Show BIG MINE DEAL GLOSEO Syndicate Pays 210000 for the Annie Laurie o PROPERTY TURNED OVER i i Tho Deal was Cleverly Managed by I Hon Frank J Cnnnou The Buy i i era arc Men Who Will Add to the Prestige of the Lllncs Erection of a Mill tlfio Season is Practically Assured Underground Development Develop-ment Will be Pushed ns in the Past Great Thing for Gold Mountain I For 3210000 that was passed over to I hem through the I bankinghouse of McCurnlck Co yeste day the original origi-nal I owners of the Annk Laurie I i group of goldbearing mines on inkl Mountain Moun-tain I Pint county yesterday packed up 1 their trappings si ml turned I it I over lo n syndicate headed by Peter L KJmberly of Sharon Pa Headers nf The Tribune are conversant conver-sant with the trade which has been so cleverly exploited by 1Jou Frank J Cannon whose attention was drawn to i the property less than u year ago and who has enlisted in the transaction it i class ot talent that cannot but add lo I the juxistige of the diggings In which they have anchored The deed by which the conveyance Is made contains the name of Mr Kimberly Kim-berly only as the grantee but it Is known that associated with him Is Hon L C IIitLk foimet treasurer of Cook county III Walter G Fylcr who has fur a number of years been among the stalwarts of the lroi regions and aIl a-Il of olhers of equal I prominence Few have been more actively I identified with ihe mining Interests of the country coun-try than 31r Kimberly his participation participa-tion in an action involving one of the biggest bonanzas in Aspen Cob and in which he had Charles D Arms as an adversary acquiring for him a permanent perma-nent niche in the reports of the United Stales Supreme court These at least are among those who will set a pace for the patriarchs of Gold Mountain and who have already Planned a campaign cam-paign hint must make the region one of the most energetic and one of the most Interesting In the Stale Already It has been ascertained what process is required to cle chop the best results and that the erection of a mill will hae been completed the present year is practically assured i To operate this tile waters on which the region Is reliant re-liant will bo harnessed up electrical power will bo Installed and when the active tanipalgn of reduction begins it will be with PERFECT EQUIPMENT All the while developments underground under-ground will continue as It has progressed pro-gressed In the past It Is estImated by some of those who have sampled the mine and measured uj Us riches that uie of many limes ihe amount at which the properties were purchased bus been blocked out The properly was owned by the Annie An-nie Laurie Mining company and consisted con-sisted of the Senator Stewart Lillian Annie Laurie Chief Devurah Royal George National II 8 S Overland and Ionic I I tudthte whole embracing an area of JLO ai res all of which was covered by patent some time ago The holdings that wcie represented Jn 00000 shares Hint passed Inlu the hands of ihe i purcluisers it t I 70 oonts a shatv woie wkloly distributed 11 A Nelson whuAvas president of tho I company held isoco shares U F I affoy secretary secre-tary and treasurer held 22J30 shares Dr JI B Asadoorlan 29tl6S Eugene Santschl IJIOO and II B WilliamsTill of usllo Gate 7200 In addition to these oilleers and directors of the company com-pany John R Sharp of this city was the holder of 15GGO shares Lars H Outzcn of Richfleld 17J23 shares JMuthew Patterson of Scoilcld 10000 and William Bowcter 13000 These and many more trooped into tno Danuingnouae ot McCornlck Co after the conveyance of the property had been arranged for by Messrs Pierce Crltchlow Barrette with a Mr Williams of Duluth Minn as counsL1 for the purchasing crowd where rach was presented with his share of the 5210000 and that rJojic there was a scattering In every direction direc-tion Although the payment of the moneys antedated the expiration of the option nine days It was not surprising to those who had witched the movements move-ments of the principals and now that the deal has been consummated mining mi-ning circles generally hopr to see the purchasers reap a golden harvest At the same time the vendors are to be congratulated upon tin 1 perseverance with which thev labored to develop the mines and while the amount divided is a small one they arc fully compensated compen-sated for the time and energy that has been expended |