Show HN DERN HAS HASi i r REACHED RACHED REACH ED HOME o 1 iz of Con Mercur 1 t Directorate Tomorrow 1 1 WHY DE OE LAMAR SOLD OUT 1 AND POSEY FORMING BIG BI EXPLORATION COMPANY After a visit among a old oid business as associate asa f a sedates In New York Boston no tun and at 4 Fremont Nth NeIL Vice President John JohnI I Dem De of ot the COnsolidated Mercur com company company company pany reached home again agal last lut evening Regarding the big bl deal which he closed with Captain J I r De Lamar for tor shares ahara of stock in that company S Jr r Dem said eald that he and the captain 1 b i of the same aint mind the trans tran transI I n waa was quickly closed and they l parted perfectly contented with the bargain made Ir lit explanation of the captains desire de lre to JeW W Mr M h Dern Dem said ai it was not notS S through any lack of or faith in the prop property property property erty on egi the vendors endors part but was WI due entirely to his bilt determination d to dis die tose loOSe of all his precious metal mining interests and hereafter devote devole his hl en energies to the business bUlline s of AMon the great coal con and Iron inter interests Interest est eats of the Ute east easta a Business that will permit J of or his making New York his hisS S permanent abiding plane place pla e To ro that end o 4 it is 18 understood under the captain has baa re recalled reo recalled recalled called all hip hi forces from the field of exploration and will as aJ i soon as an pos pea possible sible sib dose cloae out ut all aU hib hiti remaining far western w Interests Int rests Mr BIT Dent says his old business asso associate wild who w Joined j ined him in Irl the purchase e of the th captains holdings in the Con Coni i Mercur have done so not nut for speculative 8 purposes urpo ea but for the earn earnings f lags JugS thy they know the mine is capable fit f S turning over to their exchequers ques Before leaving for the west Mr Dern met the McCornick Posey Po ey and p who left Boston BORton and ami sailed Mile for tOr Paris several lays days ago and the purpose e of their trip he lie learned was it to organize a big b exploration company that will buys buy bu sell cell and operate o rate gold copper and an other ether characters of mines In this country The big hiI gold prop property property erty recently In Arizona by Meters Posey Po e and Rd will form i the basis bad of ot the organiZAtion organisation but no noI I limit it is I said will bp be placed on their operations when once they get the tite en enterprise und urd under r way Tomorrow oo the directors of the Consolidated Mercur fer will meet and reorganize but Mr Dern Darn was unwilling I ing to speculate la t evening on what the th dew roster would show It Is II not n t long 1011 till tm the meeting said he lie Walt WAIL and see what Is done |