Show IDAHO PROPERTY SOLD statesman boise idaho one of the most important mining property deals for a long time was the transfer on wednesday of the general pettit mining properties at atlanta to the bagdad chase gold mining company of Roch rochester estert N for particulars of which were ma made de public yesterday it is a deal that has been prospective for many months and it is said the completion of the atlanta road bro brought y ailt it to a culmination with the completion of the road plans for development work that would not have otherwise been deemed practical can now b be e carried out the purchasing company has held an option on the pettit mines since september 15 1906 since that time the mine has been worked and developed and a stamp mill of seventy tons capacity with an elaborate concentrating plant was built it is said that the mine has developed remarkably mar kably well the option was closed at noon wednesday when the purchasing company turned over to the owners of the property a draft for the full purchase price on the chemical bank of new york the equipment of the company consists of twenty stamps sixteen banners van ners eight dimmick slime tables one tube mill callow screens and necessary accessories the company now has in course of construction an additional twenty stamps with eighteen banners van ners a roasting and cyanide plant for treating the concentrates in addition to all this the company has a model aerial tramway capable of transporting tons of ore per day and an electric power plant to operate the whole enterprise As soon as new equipment being installed is complete the capacity of the mill will be tons per day the old pettit mine was originally owned by general W H pettit and his estate will profit from the sale other own ers were frank cohen hal N coffin L richardson and heirs of the david falk fair estate the officers of the bagdad chase company P in the east are J N beckley president i 1 president toronto hamilton buffalo railroad E van betten vice president vice president new york central hudson river railroad company J H stedman secretary of the rochester democrat and chronicle benjamin E chase treasurer president national casket company wayne darlington general manager with headquarters at boise |