| Show IDAHO GOLD corporation FINANCED FOR EXTENSIVE development CAMPAIGN advices advises from new york about the middle of the month were to the effect that the idaho gold corporation previously controlled by salt lake operators had been reorganized and financed so that a quarter of a million dollars had been placed in the treasury and made available for development and equipment purposes following investigation of reports on the proposition and a personal examination of the properties samuel newhouse it is said has consented to accept the preside presidency n cy of the corporation and has invited a number of his friends to become identified with the enterprise with the understanding that not less than should immediately be provided for the purposes stated it is reported here that U S senator W H king and another senator whose name has not yet been disclosed have joined with I 1 powerful financial interests in new york in meeting with the requirements of mr newhouse and that everything now is in readiness to start the ball rolling george H short E M locally best known as the utah representative for several years of the Gras chemical company was commissioned a year or so ago to make an examination and report on the properties of the idaho gold proposition for george graham rice who is believed to have been largely instrumental in whipping the proposition into shape this is indicated in the fact that mr short has been named as consulting engineer of the idaho gold corporation and that he now is at the properties outlining the work that will be done during the winter preparatory to launching thebie the big campaign next spring as soon as mining machinery hoists compressors power equipment etc can be taken in and assembled the properties of the idaho gold corporation are said to embrace about acres and cover the gold bearing 5 mineral zone in the rocky bar district elmore county idaho for a distance of two and one half miles mountain home is the rail railroad roLd point from which travel to camp is maintained and which is over good roads of easy grade open at all seasons excepting the dead of winter two gold bearing veins are known to traverse the ground and both have been developed sufficiently to have shown the great potential value of the property these veins were opened and mined to an average depth of feet and feet along the course of the ledges in early days and the ore extracted is said to have produced much rock ranging in in value from 80 per ton these workings are to be reopened during the winter and next spring it is claimed large working shafts will be sunk upon them and the ledges systematically opened up tip for adult production it is understood that in addition to the lode veins the ground also embraces much placer ground that can be worked at a handsome profit when adequately ely equipped this phase of the proposition most likely also will be given attention during the next year the salt men and associates pr previously enviously evious ly in in control of the property and some of whom it is believed will still remain identified with it are earl mcintye james ivers judge thomas marioneaux 0 of f salt lake and norman D mcleod and wm D ebbert of rocky bar |
