Show BIG DEAL AT ELY cole ryan syndicate purchases gunn thompson holdings mining alining expositor ely nev official confirmation of by far the mot most important deal ever consummated in white pine county was given out Satur saturday clay when it was announced from the offices of the east ely townsite company that all the interests of that company have been purchased outright by the cole ryan syndicate in other words the international smelting smelling Sm elting refining company the price received by the gunn thompson people for their extensive holdings is not given but it is understood der stood the amount to be about the deal was made through the eastern offices of this company local officials of the cole ryan interests not being advised until very recently that the deal was being consummated the final details of the transfer were made early this week arthur smith of the townsite company is still in the east attending to the details in connection with the sale S W belford attorney for the company returned thursday evening from the final conference for a year or more the cole ryan people have been attempting Z to cecur suitable smelter sites and water rights I 1 to insure the erection of an immense smelter in the ely district the gunn thompson people controlled the only available water highs and most suitable ground the smelter people in order to becude those resources found it necessary to purchase the townsite and other holdings complete As the international smelling smelting Sm elting 1 I refining company is strictly a m mining ning and smelt ing organization they pay absolutely no attention to the exploitation of town sites said a man who is in touch with the cole ryan interests this morning the east ely townsite will not be given much attention by the new owners beyond an effort to get it off the hands of the smelter people as soon as possible what they wanted was the water rights and the building sites now that they have secured these it is more than likely that the work of erecting a smelter will bein begin be C in at once though the new interests now own about three hundred building t lots in ely it is not likely the smelter will be built here for which ely can feel thankful the big plant will be built either at tiie giroux mine or on the outskirts of ely the problem that is to be solved is whether it will be cheaper to pump water from east da ely ay iy to giroux for a smelter at that place or to build a smelter outside of ely and construct a railroad to the mine it is believed in ely that work on the erection of a plant as large if not larger than that of the nevada consolidated will begin at once and will be well under way before next summer |