| Show EAGLES NESt CONTROL SOLD Posey and Associates es Report Repart Reported Repartee ed ee I to Have Paid for Majority of Stock Control of the great Eagles N s smine mine in the Fairview district has at lost latt t from the hand of the vir vit virtually defunct Sullivan Trust company of at says the Fairview News Colonel O 0 P Posey of ot New ew York and his associates who are In control of the Daisy at Goldfield are the new con controlling controlling controlling trolling owners of Eagles Nest and it itis ItIs itis is confidently expected that the In ownership will result in such an fag Ag Aggressive development of Eagles Nest ground as has been impossible since the embarrassment of at the Sullivan concern more than a year ago The Tho new owners are men of large means and of experienced V mining ability They do not to spend enor enormous enormous enormous sums in the search for ore are as I their operations on the Daisy have hae at attested attested attested tested and their appearance as the controlling owners of ot Eagles Nest is everywhere hailed with delight The deal by which the Sullivan Trust company parted with Its holdings In Inthe Inthe inthe the stock Was wag as made mad in Reno on Wed Wednesday Wednesday Wednesday the formal transfer being de through the Washoe County b bank k It followed a visit made to T TB TB TB B Rickey president of the Sullivan concern at his home in Carson City it by a number of at San Francisco brokers including the representatives of ot the creditor brokers on the committee which has been administering the tlC Sul Sullivan Sullivan livan lian concerns affairs for tor the past twelve months The brokers who called on Mr Rickey and who are cred credited cr credited d ted with having jarred the Sullivan company loose from its holdings of shares of Eagles Nest were Herman Zadig William Moise James Degan Kenneth Donnellan A F Cus Custis Custis and C E Hardin of San Francisco and James Pollock of Salt Lake City While it has not been so so announced it is believed that Mrs Frances D DRice DRice DRice Rice wife of G G Rice former vice president of at the Sullivan Trust com corn company company pany pan turned her holdings over to the Posey syndicate The Sullivan Trust company at the time of its embarrassment embarrass ment held shares of Eagles Nest As the Eagles Nest is capital capitalized capitalIzed capitalized at shares this block did not give the Sullivan concern control but by virtue of voting the largest block of 01 stock that could c uld be at any annual meeting it has continued to control the company even cven through its embarrassment Last fall G G GRice GRice GRice Rice through his newspaper the Ne Nevada Nevada Nevada vada Mining News announced that his wife held shares of the stock This holding with that pf f the Sullivan concern would absolutely control Eagles Nest of Mrs Rices stock added to that of the Sullivan Trust company would control Eagles Nest and it is figured out here that the net ne owners probably procured about this amount of the Rice stock This calculation is i based on the fact that it is announced that was paid for the Control by Colonel Posey and his associates At 50 cents a share this would mean that the Posey syndicate acquired slightly more than shares or an absolute control As It is known that Colonel Posey Pose last fall bid 40 cents a ashare ashare ashare share for the Sullivan holdings it is figured out now that the control was secured by a bid of 50 cents for not notI less I s than shares chares of which were sold by the Sullivan concern and an anthe the remainder by Mrs Rice nice I |
