Show BEAVER COUNTY MINES IN MERGER three well known mining properties located in the star mining district beaver county utah form the basis of a new company that has been organized to operate them the properties going into the merger are the moscow red warrior and beaver combination estates embracing acres of mineral bearing ground the new company is called the moscow silver mines company and is capitalized for shares of this shares will be exchanged for the moscow for the red warrior and for the beaver combination the remaining shares is treasury stock and arrangements have already been made it is said for the underwriting of shares the proceeds to be applied to the development and operation of the combined property on an extensive scale the designated officers of the new company are fred J leonard president F J hagenbarth vice president M B johnson secretary and treasurer garrett S wilkins general manager these with angus buchanan of long beach california constituting the board of directors on the moscow property there is a double compartment shaft 1400 feet deep this is electrically equipped and is up to date in every way some years ago the moscow was mining on the other side of the ridge from the shaft some large ore bodies were opened up and in order to mine more economically the shaft was sunk on the milford side of the property and a long drift sent through the ridge into the ore bodies for several years the property was a steady shipper and dividend payer at that time the ore extracted averaged around 40 per cent lead 40 ounces in silver and some copper and gold cars of ore with prices prevailing at the time averaged around while at present they would be around on reaching the 1200 level in the shaft it was found that the ore bodies on the milford side of the property were faulted to the westward and although the ore would be vertically under the beaver combination ground it would apex in the red warrior ground As neither of these companies were in a position to mine at depth a consolidation was agreed upon |