directly north of or Eureka Salt galt Lake Ilke people obtain controlling interest in tho the property of or the tho Farragut Mining Min Mm- ing company campan Tho Farragut property Includes the claims of or the late D. D C. C Harrington one of ot the pioneer miners of or this dis dis- dis Mr 11 Harrington worked this ground g for tor several years cars and then termed formed the company compan to continue devel The claims are due north of ot the Gemini property and In tho the opinIon opinion opinion ion of many mining men on the same mineral zoneLLA zone A large larre amount of ot work has already bon on done on the Farragut ground round within a few hundred feet teet of or the sur sur- face It i is the intention of tho Salt Lako Lake people to Install modern hoistIng hoistIng hoisting hoist hoist- ing equipment and sink several hundred hundred hundred hun hun- dred fut foul ut in the tho lie hope of ot locating a continuation on of the ore bodies on which the thc big mines of ot Eureka are located The deal for the tho control of the Farragut Farragut Far Far- was handled largely by Ashby Thatcher and Marion Marlon Tanner