Show BIG MERGER OF NEVADA MINES l Principal in ill Goldfield Be Being Being Beg ing g Sought by byO byC C K M i Schwab HAS ilAS PRODUCED DEAL WILL WIIL CHANGE THE T E ASPECT OF THE CAMP Goldfield Nov Sept Sopt 10 This poor mans gold camp familiarly known wn as such because mining engineers representing senSing capital turned it down In its Us early erly stages as unworthy and loft left the theman man Juau pian of at maU accumulations to struggle to prove its worth is about to change its identity The hand of ot the multi multimillionaire multImillionaIre millionaire is reaching out to take from Its present owners nearly nearl all aU of whom were poor men a year ago the pick of the tIte districts developed mines Money Is the bait money in comparatively comparatively small amount but to tempt the mine Inne owner who only a short while ago was waa poverty stricken The practical mining men who into braved the desert and unfalteringly toiled tolled with little or no outside ala aid Id to make great gold mines out of ot what school trained experts first dubbed raw prospects are to be shoved aside and the rich man mars is about to take roke posses possession possession sion don The first move along this line Une is that of a syndicate of capitalists known to have Charles M Schwab at the head which has undertaken to obtain con control control control of the important mines of the dis ills district district and to merge them into one ane gi gigantic gigantic gantic corporate body Mr Schwab and associates are arc known to already control several of at the richest mines in Tonopah miles north of Goldfield on the same stretch of ot mountainous desert Properties to Be Merged The properties that are to be merged include the Combination Jumbo Florence January and Atlanta This Thin group of mines all of which have pro produced produced produced a heavy heah tonnage of shipping ore are forms the very core of the district along the strike of what is isnow isnow now nov admitted to be one of the richest mineral zones exploited since the days das of the Comstock They constitute an ideal body of ground for just such audit su h a project and their owner would possess the keynote to the mining situation of Goldfield so far as developed The representatives of this syndi syndicate syndicate cate caSe first approached the principal owners of the Atlanta group of mines I generally recognized by mining men menas menus menas as us one of the great properties of the district with an offer for a controlling interest in iii the corporation It is also known that since then owners of other properties mentioned have been of offered offered ered tempting prices for their hold holdings jugs ings These mines form torm a composite group in the very center of the rich richest richest est eat area in lit the district In view of the fact that the other properties Included in the project have been extensively developed into big producers with immense Immen reserves of ot ore blocked out awaiting extraction and that substantial treasuries have been 1 een built up in addition to the divi dir dividends dIvidends distributed among stockholders It Jt is considered but natural that the of the syndicate should first undertake to acquire control of the Atlanta as this property is Just pausing passing Du sing from Irons the prospect stage to the producing stage and its owners have not had har time nor opportunity to fill their coffers and become independently rich men from the vaults of ot gold that lie beneath the surface Mines in n Heart of Camp CampIn In Iii the small area embracing the properties included in the merger deal dealis ul ulis is centered the greatest activity In min mn mining ing in the whole district The Combination I tion timi is f pegging away on two of ore are and maintaining a production that I warrants the distribution of dividends s sat at the rate of per er cent per annum I in addition to earning a big 1 lg treasury reserve lesene All of the ores treated at a the I I mill are ale coming from an ox oxidized oxidized zone which extends only to a I I deeth of feet The immense bodies of sulphide ore below bolow the level are left undisturbed awaiting a fur further thor ther Improvement to the reduction plant which is now under construe construction construction tion I The Jumbo is being developed on an extensive scale by b the owners who have hae not undertaken un to produce any ary ore since the SIte expiration ex of the leases They are after greaf seat depths depth and have opened tp up ore below elow 1 the workings left lert by b tIle the lessees that is richer than titan any anything anything I thing previously found on the proper property ty t The Florence is the scene of feverish and und aggressive ag activity Lessees are making a race against time in taking out ore that Is be being being i ing lug s settled for b 1 by 30 the compa companies sties nies at the rate of nor Del ton One lease alone the is ls producing from to per pcr day da and it is I estimated d the aggregate yield of this privilege up to the time of ot Its expiration tion tl mn Nov No 1 I will reach Directly east of and adjoining the Florence Is the Atlanta where sixteen sets of lessees less es ar are energetically devel dove developing developinG the great mineral zone one that traverses tn verSe the property Recently there has pas developed a rumor of such per persistency that it will wUl not down to the effect that ore of extraordinary rich richness richness richness ness has lias S been opened on the property and that the fortunate lessees who have struck it are suppressing the fact tAct in an effort to either secure an adjoin adjoining adjoining adjoining ing block of or ground or an extension of at their leasing privilege It is even said old by 1 y those who are in close dose touch with work going on oss at the property that the lease lea upon which the discovery was made may equal in the output out put of af high grade ore the great Reilly lease |