Show SilVER KING BUYS WOODSIDE Deal Is Closed on a Cash Basis and Involves Large Sum of Money FERRY ESTATE CLAIMS ALSO WOODSIDE WAS RESPONSIBLE FOR KINGS BIRTH P that have been pending for many months the Silver Ki King g comPanY through its general mager Thomas Kearns has practically dosed a deal for the properties of the Woodside Mining company nine p patented rented tt At the sam sarn time It Is 15 ad admitted admitted by the vendors that the Silver King has ar acquired aU all of the hold holdIngs Ings of the Ferry estate on Tre Treasure sure hilt hUl and other portions of the district contiguous to the Silver King and the properties These con consist consist or of no less than fifteen patented claims making a total of full claims and aU all patented together with surface improvements embraced in the deal The consideration lion tion has not been made public but there thoro are many reasons for believing that it reaches wen well into the hundreds of thousands of dollars while hile the terms terina are known to t be cash The sale sae will willbe be form formally lly ratified and closed at a 8 of the Woodside shareholders called for the purpose e during the next few days History of Woodside The Th Woodside mine is one of the oldest properties In the Park City ramp and in the e early days produced a great deal de 1 of ore It was as a strike on on Woodside ground near the end lines of the property and the Mayflower now nowa a portion of the Silver King that led to the formation of the SlIver Silver King company The strike was made by a aman aman man named Farish who ho obtained a alease alease lease from the Woodside company and with a num number r of friends taken in he quickly cleaned up a fortune fortun The ore shoot was found to be dippl dipping into the Mayflower and a lease was finally se secured secured cured on that claim and the ore fol folo Q o lowed down into the ground now being actively mined by the Silver King company compan Most of the big owners f the Silver King were interested in the Mayflower lease and it was owing tv to the e which they obtained of the ground through that le lease t Je that the Silver King company was finally formed Property That rs Is Sold The purchase of the Woodside and Feery estate holdin holdings s in that portion of the camp explains partially at least why the Sliver Silver King company has bas tern reduced its dividend rate The Woodside group of claims wedges Into the Sliver SilVer KIng domain on the north northeasterly northeasterly easterly side and for its length of feet has been shown to hold the b big contact ledge that h has made the Silver nver as a producer The fifteen claims of the Ferry estate which is a also about all there is to the Wood ide company are located at various surrounding the pos ions from the mouth of the Alliance mud up to the Ke ground und rid nd elsewhere It is believed that the Silver King company has bas other deals pending but it is hardly likely that the public will hear much of them until they have been becu consummated I |