Show NEWHOUSE BUYS BULLFROG MINE Dea Deal for the Control of er ery Properties Is Closed SCHWAB PARTY NEIGHBORS MINES CAPTURED BY AMERICAN EL T N Samuel Newhouse the alre aire mining operator ot Of this city purchased from D H Peer Peery a controlling interest in the Montgomer Montgomery er ery Mountain Mining ning compan company which owns a large gup group of claims i In the Bullfrog mining district Nevada Nevada The amount of money Involve involved in the transaction w not made public DubUc but the generl general impression Is that the sm sum Is not far from the far te mark while the terms of sale probably involve con considerations tat that men mean a geat great deal more than that to Mr Peer Peery and his asso associate dates who sti still retain large holdings in the company A few days ago Mr lr Newhouse dispatched dIspatch d his chIef engi engineer engineer neer I M Johnson to camp for the purpose of making a an examination of the mine and to get a generl general lne line on the camps possibilities Accompanied by lIr Mr Peer Peery Engineer Johnson re returned returned turned at S 8 yesterday morning Before the noon hour hOr his report was fed filed and In less than an an hour from that time the deal had been closed Work to Begin at Once Wih With the report submitted by ll Mr Johnson lIr Mr expressed him himsel himself sel self as being much pleased and he declared that not a moments moments time would be lost In getting work on the property Mr Ir Johnson wi will have generl general supervision of the plan of de development and he announced that just justas as soon a as he reached Los Angeles for which place he started lat last night to join Mrs Johnson he would give the orders that would get work under way wayA A first clas class compressor plant plant assay office bl shop and buildings for the accommodation of the mine force wi will be provided for at once and during te the next thirty days i It Is the Intention to have thing things on the hum at the property The Montgomer Montgomery Mountain gound ground consisting of several claims is practically surrounded by te the properties that recently went into te the Schwab combination and now being operated as the Consol Consoli Consolidated dated The Shoshone company prop property property erty Ue lies alongside of and partially across one end of the Montgomery Mountain while te the complete completes the swing around the one end The Crystal pr ery Is also ad adJacent adJacent Jacent while several of the other big mines of the distrct district fank flank the prop uty on the other exposed side and id d LI Likes es the Mine and Camp CampI I 1 am not only wel well pleased with the caton cation of the Montgomer Montgomery Mountain property said Mr Johnson but I Iam Iam am favorably Impressed wih with the dis district district The ledges are large stong strong and andrich andrich rich te the values are tee there and what is more te the tonnage is there also alsoFrom alsoFrom From te the close observations which I Imade Imade made I feel safe in saying that we wi will develop t the e Shoshone ledge in Mont Montgomery gomery Mountain gund ground for not less than 1000 feet or from the point where i It enters our end lines from te the Po Polaris lars laris to where i it wi will pas pass out ot of the side lne line into Shoshone territory A second ledge that enters our ground from the Polaris ed end wi will be cut In the tunnel tat that I props propose to extend cear clear within fifty feet across our gound ground feet It if Is a good and rich vein and we shall be mining in i it withIn thirty days To reach each the Shoshone ledge we shall have to drive possibly 6 COO feet fee but that will give feet of depth at at the pint point of contact With ith ma machine hine drills at work we shall not be long in covering that distance I have not te the slightest t doubt I but what we shall open up a mine the peer of any in the camp and that is saying a gret great deal for I confess to being simply amazed at the quantity and quality of the ore I wa was permitted to see in neighboring properties Mr Ir Johnson will wi b be at camp within a few days and ten then aU all plans for the future will be mapped out and compe competent tent men wil will be place placed in charge to carrY on the work Lter Later he wi will visit some crr of the oter other camps and the i Chances chances ae are busine of moment wl will willbe or of them be done In some one V D H Peery state stated after the deal had been closed that he would remain here until Sunday when he expects to make a trip to the new camp of Manhattan where he ha ba ben been mang a bid for forthe forthe the famous Stry Stray Dog property one of the oldest in the camp and one from which a number of lease leasers are now shipping ore tat that nets tem them over a ton te the haul by team to the nearest shipping point He wi will likely be joined there thereby thereby by point Mr Johnson during the net next two weeks |