Show PIOCHE GETS A I GREAT COMPANY I Mines With Millions of Ore in ink inI inSight k Sight to jo Be Equipped With Smelter EASTERN AND LOCAL MEN LAUNCH PRINCE CON MINING SMELTING CO COAn COAn I An enterprise that probably means more for the camp of ot Pioche than any anything an anything thing that has been launched since the rejuvenation of or that camp commenced two or three years ago was rounded out in this city yesterday when Colonel James L Hackett of ot Ky K and Anthony Anthon H and E L Godbe with other local interests completed the organization tion of the Prince Consolidated Mining Smelting company with a capital of represented by b shares of stock of at which was set aside as a treasury reserve Colonel Hackett will be president of ot the company but theother the theother theother other officers will not be announced un nit until until til the formal organization of at the board of directors which in addition to the themen men mentioned consists c of Dr Fred Stauffer and J P IJ I Millions of Ore in Sight Ever since Colonel Hackett became In Interested interested In the Pioche district with the Godbe the acquirement and operation of ot properties that now pass to the new company has been carried on In the name of the Phoenix Reduction company com pan with witha a nominal capitalization The old com coin company company pany turns over to the he new one the Prince and California groups of ot mines mine In the tile Pioche district and the tons of tailings at the old mill and smelter town of ot seven miles from Pioche on the line of at the Clark railroad which has now been completed to that point from tram Caliente and which will be finished into Pioche during the thc next nest few weeks These tailings are con conservatively conservatively estimated to be worth and in the Prince and California groups of ot mines there is now blocked out and ready for extraction all aU of worth of ores considered Ideal for smelting purposes In these state statements statements statements ments then is found in brief what tho real tangible assets of the new company consist of During the years that the development of or these properties has been progressing there has been no fuss made Colonel Hackett and the have gone about the business of opening them up without calling caling on the public imbue for aid and ad without making makin any noise con concerning concerning concerning their value In short they have been mining Smelter to Be Erected After Affer the meeting at which the reorganization reorganization was perfected yesterday esterday the I announcement was made that the new ne I Icom company com pan would during the coming year erect smelting works of Us its Is own at Bul Bui for the purpose of ot treating the ores from these mines and the th tailings taing already on the ground In to th t the ores and tailings the company has hason has hason on Its Is own properties all al the lime Ime and iron that will wi be required for fluxing purposes together with wih water and water rights that insures an adequate supply for tor all al purposes The complete financing of at the proposition proposition sl ion has been quietly but fully ful ar ranged raged by President Hackett during the summer and It Is understood that this has been done largely hi In the ranks of 01 the wealthy and influential friends ot of Colonel Hackett a ket in Louisville First wi h the he took all the chances and risk of at making the mines and then in invited invited vied his friends to t o join him in the task tk of providing the reduction r works and making the wealth already In sight available It has been ben a clean piece of business from is its inception it has been handled by clean business men and the operation of at the powerful that has been organized organIsed to recover the mil mu millions mi lions lons in mineral mineraI wealth exposed and still stIl hidden in the unexplored depths of the mines owned ow ed is Ia destined to do as much If It not more than anyone an thing to re restore restore 1 store to old Pioche the prestige that it held in the early carly eari days days I |