Show IMPORTANT MINING DEAL world weiser idaho the iron springs consolidated mining company was recently organized under the laws of arizona with its principal office and place of business at weiser idaho and its eastern office at youngstown ohio this corporation has a capital stock of fully paid it was organized for the purpose of and has recently purchased all of the properties owned by the following named corporations the iron springs mining company limited the mining company limited the holbrook mining company limited a controlling interest in the iron mountain mining reduction company limited and numerous other properties located close to iron springs owned by individuals also properties located on rapid river and bear creek the aforesaid properties all being in washington county idaho the officers and directors of the consolidated soli dated company are as follows D C nevin president and general manager weiser idaho J edie stewart first vice dent den worcester ohio H G bye second vice president youngstown ohio wm P barnum secretary youngstown ohio harry F march assistant secretary weiser idaho james B nevid treasurer youngstown ohio and J chester sutherland assistant treasurer weiser idaho the board of directors consists of the following named personnel D C nevin weiser idaho J edie stewart worcester ohio william P barnum youngstown ohio harry A march weiser idaho james E nevin youngstown ohio emil J anderson youngstown ohio C howard denison iron springs idaho john fulton canons burg pa pah H E peterson pittsburg Pitts bur pa and mark L sheldon salem N Y I 1 the first national vank bank of youngstown ohio and the first national bank of weiser idaho were selected as the banking houses through which the corporation would do its banking business mr D C nevin has just returned from the companas comp anys eastern office at youngstown ohio where the new organization was completed and arrangements made for the purchase of the aforesaid properties also arrangements range ments made for the coming years work it is the plan of the company to install the one hundred ton cyanide plant on the iron springs property just as soon as the roads will permit the moving of the machinery onto the grounds the timber and lumber is already sawed and the carpenters are antwork constructing the building it is also the intention of the company this coming summer uw mer to erect a large stamp mill for tue tile purpose of hauling the ore from the other properties of the corporation and probably adist in the erection of i a smelter at iron mountain n the wagon road from iron springs to pollock wil be completed and the company will install a large power plant on rapid river to furnish power for all purposes at iron springs in the operation of their various plants at a meeting of the stockholders of the iron springs mining company limited and the mining company limited held at weiser idaho on the of this month the vote with each company was unanimous in favor of the consolidation and the officers were authorized to make sale and transfer all of the properties to the new consolidated company on the same day a meeting of the stockholders of the holbrook mining company was held at youngstown ohio with a unanimous vote in favor of the consolidation at the percent time the company is working about fifty men on its different properties with mr C howard denison tending the work at iron springs and mr john J bye superintending super intending fending the work on other properties of the corporation close to iron springs and also the general beneral mercantile business at that place the charter of this corporation is very broad and comprehensive the general nature of the business to be transacted is as follows to engage in mining producing sweltering smelt ering refining manufacturing purchasing selling exchanging and transporting of ores and metals containing gold silver copper lead zinc and iron also clay coal limestone oil gas and other minerals the corporation is the owner of some valuable oil and gas fields located in ohio pennsylvania and wyoming it is the intention to extensively develop their oil and gas fields during the coming summer |